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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Another London blow as British engineering firm Doncasters plots New York IPO

October 29, 2025

The London Stock Exchange could be dealt another blow as one of the oldest engineering firms in Britain is reportedly drawing up plans for a New York IPO. Leeds-based Doncasters Group, a key supplier to Boeing, is understood to have approached banks over the share sale and is eyeing a 2026 float. Doncasters, which was [...]
GSK shares jump as profit upgrade defies tariff gloom

October 29, 2025

Shares in GSK climbed as much as three per cent to 1,705p on Wednesday morning as the pharma giant defied tariff fears with an upgrade to its profit guidance. The London-based business said it now expects turnover to increase by six to seven per cent for the full year 2025, up from its previous guidance [...]
WH Smith delays results by more than a month as accounting struggles persist

October 29, 2025

WH Smith has delayed the publication of its results by more than a month as it wrestles to get to the bottom of accounting issues that caused profit expectations to be overstated by tens of millions of pounds. The global travel retailer was due to publish its preliminary results on 12 November, but has now [...]
Transparency concerns as FCA makes short sellers anonymous

October 28, 2025

Firms short-selling UK-quoted companies will no longer have to reveal their identities in the latest deregulation drive by the UK’s financial watchdog. The Financial Conduct Authority (FCA) is consulting on a rule change to suspend disclosures of the companies that hold a short position in listed businesses, instead only publishing the total short positions in [...]
FTSE 100 live: HSBC takes profit hit, fresh food inflation rises

October 28, 2025

Good morning from the City AM liveblog team. It may have been more than 15 years since he was convicted and four years since he died, but legendary fraudster Bernie Madoff is still making headlines. Yesterday it was the turn of British banking giant HSBC to unveil the scale of its exposure to business connected [...]
Nik Storonsky-backed Robin AI seeks rescue buyer after fundraise falls short

October 28, 2025

An AI business backed by the likes of Revolut co-founder Nik Storonsky is seeking a rescue buyer after its fundraising ambitions fell short, City AM can reveal. London-based legal firm Robin AI has been put up for sale on an insolvency marketplace – meaning its future could be in doubt if a buyer is not [...]
Thousands of jobs at risk as Petrofac appoints administrators

October 27, 2025

North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took the decision after one of its customers, TenneT, terminated its relationship over a 2GW energy programme in the Netherlands. “Having carefully assessed its options, and the impact of TenneT’s decision… the directors of [...]
FTSE 100 Live: Goodwin shares soar, HSBC $1.1bn Madoff hit, Petrofac administration

October 27, 2025

Good morning from the City AM liveblog team. Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as if the bond market could do with a bit of reassurance, and it means that she won’t [...]
The compromising iPad photos that dragged a London quant trader to court

October 25, 2025

It’s never easy moving jobs in the Square Mile – especially for the higher ups. Once you reach a certain seniority, your employer frets over the threat posed if you jump ship – what strategic information you could take with you. That was true for a London-based quant firm called G-Research, after one of its [...]
FTSE 100 Live: Natwest ups guidance, Retail sales rise

October 24, 2025

Good morning from the City AM liveblog team. As we get closer and closer to the Budget, businesses are becoming more and more vocal on their concerns over what could be in store. Yesterday it was the turn of London estate agent Foxton’s, which warned of softened demand as a result of Budget uncertainty. “Macroeconomic [...]

Lawyers for alleged Prince Andrew trafficking victim now in contact with Police

Cowes Week announces Horner-linked North Sails as title sponsor

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

By: Simon Hunt

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