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Businesses leaving the UK, moving headquarters, re-registering elsewhere or moving assets, or changing their investment plans

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Designers and architects in the UK are suffering in the wake of Brexit, with companies abandoning exports and setting up offices in the EU to avoid losing clients.
Our Economics Correspondent @HeliaEbrahimi explains how no-deal Brexit preparations are impacting the UK economy.
Less than a month after leaving the EU, trade is flowing so badly that small firms are moving operations abroad to survive.
Belgium’s ambassador to the UK, Bruno van der Pluijm, has urged British business to consider his country as its post-Brexit gateway to the EU.
Bosses face tough decisions and politicians are refusing to listen, says a Bristol business owner. / Small and medium-sized businesses, the lifeblood of communities, have told of difficult decisions to quit Britain or cancel investment plans because of Brexit.
In just one week I will finally leave Brexitland for good. Let me know if anyone ever finds those sunlit uplands. Not expecting an answer anytime soon.
JPMorgan, the biggest U.S. bank, is moving around €200 billion euros ($230 billion) from the U.K. to Germany as a result of Britain’s exit from the EU. Here’s why.
'We are not the envy of the world anymore, we are the crackpot aunty in the corner that everyone laughs at.'
Before Brexit, the owner of Cheshire Cheese Co was planning to invest £1 million and dozens of jobs in a Northern town. Because of Boris’ Brexit deal, he’ll be investing in France instead. So much for a ‘Brexit boom’.
This was James O'Brien's powerful reaction to UK firms saying they are being advised by the Government to set up in the EU to avoid trade disruption.
Dublin has been crowned the most desirable place for City jobs, as 135 firms have relocated business to the Irish capital due to Brexit, new research has revealed.
Both Dublin and Luxembourg continue to be the most popular destinations for office and staff relocations, as well as new European hubs
According to figures released by Flanders Investment and Trade 81 companies have invested in Flanders rather than in the UK since the United Kingdom left the European Union. Above all companies involved in transport and logistics, sales and marketing, telecommunications and electronics and chemicals have been opting to make investments here rather than in the UK.
Eighty-four per cent of fintech firms that planned to partly relocate UK operations to the European Union after Brexit ultimately enacted those plans by 2023; according to researchers at Anglia Ruskin University.
Europe’s biggest repo trading venue is moving to Amsterdam. / BrokerTec is the first company to relocate an entire market.
A major North West manufacturer with a plant in Hungary says it will now reduce its UK operations and invest in EU facilities after what it described as a "lack of clarity and preparedness" following Brexit.
'Don't listen to the Brexiteers' madness which asserts that 'because we have huge plants here we will not move and we will always be here' - they are wrong'
They are one of the biggest employers in Wales, but chief executive Tom Enders said the handling of Brexit was 'a disgrace' and urged people not to listen to 'Brexiteers' madness'
The UK has been at the forefront of global aviation for more than a century. Airbus generates £6 billion of turnover in the UK, has more than 14,000 employees here and supports over 110,000 jobs through its supply chain. Airbus CEO, Tom Enders, explains why a no-deal Brexit puts this under threat.
Fishing tackle and equipment retailer Angling Direct announced on Wednesday that its new European distribution centre was now fully operational, and shipping to customers across the European Union.
About 300 jobs have been put at risk after a manufacturing firm announced plans to move production from the UK to Europe. / SKF has revealed plans to shut its plant in Luton and relocate manufacturing to its facility in Poznan in Poland.
More than 40 licenses were issued in 2018 to businesses moving to Amsterdam from London due to Britain's departure from the European Union, the Dutch financial markets regulator said on Thursday.
AGE was established in Paris in mid-2019 to prepare for the impact of Brexit on AGUK, which had previously been the entity writing Assured Guaranty’s business in Europe.
More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU, and 48 of them have come to Amsterdam, according to research by British think-tank New Financial.
The music merchandise specialist says the move will help alleviate the significant trade issues created by Brexit.
Are banking jobs moving out of London because of Brexit? An updated report from thinktank New Financial suggests they are: New Financial says 332 financial services firms have already moved jobs out of London because of Brexit, up from 60 last time they looked in March.
Bank of America has spent around $400m on preparing for Brexit, which has seen the bank move some operations from London to Dublin and Paris.
Of all the stupid losses Britain faces from Brexit, few can match the departure of well-paid bankers from London.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations.
“Now that Brexit is finalized, financial institutions have warned us that they intend to pursue their staff-relocation plans to Paris.”
The ECB has been probing where banks’ resources are based — particularly around trading and risk-management — for more than a year in what it has called a desk-mapping exercise.
The shift of banking activities to Paris from London after Brexit is starting to have a measurable impact on France’s trade in financial services, and the dynamic is likely accelerate, according to the country’s central bank.
The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules.
Banks counting the cost of Brexit have moved or plan to move more than £900 billion in assets to the European Union – the equivalent of ten per cent of the entire UK banking system.
Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.
Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
Barden's German owner is to shut the Estover plant and shift all production overseas amid 'Brexit uncertainty'.
Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate - in Germany.
Move to a EU member state needed for licence to continue broadcasting across continent.
The British Broadcasting Corporation is planning to move some of its commercial channels to the Netherlands.
It's absolutely, positively not to do with Brexit. This is about 'future proofing' the company. How does that make it any better?
