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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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 [...]
Construction industry ‘not expected to recover’ in 2025, building supplier Lords says

May 8, 2025

The UK construction industry is unlikely to recover before the end of the year, one of Britain’s biggest building materials suppliers has said, as firms wrestle with rising taxes and increased uncertainty. London-listed Lords said it was continuing to focus on delivering efficiencies to deal with cost pressures and “an increasingly onerous regulatory environment” after [...]
Rachel Reeves to blame for UK’s economic uncertainty, report says

May 7, 2025

Responsibility for the UK’s sluggish growth prospects should lie squarely with Rachel Reeves’ fiscal policy, Britain’s oldest independent economics research institute has said, as it warned tax rises left the economy in a “risky and vulnerable position.” A report by the National Institute of Economic and Social Research pinned the economic uncertainty harming business confidence [...]
Vodafone CFO quits to become shortest serving in FTSE 100 giant’s history

May 7, 2025

The chief financial officer of Vodafone is to quit the FTSE 100 company just over 18 months after taking the job. Luka Mucic, who joined the telco’s board in September 2023, said he plans to leave “no later than” the spring of 2026, a move that would make him the firm’s shortest-serving CFO in its [...]
BAE Systems to spend billions on growth and hire thousands more staff

May 7, 2025

BAE Systems has said it plans to hire thousands more staff as the company prepares for an increase in global defence spending. Shares in the London-listed company have rocketed more than 50 per cent since the start of the year. This morning, it said it plans to recruit as many as 2,400 new apprentices, undergraduates, and graduates [...]
Key takeaways from Deliveroo’s Doordash deal

May 6, 2025

Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
Government signs landmark billion-pound trade deal with India

May 6, 2025

Billions of pounds in extra trade could soon flow between India and the UK after the two nations signed a landmark free trade agreement, ending years of protracted negotiations. The deal, which the UK government said was the most “economically significant” free trade agreement signed since Brexit and the “best deal India has ever agreed”, [...]
Brighton Pier Group joins JP Jenkins after quitting AIM

May 6, 2025

Brighton Pier Group has become the latest business to join liquidity venue JP Jenkins after quitting the AIM stock market. The company, which owns Brighton Palace Pier, the Lightwater Valley Family Adventure Park and a group of bars and mini-golf sites, unveiled its plans to exit AIM in early April, after complaining of high costs, [...]
Deliveroo reaches agreement on £2.9bn DoorDash takeover

May 6, 2025

The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Construction firm insolvencies jump to fresh high amid rising costs

May 5, 2025

Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]

City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

Championship clubs up promotion gamble by adopting new financial rules

Why now is the perfect time to visit Cyprus

By: Simon Hunt

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