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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Thousands of university spinouts at risk over poor levels of support, experts warn

May 19, 2025

The UK could be missing out on thousands of cutting-edge spinout companies amid a dearth in funding and a shortage in support for founders, experts have warned. In October, the government committed as much as £40m to support spinouts over a five-year period in a bid to bridge the so-called “valley of death” between academic [...]
Guinness maker Diageo to offset US tariffs with cost cuts

May 19, 2025

London’s biggest drinks business, Diageo, has unveiled a $500m (£375m) cost-cutting programme as it struggles with the impact of US tariffs. Guinness and Johnnie Walker maker Diageo said it would make the cost savings over the course of three years, but did not confirm how many jobs would be impacted by the move. The firm [...]
Umbrella Union to be wound up after HMRC tax avoidance accusation

May 16, 2025

A Liverpool-based contracting company accused of promoting tax avoidance is to be wound up after appointing liquidators, City AM can reveal. The firm, called, Umbrella Union, described itself as an “umbrella contracting company” which “can help you comply with financial regulations whilst remaining self employed.” In October last year, HMRC added the company to its [...]
Pisces regulations have arrived. Here’s what you need to know

May 16, 2025

It’s the moment you’ve been waiting for. This week saw the publication of new regulations governing the Private Intermittent Securities and Capital Exchange System – or Pisces, to you and me. The regulations were laid before Parliament on Thursday as a Statutory Instrument, meaning they were waved through without debate, and will come into force [...]
Don’t force pension funds to buy British, Aviva chief warns ministers

May 15, 2025

British pension funds should not be forced to invest in UK assets, the boss of one of London’s biggest insurance firms has said, in a rebuke of the government’s pension reforms plans. The Treasury this week helped seal a voluntary, non-binding agreement by pension funds, dubbed the Mansion House Accord, will see increased investment into [...]
Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure

May 15, 2025

Profitp at Petroineos slumped in the months leading up the closure of its Grangemouth refinery, heavily delayed accounts have revealed, as the energy trading company wrestled with economic uncertainty, supply chain shocks and a shift away from fossil fuels. The Jersey-based business, which is backed by billionaire Manchester United owner Sir Jim Ratcliffe, posted a [...]
CMA handed ‘strategic steer’ as government pushes pro-growth agenda

May 15, 2025

The UK’s competition watchdog has been handed a “strategic steer” from Downing Street as the government pushes regulators to adopt its pro-growth agenda. The strategic steer, which is issued to regulators each parliament, sets out the government’s priorities for regulators and how they engage with the private sector. According to the Treasury, the steer “resets [...]
London Cypriots to get visit from President in ‘brain gain’ push

May 15, 2025

The President of Cyprus will visit Cypriot citizens based in London next week offering them generous tax incentives to return home. The relocation push – dubbed the ‘Brain Gain’ – is backed up with pledges of help with education, housing and free healthcare to lure skilled workers among Britain’s 300,000-strong diaspora back to their home [...]
Green belt homes ‘needed’ to solve housing crisis, Sadiq Khan says

May 15, 2025

London is suffering a chronic housing shortage. Lacklustre rates of housebuilding have helped push up the cost of a home to well beyond the reach of ordinary Londoners. The price of an average terrace house in Camden has roughly tripled compared to twenty years ago to more than £1.5m today, Land Registry data shows, while [...]
Imperial Brands CEO to leave FTSE 100 giant as successor named

May 14, 2025

The boss of Imperial Brands is to retire after five years at the helm of the business at the London-listed tobacco giant. Stefan Bomhard, who joined the company in July 2020, will step down as CEO in October this year. He will remain on the company’s board until the end of 2025. The German executive, [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Simon Hunt

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