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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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 [...]
Simmons: Bar chain owed millions to OakNorth, tax collectors before entering administration

August 6, 2025

Simmons owed millions of pounds in debts to OakNorth bank and tax collectors before it was put into administration, fresh corporate documents have revealed. The London-based cocktail bar chain has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a [...]
Government weighs offering HR vouchers to small businesses over employment rights changes

August 6, 2025

The government is weighing offering free HR advice to small businesses as it braces for the fallout from measures contained in its forthcoming Employment Rights Bill, City AM can reveal. The Department of Business and Trade is understood to be considering a voucher scheme in which firms would be given time with HR specialists to [...]
Rachel Reeves needs £50bn tax raid to stick to fiscal rules, economists warn

August 6, 2025

The Treasury will need to raise more than £50bn in fresh taxes to stay within its fiscal rules, one of the UK’s most prestigious economic groups has warned, laying bare the scale of the pain that could be wrought on businesses by Rachel Reeves in the autumn. The government is set to miss its “stability [...]
Spectris bidding war intensifies as KKR submits fresh offer

August 5, 2025

The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
Y-Combinator-backed agritech Supplant put up for sale after plunging into administration

August 5, 2025

An agritech firm backed by the likes of Y-Combinator has been put up for sale after being plunged into administration, City AM can reveal. Cambridge-based Supplant, which had raised more than £25m in funding since launch, is now searching for a rescue buyer and will accept offers over just £2.5m, according to an insolvency marketplace [...]
London cocktail chain Simmons enters administration amid site closures

August 5, 2025

London cocktail chain Simmons has entered administration after announcing plans to close at least four sites as it became the latest victim of the immense cost pressure facing hospitality firms. The upmarket bar group, which had operated more than 20 venues across the UK, has appointed advisory firm Kroll to oversee the administration, company filings [...]

Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’

Royal Ascot worth £140m to UK economy

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Simon Hunt

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