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The Latest Breaking News from City

Brexit at 10: How Britain's financial sector recovered and evolved

Post-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some positions have relocated to the EU, the financial industry thrives on increasing interest rates and deregulation. Nevertheless, the UK's attractiveness to investors is diminishing, and forecasts indicate its economic productivity will fall…

The Economic Times

Dame Kelly Holmes awarded the Freedom of the City of London

The Olympic champion received the accolade ahead of attending a Pride event where she was the guest of honour

Evening Standard

Police ‘VAR’ targets bag snatchers stealing from World Cup fans in London pubs

The City of London Police have released footage of bag thieves as they warn against an influx of theft during the World Cup tournament

Evening Standard

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Sadiq Khan takes on Trump and Vance as he launches £7m campaign to battle ‘scourge’ of disinformation about London

Mayor of London says city subjected to ‘unprecedented attack of lies and hatred’ on social media

The Independent UK

Car finance payouts could be delayed by years over legal challenges, says FCA

Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdog

The Guardian - UK

City of London towers next to Barbican approved despite 1,000 objections

The approved One Silk Street scheme will see the current site replaced with a 20-storey block

Evening Standard

Aston Villa’s Ollie Watkins spoils Guardiola’s Manchester City leaving party

Pep Guardiola’s final game in charge of Manchester City ended with a loss as Ollie Watkins cancelled out Antoine Semenyo’s goal before scoring again for a 2-1 win for Aston Villa

The Guardian - UK

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Moment prolific shoplifter casually stuffs bottles of perfume into his pockets in central London

Paul Michael Whitehead was swiftly apprehended by police moments after stealing several bottles of perfume from a shop in the City of London

Evening Standard

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors

The Guardian - UK

Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator

Shares in Spire Healthcare jump after approach from Toscafund, founded by City figure known as ‘the Rottweiler’

The Guardian - UK

City regulator reviewing whether APRs help consumers understand borrowing costs

The Financial Conduct Authority said that to help people navigate their financial lives, it is asking for views on whether there is a better way.

Evening Standard

City firms bank on ‘Savvy Squirrel’ advertising campaign to push Britons towards investing

The campaign is part of government initiative to boost financial risk taking, amid fears UK growth is being stymied

The Guardian - UK

City watchdog faces legal action over £9.1bn car finance compensation scheme

Consumer Voice is to apply to the upper tribunal for a review of the scheme.

Evening Standard

City watchdog faces legal action over £9.1bn compensation scheme for car loan victims

Exclusive: Lawyers for group Consumer Voice notified FCA they are challenging redress scheme as inadequate

The Guardian - UK

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Evening Standard

Businessmaxxing: the (many) sectors where London rules the world

Finance! Fashion! Filmmaking! And a whole lot more — the capital leads the globe in countless commercial fields, from the ancient to the cutting-edge, writes Jonathan Prynn

The Times of India

'K Pop Demon Hunters' and 'Wheels on the Bus': Obama meets Mamdani for first time in Bronx - Watch

Former President Barack Obama and New York City Mayor Zohran Mamdani met for the first time on Saturday, reading to children and leading a sing-along of "Wheels on the Bus" at a Bronx pre-K center.

The Texas Tribune

Houston to consider repealing ordinance limiting its ICE cooperation amid state funding threat, investigation

Gov. Greg Abbott’s office told Houston Mayor John Whitmire Monday that the state will withdraw $110 million in funding if the city doesn’t axe the ordinance.

Evening Standard

City Arts, bar review: Go Austin Powers into the wee hours

In search of late-night London? Follow the butt plugs, says Josh Barrie

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The Guardian - UK

City veteran Ian Cheshire chosen to be new chair of Ofcom

Former Channel 4 chair and boss of Kingfisher to be appointed at crucial time for UK’s media regulator

Evening Standard

Iran ceasefire relief sends shares soaring and energy prices sharply down

The stock market soared today as a relieved City cheered the ceasefire in the Middle East and oil prices slumped.

International Business Times UK

Sarah Ferguson Stripped of Freedom of the City of York over Jeffrey Epstein Friendship

Sarah Ferguson, former Duchess of York, loses her Freedom of the City title due to ties with Jeffrey Epstein, following a unanimous council vote.

Evening Standard

Legal challenge over plans to demolish former Museum of London to build office blocks fails

Campaign group Barbican Quarter Organisation (BQO) claimed the City of London Corporation failed to properly consider alternative schemes

AAP

Mayor denies assault and 'looks forward' to court date

An inner-city mayor accused of assault says he will fight the claims with "heaps of witnesses" at a contested hearing.

The Independent UK

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

Evening Standard

Later life mortgages to be put under spotlight by City regulator

Lifetime and retirement interest only mortgages could play a greater role in future, the Financial Conduct Authority said.

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