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The Latest Breaking News from City

Why are the kings of crypto setting up shop in London?

If you thought the blockchain game was up, think again. With a raft of new rules for digital assets in the pipeline, Gavin Haynes examines the ways our city is sitting pretty as the future home of the crypto universe

Evening Standard

CMC dealt blow as finance chief quits to join rival

With CEO Lord Cruddas somewhat distracted by politics, some in the City may fear CMC lacks high-level leadership

Evening Standard

Banks recognise savers need more help accessing best rates, says City regulator

The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.

The Independent UK

From analysis to the latest developments in health,
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Expect high electricity prices until 2030, says leading expert Cornwall Insight

Move toward electric heating and transport will lead to a surge in demand, keeping prices above 2022 levels

Evening Standard

Restore VAT-free shopping to let the capital thrive

City comment: The Treasury continues to insist VAT-free shopping plays only a minor role in London’s tourist appeal. But that’s not what they’re saying in Paris, Milan and Madrid

Evening Standard

Why banks once flocked to Canary Wharf’s high-tech superstructures, but are now starting to return to the City

HSBC is moving its UK headquarters from Canary Wharf back into the City of London as it adjusts to the impact of hybrid work on its office space needs.

The Conversation

City firms that tolerate harassment are a bad risk says watchdog

A quarter of complaints per quarter to the FCA are about sexual misconduct

Evening Standard

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Slowdown in the City continues, Numis warns

There was little sign of a let up in the strife in the City today, when investment bank Numis said there is still a dearth of deals in a “deteriorating market”.

Evening Standard

Highland Park set to remember Fourth of July parade shooting, victims

Silence is set to spread across Highland Park at 10:14 a.m. Tuesday to mark the moment one year ago when a gunman opened fire at the city’s Fourth of July parade.

Chicago Tribune

City A.M. managing director backs paywall option after sale

The free London business newspaper was put up for sale yesterday

Evening Standard

If there’s such a thing as an inflation quota, has Britain already exceeded it?

According to some in the City, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?

The Guardian - UK

Officials celebrate Lexington's precedent setting smoke-free law 20 years later

Government, healthcare, restaurant, and community representatives all participated in a celebration at Lexington City Hall Thursday.

WEKU

Mayor Kenney calls Moms for Liberty ‘problematic’ and says city will prioritize safety for participants and protesters

PHILADELPHIA -- Philadelphia Mayor Jim Kenney denounced the views of Moms for Liberty on Thursday as the group’s three-day convention kicked off in Center City.

The Philadelphia Inquirer

Troubled Thames Water brings in veteran City ‘fixer’ as chair

Sir Adrian Montague is regarded as having a rare insight into the workings of Whitehall

Evening Standard

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Evening Standard

OPINION - We are now at serious risk of wrecking our skyline

Yet more tall buildings are coming to London. Ten are planned for the City alone and each has the potential to transform our capital’s skyline, which has seen radical change over the past decade. Some tall buildings are undeniably well-designed and elegant but I share Anna van Praagh’s concerns in…

Evening Standard

Bank of England’s Andrew Bailey is out of tune with reality on pay rises

City comment: Is the Governor of the Bank of England a Glastonbury fan? He keeps singing the same old tune

Reason

Right to Privacy Challenge to L.A. City Employee COVID Vaccine Mandate Can Go Forward,

though the city may yet prevail later in the case, if it can show enough facts justifying the mandate.

The Guardian - UK

Why are UK banks taking so long to pass higher interest rates on to savers?

Delay is under intense scrutiny from City watchdog – but it may not be simple profiteering

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The Hindu

Kollam city police get body-worn cameras

Cameras attached to the uniforms of law enforcers on duty will be monitoring the surroundings and the crimes captured by the camera can be used as digital evidence before the court.

Evening Standard

Boxpark wins planning permission for Boxhall City food hall at Liverpool Street

CEO Simon Champion says the venue should attract City workers “looking for something different”

Evening Standard

What if all this interest rate pain brings no gain on inflation?

City comment: Most rate-setters don’t have mortgages. How hard it is to pay one might be passing them by.

Evening Standard

OPINION - London’s pizzazz has returned; even cabbies say so

London is surging back. Anyone who has been to the West End can see the city is crowded again. If you feared Covid would do for London, think again: bars, restaurants, theatres are enjoying a roaring trade. The Tube and buses are packed, cycle lanes busy. Cabs, too. One cab…

Evening Standard

FTSE 100 Live: ‘Inflation has become entrenched’ — blue-chips close at 7559 after prices shock; gilts surge

The Office for National Statistics published May’s inflation figures this morning, confounding experts in the City again as inflation remained stuck at 8.7%. Core inflation, which hit a 30-year high in April, rose even higher to 7.1%.

Evening Standard

Don’t rush to write off London for listings after one failed float

City Voices: Was WE Soda’s failed listing really a ‘blow to the City’?

Evening Standard

Transatlantic £464 million bid for Lookers stokes hope for City dealmaking revival

The 120p per share offer from Canada’s AAG comes after a moribund year for M&A

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