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.

All 515 Articles

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, [...]
CMA to investigate Aviva’s £3.7bn Direct Line deal

May 14, 2025

The UK’s competition watchdog has begun an investigation into insurance giant Aviva’s proposed £3.7bn acquisition of Direct Line. The Competition and Markets Authority said it had commenced its phase one inquiry to establish whether the deal would result in a “realistic prospect of a substantial lessening of competition.” The CMA has invited comment on the [...]
Is Rachel Reeves breaking up with the OBR?

May 14, 2025

City AM’s City Editor, Simon Hunt, unpicks the stories that get the Square Mile talking Rachel Reeves will do anything to keep the Office for Budget Responsibility (OBR) on side. Or so we thought. The chancellor made a number of last-minute changes to her Spring Statement to ensure her fiscal headroom stayed on target, including [...]
‘Cautious welcome’: City bigwigs react to Mansion House Accord

May 14, 2025

City analysts and politicians have been probing the ramifications of the Mansion House Accord, a new deal spearheaded by the government that aims to encourage more diverse investments by pension funds. The accord, which was signed by seventeen major pension funds yesterday, is a voluntary commitment to allocate ten per cent of funds to private [...]
Bytes Technology warns on increased cyber risk as profit jumps

May 13, 2025

Bytes Technology has warned of the increased risk of cyber threats as the Leatherhead-based business reported a jump in profit. The software supplier has upped the risk level of potential cyber threats to “increase” on its list of emerging risks, adding that it made the move “because of evolving and elevated global risk to IT [...]
Pension funds sign Mansion House Accord in £50bn boost to UK

May 13, 2025

The UK economy could be about to receive a £50bn cash injection after Britain’s biggest pension funds pledged to redirect resources into private markets in a major policy shift. The voluntary, non-binding agreement by the funds, dubbed the Mansion House Accord, will see increased investment into major infrastructure projects as well as greater venture capital [...]
Pension funds that don’t back UK assets should be named and shamed, Phoenix boss says

May 12, 2025

Pension funds that don’t invest in UK assets should be named and shamed, the architect of the Mansion House Compact has said, as he called for “bold” action to address problems in London’s capital markets. Sir Nicholas Lyons, chairman of Phoenix Group, said transparency was the best way to catalyse more investment into the UK [...]
Immigration rules to be ‘tightened up’ in Labour white paper

May 12, 2025

The prime minister has unveiled sweeping reforms to the UK’s immigration system in a bid to curb levels of net migration. In a speech on Monday, Sir Keir Starmer declared that securing indefinite leave to remain in Britain is “a privilege that must be earned, not a right” as he lays out a series of [...]
Time to build homes on the green belt, Sadiq Khan says in major strategy pivot

May 8, 2025

Sir Sadiq Khan is to call for homes to be built on London’s green belt in a major strategic shift on housing policy. In a speech on Friday, the mayor of London is to announce that City Hall will “actively explore” releasing parts of the green belt in a bid to bring an end to [...]
Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs

May 8, 2025

Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK [...]

Robbins: Starmer’s team was ‘dismissive’ about Mandelson vetting

Brentford FC recruits Indeed as shirt sponsor in multi-year deal

The cult of cute: The strange drama of corporate mascots

By: Simon Hunt

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