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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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 [...]
FTSE 100 Live: Nvidia invests in Revolut, M&C Saatchi, S4C shares tumble

November 24, 2025

Good morning from the City AM liveblog team. Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork [...]
FTSE 100 Live: Asos shares tumble, retail sales drop, Babcock sinks

November 21, 2025

Good morning from the City AM liveblog team. With just days to go before the Budget, there is increasing investor nervousness about what surprises could be in-store for businesses. Few are expecting those surprises to be pleasant. Speaking to the paper yesterday, the boss of the world’s biggest platinum group metals recycler warned Rachel Reeves [...]
Shoplifting ‘epidemic’ and AI data centre demand help Mitie revenue surge

November 20, 2025

Rising demand for shop security guards and AI data centres have helped drive a surge in sales for security and engineering services company Mitie. The FTSE 250 business, which has more than 80,000 staff, saw a 12 per cent rise in revenue from security services to £580m in the six months to end September, fueled [...]
FTSE 100 Live: AI boom continues, JD Sports update

November 20, 2025

Good morning from the City AM liveblog team. Among the least-desired accolades for a company chief executive is to see their firm’s share price rise the moment they announce their departure. Unfortunately for him, the latest exec to have been dealt this honour is the boss of WH Smith, Carl Cowling, who yesterday watched the [...]
Banking chief warns Reeves against ‘quick fixes’ in Budget

November 20, 2025

The boss of Britain’s trade association for financial services has warned Rachel Reeves against hiking taxes on banks at next week’s Budget. David Postings, chief executive of UK Finance, said London’s banking sector risked becoming less competitive with European peers if it were to face additional taxes. Speaking at a dinner for City execs at [...]

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Pep Guardiola to stay on CFG payroll after quitting Manchester City

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Simon Hunt

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