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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Corvera co-founder: Brits have it too comfortable

May 5, 2026

The boss of Corvera has said Brits take a too comfortable, risk-averse approach after moving his AI startup from London to San Francisco. Corvera co-founder and chief executive Christopher Kong, an Oxford graduate who launched a fast-growing vegan food range before setting up the AI business in October last year, said he found it easier [...]
‘Clear risk signal’: Gilt yields hit 28-year high as investors weigh Starmer’s future after local elections

May 5, 2026

Gilt yields have risen to their highest rate since 1998 as investors weigh the odds of Keir Starmer being ousted following what is widely expected to be a major defeat for Labour at the local elections. The yield on 30-year government bonds rose 11 basis points on Tuesday to hit 5.76 per cent, topping the [...]
Palantir revenue rockets past forecasts

May 5, 2026

Revenue at Palantir rocketed past analyst forecasts as the AI-powered firm ramped up commercial and government deals. The US tech firm posted revenue of $1.6bn (£1.2bn) in the first three months of the year, above investor expectations of $1.5bn and 85 per cent ahead of last year. The firm upped its revenue guidance to $7.6bn [...]
FTSE 100 Live: Gilt yields surge over Starmer fears; Intel, Pinterest shares rocket

May 5, 2026

Good morning and welcome back to the City AM liveblog. Gilt yields have risen to their highest rate in nearly thirty years, as markets weigh up the prospect of an ousted Keir Starmer and lurch to a more left-wing government that might follow. The yield on 30-year government bonds rose 11 basis points on Tuesday [...]
Blackstone, Saudi wealth fund collect £4m dividends from four Morrisons stores

May 4, 2026

Private equity firm Blackstone and the Saudi sovereign wealth fund have handed themselves £4m in dividends from their ownership of four Morrisons supermarket buildings. The pair acquired the sites – in Maldon, Stockport, Harrogate and Newcastle – for £110m in 2023 as part of a sale and leaseback arrangement which saw the supermarket chain sell [...]
Dragon Soop owners hand themselves £4.3m dividend after profit rise

May 4, 2026

The owners of Dragon Soop have handed themselves a dividend of £4.3m after the drinks brand toasted a rise in profit. Corinthian Brands, which is based in Knaresbrook and is owned by Paul Burton and John Hibberd, posted profit of just under £5m for 2025, a rise of 2.3 per cent on the previous year. [...]
MJ Gleeson warns building cost inflation prompting ‘high caution’

May 1, 2026

Housebuilder MJ Gleeson has sounded the alarm over building cost inflation, prompting “higher than usual caution” over its finances. The London-listed firm said on Friday: “We have recently seen some softening in footfall and reservations, and limited increases in the cost of some materials.” The effective blockade to the Strait of Hormuz caused by the [...]
South East Water chair quits after damning report by MPs

May 1, 2026

The chair of South East Water has resigned with immediate effect after a damning report by MPs into supply issues facing the utilities business. Non-executive chair Chris Train has departed after tens of thousands of residents in Kent faced disruption to water supplies in November and December. In a statement South East Water said: “Board [...]
Vertu Motors lands multi-million payout from JLR cyber-attack

April 30, 2026

Vertu Motors has landed a multi-million pound payout after suffering from the disruption caused by a cyber-attack at Jaguar Landrover. The AIM-listed car dealership said it was able to agree a £3.9m business interruption claim from its insurers after the attack “disrupted JLR vehicle supply, parts availability and connected systems used by JLR franchised retailers.” [...]
Howard de Walden Estate splashes £50m on Harley Street property deals

April 28, 2026

The Howard de Walden Estate has spent £50m on acquisitions in the Harley Street neighbourhood, City AM can reveal, as it tightens its dominance over the capital’s private health hub. The property company has acquired three long leaseholds in Harley Street and Wimpole Street, with a combined 50,000 sq ft footprint, featuring a blend of [...]

Associated British Foods rises to bread battle with Warburtons

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Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

By: Simon Hunt

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