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The Latest Breaking News from City

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard

Close Brothers shares plunge as it scraps dividend over City watchdog car finance probe

Close shares crashed 17% today, off 68p at 330p

Evening Standard

Surprise fall in food prices raises hopes for interest rate cut

City markets are now pricing in a 55% likelihood the Bank of England will start cutting rates as soon as June.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

US north-east braces for heavy snow as powerful nor’easter approaches

New York City closes public schools ahead of storm as meteorologists predict snowfall rate of 2in an hour

The Guardian - US

City M&A boom continues with £4 billion warehouse merger

It came after two deals last week that were also big enough to have implications for the FTSE 100

Evening Standard

Charbonnel et Walker chocolate sales jump as City office return picks up

Upmarket chocolate company Charbonnel et Walker has enjoyed a sweet 31% turnover leap, with the brand helped in part by the City getting busier as more customers returned to offices.

Evening Standard

Sydney spurn chance to top ALW, Victory, Mariners draw

Sydney FC have drawn 0-0 with ALW leaders Melbourne City while Emily Gielnik inspired Melbourne Victory's comeback in a 1-1 draw with Central Coast.

AAP

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The UK economy could already be in recession – we’ll find out tomorrow

City braced for verdict on recession as D-day for economic data looms

Evening Standard

Where to now? Pressure builds for long-term city police solution

The city is leaking - wet spots shared by police and offenders.

The Canberra Times

Hopes of City dealmaking rebound as FTSE 100 packaging firm gets 'preliminary' mega-merger approach

The announcement comes just a day after a huge housebuilding takeover was announced, and would eclipse that deal in size

Evening Standard

Soames shows the Churchill spirit needed to rescue the CBI

City Comment: Restoring the business lobby group’s reputation is a long and arduous road

Evening Standard

High-flying City financier high on cocaine before mystery Chelsea death fall

Christopher Coe was high on cocaine when he fell to his death from the top of the Chelsea apartment block where he lived

Evening Standard

'Not fit for purpose': City Police Station staff moved out

Water damage forces staff to move for the 'foreseeable future'.

The Canberra Times

City job cuts are here, but the Square Mile will evolve once again

City Comment: The P45s will be flying this year but the shake-out is unlikely to harm London’s long-term prospects

Evening Standard

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Evening Standard

UBS aims for higher cost cuts increasing City job fears at Credit Suisse

UBS dramatically increased the cost cuts it expects to make from merging with Credit Suisse today, increasing fears that City job losses will be even worse than first planned.

Evening Standard

CMC to cull 200 as fears mount of City jobs axe

Growing fears of a mass City jobs cull rose today when spread betting house CMC Markets said it would axe 200 jobs -- 17% of its headcount. Replicated across the Square Mile that would be tens of thousands of jobs.

The Guardian - UK

Conflict of interest row greets new boss of watchdog for City regulators

Campaigners criticise Rachel Kent’s decision to remain part-time partner at law firm advising finance clients and UK government

The Guardian - UK

Labour mustn’t be starry eyed about its whirlwind romance with big business and the City

Like bees to a honey pot, corporate Britain is swarming in the direction of power

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Evening Standard

Make way for new offices — London has enough ugly bits to knock down

City Comment: Ceaseless reinvention is a key part of what make London such a compelling world city

Evening Standard

The demise of home working has triggered a new race for office space in London

A shortage of new and refurbished buildings is leading to higher office rents in the City and West End, says Knight Frank report

Evening Standard

Bank of England leaves interest rates on hold at 5.25%

City forecasters do not expect the first cut in the cost of borrowing until May or June

GamesRadar

Is Suicide Squad Kill the Justice League canon to Arkham?

Is the Suicide Squad game a sequel to Arkham Knight, City and Asylum?

Evening Standard

Labour makes surprise 25% corporation tax pledge in new City charm offensive

Party also vows to get more women into boardrooms, saying financial services can't thrive by 'ignoring the talents of half of the workforce'

International Business Times

Flutter Eyes US Listing Switch In New Post-Brexit Blow

Online betting giant Flutter this week took the first step to switch its main listing from London to New York, in a fresh post-Brexit blow to the City finance district.

Evening Standard

HSBC hit with huge fine by watchdog over customer deposits

HSBC suffered another serious blow to its reputation today when it was whacked with one of the heaviest fines ever handed out by the City regulator.

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