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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Labour ‘political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns

Banking

London’s biggest financial institutions could shift operations away from the UK if the government intensifies its regulatory grip on the City, a top City banker has warned. Chris Barlow, head of legal and compliance at Japanese bank Nomura, said “short-termism and political point-scoring” in Westminster over financial regulation could exacerbate the burden faced by banks and [...]
Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’

Politics

One of the UK government’s biggest private sector contractors has denied being hostile to Reform UK after the party’s home affairs spokesperson Zia Yusuf after accused it taking “political positions” against his immigration policy. Citing a report in the Telegraph that suggested FTSE 250 firm Serco would refuse to support Reform’s deportation plans if it [...]
SpaceX IPO could get wave of Brits back into equity markets, Peel Hunt boss says

Markets

The success of the trillion-dollar SpaceX IPO could help drive a wave of fresh interest into investing in the stock market, the boss of one of London’s biggest brokers has said. The float, which raised a whopping $75bn (£56bn), included millions of shares allocated to UK retail investors thought to be worth around £271m, with [...]

For all their charm, digital banks still leave me tearing my hair out

June 10, 2026

I admire London’s digital banks. But three events in the past month have made me realise I’m not parting ways with my high street bank any time soon. The first was dodgy transactions that started showing up on my Revolut account. I was being charged for random TfL tube journeys. I had a feeling this [...]
‘Watershed moment’: EV sales soar as oil price volatility drives away petrol car demand

June 10, 2026

Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said. London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, [...]
Molten Ventures shares surge as it offloads Revolut stake

June 9, 2026

Shares in Molten Ventures surged on Tuesday morning after the startup investor confirmed it had sold down its stake in Revolut. The FTSE 250 firm said it made £63m from the share sale, adding that it still had a stake in the company worth more than £100m following the disposal. Molten was an early investor [...]
CBI: 200,000 more Brits to face unemployment this year as growth crumbles

June 9, 2026

The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
London Stock Exchange boss accuses FCA of ‘playing fast and loose’ as she warns government may have to ‘step in’

June 8, 2026

The boss of the London Stock Exchange has taken aim at the financial watchdog over its plans to introduce greater market transparency in signs of a major fallout between the two City institutions. Julia Hoggett, chief executive of the exchange, has accused the Financial Conduct Authority (FCA) of “playing fast and loose” with the market, [...]
Squarepoint commits £430m to huge London office move after profit soars

June 8, 2026

One of London’s biggest investment firms has committed £430m to a major office move as the firm doubles down on its presence in the Square Mile. Squarepoint Capital, which was previously a subsidiary of Barclays before being spun off in 2014, is set to move to a redeveloped 400,000 square foot, 12-storey office on Gresham [...]
Pockit taps shareholders for £13.4m after losses quadruple

June 8, 2026

Pockit has raised £13.4m from shareholders as it seeks to plug growing losses following its acquisition of London fintech Monese. The firm, which offers pre-paid cards to customers without the need for a credit check, said it completed the raise in May 2026 from venture capital investor Concentric as well as Shore Capital-owned investment firm [...]

Labour ‘political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns

Royal Ascot worth £140m to UK economy

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Simon Hunt

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