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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Nigel Farage Bitcoin firm turns to the public to raise cash – at double the price

Markets

A Bitcoin business run by former Chancellor Kwasi Kwarteng which counts Nigel Farage as one of its biggest investors has turned to the public to raise cash. Stack BTC, which is listed on London’s Aquis stock market, is seeking to raise as much as £250,000 from retail investors via the issue of fresh shares. But [...]
Shadow bank collapse floods London with hundreds of luxury properties

Property

London’s super prime property market is set to be flooded with hundreds of luxury homes following the collapse of one of Britain’s biggest shadow banks. Mansions in Kensington, Belgravia, Knightsbridge and Mayfair are being put on sale by administrators for Market Financial Solutions (MFS), all of which were controlled by individuals with links to the [...]
Trustpilot shares rocket as profit soars past forecasts

Markets

Shares in Trustpilot rocketed on Tuesday morning as the FTSE 250 firm posted profit that surged past market forecasts. The customer feedback platform delivered a near-tripling of pre-tax profit to £14.1m for 2025, which it put down to investment into AI. “We have seen a dramatic rise in the visibility of Trustpilot in AI models, [...]

UK fintech Pockit borrows cash from Spanish railway architect

March 17, 2026

Pockit has borrowed money from an award-winning Spanish railway architect in one of the most unusual debt raises completed by a British fintech. The Cardiff-based business, which offers prepaid accounts to customers without a credit score, has signed a debenture agreement with Anchorgate Management, a British Virgin Islands company controlled by architect Santiago Calatrava, company [...]
Companies House admits security failure was live for six months

March 16, 2026

A security vulnerability which allowed Companies House users to view and change other companies’ details without their consent was live for at least the past six months, the government registry has admitted. An investigation conducted by Companies House over the weekend has found that the security failure was introduced in an October 2025 update to [...]
Will Thames Water’s latest rescue package pass muster?

March 16, 2026

Thames Water’s latest rescue package has been designed to fend off the public’s criticism of the way the company has been mismanaged. In a statement, Thames Water said the new detail would comprise £6.6bn of new debt – including £3.3bn accessible on day one of the rescue plan being implemented – which will be provided [...]
Drill in Britain’s biggest oil field or risk energy crisis, Make UK tells Ed Miliband

March 13, 2026

Drilling at Britain’s biggest undeveloped oil field must urgently be approved to avert a looming energy crisis, the UK’s manufacturers’ lobby group has told Ed Miliband. Make UK, which represents thousands of manufacturers from food producers to steelmakers, said the energy secretary must give the green light to production at Rosebank in the North Sea [...]
On the Beach shares tumble as it tears up guidance amid bookings slowdown

March 12, 2026

On the Beach has torn up its guidance for the forthcoming year after warning that tensions in the Middle East have sparked a sharp slowdown in bookings. The online travel agent previously forecast pre-tax profit of between £39m and £43m. “Whilst the group has limited exposure to destinations in the Middle East, it has experienced [...]
Savills shares slide as Middle East war shakes property market

March 12, 2026

Shares in property giant Savills slid eight per cent as the Iran war shakes the confidence of the UK’s property market. The FTSE 250 firm’s share price fell by 7.98 per cent on Thursday to 922p, leaving the stock down six per cent in the year so far. Adam Vettesse, market analyst at eToro said [...]
Revolut is now a bank. Raise a glass to this stellar British success story

March 11, 2026

It has been a painfully long wait for Revolut. But at last, the patience of Europe’s most valuable fintech has paid off. Its British banking licence has arrived. This is the final step in Revolut’s decade-long journey to become a fully-fledged bank. That means it is no longer – by any yardstick – a startup. [...]

City fears Rayner’s rise as she warns Starmer that Labour is ‘running out of time’

‘Mario Kart’ Formula 1 cars need more time, says Williams

Bar of the week: Flipdog, the Shoreditch spot stoking its cocktails with a hot poker

By: Simon Hunt

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