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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Peace in Iran – but for how long?

Opinion

Markets are decidedly relieved at news that despite unhinged threats from the orange occupant of the White House, a civilisation has not in fact been wiped out and the US reached a temporary ceasefire with Iran. But as Trump gets around the negotiating table – let’s hope he can stay awake – how certain can [...]
Oil slides and stocks surge as US hails ‘chance at peace’

Markets

Global markets breathed a much-needed sigh of relief on Wednesday morning after it emerged Donald Trump reached a temporary ceasefire agreement with Iran, just hours before a high-stakes deadline in which the US president had threatened to destroy bridges, power plants and swathes of Iranian infrastructure. On Tuesday Trump set a dramatic ultimatum that “a [...]
MFS software platform put up for sale after lender’s collapse

Bankruptcy

A software platform developed for Market Finance Solutions has been put up for sale by administrators following the lender’s collapse, City AM can reveal. The software, which has been designed to be used in conjunction with Salesforce, was built as an “automated lending platform” including sales, underwriting and ‘KYC’ identity checks for new customers. “The [...]

OpenAI calls for ‘tax on automated labour’ as it sounds alarm on economic risks

April 7, 2026

OpenAI has called for a tax on automated labour as the firm laid bare the scale of the structural risks to the global economy that could be wrought by the rise in artificial intelligence. In a wide-ranging set of proposals in a paper described as “Industrial Policy for the Intelligence Age”, the ChatGPT maker called [...]
London’s top 2025 listings tumble in blow to IPO revival hopes

April 7, 2026

London’s biggest listings in 2025 have all tumbled since the start of the year, dealing a blow to hopes of a revival in the capital’s lacklustre IPO market. The five biggest floats from last year slumped by an average of 26 per cent in the first quarter of 2026, according to a City AM analysis, [...]
Private credit firm exposed after cosmetics retailer plunges into administration

April 7, 2026

A private credit firm has been forced to write down the value of one of its portfolio companies after online retailer Give Me Cosmetics was placed into administration. London-based Beechbrook capital, which offers finance to lower mid-market British businesses, had lent around £6.5m to fund the acquisition of Give Me Cosmetics in April 2024, in [...]
Alex Gerko’s XTX paid more than £500m in corporation tax in 2025

April 6, 2026

A London algorithmic trading firm run by billionaire Alex Gerko faced a corporation tax bill of more than £500m last year, the firm’s latest accounts show, making the company one of the largest individual contributors to the exchequer. Kings Cross-based XTX Markets was due to pay around £580m in corporation tax for 2025, according to [...]
Speedy Hire shares tumble as firm sounds alarm on ‘worsening conditions’

April 2, 2026

Speedy Hire shares tumbled on Thursday after the tools and equipment hire services company slashed its profit expectations and warned “conditions have worsened” in the market. The London-listed firm said it now expects pre-tax earnings of £90m in 2026, down from £97m the previous year. “Market conditions have worsened…with uncertainty around the UK Budget in [...]
FTSE 100 Live: Dow Jones joins City in red; Oil soars on Iran war fears

April 2, 2026

Good morning and welcome back to the City AM liveblog. After a dose of optimism hit markets on Wednesday, that looks to all be eradicated come this morning. In a 19-minute long address to the nation, Donald Trump vowed to “finish the job” in Iran and warned the country would be hit “extremely hard” in [...]
Topps Tiles shares tumble as it unveils plans to shut over 20 stores

April 1, 2026

Topps Tiles shares tumbled on Wednesday after the DIY staple unveiled plans to shut more than 20 stores as it wrestles with weak demand and rising inflation. The Leicester-based business said it intends to shutter 23 stores by the end of its financial year as part of a series of “self help measures” as it [...]

Firms slash jobs at fastest pace this year and pay growth slows

New insurance products for female sports stars must cover fertility care

Why I love hotel restaurants – and two of my favourites

By: Simon Hunt

All 506 Articles

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