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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Royal Mail slapped with £21m Ofcom fine for late deliveries

October 15, 2025

Royal Mail has once again been hit with a huge fine for failing to meet its delivery targets. Regulator Ofcom has handed Britain’s postal service a £21m fine after only 77 per cent of first class and 92.5 per cent of second class mail was delivered on time, well short of the 93 per cent [...]
ICO fines Capita £14m after millions affected by data breach

October 15, 2025

Capita has been fined £14m by the Information Commissioner’s Office (ICO) after millions were affected by its data breach. The fine follows a cyber attack in 2023 in which the personal information of 6.6m people was stolen, from pension records and staff records to the details of customers of organisations Capita supports. For some, this [...]
FTSE 100 Live: Ofcom fines Royal Mail, CMA’s vet crackdown

October 15, 2025

Good morning from the City AM liveblog team. 15 months on from Labour’s stunning general election victory and a month out from its next budget, how is the City feeling about the current government? It’s safe to say that enthusiasm has waned a little since high expectations were set last year. Some City analysts are [...]
AI, robot: Tech firm Dexory lands $165m funding round

October 14, 2025

Autonomous warehouse intelligence firm Dexory has marked the next phase of its expansion after sealing $165m (£124m) in fresh funding. The firm, which uses autonomous robots, AI and digital twin technology, said the funding comprises $100m in a Series C equity raise alongside $65m in debt. The round was led by LTS Growth and Endeavor [...]
It’s a strike for Hollywood Bowl as record revenue drives continued expansion plans

October 14, 2025

Hollywood Bowl is rolling into its new financial year on a high after reporting record revenues and pre-tax earnings. The Hemel Hempstead-based bowling and entertainment business saw its shares lift after it reported a 6.4 per cent rise in revenue to £212.4m for the year to end September. The firm said its earnings before interest, [...]
Issa brothers finally repay EG Group loan used to buy private jet

October 14, 2025

The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo had owed as much as $41m (£31m) to EG Group via an Isle of Man-based company they controlled called Clear Sky 2, which was used [...]
Big jump for Big Yellow shares as Blackstone eyes takeover bid

October 13, 2025

Shares in Big Yellow rocketed on Monday morning after it emerged the London-listed business could be in line for a takeover from real estate investment giant Blackstone. In a statement, the self-storage firm confirmed Blackstone was “considering its position in relation to the company, which could include a cash offer for the entire issued, and [...]
Astrazeneca vows to lower US medicine prices after pressure from Trump

October 13, 2025

Astrazeneca has bowed to pressure from US president Donald Trump to lower the cost of its medicines for patients in America. The Cambridge-based pharma giant said it will provide direct-to-consumer sales to eligible patients with prescriptions for chronic diseases at a discount of up to 80 per cent off list prices, alongside participating in the [...]
Hiking VAT would have ‘serious negative impact’, economists warn Reeves

October 10, 2025

A hike to VAT would “have a serious negative impact” on the UK, leading economists have warned, as the chancellor weighs which taxes to put up at next month’s Budget to plug a £30bn shortfall. An increase in the sales levy would have the biggest negative impact of any major tax rise, leading to a [...]
FTSE 100 Live: Ibstock shares tumble, Princes confirms £1.5bn London IPO

October 10, 2025

Good morning from the City AM liveblog team. JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more [...]

Mike Ashley’s Frasers makes £1.7bn takeover offer for Hugo Boss

Everton ‘surprised and angered’ at losing £40m legal case with Burnley

Vino by the waves: The best British seaside hotels for wine

By: Simon Hunt

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