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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Agritech firm Vertical Future put up for sale on insolvency marketplace after losses widen

July 30, 2025

One of Britain’s biggest vertical farming businesses has been put up for sale on an insolvency marketplace after reporting widening losses, City AM can reveal. London-based Vertical Future, which has raised more than £37m in capital since it was founded in 2016, saw its losses surpass £10m in 2024 after turnover tumbled from £6.7m to [...]
Greggs shuts 56 stores amid ‘challenging start’ to the year

July 29, 2025

Greggs has shut more than 50 stores in the first half of 2025 after reporting a “challenging start” to the year. The number of closures without relocation is up 61 per cent compared to the same period last year, while the number of net new shops opening is down 40 per cent to 31, in [...]
The Nedification of the Square Mile

July 24, 2025

Such has been the success of The Ned since its launch in 2017, the company behind the brand is now planning a rural outpost, as City AM exclusively revealed this week. But what’s gone under the radar is the profound effect the institution has had on the Square Mile, with hoteliers rushing to emulate its [...]
Supreme Court judgment hardly draws a line under Libor

July 24, 2025

It would be convenient to think that yesterday’s Supreme Court judgment draws a line under the years-long Libor saga. The reality is far from it. The court decided to quash the conviction of former trader Tom Hayes of offences of conspiracy to defraud. But it did so not because there was no evidence of those [...]
Could a tourist tax ever work in London?

July 24, 2025

Maybe it’s because I’m a Londoner, but I reckon there are few better tourist destinations. Our city is bursting with history and culture, boasts dozens of plush green spaces and has more Michelin Stars than New York. Should people pay to get in? Ours is one of the top cities on earth to visit, but [...]
Business lender Shawbrook plots £2bn London IPO

July 23, 2025

Shawbrook is lining up a London IPO in the second half of the year in a much-needed boost to the capital’s public markets. The business lender is pressing ahead with plans that target a valuation of as much as £2bn, according to the Financial Times. The firm’s private equity owners had been seeking an exit [...]
Equinox losses nearly triple in the UK amid luxury sector woes

July 23, 2025

Equinox has posted a near-tripling in its UK losses as the fitness firm became the latest to suffer amid a downturn in the luxury sector. The firm, which has just three sites in the UK – all in central London – posted a £21m loss for its 2024 financial year, a rise of 267 per [...]
One month on, the wheels are already coming off the government’s industrial strategy

July 23, 2025

Today marks one month since the publication of the government’s shiny new industrial strategy. Businesses everywhere could hardly contain their excitement after hearing the scale of Downing Street’s ambitions. So, what has happened since? Here are some of the highlights. A biodiesel plant in Lincolnshire has been closed, as well as a nearby bioethanol plant. [...]
The ‘Tell Sid’ campaign should learn from the gambling industry

July 22, 2025

There are two common explanations for why Brits invest so much less in stocks than our US counterparts. The first is we have a risk-averse culture, so cash is king. The second is we are a poor nation, and many lack the money. But here’s a counterpoint: gambling. By some measures, the UK has the [...]
Astrazeneca plots huge $50bn US investment after ditching UK expansion plans

July 22, 2025

Astrazeneca has unveiled plans to invest as much as $50bn in manufacturing and R&D in the US after ditching its UK expansion plans in a blow to the government’s industrial strategy. The Cambridge-based pharma giant said it will spend the huge sum over the next five years, including on a new manufacturing facility in Virginia, [...]

M&S eyes up Brits’ weekly shops as food arm set to expand

David Beckham becomes Britain’s first billionaire sportsman

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

By: Simon Hunt

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