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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‘Extraordinary denial of reality’: Ricardo shareholder pens open letter amid vote to oust chair

May 28, 2025

One of the largest shareholders in transport and energy consultancy Ricardo has blasted the firm’s “blinkered perspective” and “extraordinary denial of reality” ahead of a vote to oust its chair. Science Group, which controls around a fifth of the share capital of the London-listed business, earlier this month called for a general meeting of shareholders [...]
UK public spending will swell to more than half of GDP, IMF warns

May 28, 2025

The British state will swell to more than half the total size of the UK economy under the government’s current plans, the International Monetary Fund has warned, as it sounded the alarm on “tough policy decisions” needed to meet ballooning spending. Total public expenditure is projected to grow by eight percentage points over the next [...]
Up to 4,000 livelihoods at risk as ABF prepares to pull plug on bioethanol plant

May 27, 2025

As many as 4,000 livelihoods are at risk after the owner of Britain’s largest bioethanol plant has warned it could shut within days, citing UK-US tariff policy. ABF, which owns the Vivergo Fuels plant in Yorkshire, has written to farmers warning it planned to suspend purchases of wheat used in the production process unless the [...]
Firms ‘staying private for longer’ as listing drought set to continue, Baillie Gifford says

May 27, 2025

British businesses are set to stay “private for longer” as a drought in IPOs shows no sign of coming to an end, an investor at Baillie Gifford has warned. Pater Singlehurst, head of private company investments at the Edinburgh-based business, said investors would need to regain trust in companies looking to list before any signs [...]
‘The most calls I’ve ever had’ – Why Japanese bonds have suffered surging yields

May 27, 2025

The Japanese bond market has suffered one of its worst weeks in years. An auction on Japan’s 20-year government bond saw its bid-to-cover ratio, a measure of demand, sink to levels last seen in 2012, while the auction’s tail, the gap between average and lowest-accepted prices, widened to the longest since 1987, in another sign [...]
Could Gordon Ramsay’s ramen deal be his latest kitchen nightmare?

May 27, 2025

“Take a nice hefty fork of noodles,” Gordon Ramsay says, “and now we’re going to start building.” “Sprinkle my veg in and around: look at that, beautiful. And then add a touch more noodles.” Ramsay is in the middle of a YouTube tutorial on the Chef Woo channel, showing viewers how to make a chicken [...]
New warning over ‘stealth’ £9bn income tax raid

May 27, 2025

The government is under fire over its “stealth tax bombshell” as hundreds of thousands of Brits are set to be dragged into higher tax bands by the end of the decade. As many as 1.9m workers will see their pay fall into higher tax brackets by 2030 as the bands fail to keep pace with [...]
Slash red tape for fund managers or risk ‘industry exodus’

May 23, 2025

The government must slash red tape preventing new fund managers from setting up or risk an industry exodus, experts have warned. The rate of new fund management businesses being created has dropped precipitously in recent years as high barriers to entry have pushed too many entrepreneurs away from the industry, according to a report by [...]
BT ups dividend as firm refocuses on the UK

May 22, 2025

BT has upped its dividend to shareholders as the telecoms giant reported a rise in profits. The FTSE 100 company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year. The firm’s policy is to at least maintain or increase [...]
Government debt sale delayed over ‘Bloomberg system issues’

May 21, 2025

An auction of UK government debt was delayed on Wednesday after a Bloomberg system outage prevented traders from participating. In a statement the UK’s Debt Management Office (DMO) said: “Due to the ongoing market-wide Bloomberg system issues, the bidding window for this morning’s auction of 4 per cent Treasury Gilt 2031 is being extended.” A [...]

Block slashes 4,000 jobs in latest AI warning

London Broncos signs deal with Australian fintech OFX

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

By: Simon Hunt

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