Luxury carmaker Bentley (VOWG_p.DE) said free trade with Europe not the United States was its priority as Britain negotiates its new relationship with the European Union...
Specialist expat financial planner Blevins Franks is reporting that it is seeing a large increase in the number of UK IFAs enquiring about a move to Europe, spurred by passporting barriers post-Brexit.
The staff of 100 financial firms are moving to Ireland due to Brexit. How will that go?
Maroš Šefčovič says he does not want to put existing deal ‘in the shredder’. / The EU’s Brexit chief has ruled out renegotiating Britain’s trade deal until 2026, dashing hopes it could be improved and prevent businesses fleeing the UK.
Another carmaker slams the brakes on prospects for its UK workers if Britain leaves the EU without a deal.
Manufacturing of engines destined for South Africa plant is switched to Germany. / BMW has moved some of its engine production out of the UK because of Brexit uncertainty.
David Bailey looks at the implications of BMW’s decision to stop producing the electric MINI at its Oxford plant and sets out what the decisions tells us about the UK automotive industry post-Brexit.
THE Bolton-born head of sports chain JD sports has said the impact of Brexit has been "considerably worse" than feared as the sports chain plans to build a warehouse in the EU ­— which could have been built in the UK.
Small business leaders have accused Boris Johnson of failing to protect them from the damage Brexit will inflict – with one third ready to quit the UK to escape it.
The prime minister blackballed business groups from his keynote speech on the future of EU trade talks yesterday, accusing them of failing to prepare their members for the “reality” of post-Brexit Britain.
Some companies will have to move operations to the EU due to trade barriers, Office for Budget Responsibility says.
The former Soviet satellite state is welcoming British companies looking to escape the tangle of regulations and financial obstacles of doing business in Europe.
Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said.
Three years after Brexit, we asked designers, design entrepreneurs and representatives of British design organisations how the withdrawal from the European Union has affected the design industry.
NFU’s Minette Batters says ‘inept parliament’ forcing firms to spend millions to prepare.
Shipping wine to the UK is now a "bloody nightmare" and it's only likely to get worse.
The Pool firm is considering opening up a new branch in Barcelona rather than the UK if a No Deal Brexit becomes reality.
London's claim as a global green finance hub suffers Brexit blow as ICE shifts contract auctions for EU emissions trading system to Amsterdam
The Dutch foreign investment agency NFIA was involved last year in helping 423 foreign companies either set up in business in the Netherlands or expand their current operations, the agency said on Thursday.
The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK voted to leave the EU six years ago, a study has found.
Ireland moves up global, EU rankings as banks relocate post Brexit.
MAVISE notes that between Brexit and the transposition of the revised AVMSD, the supply of audiovisual services has been experiencing a lot of commotion. In a quest to secure continuity in their distribution outside the UK traditionally UK-originating channels have been relocating over the past two years.
Small design firms in the UK are moving their production abroad and setting up businesses in the European Union to get around a slump in business following Brexit. / "The UK is no longer a viable distribution hub" / "Best to not have anything even touching the UK" / "If you speak to any company, they're finding ways to remain in the EU"
‘Brexit is materially restricting our growth now,’ manufacturer Farrat says. / Manchester — Sick of customs delays and extra bureaucracy since Britain left the EU, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate — in Germany.
THE UK's decision to break away from the EU cost service exports more than £110 billion over a four-year period, new research has shown.
While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”
Britain's moves to leave the European Union may complicate life for our exporters but will not damage New Zealand’s economy, Prof Robert Patman says.
Brexit delays have led Perth-based cannabis oil company Voyager to acquire a manufacturing factory in Poland for £1.5 million.
Hundreds of jobs will be lost in Newcastle as Nestlé’s profitable sweets and chocolate factory is set to close and production move to the EU.
The number of EU bankers earning more than €1 million increased significantly in 2021, according to research by the European Banking Authority (EBA). / The regulator said that the hike in salaries was directly linked to relocations of staff from the UK to the EU following Brexit, as well as improved investment banking and trading sales, and a general increase in salaries.
Goldman Sachs moving bankers to the continent amid new rules / EU-based chaperones are now required for London pitches
More than 275 financial firms are moving a combined $1.2 trillion (£925 billion) in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.
More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.
Conference of European Rabbis has planned move from London for years, viewing need for its offices to be in heart of Europe; organization’s head says Germany is ideal location.
‘We lost about 10% of our revenue, which was clients leaving the UK for Europe’
We have been tracking the impact of Brexit on the banking and finance industry in the UK over the past few years, and our latest report makes for pretty sobering reading.
Bank of France chief claims ‘50 British entities’ have moved over the Channel, while Dublin, Amsterdam and Frankfurt have also benefited.
The City of London finds itself in a precarious situation. With the Brexit trade deal barely mentioning financial services, the flight of the United Kingdom’s financial industry to the European Union will be difficult to avoid.
Citing Brexit, the chairman of Pentland Group has relocated overseas according to The Times, who first reported the news.
Close to 59 per cent fashion brands have said that Brexit has impacted their business since the end of the transition, as per a recent report. About 25 per cent of the brands surveyed said they have considered relocating all or part of their businesses and 91 per cent of them want a visa that allows creative access to EU countries cheaply and quickly.
