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.

All 464 Articles

WH Smith delays results by more than a month as accounting struggles persist

October 29, 2025

WH Smith has delayed the publication of its results by more than a month as it wrestles to get to the bottom of accounting issues that caused profit expectations to be overstated by tens of millions of pounds. The global travel retailer was due to publish its preliminary results on 12 November, but has now [...]
Transparency concerns as FCA makes short sellers anonymous

October 28, 2025

Firms short-selling UK-quoted companies will no longer have to reveal their identities in the latest deregulation drive by the UK’s financial watchdog. The Financial Conduct Authority (FCA) is consulting on a rule change to suspend disclosures of the companies that hold a short position in listed businesses, instead only publishing the total short positions in [...]
FTSE 100 live: HSBC takes profit hit, fresh food inflation rises

October 28, 2025

Good morning from the City AM liveblog team. It may have been more than 15 years since he was convicted and four years since he died, but legendary fraudster Bernie Madoff is still making headlines. Yesterday it was the turn of British banking giant HSBC to unveil the scale of its exposure to business connected [...]
Nik Storonsky-backed Robin AI seeks rescue buyer after fundraise falls short

October 28, 2025

An AI business backed by the likes of Revolut co-founder Nik Storonsky is seeking a rescue buyer after its fundraising ambitions fell short, City AM can reveal. London-based legal firm Robin AI has been put up for sale on an insolvency marketplace – meaning its future could be in doubt if a buyer is not [...]
Thousands of jobs at risk as Petrofac appoints administrators

October 27, 2025

North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took the decision after one of its customers, TenneT, terminated its relationship over a 2GW energy programme in the Netherlands. “Having carefully assessed its options, and the impact of TenneT’s decision… the directors of [...]
FTSE 100 Live: Goodwin shares soar, HSBC $1.1bn Madoff hit, Petrofac administration

October 27, 2025

Good morning from the City AM liveblog team. Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as if the bond market could do with a bit of reassurance, and it means that she won’t [...]
The compromising iPad photos that dragged a London quant trader to court

October 25, 2025

It’s never easy moving jobs in the Square Mile – especially for the higher ups. Once you reach a certain seniority, your employer frets over the threat posed if you jump ship – what strategic information you could take with you. That was true for a London-based quant firm called G-Research, after one of its [...]
FTSE 100 Live: Natwest ups guidance, Retail sales rise

October 24, 2025

Good morning from the City AM liveblog team. As we get closer and closer to the Budget, businesses are becoming more and more vocal on their concerns over what could be in store. Yesterday it was the turn of London estate agent Foxton’s, which warned of softened demand as a result of Budget uncertainty. “Macroeconomic [...]
Scrap stamp duty on shares or risk FTSE 100 exodus, Peel Hunt warns

October 24, 2025

The government must scrap stamp duty taxed on share trades or risk a growing number of firms quitting London for the New York Stock Exchange, investment bank Peel Hunt has warned. As much as £200m is already set to be lost from government tax receipts by the decision of Astrazeneca, the FTSE 100’s largest constituent, [...]
FTSE 100 Live: Lloyds takes profit beat, LSEG new investment

October 23, 2025

Good morning from the City AM liveblog team. Just how much is the motor finance redress scheme going to cost Britain’s biggest banks? Yesterday’s results from Barclays offered an insight – and it wasn’t pretty. The Canary Wharf-based bank almost quadrupled the provision it had set aside to cover motor finance claims, from under £100m [...]

Monzo slammed for ‘shaming’ end of year reviews

If international rugby’s fatal flaw is not financial, what is it?

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Simon Hunt

All 464 Articles

Subscribe