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The Latest Breaking News from City

New UK finance minister Zahawi to address banks and investors on July 19

Britain's new finance minister, Nadhim Zahawi, will address the City of London's financial sector in a speech on July 19, organisers of the annual Mansion House event said on Thursday.

Reuters

Your 2022 guide to London’s new homes: the resurgence of inner-city living and the big changes on the horizon

The Evening Standard New Homes Awards will reflect a fascinating year for the housing industry with a steady move towards eco-homes.

Evening Standard

UK GDP rises by 0.5 per cent in May

Increase in output was bigger than expected in the City

Evening Standard

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Shanghai sweats over small, but stubborn COVID outbreak already hampering economy

Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that recently emerged from a painful two-month lockdown.

Reuters

Family tragedy, racism and a high-flying City career: How Sajid Javid rose from a Rochdale terraced house to become a contender for the next Prime Minister

The former Health Secretary is among the favourites to replace Boris Johnson

Manchester Evening News

Bank official sounds alarm over ‘free-lunch’ City deregulation

Insurance regulator says post-Brexit softening of rules will put billions of pounds of pension saving at risk

The Guardian - UK

Big tech will win, whatever the economic weather

City Voices: Expect Microsoft et all to come through the economic storm in tact

Evening Standard

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Lloyd’s of London stays put in boost to the City

City Comment: The City is brilliant at reinventing itself, sometimes it doesn’t need to

Evening Standard

Bristol City new boy Mark Sykes vows to watch the world's best as he confirms role change

The former Oxford man arrived as a right-winger but will be tasked with playing behind the strikers next season

Bristol Post

FTSE 100: Markets rally as Boris Johnson prepares to go

On the face of it, the City might have looked like it was cheering the demise of Boris Johnson.

Evening Standard

City headhunter nets record fees as pay booms in battle for talent

Recruitment in technology and compliance on the up with salary demands to match

Evening Standard

London City airport seeks end to Saturday flight ban

Residents’ group denounces plan to cut into weekly respite as airport launches consultation on expansion

The Guardian - UK

Bitcoin: A curious belief system, not an investment

City Comment: Bitcoin fans are like the lawyer in Batman Begins

Evening Standard

New financial district “head of fun” charged with making The City less of a “Square” Mile

New West End Company marketing chief moves east to lead “Destination City” initiative

Evening Standard

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Benzinga

NV5 Bags $7M Wastewater Recycling Project In California

NV5 Global, Inc. (NASDAQ:NVEE) has been selected by the City of Oceanside, California, for an ~$7 million contract to provide owner consultant services for a wastewater reclamation and recycling project. The three-year project is part of the City's program to decommission the aging La Salina Water Treatment Plant. NV5 will provide program…

The Independent UK

City of London urged to reconsider plans to demolish historic Barbican buildings

The City of London Corporation has submitted plans to demolish Bastion House and the Museum of London.

Evening Standard

Star City fund managers fall to earth

Top fund managers underperform stock market in woeful year

Reason

Federal Jury Awards $59,000 in Takings Compensation to Property Owner Whose House was Severely Damaged by SWAT Team Pursuing a Suspect

The ruling authorizing the award is at odds with other federal court decisions holding that law-enforcement exercises of the "police power" are exempt from takings liability.

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The Guardian - UK

MPs seek to avoid race to the bottom in post-Brexit City regulation

New subcommittee will scrutinise plans to change how watchdogs supervise the UK’s financial sector

The National (Scotland)

Tories plot to cut rules on City bosses' pay – while railing against public sector rises

TORY ministers are plotting to slash controls on City bosses’ pay, while calling for wage restraint in the public sector.

Daily Mirror

Tories 'want to cut pay limits for city bosses but ALSO restrain public worker pay'

The Government is being accused of "hypocrisy" as leaked plans show it wants to remove some controls over City bosses' pay will restraining the wages of people in the public sector

Evening Standard

Beyond petrol: what will London be like in 20 years?

Sales of purely combustion cars will stop in the UK in 2030. We asked some of the architects, planners and drone-fleet captains shaping the green future of the city what to expect

Evening Standard

Pay crunch gives Bank of England tough call on interest rates

Bank to put rates up on Thursday, City expects

Evening Standard

Predictions of the demise of the pound are exaggerated

City Comment: Trust sterling to defy gloomy predictions

Evening Standard

Peel Hunt feels the pain as flotation market sinks

The extent of the strife in the City was laid bare today when investment bank Peel Hunt reported a crash in profits as company floats dry up and clients fret about the global economy.

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