Tag Archives: Brexit:

Total moves finance department back to Paris due to Brexit, costs: CEO Patrick Pouyanne

French energy major Total will move its finance department back to Paris from London due to Britain’s impending exit from the European Union, and also to reduce costs, the firms Chief Executive Patrick Pouyanne said on Tuesday. The blue chip company caused an uproar in France when it decided in 2013 to move the 70-strong department from its Paris headquarters ... Read More »

As ‘Brexit’ Tensions Rise, E.U. Proposal Targets London Finance

Valdis Dombrovskis, a European Commission vice president, in Brussels on Thursday. “In the context of Brexit, we see that the situation is changing,” he said. CreditEric Vidal/Reuters European Union officials fired an opening salvo on Thursday in a “Brexit”-related dispute that could threaten London’s status as the undisputed financial capital of Europe and affect hundreds of trillions of dollars’ worth ... Read More »

UK: Brexit raises concerns about Erasmus+ future

The impact of exiting the European Union on higher education inquiry, which was launched in September last year, received 191 written submissions of evidence from organisations and stakeholders in the UK HE sector. Concerns were raised over the impacts of Brexit on students and staff at higher education institutions, ensuring the UK remains competitive in the European higher education landscape, ... Read More »

Pound falls on May’s Brexit comments

The value of the pound has fallen to a two-month low against major currencies after Prime Minister Theresa May signalled the UK would pursue a so-called “hard Brexit” from the EU. Sterling fell about 1% across the board. The only currency against which it gained ground was the Turkish lira. The Prime Minister told Sky News on Sunday that she ... Read More »

UK: Brexit raises concerns about Erasmus+ future

The impact of exiting the European Union on higher education inquiry, which was launched in September last year, received 191 written submissions of evidence from organisations and stakeholders in the UK HE sector. Concerns were raised over the impacts of Brexit on students and staff at higher education institutions, ensuring the UK remains competitive in the European higher education landscape, ... Read More »

Norway PM says UK lacks negotiating experience, fears ‘very hard Brexit’

Britain lacks experience in international negotiations due to its long membership of the European Union and this could slow talks on its departure from the EU, the premier of non-EU Norway said, adding that she feared “a very hard Brexit”. British Prime Minister Theresa May intends to launch by the end of March the two-year process of negotiations to leave ... Read More »

Irish foreign investment head sees firms’ Brexit decisions starting in Second quarter

Companies considering quitting Britain due to its departure from the EU are likely to start making investment decisions from the second quarter, the head of the agency competing to win foreign business for Ireland said on Tuesday. Industrial Development Agency Ireland has already fielded Brexit-related enquiries from more than 100 firms, a lot of which have progressed to site visits, ... Read More »

Britain’s EU envoy abruptly resigns just months before formal Brexit talks

Britain’s ambassador to the European Union, who sometimes clashed with London over its approach to Europe, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal Brexit negotiations. Ivan Rogers, Britain’s envoy to the EU, told staff on Tuesday that he would step down from his post early but did not explain his reasons ... Read More »

UK Supreme Court to decide Brexit trigger case as quickly as possible

Britain’s Supreme Court will decide as quickly as possible whether Prime Minister Theresa May can trigger Britain’s exit from the European Union by the end of March without parliament’s assent, its president said on Thursday. Last month, the High Court decided that May could not invoke Article 50 of the Lisbon Treaty, the EU’s exit clause, using executive powers known ... Read More »

Reuters poll – Brexit uncertainty to keep UK house price rises muted

British house prices will rise 2 percent next year, less than what is expected from inflation and held back by uncertainty around Britain’s decision to leave the European Union, a Reuters poll of analysts found on Monday. In a survey taken ahead of the June 23 referendum, house prices – the bedrock of UK consumer wealth – were expected to ... Read More »