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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Time to get relaxed about high executive pay

December 10, 2025

This week Anglo American walked back on a plan that would have seen its chief executive handed a tasty bonus for the completion of its merger with Teck after investor backlash. Shareholders may have had well-reasoned objections to a scheme that would have dealt boss Duncan Wanblad an award amounting to almost two-thirds of his [...]
Auditor MHA resigns from Sanjeev Gupta-owned engineering firm

December 9, 2025

MHA has resigned as auditor for a subsidiary of the beleaguered metals group controlled by tycoon Sanjeev Gupta, City AM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance conglomerate. MHA declined to [...]
Goalhanger profit soars as Gary Lineker-owned podcast firm attracts global audience

December 9, 2025

Profit at Gary Lineker-owned production group Goalhanger has soared as the media group continued to build up a global audience for its portfolio of podcasts. The group’s retained earnings, a measure of the total profit accumulated since the firm was founded, more than tripled to £4.6m in the seven months to the end of December [...]
Relief for fintech startups as government plans new short-term FCA licences

December 4, 2025

Fintech startups could be about to start trading much sooner after the government signalled plans to issue temporary licences in advance of getting full accreditation. Startups often suffer delays of months or even over a year as they wait for regulators at the Financial Conduct Authority (FCA) to grant them authorisation, during which they burn [...]
Equity fund outflows hit fresh record as Budget uncertainty triggered UK selloff

December 4, 2025

Equity funds have suffered their deepest and most prolonged bout of outflows on record with investors pulling more than £10bn in the past six months, fresh figures have revealed. UK-focused funds were the hardest-hit in November after haemorrhaging almost £847m, according to data compiled by global funds network Calastone, with analysts pointing to protracted Budget [...]
How to keep the wheels on private rail? Bring back first class service

December 4, 2025

The era of rail renationalisation is an opportunity for the remaining open access operators to compete with a luxury offering, says Simon Hunt Amid all the Budget chaos last week, one big government announcement was drowned out: the transport department is freezing rail fares. Most commuters would gladly favour a freeze over a repeat of [...]
Powervault: London Mayor-backed Tesla battery rival collapses

December 3, 2025

Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]
The 68p lawsuit that threatened to upend the British bond market

December 3, 2025

In 2023, the Financial Conduct Authority set out to modernise the bond market. A noble ambition. But as many seasoned City execs will tell you, noble ambitions from regulators don’t always work out how they were intended. The FCA proposed to introduce what’s known in industry jargon as a consolidated tape – a system which [...]
On the Beach shares rocket as firm gears up for record summer

December 2, 2025

On the Beach is getting itself ready for a record summer season as consumers hold on to their overseas holidays despite feeling the squeeze. The travel retailer said its Winter bookings were 15 per cent ahead of last year while bookings for next summer were “encouraging” and likely to be the highest yet. Chief executive [...]
Zipcar UK to shut operations ahead of new London EV Congestion Charge

December 1, 2025

Zipcar has reached the end of the road in the UK after its US owner pulled the plug on operations in the run up to the introduction of fresh London Congestion Charges for electric vehicles. The car hire business has begun a formal consultation with employees in the UK and will stop taking new bookings [...]

Farage slammed over pledge to keep ‘unsustainable’ triple lock pension

Chelsea suffer biggest financial loss in Premier League history

Friends of The Whisky Exchange launches to reward customers

By: Simon Hunt

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