By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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Mastercard issues winding up petition against London fintech Guavapay

Fintech

Hundreds of jobs could be at risk as London fintech Guavapay faces a winding up petition from payments giant Mastercard over unpaid sums, City AM can reveal. The firm, which employs more than 500 staff and manages cross-border money transfers for individuals and businesses, was issued the notice on Christmas Eve, according to court filings [...]
UK to slide down world rankings on GDP per capita by 2030, report finds

Economics

The UK is set to slip down the world rankings of GDP per capita by the end of the decade after being weighed down by “subpar” growth, a new report has said. The British economy will fall from its current rank of 19th to 21st next year and down further still to 22nd by 2030, [...]
I read 100 books in 2 years. Here’s what I learnt.

Life&Style

As I write this, I am in the final days of the longest reading marathon of my life. In January last year, I set a challenge to read 52 books in as many weeks. Having (just) completed my goal, I set another to read 48 this year, to finish at 100 (journalists like round numbers). [...]

Jump in winter sun breaks as wealthy Brits prioritise wellness

December 23, 2025

Wealthy Brits are flocking to sunny hotspots abroad over the Christmas season with wellness among the top priorities for holidaymakers, fresh data has found. More than one in three (34 per cent) Britons say they plan to travel abroad this winter for a warmer escape, according to survey data compiled by Four Seasons, with almost [...]
Quant firm G-Research owner pays out £106m in wages to 49 staff

December 23, 2025

A parent company to secretive quant trading firm G-Research has posted a £106m wage bill to pay its 49 staff over eight months, the firm’s latest accounts show. Braunford LLP, which was incorporated last year for “the provision of staff and agent services” and shares an address with G-Research, has posted its inaugural set of [...]
Wrexham-based Chetwood Bank takes on London rivals with £1bn jump in deposits

December 23, 2025

Chetwood Bank has seen a near-£1bn jump in customer deposits as the Wrexham-based business wrestled market share from London fintech rivals. The Welsh digital bank, owned by US investment fund Elliott, posted a £960m increase in customer deposits in the year to March, bringing them to £3.8bn, a rise of just over a third, according [...]
Exclusive: Google makes fresh $1bn cash injection into UK data centre subsidiary

December 18, 2025

Google has poured $1bn into its UK data centre subsidiary, City AM can reveal, in the clearest sign yet that the tech giant is eyeing major expansion of its compute power in Britain. The £775m cash injection was this week filed to Companies House for the same company which controls Google’s Waltham Cross data centre, [...]
HSBC chair poured cash into failed tax avoidance investment scheme

December 18, 2025

The new chair of HSBC lost money in a tax-avoiding investment scheme that ultimately collapsed, City AM can reveal. Brendon Nelson became a partner and investor in a biofuel exploration business called Future Fuels, itself part of a wider scheme called Elysian Fuels which was operated by Future Capital Partners. The unregulated investment scheme was [...]
‘High valuations alone rarely end a rally’ say UBS analysts on AI stock surge

December 17, 2025

The rapid rise in the share prices of AI-adjacent stocks could continue well into 2026, analysts at one of Europe’s top banks have said. Valuations of top tech stocks have been running hot since the start of the year as investors rushed to build a stake in the burgeoning technology, with the US S&P 500 [...]
Six of the top business books of 2025

December 15, 2025

Yes, dear reader, it’s that time of year again. What to buy for that special high-flying City exec in your life? I’ve read nearly 50 books this year – most of them new, and most about business. Some were good, others have since found their way to Oxfam. Here are a few of my favourites. [...]

Mastercard issues winding up petition against London fintech Guavapay

Why mascots are the next branding opportunity for sports teams

Best of 2025: Mass hallucinations – how I caught an AI reporter

By: Simon Hunt

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