Brexit has forced the University of Cambridge – one of the world’s leading third-level institutions – to establish a unit in Ireland so that it can continue to engage in clinical trials research across the EU, the Irish Independent has learned.
The Brexit Job Loss Index is an attempt to keep track of the number of jobs lost in the UK due to Brexit.
Half of the channels available in Europe outside their country of origin (as defined by the European regulations) fell under UK jurisdiction in 2018, as opposed to only 10 per cent at the end of 2020.
London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.
The U.K.’s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc.
Brexit has resulted in Wallonia receiving almost €358 million in investments, while 539 jobs have been created in the region since the UK’s withdrawal from the European Union.
Amsterdam was one of the five place in the European Union most successful at luring British financial firms who were looking to establish a new headquarters office or hub because of Brexit.
The fragmentation of Europe's capital market due to Brexit has increased operating costs for banks to the point where some struggle to make their UK and EU hubs viable, a report showed on Tuesday.
As you may have noticed Jacob Rees Mogg Esquire – as no doubt he would style himself – has invited the public to submit suggestions on the theme of ‘Opportunities of Brexit’. I could not resist replying. Could I possibly suggest that you, after reading this, do the same?
"Would London lose out to Barcelona or Berlin or Stockholm or Amsterdam? The answer to those questions is a resounding "yes." Even smaller European tech hubs are taking talent out of London."
Paysend, a UK fintech with a focus in card-to-card consumer payments, has announced the opening of a Dublin office in order to access the EU’s Single Market.
First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’
SEI Healthcare Europe, a global professional independent medical education organization, has announced a major relocation from the United Kingdom to Malta ‘to better serve clientele’.
The UK’s biggest shellfish exporter says it’s opening an EU base to avoid paying up to £1 million a year in Brexit-related red tape.
The UK’s biggest shellfish exporter says it’s opening an EU base to avoid paying up to £1 million a year in Brexit-related red tape.
The UK’s decision to separate from the European Union continues to reverberate and is overwhelmingly negative, according to the latest review of the country’s pro-AV market in the May print edition of AV Magazine.
MPs were told that some fishing firms are looking at relocating parts of their operation to the European Union.
Amid uncertainty over a "no-deal" Brexit, a report shows banking and finance firms are moving more assets and staff from Britain to the EU than previously thought. Dublin and Frankfurt are among the top destinations.
Three years on, Brexit is still impacting both U.K. and Europe-based brands in luxury fashion. Niche and young brands, in particular, are having a hard time with the fallout, though many have secured manageable workarounds.
Swissquote Group Holding SA will likely shift its European retail business from London to Luxembourg following Brexit.
The number of Japanese firms in the UK fell by 12 percent between 2014 and 2019. / Brexit drove a shift in Japanese firms out of the U.K. and toward continental Europe, a report shows.
The boss of one of Britain's big retailers says Brexit has turned out to be "considerably worse" than he feared.
Three years on since the UK left the European Union (EU), a Midlands business owner has described the move as a "complete disaster". / Nic Laurens, who runs an abrasives supply firm in Shropshire, moved 90% of his company to the Republic of Ireland in order to remain in the EU.
Don't count on the delay to Britain’s departure making life any easier for the City of London as it prepares for a new regulatory reality.
The UK’s official departure from the EU took place on January 1, 2021. The Brexit roll-out, not unexpectedly, has been awash with problems.
On April 14, 2021, the Warsaw Institute, together with The Warsaw Institute Review quarterly, had the honor of hosting another online event – the Diplomacy Talks Series. The title of the discussion, moderated by the president of the Warsaw Institute, Tomasz Kijewski, was “BREXIT and its importance for Europe and the Polish diaspora in Great Britain and Northern Ireland”.
Robert Jenrick said he was disappointed with the decision, but Goodlife Foods said there was "no viable alternative".
Now that hiring has made a comeback in London banking circles, some recruiters are complaining of a new phenomenon: too little talent.
The British Chambers of Commerce has warned that the preparations by its members so far only represented the “tip of the iceberg”.
Fashion company boss says only way for many firms to survive as costs soar is to open bases in France, costing vital UK jobs.
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.
Study finds over £900 billion in bank assets and £100 billion in insurance funds have been moved from the UK to the EU.
The warning comes after a Glasgow-based, world-leading cancer expert said he was considering moving a major research project abroad because of a Brexit-linked impasse over EU funding.
P&O’s decision to ditch the British flag shows the decline of our rich seafaring tradition.
A government adviser told this British businessman to replant his company in the European Union because they have “no information” about what to do after Brexit deadline.
British meat processors are registering businesses in the European Union in order to bypass post-Brexit export delays, with flows just 50% of normal levels and costs soaring, the British Meat Processors Association (BMPA) said on Tuesday.
Daniel Lambert, who supplies M&S, Waitrose and 300 independent retailers, to set up in France after £150,000 hole in revenue.
Several banks and multinationals including Airbus, Nissan and Ford have in the past few months made moves to disengage from the UK fearing the impact a no-deal Brexit would have on their operations.
CBI appeals to Tory MPs to shift position to avoid a no-deal Brexit, or risk further harm to the economy.
The shareholding in the Irish firm is held on behalf of the chancellor, masters and scholars of the University of Cambridge.
Advisory firm Campbell Lutyens is opening a Paris office to maintain a foot in the European market following Brexit.
