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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BHP profit hits five-year low amid weaker iron ore prices

August 19, 2025

Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn (£7.6bn) in the year to June, a decline of 26 per cent compared to last year and the lowest since the start of the pandemic [...]
End of Windows 10 support will trigger wave of upgrades, Westcoast says

August 18, 2025

A withdrawal of support for Windows 10 is likely to trigger a rush to upgrade systems before the deadline, the UK’s biggest IT supplier has said as it posted a jump in sales. The Windows 10 operating system, which was introduced by Microsoft in July 2015, will no longer be supported from October 14 2025 [...]
David Beckham-backed Guild Esports put up for sale on insolvency marketplace

August 14, 2025

An esports company backed by David Beckham has been put up for sale on an insolvency marketplace, City AM can reveal. Guild Esports, which owns a multi-story gaming venue in Shoreditch, is seeking offers from prospective buyers with a bid deadline of Friday. Founded in 2018, the company employed esports teams which competed in popular [...]
Kensington Roof Gardens plunges to £26m loss

August 13, 2025

The company behind the revamped Kensington Roof Gardens suffered a £26m loss after the venue reopened as a private members’ club, its latest accounts reveal. The grade-II listed former nightclub, situated on London’s swanky Kensington High Street, unveiled plans to launch as a members’ club in February last year, offering annual memberships of up to [...]
Crypto is all that’s propping up London’s miserly capital raising statistics

August 13, 2025

After London’s capital markets suffered one of their quietest starts to the year in decades, brokers all had the same words on their lips: second-half. Everything will pick up in the second half, they said. You just wait and see. If the start of the second half is anything to go by, those brokers may [...]
Here’s how Sadiq Khan could build 250,000 more homes

August 12, 2025

Fewer than 1,000 homes were built in London in the second quarter of this year. This is a truly abysmal construction rate – and at a time when the capital’s need for new housing grows more and more acute. Whatever Sadiq Khan’s been doing the past nine years, it isn’t working. Time, therefore, to get [...]
Plus500 customer deposits more than double to record $3.1bn

August 11, 2025

Plus500 has seen its customer deposits more than double to a record $3.1bn (£2.3bn) as wealthy investors piled in to its share trading app. The London fintech said the average deposit held by an active customer stood at $17,250 by the end of the first half of the year, a jump of 105 per cent [...]
AIM directors ruffle shareholder feathers with exec pay shenanigans

August 7, 2025

It’s not just Tesla awarding eye-watering pay to execs. Even the bosses of the smallest of small caps are finding novel ways to boost their remuneration. That appears to be the case for the directors of AIM-listed property company DCI Advisors. In October 2023, DCI proposed an incentive plan which, by the calculations of the [...]
Serco: Defence spending pushes order pipeline to 10-year high

August 7, 2025

Government services firm Serco’s order pipeline has risen to the highest in more than a decade as countries across Europe and North America ramp up their defence budgets. The firm’s pipeline stood at £11.9bn, up six per cent compared to the end of last year, with as much as 80 per cent of its order [...]
Could this be Britain’s most expensive shed?

August 7, 2025

As we report today, there’s been a nationwide downturn in construction. The issue is especially acute in London – the place housing is needed most – where the number of new home starts is hurtling towards zero. At this rate, there is just no way the government will meet its target of building 1.5m new [...]

City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

Championship clubs up promotion gamble by adopting new financial rules

Bentley Bentayga Speed: The maddest, baddest SUV you can buy

By: Simon Hunt

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