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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Mahmud Kamani-backed vertical farm collapses after failing to find a buyer

October 3, 2025

A vertical farming group backed by the likes of Boohoo co-founder Mahmud Kamani has collapsed after being unable to find a buyer, owing creditors nearly £8m. London-based Vertical Future had raised more than £37m in capital since it was founded in 2016, courting high-profile investors including Kamani, Charles Tyrwhitt founder Nick Wheeler and World First [...]
‘Grotesquely unfair’: 700,000 Brits caught in 60 per cent tax trap

October 2, 2025

There are growing calls for the government to overhaul tax rules for top earners after fresh data obtained by City AM revealed just under 700,000 Brits are now caught in the so-called 60 per cent tax trap. Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year, according to [...]
Rachel Reeves plots stamp duty exemption for newly listed shares

October 2, 2025

There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag

October 2, 2025

Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
Fenchurch Street’s new skyscraper looks great. Will it ever get built?

October 2, 2025

The City of London Corporation has approved plans for another skyscraper in the Square Mile. Having had a look at the application, the building looks gorgeous and will surely make a great addition to the City’s skyline. I particularly like how the facade is interspersed with patches of greenery. But will it ever get built? [...]
Thought Machine lands £45m funding round after losses widen

October 2, 2025

Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City AM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
JP Morgan scraps Nutmeg in launch of new personal investing brand

October 1, 2025

JP Morgan is to scrap its Nutmeg brand and roll its services into a new consumer wealth management business as it intensifies its battle with market leader Hargreaves Lansdown. The new service, dubbed JP Morgan Personal Investing, will offer managed investments, pensions, and ISAs alongside digital financial planning tools and dedicated relationship managers. The bank [...]
FTSE 100 Live: Index hits record high as AstraZeneca and GSK shares soar

October 1, 2025

Good morning from the liveblog team at City AM. Some acronyms are so entrenched in common parlance that they need not be explained: NHS, GDP, MOT. Up until now, we at City AM thought ‘IPO’ sat squarely within that category. But the listings pipeline has become so thin, we may have to start reminding readers [...]
‘It’s a desert out there’: London sinks to 23rd in IPO venue rankings

September 30, 2025

The pace with which London is losing its status as a global financial markets hub has been laid bare after the capital fell to as low as 23rd in a global ranking of IPO destinations. Just £184m was raised on the London Stock Exchange in the first nine months of the year, a far cry from [...]
Business sentiment sours as firms brace for tax hikes

September 30, 2025

Business sentiment slumped in September as firms were braced for a fresh round of tax hikes in the autumn Budget. Private sector confidence slipped from 54 per cent to 42 per cent, according to the Lloyds Business Barometer survey, data which is typically seen as more cheery than rival surveys. Economic optimism edged down for [...]

AI minister: UK sets sights on global AI leadership, not Silicon Valley emulation

Delicious Orie: The boxer who swapped sparring for spreadsheets

Jamie’s Italian is awful but don’t worry, there are some great new Mediterranean restaurants too

By: Simon Hunt

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