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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FTSE 100 Live: Lloyds takes profit beat, LSEG new investment

October 23, 2025

Good morning from the City AM liveblog team. Just how much is the motor finance redress scheme going to cost Britain’s biggest banks? Yesterday’s results from Barclays offered an insight – and it wasn’t pretty. The Canary Wharf-based bank almost quadrupled the provision it had set aside to cover motor finance claims, from under £100m [...]
Rachel Reeves plans another NIC tax raid at November Budget

October 21, 2025

Rachel Reeves is gearing up for another billion-pound raid on National Insurance Contributions (NICs) as the Chancellor finds ways to plug a huge fiscal black hole in November’s Budget. Reeves is understood to be drawing up plans to extend NICs taxes to include limited liability partnerships or LLPs, to whom the tax does not currently [...]
Playtech shares tumble after firm becomes embroiled in US lawsuit

October 21, 2025

Shares in Playtech tumbled on Tuesday after it emerged the gambling software firm had become embroiled in a US defamation lawsuit. The FTSE 250 firm has been named as the company behind a 2021 investigative report which made a string of misconduct allegations against its Swedish rival, Evolution. Playtech is understood to have commissioned Israeli [...]
Coca-Cola HBC in £2bn Africa takeover

October 21, 2025

London-listed bottling business Coca-Cola HBC is to acquire Coca-Cola Beverages Africa in a $3.4bn (£1.9bn) deal. The cash-and-shares deal, which will be part-funded by a new bridge debt facility, will see a transfer of the ownership of the African bottling business after 85 years of ownership by the South African Gutsche family. The move will [...]
FTSE 100 Live: Public borrowing jumps, Coca Cola £2bn takeover

October 21, 2025

Good morning from the City AM liveblog team. The London listings revival is gathering pace as prize draw operator Winvia today confirmed plans for an initial public offering (IPO) in the capital. The Omaze rival is set to list on London’s junior AIM market, seeking to raise around £40m from the sale of new shares [...]
Secure Trust Bank, Bank of Ireland up motor finance provisions

October 20, 2025

Secure Trust Bank and the Bank of Ireland have added themselves to a growing list of businesses upping their provisions ahead of a flurry of claims expected in connection with the motor finance scandal. Following the publication of the UK finance watchdog’s review into the saga, Secure Trust Bank said it had more than tripled [...]
B&M shares tumble as CFO quits after huge accounting blunder

October 20, 2025

Shares in B&M have tumbled as the firm’s finance officer has quit following an accounting blunder that led to the company overstating its profits. The FTSE 250 retailer said it had failed to recognise as much as £7m in overseas freight costs, which disappeared from its forecasts “following an operating system update.” As a result, [...]
Prize draw operator Winvia plots London float

October 20, 2025

The London listings revival is gathering pace as prize draw operator Winvia today confirmed plans for an initial public offering (IPO) in the capital. The Omaze rival is set to list on London’s junior AIM market, seeking to raise around £40m from the sale of new shares at an expected valuation of around £200m. Winvia [...]
FTSE 100 Live: Fresh London IPOs, L&G in £2bn plan

October 20, 2025

Good morning from the City AM liveblog team. Markets have opened, and here are some of the movements so far on the London Stock Exchange: As Rachel Reeves does her maths ahead of the 26 November Budget, she will hope that Labour’s policies have delivered enough growth to limit the number of tax hikes needed [...]
Sadiq Khan to blame for slump in London housing starts, think tank says

October 17, 2025

Sadiq Khan is to blame for a dearth in housebuilding in London, a leading think tank has warned, as new construction projects slumped to their lowest level seen in years. A perfect storm of challenging macroeconomic conditions, needlessly stringent regulation and a sluggish planning process has helped push construction rates down to just 4,170 housing [...]

Lord O’Neill declines job in Burnham government

Illegal Premier League betting could hit £1bn within year

Meet the Destrier, Bugatti’s most extreme one-off yet

By: Simon Hunt

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