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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Deliveroo reaches agreement on £2.9bn DoorDash takeover

May 6, 2025

The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Construction firm insolvencies jump to fresh high amid rising costs

May 5, 2025

Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]
Lights, camera, taxes: British film industry rattled by latest Trump tariff threat

May 5, 2025

British media execs have been put on edge after Donald Trump took aim at foreign filmmakers in his latest tariff frenzy. In a brash social media post, the US president accused countries of a “concerted effort” to lure talent away from Hollywood in what he called a “national security threat” and vowed to impose tariffs [...]
Live results: Reform takes ten county councils in local elections landslide

May 2, 2025

Reform is set to pick up hundreds of council seats around the country both from the Conservatives and Labour, in a significant electoral breakthrough. So far, the party has gained more than 500 seats, with the vast majority still to be counted and formally announced. In a major coup for Reform, it has taken control [...]
Healthcare firm Totally weighs sale as it faces eight-figure medical negligence claim

May 1, 2025

Totally is exploring a sale of one or more of its subsidiaries to shore up its balance sheet after the firm revealed it faces an eight-figure medical negligence claim. The Derby-based business is to undertake a “strategic review” under which it will consider “selling one or more of the company’s subsidiaries”, “receiving strategic investment or [...]
Force ISA savers to invest more in UK equities, Peel Hunt says

May 1, 2025

ISA rules should be rewritten to force savers to invest into UK equities, a leading City investment bank has argued, claiming the move would be vital to rejuvenate London’s ailing capital markets. The cap on cash ISAs should be slashed from £20k to £5k to promote a transfer of savings into shares, according to a [...]
Argo Blockchain shares tumble as it prepares to suspend trading amid widening losses

April 30, 2025

Argo Blockchain has seen its stock tumble as it prepares to suspend trading of its shares over issues with its accounts as it posted widening losses. The crypto miner’s shares fell as much as 25 per cent as it conceded it had failed to finalise its accounts by the deadline required by London listing rules, [...]
Fresh row over plan to mandate pension fund investments

April 30, 2025

A row has erupted over reports the government is plotting to set mandates on pension fund allocations, while the chief architect of the so-called Mansion House reforms – which aimed to encourage the deployment of pension fund assets into unlisted equities – has distanced himself from the move. Pension bosses are understood to have been [...]
Private takeovers ‘biggest threat’ to London market, report finds

April 30, 2025

Private markets are a much bigger threat to the London Stock Exchange than the lure of an overseas listing, a new report has found, as it poured scorn on the “misleading” narratives that tempt fast-growing firms to drop London in favour of a New York IPO. The US has welcomed as much as $676bn worth [...]
THG posts rise in beauty sales

April 29, 2025

THG hailed a strong performance in its beauty division as the e-commerce firm posted its annual results. The division, which is the largest of the firm’s units and includes the Biossance, ESPA and Lookfantastic brands, posted a 4.6 per cent rise in turnover to £1.1bn for the 2024 calendar year. Demand for skincare and fragrance [...]

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By: Simon Hunt

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