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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‘It doesn’t work anymore’: Wealthy Brits snub UK property market in search of better returns

April 21, 2026

Affluent Brits are pulling out of the UK property market at pace, the boss of a major London bank has said, as high taxes, burdensome regulation and stagnant house prices prompt investors to look elsewhere for greater returns. Ian Rand, chief executive of Monument Bank, which caters for mass affluent account holders with six figures [...]
‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

April 17, 2026

Bond traders are bracing for the prospect of a surge in gilt yields as uncertainty over the future of Keir Starmer’s term in office could pave the way for a more left-wing successor. A Starmer defenestration could be just weeks away amid renewed scrutiny over the botched appointment of Peter Mandelson as Washington ambassador and [...]
Bank of England will set ‘high bar’ for any interest rate change

April 17, 2026

Policymakers at the Bank of England will set a ‘high bar’ for making any interest rate change later this month despite growing expectations of rising inflation, top City analyst Simon French has said. The previous energy shock suffered by the UK following the Russian invasion of Ukraine in 2022 saw inflation spike to as high [...]
Hoo Hing: London’s largest Chinese supermarket defies sterling slump to return to profit

April 16, 2026

London’s biggest Chinese grocery group has returned to profit, despite being hit by a weaker pound and falling revenue. Dagenham-based Hoo Hing Holdings was founded in the 1970s and has superstores in Mitcham, Milton Keynes and Park Royal. It posted a small pre-tax profit of £167,559 for the 12 months to the end of June [...]
‘Soul destroying’: Why London’s luxury property market has taken the biggest hit in a decade

April 16, 2026

It’s been almost three years since Emma first put her Kensington home on the market. With an initial asking price of just over £4m, she turned down a number of early low-ball offers before accepting one only slightly below what she’d wanted. But after months of dithering, the buyer pulled out at the last minute. [...]
Britain’s energy future is bright – but we still need Ed Drilliband

April 15, 2026

Amid soaring oil prices and growing fears of jet fuel shortages, it feels as though Britain is trapped in an energy permacrisis of its own making. So here’s a note of optimism to counter the doom and gloom: Britain has a bright energy future ahead of it. A few examples: Nuclear power output is going [...]
Aldi snaps up abandoned London psychiatric hospital to turn it into supermarket

April 15, 2026

Aldi has snapped up an abandoned London psychiatric hospital, City AM can reveal, in the latest sign discount supermarkets are getting increasingly creative in their search to acquire land to expand their UK footprint. The German grocer, which has over 1,000 stores in the UK but hopes to increase this by as many as 500, [...]
Procook sales surge as young Brits get taste for dinner parties

April 14, 2026

Procook has toasted surging sales as the kitchenware retailer cashed in on young Brits’ growing appetite for hosting dinner parties. The London-listed firm posted sales of £85.5m for the year to end March, a rise of just under a quarter on the previous year and ahead of market expectations of £83.5m, after demand outperformed the [...]
Snyk founder Guy Podjarny makes surprise return to board after chief executive exit

April 14, 2026

The founder of cybersecurity firm Snyk has made a surprise return to the company after the unexpected departure of its chief executive. Guy Podjarny, who founded the firm in London in 2015 before stepping away last year, has made a comeback as a director just twelve months later, company filings show. Snyk did not respond [...]
Peace in Iran – but for how long?

April 9, 2026

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 [...]

‘Big Brother’: HMRC agents to target mansions with ponies and pools

Extraordinary athletes, ordinary content: why even Nike should make more of its talent

Scotch Malt Whisky Society’s Caskmaster 2026 championship comes to London

By: Simon Hunt

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