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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JP Morgan scraps Nutmeg in launch of new personal investing brand

October 1, 2025

JP Morgan is to scrap its Nutmeg brand and roll its services into a new consumer wealth management business as it intensifies its battle with market leader Hargreaves Lansdown. The new service, dubbed JP Morgan Personal Investing, will offer managed investments, pensions, and ISAs alongside digital financial planning tools and dedicated relationship managers. The bank [...]
FTSE 100 Live: Index hits record high as AstraZeneca and GSK shares soar

October 1, 2025

Good morning from the liveblog team at City AM. Some acronyms are so entrenched in common parlance that they need not be explained: NHS, GDP, MOT. Up until now, we at City AM thought ‘IPO’ sat squarely within that category. But the listings pipeline has become so thin, we may have to start reminding readers [...]
‘It’s a desert out there’: London sinks to 23rd in IPO venue rankings

September 30, 2025

The pace with which London is losing its status as a global financial markets hub has been laid bare after the capital fell to as low as 23rd in a global ranking of IPO destinations. Just £184m was raised on the London Stock Exchange in the first nine months of the year, a far cry from [...]
Business sentiment sours as firms brace for tax hikes

September 30, 2025

Business sentiment slumped in September as firms were braced for a fresh round of tax hikes in the autumn Budget. Private sector confidence slipped from 54 per cent to 42 per cent, according to the Lloyds Business Barometer survey, data which is typically seen as more cheery than rival surveys. Economic optimism edged down for [...]
Asos shares sink after sales fall behind expectations

September 30, 2025

Shares in e-commerce fashion firm Asos have tumbled after the company reported sales short of expectations and vowed to extend its cost-cutting programme in a bid to secure “even stronger profitability foundations”. The London-based business said it “had planned to shift gears” from rebuilding its commercial model towards “re-engaging with customers.” “Instead, more opportunity to [...]
FTSE 100 Live: Asos and Close Brothers lead City stocks’ fall as economic growth slows

September 30, 2025

Good morning from the City AM liveblog team. When Rachel Reeves prepared her inaugural budget last year, she had little in the way of good news to impart to the people of Britain. The chancellor said she’d been left a bad inheritance, and had to raise tens of billions of pounds in extra taxes to plug spending [...]
Access Bank chief executive snaps up £15m Hampstead mansion

September 30, 2025

The boss of Nigeria’s biggest bank has snapped up a £15m mansion in one of London’s most prestigious postcodes, City AM can reveal. Roosevelt Ogbonna, who has been the chief executive of Lagos-based Access Bank since May 2022, has acquired a luxury pad on The Bishops Avenue in Hampstead. The transaction for the property was [...]
Wolseley City launch sends Wolseley Group subsidiary sales past £10m

September 30, 2025

Strong sales at Wolseley City have pushed a subsidiary of the eponymous restaurant group’s sales past £10m for the first time, its latest accounts show. The King William Street-based bar and restaurant, which opened in November 2023, helped turnover at the Wolseley Hospitality Group jump 85 per cent to £10.8m in 2024, alongside the launch [...]
Will we mourn the loss of WH Smith from the high street?

September 29, 2025

So long then, WH Smith, a firm which has graced our high streets for more than a century – even though it never intended to. Founded as a small newspaper kiosk in Mayfair in 1792, the business grew massively in the mid-19th century, spurred by the rapid expansion of the railways, which allowed consumers up [...]
Astrazeneca to ‘upgrade’ US listing in latest blow to London Stock Exchange

September 29, 2025

Astrazeneca has laid out plans aimed at “upgrading” its US listing in the latest blow to the London Stock Exchange. The Cambridge-based pharma giant said it would replace its existing Nasdaq listing of American Depositary Receipts (ADRs), a type of listing for trading overseas shares, with a direct listing of ordinary shares on the New [...]

Mastercard issues winding up petition against London fintech Guavapay

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Best of 2025: Mass hallucinations – how I caught an AI reporter

By: Simon Hunt

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