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The Latest Breaking News from City

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

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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

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

Evening Standard

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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

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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

Evening Standard

Hipgnosis fund sells $465m worth of songs as City doubts music investment model

Hipgnosis said it sold the tunes by artists like Shakira and Barry Manilow its share price didn’t reflect the value of the songs it owns

The Independent UK

Judge blames Atlanta officials for confusion over 'Stop Cop City' referendum campaign

A federal judge overseeing the case involving Atlanta activists’ referendum effort against a police and firefighter training facility has accused city officials of moving the goalposts on the signature-gathering campaign

Evening Standard

Bank of England likely to raise interest rates again after fast wage growth, but it could be the last hike

Today, City financial markets were pricing in the likelihood of a further hike at around 75%

Evening Standard

OPINION - The London Question: Can pedestrians be put first for once?

Virginia Woolf had it right: “The greatest pleasure of town life in winter is rambling the streets of London”. Except for winter, read any season you like. I am a street walker. My most pleasurable route to work is to get a bus to Aldwych then to make my way…

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