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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Banking chief warns Reeves against ‘quick fixes’ in Budget

November 20, 2025

The boss of Britain’s trade association for financial services has warned Rachel Reeves against hiking taxes on banks at next week’s Budget. David Postings, chief executive of UK Finance, said London’s banking sector risked becoming less competitive with European peers if it were to face additional taxes. Speaking at a dinner for City execs at [...]
Reeves to give go-ahead to DLR Thamesmead extension at Budget

November 20, 2025

Rachel Reeves is set to give the green light to a proposal to extend the Docklands Light Railway to Thamesmead in a major expansion of London’s transport network. The move, which would mark the first extension to a London train line since the Overground extension to Barking Riverside in July 2022, promises to create 10,000 [...]
Jet2 shares soar as Tiktok meme pays dividends

November 19, 2025

Jet2 has seen its shares jump after a viral TikTok trend helped the London-listed airline see record passenger numbers over the summer. The London-listed business said it saw an increase of 750,000 passengers flown to 14m over the six months to the end of September. That helped group revenue rise 5 per cent to £5.3bn. Jet2 [...]
WH Smith chief executive quits after damning Deloitte audit report

November 19, 2025

The boss of one of Britain’s best-known retailers has quit the role after an investigation into the firm’s accounting practices uncovered major flaws. WH Smith chief executive Carl Cowling said he would step down with immediate effect on Wednesday after the report, produced by Big-Four audit firm Deloitte identified weaknesses in the operations of the [...]
FTSE 100 Live: Inflation falls to 3.6 per cent, WH Smith CEO quits

November 19, 2025

Good morning and welcome back to the City AM liveblog. Global markets downturn continued on Tuesday, with Europe left swimming in the red. The FTSE 100 closed the day down 1.27 per cent at 9,552 as the boss of Google gave the latest warning on the soaring valuation of tech stocks. Sundar Pichai, the head [...]
Yoti revenue surges amid boost from Online Safety Act rules

November 18, 2025

Yoti has seen a surge in revenue as the identity verification business was boosted by fresh rules introduced under the Online Safety Act. The London-based business posted a 55 per cent rise in turnover to £20.3m for the year to end March, according to accounts filed with Companies House. “Regulatory issues are central to the [...]
JP Jenkins secures Pisces licence as ‘discussions ongoing’ with rivals

November 18, 2025

JP Jenkins has become the latest securities venue to secure a Pisces operator licence by the UK’s financial regulator as competition heats up to attract businesses to the new private market. The approval makes JP Jenkins the second company to have received a licence from the Financial Conduct Authority (FCA) after London Stock Exchange operator [...]
Firstgroup doubles down on open access expansion despite DfT concerns

November 18, 2025

Firstgroup has doubled down on its open access expansion plans as the transport business defied government concerns over the scheme. The FTSE 250 firm said it was “focused on growing” its operations in open access, an arrangement under which private rail operators will continue to run services after the nationalisation of all major routes as [...]
FTSE 100 Live: Miners sink blue-chip index; CMA crackdown

November 18, 2025

Good morning and welcome back to the City AM liveblog. We’re another day closer to the all-important Autumn Budget and the mood started on a sour note once more on Monday. The FTSE 100 struggled to slip out of the red ending the day on a loss of 0.24 per cent to 9,675.43p. Meanwhile, the [...]
Revolut co-founder Nik Storonsky changes his name as new ID rules introduced

November 17, 2025

The co-founder of Revolut has changed his name on Companies House ahead of the introduction of new identity verification rules. Nik Storonsky has changed the spelling of his official name as a Revolut director to Nik Storonskiy, corporate filings show, in a move thought to align the spelling with how it appears on other official [...]

Everyman’s boss departs with immediate effect weeks after profit warning

Why Snap thinks 2026 will be Sport’s most connected and branded year yet

London exhibitions 2026: From Tracey Emin to Anish Kapoor

By: Simon Hunt

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