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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Glencore shares slide after Rio Tinto merger unravels

February 5, 2026

Shares in Glencore tumbled on Thursday after talks over a blockbuster merger between the firm and rival Rio Tinto came to nothing. The London-listed mining giant said it was unhappy with the terms of Rio’s takeover offer, which included Rio keeping hold of top executive roles within the proposed combined business. “The key terms of [...]
No retail redundancies after Vodafone-Three merger, boss says ahead of shop closures

February 5, 2026

There will be no forced redundancies of retail staff following Vodafone’s acquisition of Three, the firm’s chief executive has said, as the telco giant gears up to find hundreds of millions of pounds of cost savings from the tie-up. Vodafone chief executive Margherita Della Valle, who spearheaded the bumper £16.5bn merger shortly after taking the [...]
London fintech Teya launches in Spain and Italy amid European expansion

February 3, 2026

Payments business Teya has added two new countries to its operations as it marks the next phase in its global expansion. The London-based fintech, which is incorporated in the Cayman Islands, is this week launching in Spain and Italy after successful pilot projects in both countries began in July. The move means Teya, which was [...]
Red signal for £500m Central line upgrade after just four trains refitted

February 3, 2026

The planned £500m upgrade of the Central line has hardly got going, City AM can reveal, after the project to refit the key underground line serving the Square Mile suffered severe delays. Just 4 of 71 Central line trains had been successfully refitted by the beginning of 2026, according figures obtained via a freedom of information request [...]
Urban Pubs and Bars defies hospitality gloom with doubling of profit

February 2, 2026

One of London’s biggest pub chains has defied hospitality gloom after posting a more than doubling of profit. Urban Pubs and Bars, which operates more than fifty venues across the capital including The Wren in Bank, the Commercial Tavern in Spitalfields and the Punch Tavern in Fleet Street, saw pre-trax profit climb to £1.7m for [...]
FTSE 100 Live: Miners lead stock fall as gold rout deepens

February 2, 2026

Good morning and welcome back to the City AM liveblog. There’s one big event the City is looking towards this week but all signs point to zero surprises. On Thursday, the Bank of England’s monetary policy committee will meet for the first time this year and decide whether to take the chop to interest rates. [...]
Drinks firms ‘have no choice’ but to increase prices, say industry bosses

January 31, 2026

Top drinks businesses “have no choice” but to increase prices after facing steep cost hikes from rising alcohol duty, industry leaders have warned. In November’s autumn budget, Chancellor Rachel Reeves confirmed that alcohol duty would increase in line with Retail Prices Index (RPI) inflation. It means that the tax charged on alcoholic drinks will increase [...]
London house prices ‘need’ to fall amid supply increase, housing minister says

January 30, 2026

House prices “probably need” to fall in London, the housing minister has said, after insisting that the government’s 1.5m home building target could still be met. Matthew Pennycook said Labour wants to encourage developers to compete on volume in order to ramp up housing supply and make homes more affordable. There are “people in London [...]
‘No comment’: City firms on Starmer China trip keep schtum

January 29, 2026

When Sir Keir Starmer boarded a British Airways flight to Beijing earlier this week, he brought with him a coterie of leaders from British industry to help fly the flag. More than 50 delegates were invited on the PM’s trip, many from top City institutions such as law firm Clifford Chance and accounting giant PwC. [...]
Find me a blander corporate rebrand than This Bank

January 29, 2026

What’s in a name? The corporate rebrand for This Bank is insipid and lacks imagination, says Simon Hunt. Marketing strategies are hard to get right. Coming up with a new name, a new logo, a new motto is riddled with danger. I don’t begrudge those paid to have a go at it. A litany of [...]

Burberry boss faces shareholder revolt over bumper £9.4m pay package

Bargain: England World Cup semi tickets vs Argentina just $2,700

How to become a (successful) vintage watch collector

By: Simon Hunt

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