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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City pushes back against closer ties with EU

Regulation

Keir Starmer’s plan to foster closer economic ties with the European Union is likely to exclude financial services after senior City figures pushed back against the reintroduction of EU regulations. The prime minister has called for “closer ties” with the EU in a bid to boost economic growth, with senior cabinet members including justice secretary [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks

Markets

Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
Peter Mandelson handed back £1.3m from consulting firm he founded

Business

A consulting firm founded by Peter Mandelson handed back £1.3m to the House of Lords peer prior to his departure from the business, the firm’s latest accounts reveal. Global Counsel, a London-based public policy consultancy launched by Mandelson in 2016, had been lent £1m by the disgraced politician with interest paid “at commercial rates,” white [...]

Associated British Foods shares slide after Primark sales slump

January 8, 2026

Shares in Associated British Foods (ABF), the owner of Primark, tumbled in early trading on Thursday morning after the FTSE 100 giant warned of a “difficult trading environment” and downgraded the fashion retailer’s growth forecasts. ABF, which owns the chain alongside its wholesale food business, said like-for-like sales across continental Europe declined as much as [...]
Air fryer frenzy sees Ninja’s European sales rocket past £1bn

January 7, 2026

A surge in demand for air fryers has helped Sharkninja’s European sales surge past the £1bn mark for the first time, the firm’s latest accounts reveal. Sharkninja Europe, the UK-based subsidiary of the US consumer appliance maker, posted turnover of £1.2bn in 2024, a whopping 43 per cent increase on the previous year, as Brits [...]
Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief

January 7, 2026

Bankers are paying close attention to early warning signs of a downturn in the credit market, a top JP Morgan executive has told City AM, as economic uncertainty and a spate of corporate collapses spark lender caution. Filippo Gori, co-head of Global Banking at JP Morgan, cited a rise in rates of fraud as well [...]
Jaguar Land Rover sales tumble after cyber attack disruption

January 6, 2026

Sales at Tata-owned Jaguar Land Rover tumbled in the last quarter of the year after a massive cyber attack wreaked havoc with the carmaker’s production plans. Wholesale volumes were down by more than 40 per cent to 59,200 in the three months to the end of December, while retail sales slumped 25 per cent to [...]
Used car marketplace Motorway takes out £25m loan after losses widen

January 5, 2026

Motorway has agreed a fresh £25m loan after the online car marketplace reported widening losses. The London-based tech firm, which hit a valuation of over $1bn in a 2021 funding round, said it secured the loan one day before Christmas Eve, with £15m having already been drawn down by the end of the year. The [...]
Euan Blair edtech Multiverse laid off dozens more staff after losses widened

January 5, 2026

An edtech firm founded by Tony Blair’s son Euan laid off dozens more staff after reporting widening losses, its latest accounts show. Multiverse, which was launched in 2016 and hit a valuation of £1.2bn in a 2022 funding round, said it made 55 payments for loss of office in the year to the end of [...]
FTSE 100 Live: Shell and BP lead index near 10,000 amid oil tensions

January 5, 2026

Good morning and welcome back to the City AM morning liveblog. The FTSE 100 kicked off the new year on the front foot marking an intraday high of 10,046.25p on Friday in the first trading session of 2026. Whilst it slipped back in later trading, strong performances across blue-chip heavyweights including Rolls-Royce and Fresnillo, led [...]

Trump official warns UK on ‘Russia-style’ X ban after Grok row

LA is the future of sport and coming for London’s crown as global capital

We reveal England’s most ‘fucked’ pub thanks to Is My Pub Fucked

By: Simon Hunt

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