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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Virgin Media slapped with £24m Ofcom fine

December 1, 2025

Ofcom has dished out its biggest fine of the year after accusing telecoms giant Virgin Media of failing to protect vulnerable customers. The media regulator has hit Virgin Media with a £23.8m fine over its treatment of customers during a planned transition from analogue to digital landlines. Virgin Media notified Ofcom over incidents connected with [...]
Blockbuster FTSE merger abandoned after shareholder fury

December 1, 2025

A plan to merge two FTSE-listed funds to form the UK’s largest infrastructure investment firm has been abandoned after shareholders expressed frustration with the terms of the deal. HICL Infrastructure said it will no longer be proceeding with its planned merger with The Renewables Infrastructure Group (TRIG) after its board “determined that it cannot progress [...]
Reeves ends Budget week with more unanswered questions than she started with

November 29, 2025

It was supposed to be the week that ended months of uncertainty. But Rachel Reeves has finished Budget week with more questions to answer than she started with. Not all of it was bad. Increasing the fiscal headroom was prudent. Cutting back motability spending was sensible. Removing a loophole that allowed private hire firms to [...]
Relief for Cirata after FCA closes investigation

November 27, 2025

Cirata execs have breathed a sigh of relief after the financial regulator closed a two-year investigation into the software firm, drawing a line under the dramatic events that caused the firm’s stock to plummet. In March 2023, Cirata – or Wandisco, as it was then known – revealed it had massively overstated its sales figures, [...]
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 [...]

Football regulator to investigate bad club owners from next week

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What’s on London in December 2025

By: Simon Hunt

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