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The Latest Breaking News from City

NatWest plays it safe with new chairman Rick Haythornthwaite

Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco

The Guardian - UK

London is a major reason for the UK's inequality problem. Unfortunately, City leaders don't want to talk about it

In recent years, there has been growing evidence that the UK economy is in poor shape. While the latest economic figures suggest it performed better as the COVID pandemic receded than was previously reported, the performance of sectors such as manufacturing, construction and agriculture has been revised downwards, leading some…

The Conversation

Philadelphia voters to decide measure on making Office for People with Disabilities a permanent part of the city charter

The Philadelphia City Council unanimously passed a charter amendment in June, referring it to the Nov. 2023 ballot, that would make the Office for People with Disabilities a permanent part of city government by making it a part of the city charter.

Ballotpedia

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Thirteen-year wage dispute between NYC and Staten Island ferry workers set to end

Ferry captains, mates and engineers appear to be reaching deal after more than a decade without a union contract with the city

The Guardian - US

The City must not miss out on crypto

City Comment: The initial moves are likely to made in Dubai, Singapore or Abu Dhabi, but there’s a chance for London to grab global leadership

Evening Standard

Canberra's best restaurant of the year has been named

How many of these award-winning places have you been to?

The Canberra Times

City fears over Superdry grow as shares tumble

SUPERDRY shares resumed trading today after being suspended over an accounting snafu – and immediately plummeted.

Evening Standard

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New York City and state fight over foie gras ban

Mayor Eric Adams pushes for ban but animal rights activists say Governor Kathy Hochul is ‘in the pocket’ of the industry

The Guardian - US

Superdry is still standing – but a turnaround from here would be a tall order

Co-founder Julian Dunkerton’s faith is undimmed despite £148m loss and City view that ‘execution risk remains high’

The Guardian - UK

City regulator analysing savings providers’ ‘fair value’ assessments

Following concerns that not all savers are getting good deals, the FCA required nine firms to provide assessments of what value their savings offer.

The Independent UK

Trans activist Sarah Jane Baker found not guilty of encouraging violence with ‘punch a Terf’ speech

A transgender activist who told the crowd at a London Pride event to “punch a Terf” has been cleared of encouraging violence after telling a court it was a stunt for publicity.

Evening Standard

The Tories let the City run out of control. Now Labour plans to repeat their mistakes

Deregulation and financialisation cause environmental, economic and social harms – but the party aims to give finance even more power, says Mick McAteer, co-director of The Financial Inclusion Centre

The Guardian - UK

‘Long overdue’ City shakeup to boost growth firms and unleash investment in unicorns of tomorrow

New venue launched by JP Jenkins and Winterfloods for unlisted securities

Evening Standard

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

The Guardian - US

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Evening Standard

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

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

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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

Reason

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

So holds a federal court.

Evening Standard

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

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

Newcastle Herald

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

It comes after the building was listed for sale.

The Guardian - UK

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 Conversation

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.

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