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The Latest Breaking News from City

Superdry is still standing – but a turnaround from here would be a tall order

Co-founder Julian Dunkerton’s faith is undimmed despite £148m loss and City view that ‘execution risk remains high’

The Guardian - UK

City regulator analysing savings providers’ ‘fair value’ assessments

Following concerns that not all savers are getting good deals, the FCA required nine firms to provide assessments of what value their savings offer.

The Independent UK

Trans activist Sarah Jane Baker found not guilty of encouraging violence with ‘punch a Terf’ speech

A transgender activist who told the crowd at a London Pride event to “punch a Terf” has been cleared of encouraging violence after telling a court it was a stunt for publicity.

Evening Standard

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The Tories let the City run out of control. Now Labour plans to repeat their mistakes

Deregulation and financialisation cause environmental, economic and social harms – but the party aims to give finance even more power, says Mick McAteer, co-director of The Financial Inclusion Centre

The Guardian - UK

‘Long overdue’ City shakeup to boost growth firms and unleash investment in unicorns of tomorrow

New venue launched by JP Jenkins and Winterfloods for unlisted securities

Evening Standard

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

The Guardian - US

Reports of Stock Market’s death are exaggerated

City Comment: Plans to reform the City are needed, but on the way

Evening Standard

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Boris backer Lord Cruddas loses £33 million as City trading house CMC Markets warns on profits

CMC said it had seen “subdued market conditions” this month, with revenue set to be down 20% on last year

Evening Standard

Recession fears grow and interest rate expectations decline after surprise slump in output

Upon seeing the data, City markets immediately discounted the likelihood of a half-point ‘jumbo hike’ from the Bank of England next month

Evening Standard

The City needs an energy boost after losing Arm

City Comment: Like Arm, the City was once a world leader in its own field that Britain could be proud of. That is in danger of being lost

Evening Standard

UK borrows £4.3bn in July as monthly interest hits new record

The deficit was slightly lower than the £5 billion forecast by City economists and some said it could give Jeremy Hunt scope for a limited tax giveaway

Evening Standard

Excluding Farmer's Market Vendor for Refusing to Host Same-Sex Weddings on Its Land Violates Free Exercise Clause

So holds a federal court.

Reason

How stubborn is inflation? A little-known formula might have the answer

City Comment: Figures from the ONS say the “persistence” of inflation has barely moved since its peak earlier this year

Evening Standard

Europe’s highest free viewing platform to open at top of City skyscraper

Horizon 22 on the 58th level of the 22 Bishopsgate tower - the tallest building in the City - will be launched on 27 September

Evening Standard

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Newcastle Herald

Balance gym's city location to close down after 'building sold'

It comes after the building was listed for sale.

The Guardian - UK

City watchdog to contact MPs and other PEPs to ask if they have been debanked

Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders

The Conversation

How subtle forms of sexism in financial services led to recent City scandals – what research shows

When I first worked in the City of London, a few years out of university, a company-appointed “style consultant” suggested I would be taken more seriously as a female professional if I wore more make-up and exchanged my trousers for skirt suits.

Evening Standard

What is London’s pitch to the world?

City Voices: Being an economic powerhouse isn’t what makes London one of the world’s best cities. It’s the other way around.

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Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

The Hindu

BTC issue: I will stick to PAC recommendation, says H.K. Patil

Minister for Law and Parliamentary Affairs H:K: Patil on Thursday said he would stick to the recommendations made by the Public Accounts Committee (PAC) of the State Legislature in 2020 on the cancellation of the Bangalore Turf Club (BTC) licence and development of the BTC area as a park on…

Evening Standard

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

Evening Standard

City law firm Kingsley Napley is turning the lights off on Fridays. Will it catch on?

City Comment: The City is still largely in tumbleweed mode on Fridays

The Hindu

Suicide concluded as cause of student’s death

The City police have concluded the death of Class 10 student who fell from the building adjacent to the Bishop’s House in Pattom to be due to suicide.

Evening Standard

Despite HSBC blow, Canary Wharf’s future stays bright

City Voices: Canary Wharf will keep transforming

Evening Standard

London Stock Exchange thrives and boss insists new trading platform “not a stitch up”

LONDON Stock Exchange Group gave firm evidence that the capital’s position as a global financial centre is safe even while share prices fall behind rivals and a dearth of new listings hits City profits.

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