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The Latest Breaking News from City

Tories fuelling ‘greed is good’ with lift of cap on bankers’ bonuses, says TUC

As cap is lifted on Tuesday, unions claim Rishi Sunak is following Liz Truss’s footsteps

The Guardian - UK

Nairobi Tops Lonely Planet’s Best Cities List For 2024, Beating Paris And Montreal

Nairobi Named Best City to Visit in 2024 by Lonely Planet, Showcasing Its Vibrant Culture And Wildlife Safaris

Zenger

Read the full NatWest report on ‘failings’ in handling of Nigel Farage account row

The report included aspects that City watchdog the FCA described as “potential regulatory breaches”

Evening Standard

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City watchdog: NatWest may have breached rules in Farage account controversy

The bank published a report today showing "serious failings"

Evening Standard

The Guardian view on bankers’ bonuses: the sky’s the limit (again)

Editorial: In the week that nearly 4 million Britons were reported to live in destitution, policymakers axed the cap on City pay. How’s that for a healthy society?

The Guardian - UK

Housebuilding slump will have impact on home ownership levels

City Comment: Jeremy Hunt’s proposals won't move the dial

Evening Standard

Sporting Declaration: Good riddance to the Supercars race

The controversial event divided the city, literally and metaphorically.

Newcastle Herald

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Fire department begins safety audit of rooftop restaurants, cafes in Bengaluru after Koramangala accident

The Fire and Emergency Services Department in Bengaluru has commenced the survey of rooftop restaurants, bars, cafe and other F&B businesses in the city to generate data on how many such establishments are operating without implementing fire safety measures. This comes after the Mudpipe cafe fire accident at Koramangala near Forum…

The Hindu

Inflation set to dip slightly as markets hope Bank of England interest rates have peaked

City experts expect the headline inflation rate to dip to 6.6%, the lowest rate since February 2022: the month Russia invaded Ukraine.

Evening Standard

Sexual harassment and misogyny in City go unchecked due to ‘fear factor’, says peer

Helena Morrissey tells MPs women in financial sector are nervous of speaking out and do not trust HR departments

The Guardian - UK

Mormon chapel to move into City as church-owned property fund looks to fill empty office space

Mormon church-owned property investment fund and registered charitable company Covent Garden IP said the change meant it didn’t make any monetary donations in 2022

Evening Standard

Wall Street bank boom shows gulf between New York and The City

JP Morgan boss warns: “This may be the most dangerous time the world has seen in decades.”

Evening Standard

Ex-Barclays boss Jes Staley banned from City over Jeffrey Epstein scandal

Bank to cancel almost £18m in pay and bonuses due former CEO, who also faces potential FCA fine of £1.8m

The Guardian - UK

Glasgow City 0 Brann 4: Hosts suffer heavy defeat in Champions League

It was difficult not to feel a pang of sympathy for the small voice that piped up from the Petershill stands; ‘Come on City, you can still do…

The National (Scotland)

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Evening Standard

International sushi day: the best value restaurants in London

High-end sushi joints own the city, but there are more affordable options too, says Josh Barrie

Evening Standard

OPINION - The London Question: Is this the answer to our housing crisis?

Rents are soaring, yet offices go unused in Canary Wharf and the City as we WFH. Can’t they be turned into new homes?

The Guardian - UK

‘A party for all businesses’: how Labour is courting industry

Firms rush to Liverpool conference as party launches City-friendly policies – and secures wealthy donors

Evening Standard

Small investors can’t stay bottom of the food chain

City Comment: The industry needs to change and is heading for a shake-up that is surely overdue

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Evening Standard

The City fund ‘dinosaurs’ still gobbling up billions for poor performance

The gap between good funds that offer value and bad ones is set to widen

Evening Standard

Metro Bank shares crash as City worries about fund raising plans

METRO Bank shares crashed 25% this morning as the City digested the latest blow to the lender – a plan to raise £600 million to shore up its finances.

Evening Standard

The City needs urgent reform or London shares will remain undervalued

City Voices: Most companies that floated in London in the last five years are under water

Chicago Sun-Times

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.

Evening Standard

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

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

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