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.

All 459 Articles

Costain shares jump after Peel Hunt, Panmure raise target price

June 16, 2025

Shares in Costain jumped as much as 10 per cent in early London trade after raised price targets from analysts at both Peel Hunt and Panmure Liberum. The London-listed construction company’s target price was upgraded to 150p from 135p by Peel Hunt and to 170p from 150p by Panmure Liberum. The firm unveiled a £10m [...]
Bitcoin owner Smarter Web Company raises £30m after stock rockets

June 16, 2025

The Smarter Web Company has raised £29.3m in a new share offer as the Aquis-listed tech firm cashes in on continued investor enthusiasm for the stock. The Guildford-based business said it had raised £1.5m via a subscription and £27.8m via an accelerated bookbuild with institutional investors, with an offer price of 180p. The Smarter Web [...]
Badenoch asks businesses to publicly back Tories

June 12, 2025

Kemi Badnoch courted the private sector by promising to reverse tax rises and slating “compliance culture” in an address to the UK’s biggest businesses. The Tory leader invoked the adage that they are the “natural party of business,” while requesting her audience “speak up” in support of pro-business policies. “Put your name to the cause,” the [...]
Will Pret a Manger’s IPO be a tasty treat for the City?

June 12, 2025

There are few better ways to start the morning than with a bacon sandwich. Outside City AM‘s offices on Cheapside, a coterie of cafes and sandwich shops open at 6am to sate City workers’ cravings for the greasy, umami-rich bap. There is often a line stretching out the door at Greggs, which charges £3 for [...]
Could Pisces replace AIM, or will it crash and burn?

June 12, 2025

The FCA’s rules on the new Pisces private market framework have been published. It’s now over to exchange groups to apply to become operators, with trading expected to commence before the end of the year. It’s hoped these new types of platform, which facilitate the trading of shares in private companies, will address a long-standing [...]
Spending Review: Gilt yields dip in relief for Rachel Reeves

June 11, 2025

Gilt yields fell in the minutes following the publication of the government’s Spending Review, paring back earlier rises and raising hopes the Chancellor had placated markets over her splurge on infrastructure, energy and healthcare spending. The 10-year UK government bond yield nudged down from 4.61 per cent to 4.55 per cent after the Spending Review [...]
Spending Review: Reeves splashes cash across transport, healthcare and energy

June 11, 2025

Rachel Reeves has insisted her fiscal rules are “non-negotiable” as the Chancellor splurged on transport, tech and energy investment in her Spending Review, paving the way for further tax hikes in the autumn. Reeves said she made “the choices necessary to fix the foundations of our economy” accusing the previous government of leaving a “£22bn [...]
Peel Hunt boss renews calls for tax cuts to rescue ailing public markets

June 11, 2025

The boss of City broker Peel Hunt has called for a raft of fresh tax cuts for London’s stock market to help stem the flood of delistings and end the dearth of flotations. CEO Steven Fine called for stamp duty on share trades to be abolished in a bid to help “shift this doomloop of [...]
FCA lays out Pisces rules with trading to begin later this year

June 10, 2025

The UK’s financial regulator has published its rulebook for the new Pisces market framework, laying the ground for trading to commence later this year. The new type of platform, which facilitates the trading of shares in private companies, promises to address a long-standing liquidity gap for growth companies and early investors, offering a potential bridge [...]
Oxford Instruments shares sink as it sells quantum business to US firm

June 10, 2025

Oxford Instruments has become the latest British business to hand its quantum technology to the US after reaching a deal with California-based Quantum Design. The FTSE 250 business has offloaded its quantum arm, called NanoScience, to the US firm in a £60m deal, a move it said would help improve focus on profitability amid a [...]

UK Sport: We invest £32m in winter sports because Britain cares deeply

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Simon Hunt

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