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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Nscale doubles London office space as UK staff grows sixfold

August 5, 2026

Nscale has doubled its London office space as the AI hyperscaler cements its presence in the capital, City AM can reveal. The tech startup, which develops data centres for AI firms and is reportedly eyeing a $25bn valuation in an upcoming IPO, has leased out an extra floor in the Mayfair building that houses its [...]
‘Grinding it out’: Ibstock swings to loss and cuts dividend amid building slump

August 5, 2026

One of the UK’s biggest brickmakers has bemoaned a ‘challenging’ housebuilding market as it slashed its dividend and swung to a loss. Leicestershire-based Ibstock, which is London’s second most shorted stock with a reported short interest of 12.9 per cent, posted a loss of £27m for the first six months of the year, down from [...]
Hammerson boss mad for Manchester as firm snaps up Arndale shopping centre

July 30, 2026

Hammerson has snapped up a stake in one of the UK’s biggest shopping centres as the retail real estate firm expands its UK footprint. The FTSE 250 property company has paid £218m to acquire a 50 per cent stake in the Manchester Arndale shopping centre, marking the company’s first major external acquisition in over a [...]
LSEG boss hails ‘growing momentum’ of Pisces as profit soars

July 30, 2026

The boss of London Stock Exchange operator LSEG has hailed the “growing momentum” of its new Pisces venue as it reported a jump in profit. Chief executive David Schwimmer said the new private markets venue, which recently saw some of its first major transactions, was “opening up significant new market opportunities.” Earlier this month, autonomous [...]
Michael Dell, Lord Johnson and the ‘gun to the head’ meeting that ended a £15bn AI project

July 30, 2026

In December, billionaire Michael Dell opened an alarming email. “My trust in Mr Bellamy has been undermined by the way he has operated”, the email read, “and I cannot be certain the information he shared with you is accurate or complete”. The mysterious missive was sent by Patrick Hughes, the co-founder of a major new [...]
Here’s the right way to criticise the media

July 30, 2026

Did you catch Elon Musk’s blockbuster 90-minute interview with the Economist editor Zanny Minton Beddoes? It starts off with Musk’s predictions about the future of AI, which are interesting and alarming in equal measure. A lot of them sound far-fetched – will we really never need to work again in 10 years’ time? – but [...]
It’s not up to retail investors to revive the London Stock Market

July 30, 2026

The British Isa has once again reared its head. We report this week that Standard Life chair Nicholas Lyons has argued that the tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets. “Do we really want to be lowering the cost of capital for American companies by giving [...]
Record Interactive Investor inflows drives profit rise at Aberdeen

July 29, 2026

A surge in inflows at Interactive Investor helped wealth firm Aberdeen achieve rising profit in the first half of the year. The investment platform signed up tens of thousands of new customers, growing customer numbers by 14 per cent to 525,000 over the period, as the firm won out against rivals in the battle to [...]
‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn

July 25, 2026

The growing use of AI in warfare poses a much bigger threat to the future of the UK than the latest advances in frontier AI models, experts have told City AM. Nicholas Fairfax and Max Rangeley, co-editors of The Artificial Intelligence Revolution, said the ability of small actors to use AI to develop immensely powerful [...]
Roasting heat putting Brits off roasts, warns Toby Carvery owner

July 23, 2026

The sweltering summer heat has put Brits off their roasts, one of the UK’s biggest pub companies has warned, after the country set a fresh June temperature record. The owner of Toby Carvery, which offers year-round roast dinners and has more than 100 sites across the country, reported a 2.4 per cent drop in food [...]

Mike Ashley’s Frasers ups stake in Hugo Boss after takeover bid

London’s Square Mile needs its own major sports venue to keep up with rivals

We take a food and drink Odyssey through the Square Mile

By: Simon Hunt

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