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The Latest Breaking News from City

Reports of Stock Market’s death are exaggerated

City Comment: Plans to reform the City are needed, but on the way

Evening Standard

Boris backer Lord Cruddas loses £33 million as City trading house CMC Markets warns on profits

CMC said it had seen “subdued market conditions” this month, with revenue set to be down 20% on last year

Evening Standard

Recession fears grow and interest rate expectations decline after surprise slump in output

Upon seeing the data, City markets immediately discounted the likelihood of a half-point ‘jumbo hike’ from the Bank of England next month

Evening Standard

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The City needs an energy boost after losing Arm

City Comment: Like Arm, the City was once a world leader in its own field that Britain could be proud of. That is in danger of being lost

Evening Standard

UK borrows £4.3bn in July as monthly interest hits new record

The deficit was slightly lower than the £5 billion forecast by City economists and some said it could give Jeremy Hunt scope for a limited tax giveaway

Evening Standard

Excluding Farmer's Market Vendor for Refusing to Host Same-Sex Weddings on Its Land Violates Free Exercise Clause

So holds a federal court.

Reason

How stubborn is inflation? A little-known formula might have the answer

City Comment: Figures from the ONS say the “persistence” of inflation has barely moved since its peak earlier this year

Evening Standard

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Europe’s highest free viewing platform to open at top of City skyscraper

Horizon 22 on the 58th level of the 22 Bishopsgate tower - the tallest building in the City - will be launched on 27 September

Evening Standard

Balance gym's city location to close down after 'building sold'

It comes after the building was listed for sale.

Newcastle Herald

City watchdog to contact MPs and other PEPs to ask if they have been debanked

Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders

The Guardian - UK

How subtle forms of sexism in financial services led to recent City scandals – what research shows

When I first worked in the City of London, a few years out of university, a company-appointed “style consultant” suggested I would be taken more seriously as a female professional if I wore more make-up and exchanged my trousers for skirt suits.

The Conversation

What is London’s pitch to the world?

City Voices: Being an economic powerhouse isn’t what makes London one of the world’s best cities. It’s the other way around.

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

BTC issue: I will stick to PAC recommendation, says H.K. Patil

Minister for Law and Parliamentary Affairs H:K: Patil on Thursday said he would stick to the recommendations made by the Public Accounts Committee (PAC) of the State Legislature in 2020 on the cancellation of the Bangalore Turf Club (BTC) licence and development of the BTC area as a park on…

The Hindu

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Evening Standard

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

Evening Standard

City law firm Kingsley Napley is turning the lights off on Fridays. Will it catch on?

City Comment: The City is still largely in tumbleweed mode on Fridays

The Hindu

Suicide concluded as cause of student’s death

The City police have concluded the death of Class 10 student who fell from the building adjacent to the Bishop’s House in Pattom to be due to suicide.

Evening Standard

Despite HSBC blow, Canary Wharf’s future stays bright

City Voices: Canary Wharf will keep transforming

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Evening Standard

London Stock Exchange thrives and boss insists new trading platform “not a stitch up”

LONDON Stock Exchange Group gave firm evidence that the capital’s position as a global financial centre is safe even while share prices fall behind rivals and a dearth of new listings hits City profits.

Evening Standard

Next offers hope for the high street as consumer confidence rides high

NEXT fashioned another profit upgrade today, offering hope for the wider high street and reminding the City that it is one of the best run businesses in the UK.

Evening Standard

London-listed companies must find a new way to woo investors

City Voices: Companies need to stop whining about the lack of interest in their equities and build some

Evening Standard

London restaurants opening in August, from 64 Goodge Street to Origin City

From lobster vol-au-vents to World Cup-worthy tacos, Ben McCormack has the hottest August openings to book for the month ahead

The Guardian - UK

Nigel Farage says new Coutts boss has offered to keep his accounts open

Former Ukip leader is still taking legal action against bank demanding compensation and apology

The Guardian - UK

NatWest chair quitting over Coutts row would not be ‘helpful’, says City minister

Andrew Griffith backs Sir Howard Davies staying in post after resignations of chief executive and head of private banking arm

Evening Standard

Wealth manager WH Ireland cuts jobs after completing ‘urgent’ search for funds

WH Ireland successfully raised £5 million at a steep discount this morning, after warning it was in danger of collapse if it failed to do so

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