The Latest Breaking News from City

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 · Aug 25, 2023

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 · Aug 23, 2023

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 · Aug 22, 2023

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

It comes after the building was listed for sale.

Newcastle Herald · Aug 15, 2023

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 Guardian - UK · Aug 14, 2023

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.

The Conversation · Aug 14, 2023

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.

Evening Standard · Aug 14, 2023

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

Evening Standard · Aug 11, 2023

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…

The Hindu · Aug 10, 2023

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 · Aug 10, 2023