Head of Welsh CBI tells committee pharmaceutical firm has had to move production to Dublin.
Thermal Management Solutions will shift production from Reading to the Continent a year after being recapitalised by new investors, Sky News learns.
Carmakers are ramping up their preparations for a no-deal Brexit, with a host of major manufacturers moving regulatory approval for their vehicles from the UK to other parts of Europe.
Chubb European Group today announced that it has redomiciled its businesses from London to France effective 1 January, consistent with its previously announced Brexit preparations.
Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France.
The French capital will become a focus for the bank as it tries to recruit dozens of fresh staff.
One of Europe’s most prominent associations of Orthodox rabbis is moving its headquarters from London to Munich in a ripple effect from the United Kingdom’s withdrawal from the European Union.
Citigroup Inc. is preparing to shift more business into the European Union on the back of fresh guidance from regulators this week, a top banker in the region said.
City firms revealed in the final months of 2020 that they planned to shift nearly £100bn in assets to the EU, taking the total value of assets lost to the bloc since the Brexit vote to £1.3 trillion, according to a new survey.
Twenty companies have announced plans for no-deal scenario but true number could be higher. Financial services firms are preparing to move £800bn of assets out of Britain to Europe as part of Brexit contingency plans, a report has revealed.
Some 400 moves were announced in the last quarter, taking the total number of shifted roles since the 2016 referendum to 7,500.
Tracker from EY finds 44% of big UK financial services players are moving staff to bloc or considering it.
'After Brexit, we found ourselves in a position where we could not talk as easily to European clients, and now we can'. / Numis, the traditionally City-focused investment bank, is gearing up to compete with larger rivals in continental Europe after opening its post-Brexit office in Dublin.
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said on Friday.
Close scrutiny of UK financial firms’ European Union outposts will continue indefinitely, the bloc’s securities watchdog said, as regulators begin a round of new checks on how they are operating.
The Group chooses the Netherlands as its home member state.
Relocation to Amsterdam will give better access to European markets ‘regardless of Brexit outcome’.
Businesses are stockpiling goods or looking elsewhere amid the threat of a no-deal Brexit.
The Dutch government has lured 140 companies to the Netherlands since the Brexit referendum in 2016.
Speaking to Sky News, a former British ambassador to Japan noted the impact of Brexit, saying many companies are maintaining a presence in the UK, but moving the bulk of their operations to Europe. / Asked about the former ambassador's assertion, Labour's shadow environment secretary Jim McMahon told Kay Burley: "To some degree, it's a natural consequence of leaving the single market."
While the UK has now left the EU, Cronofy is about to re-join. The UK government's plans to weaken data privacy laws is the final straw.
The company first began operations in Belgium in 2021 due to what it calls the "challenges of Brexit" around shipping equipment to EU countries.
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.
Trade worth hundreds of billions has shifted from London to New York due to Brexit.
Deutsche Bank AG DB is transferring 100 bankers from the corporate banking unit in London to its offices in the EU and Asia. This move is part of the bank’s accelerated restructuring moves, on account of the U.K.’s exit from the European Union.
There is a “growing dissonance” between the ways financial technology (fintech) businesses are regulated in the EU and the UK, according to the compliance boss of Paysafe, a payment services firm.
Insisting that all will somehow be well if Brexit goes through now is an abdication of responsibility.
Dublin remains the most popular destination for UK financial services firms looking to relocate staff or operations as a result of Brexit, according to EY.
Dublin is expected to attract more financial services companies that are relocating from the UK because of Brexit.
Dublin is the favorite destination for finance firms moving jobs into the European Union after Brexit, according to a study by consultancy EY.
Brexit-related activity within the UK financial services market was muted over 2021.
A new survey shows that since the Brexit referendum, Dublin remains the most popular destination for staff relocations and new European hubs or offices.
Sony and Panasonic are among household names to be lured away with promise of access to EU markets.
Mark Rutte gives withering verdict as he warns against ‘devastating’ no-deal scenario.
UK financial services firms seeking to set up post-Brexit hubs in Amsterdam have been using the Covid pandemic as 'a welcome excuse'.
In the race for business lost by the City of London because of Brexit, Amsterdam’s stock market has surprised European rivals by carving out the biggest slice so far.
ITV News Anglia has been catching up with small businesses across the region to find out more about what the end of the UK's membership of the European Union has meant for their fortunes.
The European Central Bank said global lenders who set up units in the euro area after Brexit are still too dependent on operations outside the region, a conclusion that may lead some banks to move more staff into the bloc.
MPs have branded a post-Brexit shake-up aimed at boosting growth in the financial sector a "damp squib". / The Treasury Committee said since the "Edinburgh Reforms" package was set out, there has been little progress.
Europe’s medicines regulator has said it is temporarily cutting services as it will lose at least 30% of its staff as it relocates to Amsterdam during Brexit.
The European Medicines Agency (EMA) will physically relocate to the Netherlands in early March 2019.
"The equine business is being killed by Brexit,” Olympic gold medal-winning rider Nick Skelton told me last week. “It’s been catastrophic as far as the movement of horses to and from Europe is concerned.”
Dutch officials handed over a pair of clogs and the keys to the European Medicines Agency’s temporary base in Amsterdam on Wednesday as the watchdog prepares to leave London after Brexit.
The European Union's medicines' agency has started shifting its work from London to Amsterdam, in a concrete consequence of the looming Brexit.
