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The Latest Breaking News from City

Chicago needs a realistic ‘Welcoming City’ ordinance

The city should maintain its policy of non-cooperation with federal immigration authorities, Ald. Anthony Beale writes, but needs federal help to afford the rising cost of resettling asylum seekers.

Chicago Sun-Times

Vultures circle over UK firms where bargains are to be found

Fifteen UK stock market listed companies with a combined market value of nearly £170 billion could be vulnerable to takeover, analysis for the Evening Standard shows, in deals that would kick start the City and the moribund stock market.

Evening Standard

The ‘good old days’ of City M&A weren’t really all that great

City Comment: It’s easy to be nostalgic for the heydey of dealmaking, but many buyouts were hugely value destructive

Evening Standard

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London pubs help Shepherd Neame break records with tourists and commuters pouring back

Friday takings “not the disaster they were” as City workers and West End revellers return, says Britain’s oldest brewer

Evening Standard

Soaring new towers show the sky’s still the limit for the City

City Comment: It’s extraordinary in a time of hybrid working that the extra space on offer at these two soaring office citadels can be absorbed so easily.

Evening Standard

Financial Times returns to profit despite print circulation cut

The FT said it had “work to do in relation to race” after a rise in senior ethnic minority employees quitting the firm and an increase in its ethnicity pay gap

Evening Standard

Watchdogs need to be bold to boost diversity in the City

City Comment: The FCA and PRA’s words today are welcome, but progress has been slow

Evening Standard

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Back to your desks! City banks take tough stance on hybrid working

Demand for London office space has climbed with banks the most active, new research shows

Evening Standard

FCA draws up tougher rules to protect women from workplace abuse

Watchdog thought to be including guidance on its ‘fit and proper’ test for non-financial misconduct

The Guardian - UK

‘Imagine Westminster under water’: stricter tests needed to see how City copes with climate disasters

Sam Woods, head of the Bank’s financial stability watchdog, says lenders have only shown they can survive ‘slow burn’ changes to temperatures

The Guardian - UK

Guinness World Record attempt to tempt people back to the City

They are taking part in a bid to set a new record for the longest continuous game of padel tennis

Evening Standard

The return of the City suit

City Comment: Good news for retailers as men smarten up

Evening Standard

Priced out of your dream London location? Six under-the-radar areas with shared ownership homes

As the city’s hotspots get increasingly costly, here are some nearby neighbourhoods that have just as much to offer — but more appealing price tags

Evening Standard

City regulator warns insurance firms to make sure they are offering fair value

The FCA has identified evidence that some guaranteed asset protection products, an add-on to motor cover, may be failing to provide fair value.

The Independent UK

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Evening Standard

Why the M in M&G stands for ‘mediocre’

City Comment: Most M&G funds are firmly in the second division

Evening Standard

The Bank of England should be brave and pause interest rate rises

City Comment: Rate-setters should look past Wednesday’s inflation figures

Evening Standard

City watchdog claims data review shows no banks have closed accounts ‘primarily’ due to political views

The FCA added that, unlike in some other jurisdictions, “there is no right to an account in the UK”

Evening Standard

Out-of-work MPs are the last thing the City needs

City Comment: Headhunters seek City jobs for departing politicians

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Evening Standard

This new tech fund can help revive the London market for listings

City Voices: The figures show that we’re better at planting the seed than pouring on the fertilizer when the shoots are showing

Evening Standard

Explanatory plaques fixed to London statues linked to slavery

City of London Corporation will fix plaques to statues of William Beckford and Sir John Cass

Ballotpedia

Atlanta city officials not processing petitions submitted for police training facility referendum

Atlanta city officials are not processing signatures for a referendum petition regarding the construction of a police training facility, saying they were legally barred from processing the submitted signatures following a stay on a federal court injunction.

Evening Standard

It’s not vandalism to dream of reviving the Curzon Mayfair

City Voices: Contrary to how he’s being presented, Dan Zaum is not aiming to scrap the beloved Mayfair cinema

Evening Standard

Goodbye WFH: Staff at City banks are under pressure to return to the office

City Comment: A wind of change is blowing through the City of London: it’s back to the office, or else

The Conversation

Wealthy but worried: why the UK's top 10% are turning their backs on the rest of society

I feel fairly middle of the road and average, but objectively I know this is completely untrue. I am at the top of the income percentiles – though I also know I’m miles away from the very rich. Everything I earn goes at the end of the month: on school…

Evening Standard

How 2023 became the year of the wine bar

A new wave of wine bars is taking the capital’s coolest postcodes by storm and slaking the thirst of younger drinkers. Ben McCormack takes a sip

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