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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How to keep the wheels on private rail? Bring back first class service

December 4, 2025

The era of rail renationalisation is an opportunity for the remaining open access operators to compete with a luxury offering, says Simon Hunt Amid all the Budget chaos last week, one big government announcement was drowned out: the transport department is freezing rail fares. Most commuters would gladly favour a freeze over a repeat of [...]
Powervault: London Mayor-backed Tesla battery rival collapses

December 3, 2025

Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]
The 68p lawsuit that threatened to upend the British bond market

December 3, 2025

In 2023, the Financial Conduct Authority set out to modernise the bond market. A noble ambition. But as many seasoned City execs will tell you, noble ambitions from regulators don’t always work out how they were intended. The FCA proposed to introduce what’s known in industry jargon as a consolidated tape – a system which [...]
On the Beach shares rocket as firm gears up for record summer

December 2, 2025

On the Beach is getting itself ready for a record summer season as consumers hold on to their overseas holidays despite feeling the squeeze. The travel retailer said its Winter bookings were 15 per cent ahead of last year while bookings for next summer were “encouraging” and likely to be the highest yet. Chief executive [...]
Zipcar UK to shut operations ahead of new London EV Congestion Charge

December 1, 2025

Zipcar has reached the end of the road in the UK after its US owner pulled the plug on operations in the run up to the introduction of fresh London Congestion Charges for electric vehicles. The car hire business has begun a formal consultation with employees in the UK and will stop taking new bookings [...]
FTSE 100 Live: Starmer denies Budget ‘misleading’ as Reeves on brink

December 1, 2025

Good morning and welcome back to the City AM liveblog. It was quite the Budget week to end November and for many more questions were created than answered. Whilst Labour might’ve hoped it would be be their rallying moment – with the lifting of the two-child benefit cap and doubling of the Chancellor’s fiscal buffer [...]
Markets responded positively to Budget, says Peel Hunt chief

December 1, 2025

The boss of one of London’s best-known investment banks has shrugged off concerns over the Budget, suggesting that the tax-raising plans pleased financial markets. Peel Hunt CEO Steven Fine said markets viewed the state of the UK’s finances as “quite stable” following the Budget, pointing to a rise in the government’s fiscal headroom which helped [...]
Steven Bartlett hiring journalists for new tech news site

December 1, 2025

Dragons’ Den entrepreneur Steven Bartlett has set up his own journalism website focused on technology news, City AM can reveal. The website, Founded.com, is to report on technology companies based in the UK and US and is expected to officially launch in the middle of December. A total of 10 journalists, as well as an [...]
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 [...]

Kia Oval worth £80m to the UK economy as Test gets underway

Kia Oval worth £80m to the UK economy as Test gets underway

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Simon Hunt

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