The Operational Headquarters (OHQ) for EU NAVFOR is in the final stages of its move from Northwood, UK to Rota, Spain and to Brest, France. The handover will take place on the 29th March 2019.
The UK will lose command of the EU naval task force - set up to combat piracy off the coast of Somalia - as it exits the European Union.
Trade body Make UK adds to pressure on Rishi Sunak as it calls for reset of relationships with Europe. / Business leaders say frayed relations with the EU are costing the British economy, as suppliers in the bloc grow more cautious about doing business with post-Brexit Britain.
[BrexitDB NOTE: These agencies have now left the UK.] Wrangle around European Medicines Agency and European Banking Authority after Brussels insists they must leave UK.
The European Union’s chief Brexit negotiator rejected the U.K.’s latest proposals for financial firms to do business with the 27-nation bloc after Brexit, accusing Britain of trying to keep as many of the benefits of the single market as it can.
More than 7,000 finance jobs have moved from London to the European Union as a result of Brexit, down 400 from the total anticipated in December, consultants EY said on Tuesday.
Big Four accountancy firm EY is shifting its legal entity from London to Brussels as it braces for the UK’s exit from the European Union.
A Fife man named the UK’s best champagne retailer says the impact and commercial challenges of Brexit is leaving the company feeling flat.
Around half of senior finance executives polled by Big Four accountancy EY expected Brexit to drive more jobs out of London, despite prime minister Boris Johnson’s claims that the City remains an attractive destination for bankers to continue doing business.
Almost 40% of surveyed firms have opened offices outside the UK, the majority in the EU. / UK FinTech firms who predicted in 2018 that they would partly relocate their UK operations to the European Union after Brexit have largely followed through with their plans, according to new research published today in the journal Advances in Economic Geography.
Business leaders are urging the UK government to delay planned border checks on imports, warning some firms already face “existential” problems under new Brexit rules.
The Netherlands British Chamber of Commerce said they have been working “night and day” on inquiries from UK companies in recent weeks.
British fishing businesses could go bust or move to Europe because of post-Brexit trading disruption, industry figures have warned, writes the BBC.
British fishing businesses could go bust or move to Europe because of post-Brexit trading disruption, industry figures have warned.
British companies are moving their European bases to Belgium to manage the challenges posed by Brexit and are now trading with the EU from there.
Kirkland & Ellis has nailed its European antitrust ambitions to the mast in the wake of the UK’s exit from the European Union to launch an office in Brussels.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
Most of the London-based positions at BNP Paribas, Credit Agricole, and Societe Generale will move to Paris.
Frankfurt is booming and thousands of investment bankers are heading for the German financial capital as a result of Brexit. But can the city handle the influx? Its already fragile social structures are being stretched to the breaking point.
A new survey of UK and Netherlands firms shows two-thirds think our departure from the single market has had a negative effect
Almost three years after the United Kingdom's formal departure from the European Union, voters are turning sour on the 2016 decision to leave. A recent poll showed that 57% of voters view the departure from the EU as a mistake compared to the 52% who voted for the original Brexit referendum. So what changed?
The future of the UK's £34bn aerospace sector is at risk if ministers do not reach a deal with the European Union over the mutual recognition of parts, the aviation trade body ADS says.
Wholesaler Gardners is opening a separate sister company in France to mitigate the "frustrations, paperwork, and additional costs" for European customers since the beginning of 2021 due to the changes introduced by Brexit.
Broker opens first institutional-grade vault for gold moved to Dublin by investors.
Goldman Sachs Group Inc. is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit.
Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to the continent in the wake of Brexit.
Formal departure from EU leads US bank to shift staff to European hubs.
Goldman Sachs bolstered the number of staff working in the European Union by 21% last year, as Brexit continues to reshape banks' operations on the continent.
One of the UK’s most promising science-based start-ups has threatened to leave the country over what its boss called political “paralysis” and a lack of clarity in national industrial strategy.
Hogan Lovells is to open in Dublin joining a procession of international law firms to set up shop there in response to Brexit.
One of Scotland’s top cancer experts is considering moving a major research project abroad amid political turmoil and warnings that a Brexit-linked impasse over EU funding will starve universities of talent.
In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.
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.
Around 4,000 companies have set up shop in member state since UK left EU, prime minister says.
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.
We speak to makers, artists, galleries and small enterprises about their struggles with the new rules for Britain's trade with the EU.
Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.
The boss of the UK’s largest bank has warned banks and their clients will have to swallow higher costs if Brexit fragments the European financial market.
While Britain braces for its exit from the EU in March 2019, HSBC announced on Monday that seven of its Europe-focused offices will move from London to Paris early next year.
Ministers have signed off on an application to get the EU’s medium-range weather forecasting station relocated to Ireland.
A factory that employs around 500 people in Suffolk is to close down and Brexit has been blamed.
If we are to leave the European Union we want a sensible Brexit. There’s no chance of that just now. / "Brexit has paralysed the system. It has turned Britain into a laughing stock. And it is certain to make us poorer and to lead to lower incomes and lost jobs."
Smoothie maker Innocent Drinks has fallen into the red after splurging on a new purpose-built factory in the EU post-Brexit.
Only the EU member states are being considered to host a new European facility, says CEO Pat Gelsinger.
