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The Latest Breaking News from City

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.

Evening Standard

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.

International Business Times UK

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

Evening Standard

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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.

AAP

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

The Independent UK

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.

Evening Standard

Authenticity? Farage’s Cameo scandal reveals him for what he really is: a performer dancing in the gutter

Taking money from just about anyone is just the latest example of Reform’s leader following the Trump school of self-enrichment, says Guardian columnist Gaby Hinsliff

The Guardian - UK

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Moment undercover police swoop on bag thieves preying on City pub drinkers in Leadenhall Market

Thieves acted so fast victims didn’t know their possessions had been taken, detectives said

Evening Standard

The Wolseley launches flagship hotel in New York City after culinary glory in London

The luxury hospitality brand will expand from the Big Smoke to the Big Apple

Evening Standard

MLS weekend wrap: Orlando City lost a game, a goalie, and A Griezmann?

Cristian Espinoza is fitting right in at Nashville, RSL’s kids are alright, and more from the MLS weekend

The Guardian - US

The great central London office crisis

Far from being killed off by the pandemic, the office is back — so much so that the City is running out of space...

Evening Standard

Heathrow-bound flight leaves Abu Dhabi as stranded Brits rescued from Middle East conflict

The Government of Dubai confirmed some planes would be permitted to take off from the city from Monday evening

Evening Standard

Survivor of financial abuse invited to advise ministers after Guardian report

City minister Lucy Rigby acts after woman faced repossession of house burned down by controlling husband

The Guardian - UK

Dramatic image reveals the forest of new skyscrapers that will transform City skyline by 2032

New office space equivalent to more than 10 Gherkins was approved by City planners last year

Evening Standard

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Evening Standard

£9.9bn takeover by US rival to end Schroders’ decades-long London listing

The City stalwart is being sold to Nuveen, bringing an end to its lengthy listing on the London Stock Exchange.

Evening Standard

City stalwart Schroders bought by US investment firm in £9.9bn deal

Schroders was founded in 1804 and was one of few old City names to retain its independence

Evening Standard

London Stock Exchange HQ to undergo major refurbishment

A spokesperson for the group said the works ‘will create outstanding facilities for our people and our customers’ in the City

The Guardian - UK

Santander takes fresh swipe at City watchdog as its car loan scandal bill tops £460m

UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US

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The Guardian - UK

A whiff of familiarity in Mandelson’s 2009 collusion with the banks

For Labour veterans of the financial crisis the Epstein files revealed a betrayal – but 16 years on, is the City calling the shots?

Evening Standard

'Transformational': Liverpool Street station redevelopment gets glowing review from City planners

But the owners of the five-star Andaz hotel say the scale of likely disruption is ‘simply unmanageable’ and want scheme rejected

Evening Standard

Plans to convert Art Deco Ibex House into 382-room hotel approved by City of London council

Ibex House, the Grade II-listed building at 42–47 The Minories, will be transformed into a 382-key full-service hotel by developer Dominus

Evening Standard

Klepto capital: How London became a dirty money hub

Kleptocrats and fraudsters of the world have been washing their illicit billions in the city. Rachael Burford looks at how we can clean up our reputation as a global laundromat

Evening Standard

Liverpool Street redevelopment will cause 'decade of chaos' - as officials recommend approval

City Corporation sets February date for planning decision as campaigners warn UK’s busiest train station will be construction site for seven years

Evening Standard

Police swoop on prolific bag thieves targeting hotels in City of London

Undercover unit arrest four men - aged 33, 42, 45 and 56 - who remain in custody, a force spokesman said

The Guardian - UK

City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandal

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