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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Pockit taps shareholders for £13.4m after losses quadruple

June 8, 2026

Pockit has raised £13.4m from shareholders as it seeks to plug growing losses following its acquisition of London fintech Monese. The firm, which offers pre-paid cards to customers without the need for a credit check, said it completed the raise in May 2026 from venture capital investor Concentric as well as Shore Capital-owned investment firm [...]
Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth

June 8, 2026

Supermarket food inflation has risen significantly for the first time this year, a City AM analysis has found, flashing an early warning sign that the surge in energy and freight costs triggered by war in Iran is reaching shelf prices in the UK. City AM reporters gather data on around 200 prices of products across [...]
King Charles’ cleaner ups dividend after revenue surge

June 4, 2026

The official cleaner for King Charles III has upped its dividend as the facilities management business said it was able to get its customer base to dig deeper into their wallets. FTSE 250 member Mitie, which was recently awarded a Royal Warrant by appointment by Charles for services to the Royal Household, is to issue [...]
For stock-picking success, think like a PE investor

June 4, 2026

A certain City metric is taking off with investors as Easyjet is eyed by predators How do you pick shares for your investment portfolio? If you don’t understand the stock market, you could just chuck everything into a basic tracker fund and leave it be. If you’ve got a computer science PhD under your belt, [...]
China’s Chery poised to strike deal with Nissan to build cars at Sunderland plant

June 3, 2026

Chery is on the cusp of building its first manufacturing presence in the UK in the latest sign of Chinese carmakers gaining a major foothold in Britain’s electric vehicle market. The Omoda and Jaecoo owner, which is the third largest carmaker in China, has unveiled a non-binding memorandum of understanding (MoU) with Nissan to explore [...]
How Young’s is shrugging off hospitality gloom

June 3, 2026

Like many of his Square Mile customers, Young’s boss Simon Dodd knows how to schmooze with booze. Three years ago, the listed pub chain exec invited rival Clive Watson, the founder of City Pub Group, for lunch at Smiths, the top-notch bar and grill atop Smithfield market, for a steak and a glass of wine. [...]
Freddie’s Flowers losses double after firm shuts London warehouse

June 3, 2026

Freddie’s Flowers has incurred a more than doubling of its pre-tax losses after the firm closed its warehouse amid an outsourcing of operations. The London-based flower subscription business, which began operations in a gazebo in the garden of a residential street, posted a pre-tax loss of £2.1m in the year to August 2025, compared to [...]
Iran war triggers slump in selfies, ME Group warns

June 1, 2026

Europe’s biggest photobooth operator has warned of a slump in selfies amid the fallout from the war in Iran. London-listed ME Group, which operates the Photo.me network of over 30,000 booths as well as an events selfie business, has reported a revenue decline as much as 17 per cent in the month of April alone, [...]
Tesco deal helps Esquires Coffee owner to surge in sales as it eyes 300 stores

May 28, 2026

A fresh deal with Tesco helped the owner of the Esquires Coffee chain to a jump in turnover. Cooks Coffee Company, which is listed on Aquis, posted UK and Ireland store sales of £43.1m for the year to end March, a surge of 22.8 per cent. Pre-tax earnings rose 6.8 per cent to £529,000, while [...]
Adnams cuts alcohol content across range in beer overhaul

May 27, 2026

Adnams has reported early signs of success in its beer range overhaul after reducing the alcoholic content across a number of products. The Suffolk-based brewer, famed for its 0.5 per cent Ghost Ship low-alcohol beer, took the decision last year to introduce more lower strength beers in a bid to capture consumer demand for lower [...]

Billionaire IWG founder Mark Dixon steps down as chief executive

2026 World Cup: How England went from misery to magnet for blue chip brands

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

By: Simon Hunt

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