The boss of Intel says the US chipmaker is no longer considering building a factory in the UK because of Brexit.
Intel says Brexit means it is no longer considering the UK as the site to build a major new chip factory as part of its $95bn (£70bn) global expansion plans.
Intel is cutting the UK out of its European expansion plans based on the nation's decision to leave the EU, the world's biggest political and trading bloc.
As revealed in the EY Financial Services Brexit Tracker which monitors public statements made by 222 financial services firms, 36 financial services firms are considering or have confirmed relocating some UK operations and/or staff to Dublin.
Transfer to Brussels of securities deposits follows shift of share trading away from UK.
Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit.
The Irish fintech sector continues to blossom of late, boosted by a number of companies who have established operations here primarily as a hedge against Brexit.
This tale of two cities is less about a booming Brexit Britain and more about a government that continues to favour oil and gas firms even as Boris Johnson says the planet is at “one minute to midnight”.
Jaguar Land Rover is reportedly planning to cut around 5,000 jobs in the new year as it seeks to mitigate the impact of Brexit, the decline of diesel cars and slow sales in China. The move would save the company £2.5bn.
Japan's government has warned that Brexit could result in the country's firms moving their European head offices out of Britain.
The Japanese ambassador to the UK tells Sky News his country is "perplexed" by the UK's departure from the EU. / More Japanese companies may relocate away from the UK in the coming months if Britain does not seal a promising post-Brexit deal, the Japanese ambassador has warned.
Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal.
The number of UK-based Japanese firms fell by 12 per cent from 1,084 in 2014 to 951 in 2019, with most of the drop occurring during the politically tumultuous period following the Brexit referendum in June 2016.
Japanese government warns that the country's businesses with European headquarters in the UK may decide to transfer... to Continental Europe if EU laws cease to be applicable in the UK.
JD Sports Chairman Peter Cowgill said bureaucracy, red tape and delays in shipping goods to mainland Europe has meant the business is losing millions of pounds.
Peter Cowgill, executive chairman, said disruption in shipping goods to mainland Europe meant costs in the ‘double digit millions’.
Britain’s biggest sportswear retailer JD Sports Fashion is likely to build a distribution centre within the European Union and create around 1,000 jobs there to avoid paying post-Brexit tariffs, its chairman said on Tuesday.
U.K. sportswear chain JD Sports Fashion Plc said Brexit red tape has severely tested its operations and it’s opening new warehouses in the European Union to avoid the hassles of customs checks.
Finance firms have announced that about 7,600 jobs will move from the UK to the EU, according to a study by consultancy EY.
Jobs at JD Sports distribution centre in Rochdale could be under threat because of Brexit has turned out to be “considerably worse” than feared according to its Chairman Peter Cowgill.
JPMorgan Chase & Co. is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they’ll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.
JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe.
The French capital has gained one year on from Brexit, but cities such as Dublin, Amsterdam and Frankfurt have also emerged as winners.
Ashurst is the latest international law firm to establish an office in Dublin due to Brexit, following in the footsteps of, among others, Dentons, Burgess Salmon, DAC Beachcroft, DLA Piper, Pinsent Masons and Fieldfisher.
Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union.
Young bankers waiting to learn when or whether they might be relocated to the European Union can take some solace from the fact that oftentimes, their bosses also don’t know their own fate.
David Davis claims medicine and banking bodies will not have to leave Canary Wharf.
Numis Corp. will open an office within the European Union to pursue business that would otherwise be cut off after Brexit.
The U.K. and the European Union have yet to find a solution for the financial services industry after Brexit, and recent data suggests that Brussels may have the upper hand in negotiations.
ICE says EU contracts will shift from U.K. to Netherlands. / Traders had warned of cost and risk in post-Brexit London.
Dublin was been chosen as the most desirable place for jobs from London’s financial district, as 135 firms have relocated business to the Irish capital because of Brexit, according to new research.
Fund managers in London have already seen stock-trading upended by Brexit. Now, they worry they could be next.
A report from think tank New Financial says around 300 of a predicted 1,000 EEA firms will set up in the UK
The difficulties of relocating staff during a pandemic has postponed some finance jobs from moving out of London and into the European Union, according to EY.
Four international scientists explain how a grant debacle stemming from Brexit has affected their research and career plans. / UK science suffered a significant setback in June, when the European Research Council (ERC) confirmed that 143 UK-based researchers would forfeit their prestigious ERC grants unless they relocated to a country in the European Union.
Wealth managers seeking new bases from which to serve European clients have landed on Luxembourg, with the Grand Duchy seen as a natural successor to London.
More than 3,000 staff have either relocated or had new jobs created in the Grand Duchy due to Brexit, according to Finance for Luxembourg.
President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan's new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.
Household cleaning products firm McBride has confirmed its Barrow factory will shut down in the summer at a cost of 106 jobs.
UK meat businesses are considering setting up an EU base to bypass export problems, as meat processors continue to struggle to ship product to the continent, the British Meat Processors Association (BMPA) claims.
Daimler-owned brand looked into using Nissan’s Sunderland plant to manufacture cars
Bank of America Merrill Lynch is poised to move hundreds of London staff to Paris next week as it implements its Brexit plans.
Around half of senior finance executives polled by Big Four accountancy firm EY expected Brexit to drive more jobs out of London, despite Prime Minister Boris Johnson’s claims that London’s financial district (known as the ‘City’) remains an attractive destination for bankers to continue doing business.
