UK Companies

A U.K. Fund Starts to Recover From Brexit

Aug. 6, 2017 10:03 p.m. ET The iShares MSCI United Kingdom ETF (EWU) is enjoying renewed popularity. But much like the country it focuses on, it has encountered some turbulence over the past year or so, with the uncertainties surrounding the U.K.’s pending exit from the European Union weighing on investors. EWU is a $2.82 billion market-weighted fund, comprising mainly ...

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UK companies will face far tougher fines if they lose customers’ info in data breaches

youngthousands/Flickr (CC) LONDON — Companies that expose their customers information in data breaches could face far harsher penalties — including fines of up to 4% of their global annual turnover. On Monday, the British government announced plans to strengthen UK data protection law with the a new Data Protection Bill. Among the plans laid out in the bill is to ...

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FTSE 100 Firms Pay £15 billion a Year to Pensions – And It’s Not Enough

Over the past 10 years, FTSE 100 companies have funded their defined benefit pension plans with approximately £150 billion ($197 billion); however, the rising liabilities mean that the net accounting position has worsened, according to a recent report from investment consulting firm LCP. LCP’s 24th annual Accounting for Pensions report, titled “£150bn to Go Backwards,” found that the continued rise ...

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Directors step up loans to small UK construction firms to plug gap

By Esha Vaish (Reuters) – The directors of small British construction businesses are lending them more money to plug a funding gap as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday. Directors lent the companies 38 million pounds in 2015/16, up from 29.7 million pounds in 2013/14, said online finance market Funding Options, ...

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UK data bill to bring more protection and bigger fines

A new data protection bill will hand individuals vastly increased powers over the way their personal data are collected and processed, with big fines for organisations that fail to comply. The bill will bring into UK law the EU’s General Data Protection Regulation, the most sweeping overhaul of regulations governing personal data for more than two decades. The government said ...

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UK’s peer-to-peer lenders to be asked to reveal past defaults

The UK’s peer-to-peer lenders will soon have to give out detailed information about how much investors have previously lost on loans they arranged, as the financial regulator finally gets its teeth into the fast growing sector. The Financial Conduct Authority (FCA) has been consulting on potential regulation for the P2P sector since December after finding “evidence of consumer detriment” in the way ...

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Investors fear accounting arts being used to trigger big bonuses

Large investors fear FTSE 100 companies are using clever accounting techniques to trigger high executive bonuses and mask poor financial performance. The concerns come as research shows the difference between stated and adjusted operating profits for the UK’s top-100 quoted companies is at 51 per cent — the widest gap in a decade. In 2007 the split was just 15 ...

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Fears grow at UK companies over political risk surrounding Brexit

Boards at the UK’s largest public companies have become more worried about political risk after the June general election and as they face continuing uncertainty over the post-Brexit trading environment, according to research to be published on Monday. The most recent Boardroom Bellwether, conducted twice a year by ICSA, the governance body, in conjunction with the Financial Times, found that ...

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UK firms keen on areas outside Metro Manila | Business, News, The Philippine Star

MANILA, Philippines – MANILA, Philippines – More companies from the UK are looking to set up businesses in areas outside Metro Manila, driven by greater ease of doing business and opportunities from infrastructure development. In a briefing, British Chamber of Commerce Philippines(BCCP) executive chairman Chris Nelson said UK-based firms continue to express interest to do business in the Philippines, particularly ...

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