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The Latest Breaking News from City

UK borrowing costs fall after early release of budget forecasts – as it happened

OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost £22bn

The Guardian - UK

Best Hero and City upgrades in Monsters are Coming!

Choose wisely.

Destructoid

FCA’s first deputy CEO calls for stronger grip on vital tech firms

Sarah Pritchard suggests City regulator will make use of oversight powers amid growing number of outages

The Guardian - UK

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FTSE 100 hits new high on electricity generator SSE spark and gold gains

The FTSE 100 index closed up 11.82 points, or 0.1%, at 9,911.42, a record closing peak.

Evening Standard

There is so much more to the stellar City than a crude count of the IPO tally

The rise of private equity and technology-led, asset-light firms means much of today’s value creation now happens outside the public markets

Evening Standard

Simpson's Tavern: Cloth restaurant team to open chophouse in historic City pub

Cloth Cornhill will honour the pub’s old traditions, its new owners said

Evening Standard

Major new City shopping destination opens near Liverpool Street

Launch of Broadgate mall comes 40 years after Margaret Thatcher opened City development

Evening Standard

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Top Earning Cities for Millennials Include Jersey City and Berkeley, Study Says

Across large U.S. cities, millennials earn an average of 8.8% more than the overall median household income, a new SmartAsset study found. But in some places, that gap is much wider, especially in cities like Jersey City, New Jersey, and Berkeley, California.

Benzinga

UK economic growth set to slump next year if income tax goes up, warns City forecaster

Research firm Morningstar slashes its GDP growth prediction from 1.5% to just 0.5% in 2026

Evening Standard

Karoline Leavitt says New York is Trump’s ‘home’ despite being a registered voter in Florida

The president has threatened to withhold funding to New York City if Democratic mayoral candidate Zohran Mamdani is elected

The Independent UK

Flight cancellations hit airports as Trump administration cuts services over government shutdown: Live updates

More than 800 flights within, into or out of the U.S. have been canceled for Friday

The Independent UK

Primark owner ponders spin-off and separate listing in possible boost to City

Chief executive George Weston said the outcome of the review could mean spinning off Primark as a separately-listed entity in the UK.

Evening Standard

City watchdog ‘nakedly’ siding with lenders on car finance redress, MPs say

Cross-party group says Financial Conduct Authority had been ‘patently influenced’ by concerns over profits

The Guardian - UK

‘The money machine is misfiring’: City blames Brexit for UK’s £20bn productivity headache

Poor output since the leave vote has landed Rachel Reeves with a bigger-than-forecast budget spending gap

The Guardian - UK

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Evening Standard

Another business bashing Budget from Reeves will kill City green shoots

The Chancellor must focus on attracting investment, which can only be achieved if sentiment is positive

The Guardian - UK

Fatty steaks and coffee with maple syrup: Erling Haaland lets us in on life at home

Manchester City forward shows he is a dab hand in the kitchen as he launches his YouTube channel

Evening Standard

Return of banker bonus bonanza fuels City pay boom as average hits £100,000

Abolition of banker bonus cap in 2023 has unleashed new six figure pay boom in the Square Mile

Evening Standard

The City must be protected from the malign threat posed by cyber crime

City of London Police coordinates the national response against fraud

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news in one place.

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Evening Standard

Rachel Reeves handed pre-Budget boost as inflation stays unchanged at 3.8%

Prices rose less steeply in September than the 4% that many City forecasters had feared

The Guardian - UK

Banks need stricter controls to prevent romance fraud, says City regulator

FCA cites study showing victims’ ‘red flags’ are often missed and calls for improved monitoring systems

Evening Standard

Gordon Ramsay Restaurants to dish up another London site

The celebrity chef’s firm revealed it will launch a new Bread Street Kitchen in the first half of 2026 at the 22 Bishopsgate skyscraper in the City.

The Independent UK

Gordon Ramsay to open up yet another London restaurant

The celebrity chef’s firm confirmed a new Bread Street Kitchen will launch in the first half of 2026

Evening Standard

Don't listen to the doomsters, London is the only city that rivals Silicon Valley on AI

Nowhere else brings together talent, world-class research, a thriving startup scene and deep financial muscle in the same way

The Guardian - UK

Car loan scandal victims may get average £700 payout from 14m loans, FCA says

City regulator unveils compensation scheme for motorists who bought cars via discretionary commission deals from 2007 to 2024

Evening Standard

London's IPO recovery gathers pace as digital bank Shawbrook reveals listing plans

Announcement is latest of flurry of flotation plans that has breathed life into the City’s new issues market

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