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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‘Golden opportunity’ for European equities, says CEO of stock exchange SIX

July 16, 2025

Europe must seize a “golden opportunity” for the revival of its capital markets, the boss of one of the continent’s biggest stock exchange businesses has said, as he called for stronger retail participation in equities to keep pace with the US. Six CEO Bjorn Sibbern, who earlier this month completed the £225m takeover of London-based [...]
Regulation is ‘a boot on the neck of businesses’, Rachel Reeves to warn at Mansion House

July 15, 2025

Financial services regulation is “a boot on the neck of businesses,” Rachel Reeves is expected to say as the Chancellor delivers her annual Mansion House speech later today. Reeves will urge watchdogs to “take up the call” of regulating for growth rather than “bend to the temptation of excessive caution” as she seeks to showcase [...]
‘At least a decade’ to turn Thames Water around, CEO says amid £1.6bn loss

July 15, 2025

The boss of Thames Water has said it will take “at least a decade” to turn the company around as it posted a loss of £1.6bn. The loss for the year to end March compares to a small profit of £157m the prior year and comes despite an 8.7 per cent rise in turnover during [...]
Rachel Reeves urges Brits to buy stocks as she shuns risk-averse regulators

July 15, 2025

Rachael Reeves has thrown her weight behind a campaign to get more Brits investing into stocks and shares as the Chancellor shunned the risk-averse culture of London’s financial regulators. In a wide-ranging address to City execs at Mansion House last night, Reeves vowed to place financial services “at the heart” of the government’s growth agenda [...]
FCA plots regulatory bonfire to lower costs of raising capital

July 15, 2025

The Financial Conduct Authority is to pare back its onerous capital raising rules as part of a regulatory bonfire aimed at helping firms grow faster. Under fresh rules set to take effect in January, the requirement to produce a prospectus for public secondary share raises will be upped from 20 per cent to 75 per [...]
Mansion House speech: Rachel Reeves to ‘rip up’ red tape in financial services

July 14, 2025

Rachel Reeves is to pledge a bonfire of financial services regulation as she seeks to rekindle her relationship with the City. The Chancellor will vow to cut “reams of financial red tape” when she gives her annual Mansion House speech on Tuesday evening, according to people familiar with the matter. That is set to include [...]
Andrew Bailey cautions banks against issuing their own stablecoins

July 14, 2025

The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer [...]
HMRC under pressure as underpaid tax by US firms surges

July 14, 2025

The UK’s tax collector is under pressure amid a surge in underpaid tax by US companies. HMRC suspects as much as £8.8bn in tax was underpaid by US companies in the previous tax year, a jump of 57 per cent compared to the previous year, according to figures obtained by accounting firm UHY Hacker Young. [...]
HSBC splashes $5m on new London wealth centre despite non-dom exodus

July 12, 2025

HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
City of London Corporation calls for creation of investment hub

July 10, 2025

The City of London Corporation has called for the creation of an “investment hub” for financial services in a bid to safeguard the Square Mile’s status as a world-leading financial centre. In a report developed in collaboration with the Treasury, the Corporation said the hub would unlock as much as £10bn in capital for growth [...]

Center Parcs: UK pension funds in talks for stake in holiday giant

Battle of the Sexes tennis: Billie Jean King says it’s just entertainment

The Italy holiday taking in amazing skiing and a lesser-visited city

By: Simon Hunt

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