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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Eon, Hometree strike deals to snap up parts of Ovo Energy

May 11, 2026

Two arms of Ovo Energy have been snapped up by separate buyers, ending uncertainty over the retail energy giant’s future. German energy firm Eon is to acquire Ovo’s retail business, creating one of the UK’s biggest energy operators with around 10m combined customers, while Ovo’s Home Services arm, including Corgi Homeplan and Homepeat, is to [...]
Compass shares jump as it shrugs off inflation concerns with profit upgrade

May 11, 2026

Shares in Compass Group jumped on Monday morning as shrugged off concerns over inflation eating into its margins after upgrading its profit forecasts. The FTSE 100 catering giant, which has served meals everywhere from prisons to oil rigs, upped its profit growth estimate from 10 per cent to “above” 11 per cent for the year [...]
Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

May 7, 2026

The UK needs to welcome many more business founders from abroad to rejuvenate the economy, one of Britain’s best-known entrepreneurs has said, as he issued a rallying cry to renew faith in the future of the country. In a wide-ranging speech at the City AM Awards ceremony at the Guildhall last night, Brent Hoberman, who [...]
Tony Travers: London local election result could trigger housebuilding slump

May 7, 2026

The result of the forthcoming local elections could trigger a further slump in housebuilding in the capital as a shake-up in council composition obstructs development plans. Voters head to the polls in every London borough today, with polling suggesting Labour is on course to shed dozens of seats and lose its grip on the capital, [...]
No, a pint does not cost £10 in London (see for yourself)

May 7, 2026

Headlines appeared over the weekend that a London pint now costs £10. This leaves a bitter taste. Granted, look hard enough and you’ll find a private members’ club here, a chichi restaurant there, that has found customers with deep enough pockets to pay a fortune for supermarket lager. But this has always been true – [...]
London local elections 2026: Who will win in Kingston upon Thames?

May 6, 2026

In the Lib Dems’ leafy heartlands, campaigns have included demands for an M&S. But a third runner has entered the traditional two-horse race with the Tories in Ed Davey’s own backyard – the Kingston Independent Residents Group. Kingston upon Thames is both the geographic and the spiritual home of the Liberal Democrats. The leafy south [...]
London local elections 2026: Conservatives HOLD Kensington and Chelsea

May 6, 2026

Kensington and Chelsea has been held by the Conservatives. The Tories comfortably retained the affluent borough, holding their seat count at 36. The Labour Party saw its seat count nearly halved, to seven, as the Lib Dems remained on two seats. The Green Party took one seat and one independent candidate was elected. Kensington stays Tory Kensington [...]
London local elections 2026: Who will win in the borough of Islington?

May 6, 2026

Labour’s dominance makes it almost a one-party authority here. But the Greens are on the march backing rent control after big-name infighting between the likes of Jeremy Corbyn and Keir Starmer means no shortage of political drama. At first glance, Islington Council’s composition is like North Korea’s. It is all-but a one-party authority. At the [...]
Diageo shares jump as World Cup hype helps drinks giant back to sales growth

May 6, 2026

Shares in Diageo jumped on Wednesday morning as high hopes for a high-drama World Cup has helped lift the drinks firm’s sales back into positive territory. The Guinness and Johnnie Walker maker, which has been battling a slowdown in demand for spirits, said it had seen “some benefit” of “advance sales” ahead of the start [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close

May 6, 2026

Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]

More Big Four blues as Deloitte plans to slash UK audit roles

Brits urged to back UK pubs during World Cup amid booking surge

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

By: Simon Hunt

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