Morgan Stanley Chief Executive Officer James Gorman said the bank expects to move 400 to 500 jobs out of the U.K as the nation breaks from the European Union. / “It’s net negative, there’s nothing particularly good about Brexit.”
85 per cent of UK businesses have restructured in the wake of January’s Brexit deal, and the majority believe leaving the EU has negatively impacted operations, according to a new report.
Exporters advised by Department for International Trade officials to form EU-based companies to circumvent border issues.
A year and a half after Brexit, investment banks are still grappling with evolving requirements to run capital markets deals for EU clients from within the bloc, with consequences for the job market there and in London.
Loss of 475 jobs expected near Newcastle as production of familiar brands moves abroad.
The Netherlands saw the biggest wave of Brexit-spurred moves to the country last year. More companies are likely to follow.
“The Netherlands is a great place to set up a business. They are ready to help and they sit next to so many key markets," one business owner said.
Industry draws link between politicians’ talk of crashing out of EU and firms losing clients. / A no-deal Brexit will be “commercial suicide” with tens of thousands of jobs already lost in the UK because of the political uncertainty, manufacturing representatives have said.
The Netherlands has lured 140 Brexit-wary companies since the 2016 referendum to quit the EU, it was claimed on Wednesday.
One in seven UK businesses is considering moving its HQ overseas into another European country in the wake of Brexit, according to a new survey.
The U.K.’s departure from the European Union has gifted the City of London’s European rivals with a once-in-a-generation opportunity to win back some of the business that has gravitated towards the Square Mile over the past few decades.
A company specialising in children’s sports clothing has relocated to avoid the costs and bureaucracy caused by leaving the EU.
Electronics maker looks to Amsterdam as Britain faces tax haven label
The success of Paris in luring banks from London after Brexit has exceeded expectations and is increasingly reflected in France’s balance of payments, the central bank said.
A growing tech company in Peterborough has opened an office in Holland in a bid to get round Brexit red tape.
The north-east fish processing industry could be relocated to Poland after Brexit, a trade expert has warned.
Philips is to close its factory at Glemsford in Suffolk and transfer operations to the Netherlands, putting 430 jobs at risk, amid continuing uncertainty around Brexit.
Somerset-founded architecture practice Invisible Studio is moving its operations outside of the UK as a response to Brexit, Dezeen has learned. / "Brexit has been a catastrophe," Invisible Studio said in comments on the survey. "The barriers are obvious but it it is the cultural loss that is even greater."
Around 4,000 British companies have taken up virtual residence in Estonia post-Brexit, Prime Minister Kaja Kallas (Reform) told the website of free London business paper City A.M., adding that Estonia has as a result benefited hugely from the United Kingdom's departure from the European Union.
Brexit-backing businessman Sir James Dyson is to relocate the Dyson head office from the UK to Singapore.
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
Architecture studio Rogers Stirk Harbour + Partners has announced it is setting up a European office in Paris to win work in the EU following Brexit.
Architect says base in French capital will act as gateway to Europe after ’profoundly regressive act’.
Rule changes and high costs have been cited for the move, leaving the Irish airline listed solely on the Euronext Dublin exchange.
A shift in equity trading to the EU from London, due to a regulatory dispute over how MiFID II’s share-trading obligation applies after Britain’s exit from the bloc, is unlikely to reverse, we believe, based on 1Q data and with U.K. plans to scrap the rule. U.K. trading venues appear protected, however, having established EU hubs before the Dec. 31 split.
One of Sheffield’s best known climbing brands has set up in Holland to avoid damage from Brexit.
Japanese drugmaker Shionogi will transfer its European headquarters from the UK to the Netherlands as a consequence of the Brexit, according to the Financial Times.
Up to £9.5bn-worth of UK exports to the EU between January and July have had tariffs placed on them despite “tariff-free” trade deal, analysis for Channel 4’s Dispatches shows.
For Britain's small and medium-sized businesses, trading with European nations used to be easy. After Brexit, that's no longer the case with the emergence of obstacles that didn't exist before.
It was billed as the rebirth of British business — a chance to build a brighter commercial future, free of costly bureaucracy. But Brexit is proving far from profitable for many UK small and medium-sized enterprises (SMEs).
“Through 2019, 140 companies opted to move to the Netherlands and we were talking to 250 companies, but that has now increased to nearly 500.”
Sony will move its European headquarters from the UK to the Netherlands to avoid disruptions caused by Brexit. The company said the move would help it avoid customs issues tied to Britain's exit from the EU.
In a statement, the company said: "We are now relocated in Europe." / “Sadly, due to Brexit and UK lockdown restrictions, we had to leave England to allow our business to survive and grow.”
Stellantis has warned it won’t be able to keep its commitment to building electric vehicles in the UK without changes to the Brexit deal.
The future of electric vehicle production in the UK is under threat unless the Government reworks the Brexit deal, Vauxhall parent Stellantis has warned.
Stellantis warned post-Brexit trading arrangements risk its operations in the country. / “If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close,” it said. / Rules of Origin requirements on batteries and EVs are due to be scaled up in coming years, with automakers facing 10% export tariffs.
Recent policy moves in the US and the EU threaten to leave the UK in the dust, Express.co.uk was warned.
