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JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe.
If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.
It’s almost 100 days since Britain completed its split from the EU -- almost five years after the referendum vote –- and a clearer picture of the consequences of the decision to leave is starting to emerge.
Activity in first three months of year indicates UK's withdrawal from EU could remake financial centres across Europe in coming years. / A month after Britain voted to leave the European Union, Boris Johnson was asked whether he thought the finance industry would keep its rights to trade freely in the bloc. “I do, I do,” he told reporters. It was never that simple.
Transfer to Brussels of securities deposits follows shift of share trading away from UK.
All the talk was of Frankfurt or Paris luring London's financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.
Equity trading on the Amsterdam stock exchange has for the first time overtaken London. The trading volume in the Dutch capital has quadrupled within one month in January as a result of Brexit.
Downing Street has blamed Brussels for the loss of business suffered by the City since Brexit day, which has led to Amsterdam surpassing London as the biggest share trading centre.
The European Union’s securities watchdog suspects a post-Brexit shift in share trading to the bloc from Britain represents a permanent change after Amsterdam displaced London as Europe’s biggest share trading centre last month.
Amsterdam ousted London as the largest financial trading centre in Europe last month as Brexit-related changes to finance rules came into force.
Amsterdam has displaced London as Europe’s biggest share trading centre after Britain left the European Union’s single market, and picked up a chunk of UK derivatives business along the way, according to data published on Thursday.
Amsterdam surpassed London as Europe’s largest share trading centre last month, as Brexit led London to lose business.
Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday.
UK’s departure from the EU prompts shift in dealing of stocks and derivatives.
The British economy is beginning to understand what it is to be tipped over the cliff edge. Cries of alarm and distress flares are going up across the length and breadth of the country, and from industries as diverse as fishing and finance and from pigs to paint.
Britain’s departure from the European Union has triggered the biggest change in trade since it joined the bloc 48 years ago, with companies grappling with export documents, longer delivery times and the need to re-engineer supply chains.
British broker TP ICAP has revealed that it cannot currently serve some European Union clients because Covid-19 has delayed completion of its new Brexit hub in Paris.
The role of the London Stock Exchange as a hub for global share trading is changing following the U.K.’s exit from the European Union.
Filling the GDP gap it has created will be hard.
First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’
Airline says that UK investors will be barred from voting, speaking at or attending AGMs. British citizens and institutions will also no longer be able to buy shares in the company to ensure that it is majority owned and controlled by EU citizens.