U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.

Nationwide Delays SMB Account To Build Bank-Switching Tool
Nationwide Delays SMB Account To Build Bank-Switching Tool
March 03, 2020  |  B2B Payments

Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for...

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Sage Exits Latin America Amid Cloud Transition Growing Pains
Sage Exits Latin America Amid Cloud Transition Growing Pains
March 03, 2020  |  B2B Payments

The British accounting software company Sage is offloading its operations in Brazil in a deal estimated to be valued at £1 million, plus deferred consideration...

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CMA Chair Says Regulation On Big Digital Mergers Has Been Lax
CMA Chair Says Regulation On Big Digital Mergers Has Been Lax
March 03, 2020  |  ANTITRUST

Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), a competition regulator in the U.K., said his fellow regulators have been too soft on...

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Bankers Call For Overhaul Of RBS Fund Program
Bankers Call For Overhaul Of RBS Fund Program
March 02, 2020  |  B2B Payments

Bankers in the U.K. are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced...

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TCC Group Bids For Tesco’s Asia Stores
TCC Group Bids For Tesco’s Asia Stores
March 02, 2020  |  Retail

To purchase the Asian assets of U.K. grocer Tesco, Charoen Sirivadhanabhakdi, one of the wealthiest men in Thailand, has obtained almost $10 billion in financing...

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UK Moves Closer To Big Four Accountancy Breakup
UK Moves Closer To Big Four Accountancy Breakup
March 01, 2020  |  B2B Payments

The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte,...

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Virgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money, Lloyds To Cut 1,200 Jobs
February 27, 2020  |  Personnel

Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to cut 780 more...

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Brink’s Closes $860M Deal For Majority Stake In G4S
Brink’s Closes $860M Deal For Majority Stake In G4S
February 26, 2020  |  Partnerships / Acquisitions

Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million), The Brink’s Company...

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Walmart Looks For Partners In UK Grocer Asda
Walmart Looks For Partners In UK Grocer Asda
February 26, 2020  |  Retail

Walmart and its U.K. supermarket arm Asda are reportedly looking for an investment from a third party, after a failed attempt to merge with competitor...

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