Steris PLC, a company with $2.6 billion in annual revenue, is planning to redomicile from the UK to Ireland due to Brexit. What that means is that, as an Irish company, the Irish tax authorities will collect its taxes going forward and not HMRC. 2/50
https://t.co/pSCw7Hin91
8 health providers have warned of medicine shortages in the event of a no-deal Brexit: "we do not believe that the current medicine supply plans will suffice, and we will have widespread shortages if we do not respond urgently." 3/50
https://t.co/iXMaCdww00
Pfizer - $100 million on Brexit prep:"Pfizer’s preparations are well advanced to make the changes necessary to meet EU legal requirements after the U.K. is no longer a member state, especially in the regulatory, manufacturing and supply chain areas." 4/50
https://t.co/zv8xUEVC2W
AstraZenica estimates its Brexit-related costs at £40 million for duplicate drug testing requirements, and building up product stockpiles. 5/50
https://t.co/vmeA5RcbVg
Chubb (world's largest publicly traded property and casualty insurance company) is redomiciling from the UK to France. It has already received permission from the french regulator, and aims to complete its move on 1 January 2019. 6/50
https://t.co/LcGNUOoyoF
Columbia Threadneedle switched £6.2 billion worth of assets from UK domiciled funds to Luxembourg domiciled funds 7/50
https://t.co/2XrQQYUGrf
Liberty Specialty Markets is redomiciling its insurance company from the UK to Luxembourg 8/50
https://t.co/SDwotkuknM
Admiral Group is planning to move some of its UK business from Admiral Insurance Company Limited to an entity in Spain, Admiral Europe Compañía de Seguros, S.A, that was set on 20 December 2017. 9/50
https://t.co/MfoWkj6Qps
A ferry company has brought in 2 new ships, including the "Brexit Buster" ship Celine (600 truck capacity, world's largest short sea roll-on roll-off ferry). Idea is to bypass the UK and send freight directly from Ireland to Belgium and Spain. 10/50
https://t.co/S7IgpggYwj
SwissQuote cancelled its expansion plans in London after Brexit, and instead bought a bank in Luxembourg [article in French] 11/50
https://t.co/oKEcWYM5NT
SwissQuote cancelled its expansion plans in London after Brexit, and instead bought a bank in Luxembourg [article in French] 11/50
https://t.co/oKEcWYM5NT
Bank of America has spent between $300 and $400 million preparing for Brexit, including establishing new subsidiaries in Paris and Dublin, moving staff etc. Exact cost not yet clear as project is ongoing. 16/50
https://t.co/dROzbJx2Xv
So many firms are stockpiling food against the disruption of Brexit that a cold storage company has now completely run out of room... 17/50
https://t.co/WDx2dxwA51
Brexit is killing a crucial source of tech funding: "Funding for UK tech firms by the European Investment Fund (EIF) fell by 91 per cent during 2017 to €61.1m (£53m) compared with €708.8m the previous year." 18/50
https://t.co/3e7UznPEbi
Government has spent £5.5 million keeping Manston Airport open in case it's needed as additional overflow lorry parking after Brexit. 22/50
https://t.co/CSMj5sVRRB
Corporate Sterling-denominated bond sales have slumped 34% this year, as companies put off investing in the UK due to Brexit uncertainty. 23/50
https://t.co/lkVT14YhLF
European Medical Agency (EMA), Europe's medicines regulator, is moving from London to Amsterdam. It used to employ close to 900 people in London. It's had to cut its short-term service offering as it will lose at least 30% of staff during the move. 26/50
https://t.co/zN8lndkpgm
A major financial firm, CME Group's BrokerTec, is leaving London for Amsterdam because of Brexit, taking its $240 billion/day repo market with it. 30/50
https://t.co/5Bazyd7EMS
Project fear hey, the wheels aren't in motion for billions of pounds to move from the UK to various EU locations, this is all just made up.