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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FTSE 100 Live: Entain, Flutter sound alarm in Reeves’ tax raid aftermath

November 27, 2025

Good morning and welcome back to the City AM liveblog. The dust has settled on the Labour government’s second Autumn Budget and Brits have been left reeling from a £26bn tax raid. Taxes collected as a share of GDP are set to jump to an all-time high in the coming years, according to the Office [...]
Young professionals are the hardest-hit by this punitive Budget

November 27, 2025

For anyone still tempted to believe Rachel Reeves has stuck to her manifesto promise not to put taxes up on working people, let me disabuse you of the notion. As the OBR pointed out yesterday, by 2030 there will be more than 10m people dragged into paying higher rates of income tax compared to 2023, [...]
OBR warns Budget leaves UK ‘vulnerable’ as tax burden hits all-time high

November 26, 2025

The UK’s public finances have been left in a vulnerable position, the UK’s fiscal watchdog has warned in a damning verdict of Rachel Reeves’ Budget. In a report accidentally published before the Budget was announced, the Office for Budget Responsibility said Reeves’ spending plans leave the UK spending more on debt interest than at almost [...]
Construction sector delivers growth warning ahead of Budget

November 26, 2025

The economic growth being promised by the government is in jeopardy unless the Budget delivers a boost for the construction industry, sector leaders have warned. Figures within the construction industry have said the delivery of key Labour infrastructure projects is at risk unless Rachel Reeves offers the “clarity and stability” needed by the sector to [...]
The future could still be golden for Amigo Loans shareholders

November 26, 2025

It’s been a rough old ride for the shareholders of Amigo Loans. The company began life as a subprime, guarantor lender in 2005 and picked up a load of customers fast, helped along by its weird TV adverts featuring blue plasticine figurines. It listed on the London Stock Exchange in 2018 and the shares initially [...]
Shein’s former head of Europe relocates from London to Dubai

November 26, 2025

The former head of Europe at e-commerce giant Shein has become the latest British executive to relocate to Dubai, City AM can reveal. Cui He, who was director of Europe at Shein from the beginning of 2023 until last month, according to her LinkedIn profile, has shifted her residency from London to the United Arab [...]
Molten Ventures eyes selling more Revolut shares after Nvidia investment

November 25, 2025

A major shareholder in Revolut is planning to further sell down its stake as the company looks to rebalance its investment portfolio. London-listed venture capital firm Molten Ventures recently sold shares in Revolut worth £26.3m but continues to hold a stake in the fintech darling worth £152m, the largest single shareholding in its more than [...]
Domino’s brand acquisition on hold as chief executive quits

November 25, 2025

The chief executive of Domino’s Pizza has quit the company after just two years after presiding over a halving in the firm’s stock price over the past twelve months. Andrew Rennie, who joined the firm’s board in 2023, is to depart with immediate effect, with chief operating officer Nicola Frampton serving as interim chief executive [...]
FTSE 100 Live: Pound braces for painful Budget; Kingfisher shares lead rally

November 25, 2025

Good morning from the City AM liveblog team. At long last, we are just one day away from the Budget, in which Rachel Reeves is expected to unveil tens of billions of pounds in tax rises. This despite the fact that she promised taxes wouldn’t go up after last year’s hikes. Who is to blame? [...]
Nvidia invests in Revolut as $75bn valuation secured

November 24, 2025

Nvidia has invested in London fintech Revolut as the firm secured a $75bn (£57bn) valuation in a secondary share sale. The chip giant participated in the share sale via its venture capital arm, NVentures, alongside a group of top investors including Andreessen Horowitz, Franklin Templeton, and T. Rowe Price Associates. The transaction was led by [...]

WH Smith successor delays ‘aggressive’ restructuring which will shut stores

Italy and UK risk driving Formula 1 away with misguided tax raids

Why the Norwegian Arctic is the best place to see the Northern Lights

By: Simon Hunt

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