Six supermarkets that provide three-quarters of Northern Ireland’s groceries have urged the UK government to take action to keep trade flowing when a Brexit grace period ends in October.
UK assembly line at standstill as pharmaceutical company sets up in Amsterdam and plans EU expansion.
IT specialist from former Yugoslavia says he didn’t want to be ‘trapped on an island descending into mindless tribalism’. / A tech developer with a successful London e-learning company has said he has already quit Britain after 10 high-flying years because of the uncertainty and “mindless tribalism” caused by Brexit.
The odds of crashing out of the EU with No-Deal are rising - and here's why that's a bit of a worry.
The City of London’s chief coping mechanism for dealing with Brexit’s threat to the financial services business is to dismiss the loss of jobs and investment as a trickle rather than a flood.
Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night.
The Brexit effect is easy to see in UK universities. A continuing failure to agree UK association with the Horizon Europe research programme has put eligibility to conduct EU-funded research in the UK in a precarious position, undermining international collaborations and prompting some academics to relocate to the mainland.
Yesterday, May 30, an important part of London’s influence in the European financial world quietly slipped away. The European Banking Authority (EBA) closed its Canary Wharf office. There was no press release, no news report, only a statement on its website giving its new address. On Monday, June 3, it will re-open in Paris, France.
This week I was contacted by a retired CEO of a major wine wholesaler. They, unbeknownst to me, had asked their local MP John Penrose (Weston-super-Mare, Somerset) if he thought it was acceptable that my wine business had been obliged to open a site in the EU to mitigate Brexit costs.
It has been a gloomy week on the sunlit uplands of sovereign Britain, as the only export that appears to be booming post-Brexit is the glut of UK companies rushing to set up in the EU.
Almost a third of UK companies could move operations abroad because of Brexit, a survey has suggested.
French oil giant Total SA is relocating a key part of its finance operation from London to Paris less than a month before Britain leaves the European Union.
Car giants Toyota and BMW have both warned a no-deal Brexit threatens the production of their cars in the UK.
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.
Aberdeen-headquartered TRAC International has said Brexit and inflation have led to heavy group losses led by its radio division.
Wales' automotive industry faces more challenges over future Brexit trade changes, according to experts.
SHAREHOLDERS in travel giant Tui have voted unanimously in favour of the company ditching its listing on the London Stock Exchange. / Tui, which is currently dual-listed in London and Frankfurt, announced last night that investors had voted by a large majority (98.35%) to quit the UK capital.
U.K. aerospace-industry trade lobby ADS warned that Britain could lose business to the European Union after the Brexit deal failed to resolve issues concerning design-approval for plane components.
Soaring energy costs and the continued fallout from the United Kingdom’s decision to leave the European Union have had a major impact on that country’s private/hybrid cloud data center outsourcing market.
Britain must work with other countries to prevent friction on medicine rules post-Brexit to avoid being sidelined by the global drug industry, according to a report from the U.K.’s biggest pharmaceutical lobby group.
The boss of a major UK manufacturing firm has told the BBC he is considering moving investment to the US or Europe due to new subsidies offered there.
'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'
UK steel companies have been operating at a significant disadvantage compared to their European rivals since the beginning of 2022.
A British wholesaler who supplies the UK retail market is moving his business to the South of France in order to mitigate Brexit redtape, which he says has cost his business £150,000.
Oldest P&I outfit will ‘lift and drop’ to Grand Duchy after 166 years as UK mutual insurer.
UniCredit SpA is planning to move most of its London-based trading staff to Milan as Chief Executive Officer Andrea Orcel looks to accelerate plans by the bank to shift more people to the continent after Brexit.
Post-Brexit Britain does not have the money or the political will to respond to challenges from the US and EU.
A Wales-based drugs manufacturer has been forced to move to Ireland because of Brexit, it has been claimed.
Brexit has led to around 4,000 UK companies setting up shop in the EU-member state of Estonia, mostly by registering for the country’s much-talked about e-residency scheme.
UK teams and riders face new regulations for working in Europe, including carnets, limited stays and possible work visas and permits.
Most of the fishing that takes place close to the west coast of Scotland is for shellfish, and most of the catch is exported to Europe.
City financial firms have so far committed to move at least 7,000 jobs and £1 trillion of assets out of the UK to prepare for Brexit, with the true cost likely to be higher, research has found.
The financial industry has started to trigger its contingency plans as a no-deal Brexit looks increasingly likely with just days to go until Brexit.
Financial firms will shift almost £800bn of assets from the UK to the Continent ahead of Brexit on 29 March, according to new analysis. / City firms have continued to relocate staff and assets away from London to Europe in the face of increasing uncertainty over the UK’s relationship with the EU.
As Brexit has created tough challenges for UK craft beer producers exporting to Europe, British companies have set up home in the mountains.
The decision by an automotive business to close its site due to uncertainty surrounding Brexit was described as the “the tremor that will lead to the Brexit earthquake” in the Welsh Assembly today.
The Daily Express is at it again, this time touting a non-existent Brexit benefit for Britain.
The initial phase of Brexit moves was just the beginning, say senior bank executives.
The SNP has described increased Brexit-related red tape as an “unmitigated disaster” with Scottish companies among hundreds that have rushed to establish operations in the EU since January 1, taking valuable jobs with them.
The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros.

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