By: Rupert Hargreaves

Chief Operating Officer Rupert Hargreaves is City AM's Chief Operating Officer. He was previously the Managing Editor and City AM's News Editor. Today he edits Whisky Business: City AM's monthly look at the world of whisky. Before joining City AM, he helped lead the digital team at MoneyWeek, the UK's best-selling financial magazine. Rupert has nearly 20 years of experience in financial journalism and holds qualifications from the CFA Institute and the Chartered Institute for Securities & Investment (CISI).

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Admiral: Shares surge after FTSE 100 giant’s profit jumps

August 14, 2025

Shares in insurance giant Admiral surged 5.5 per cent in early deals this morning after the group reported a significant jump in earnings for the first half of its financial year, thanks to its UK insurance arm and income from Admiral Money. The group reported a 69 per cent jump in profit before tax from [...]
Beazley: Shares slump after profit falls

August 13, 2025

Shares in Lloyd’s of London insurance group Beazley fell more than 11 per cent after the company reported a sharp drop in profit for the first half of 2025. Beazley reported a profit before tax of $502.5m (£371.9m) for the six months ending 30 June 2025, down from the $728.9m reported in the first half [...]
InsurTech funding slumps despite AI demand

August 7, 2025

Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. According to the second-quarter 2025 Global InsurTech Report, a collaboration between Gallagher Re and CB Insights, global InsurTech funding declined by 16.7 per cent quarter-on-quarter [...]
LIVE: Bank of England cuts interest rates to four per cent

August 7, 2025

The Bank of England has slashed interest rates to the lowest level in more than two years at four per cent. The decision to cut rates from 4.25 per cent comes after members were told to vote for a second time after facing a split decision. It follows the Bank’s chief economist, Huw Pill, telling [...]
Whisky Business: A new era for Scapa

August 7, 2025

Whisky Business: City AM’s monthly look at the world of whisky. The Orkney Islands have a special place in the world of whisky. The cool, damp, and often windy climate is considered ideal for a slow and steady maturation process, while pristine water sources permeate the rocky landscapes. Orkney also has an abundance of unique heather-rich [...]
Over 50s mortgages help LiveMore turbocharge growth

August 6, 2025

According to Legal & General Mortgage Services, which is involved in around a third of all mortgage transactions in the UK, there has been a dramatic increase in the number of over-50-year-olds applying for mortgages. Rising house prices, coupled with increasing longevity, have pushed the average age of the first time buyer to 33, with [...]
Hiscox shares jump after firm lifts buyback despite wildfire losses

August 6, 2025

Shares in Lloyd’s of London insurer Hiscox jumped more than 10 per cent in early deals this morning after the company hiked its share buyback. Overall, the group posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the group increased capital returns on the back of substantial investment income. [...]
Stonehenge and glitter: Inside the Bank of England’s new banknote consultation

July 28, 2025

The Bank of England first began issuing banknotes in 1694, and today there are 4.7bn sterling banknotes in circulation, worth a combined total of £86bn. And while the use of cash as a method of payment has dropped from around one in two transactions to one in four over the past decade, cash remains a [...]
Markets live: Tesla shares tumble, ECB holds rates, FTSE 100 sets fresh record

July 24, 2025

Shares in Tesla have tumbled as much as 9 per cent in the opening minutes of US trade after Elon Musk said the company was in a “weird transition period” as it coped with the end of US tax incentives on electric cars, shifting tariffs, and regulatory uncertainty around self-driving cars. The European Central Bank [...]
Scotch whisky: 85-year-old release to become world’s oldest

July 23, 2025

Gordon & MacPhail has announced plans to release the world’s oldest single malt Scotch whisky this October — an 85-year-old expression from Glenlivet Distillery. The whisky was laid down in a single American oak cask on 3 February 1940 by George Urquhart and his father, John, founders of the family-run business based in Elgin, Scotland. [...]

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By: Rupert Hargreaves

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