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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Tax-free pension lump sum could be slashed to fill Labour’s black hole

August 21, 2025

Tax-free lump sum withdrawals from pension pots could be slashed as Rachel Reeves scrambles for fresh ways to plug a £50bn hole in the public finances. The Chancellor is reportedly eyeing a cut to the amount of money pensioners can withdraw from their savings pot without paying tax to as little as £40,000. That would [...]
Costain shares tumble after HS2 delays spark revenue slump

August 20, 2025

Shares in Costain tumbled 13 per cent in the opening minutes of trade in London after the construction firm was hit by further delays to HS2. The Bishopsgate-based business said its overall revenue fell 17.8 per cent to £525m for the first six months of the year, of which revenue for its rail infrastructure services [...]
How David Beckham got into drone warfare

August 20, 2025

A question: which stocks are among the best performing in 2025? You might pick Palantir, the US software business run by billionaire Alex Karp that’s trading on eye-popping multiples. It’s gone up a pretty respectable 145 per cent since January. Or maybe you’d opt for something more wacky like Smarter Web Company, the small website design [...]
Soho House: How billionaire Tyler Morse and his former boss are buying up London

August 19, 2025

Soho House marked the end of its four-year spell on the Nasdaq this week after it reached an agreement to be taken private by US hotel giant MCR in a $2.7bn (£2bn) deal. The swish members’ club, which was founded in Soho’s Greek Street by restauranteur Nick Jones in 1995, has grown into a sprawling [...]
BHP profit hits five-year low amid weaker iron ore prices

August 19, 2025

Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn (£7.6bn) in the year to June, a decline of 26 per cent compared to last year and the lowest since the start of the pandemic [...]
End of Windows 10 support will trigger wave of upgrades, Westcoast says

August 18, 2025

A withdrawal of support for Windows 10 is likely to trigger a rush to upgrade systems before the deadline, the UK’s biggest IT supplier has said as it posted a jump in sales. The Windows 10 operating system, which was introduced by Microsoft in July 2015, will no longer be supported from October 14 2025 [...]
David Beckham-backed Guild Esports put up for sale on insolvency marketplace

August 14, 2025

An esports company backed by David Beckham has been put up for sale on an insolvency marketplace, City AM can reveal. Guild Esports, which owns a multi-story gaming venue in Shoreditch, is seeking offers from prospective buyers with a bid deadline of Friday. Founded in 2018, the company employed esports teams which competed in popular [...]
Kensington Roof Gardens plunges to £26m loss

August 13, 2025

The company behind the revamped Kensington Roof Gardens suffered a £26m loss after the venue reopened as a private members’ club, its latest accounts reveal. The grade-II listed former nightclub, situated on London’s swanky Kensington High Street, unveiled plans to launch as a members’ club in February last year, offering annual memberships of up to [...]
Crypto is all that’s propping up London’s miserly capital raising statistics

August 13, 2025

After London’s capital markets suffered one of their quietest starts to the year in decades, brokers all had the same words on their lips: second-half. Everything will pick up in the second half, they said. You just wait and see. If the start of the second half is anything to go by, those brokers may [...]
Here’s how Sadiq Khan could build 250,000 more homes

August 12, 2025

Fewer than 1,000 homes were built in London in the second quarter of this year. This is a truly abysmal construction rate – and at a time when the capital’s need for new housing grows more and more acute. Whatever Sadiq Khan’s been doing the past nine years, it isn’t working. Time, therefore, to get [...]

Top City law firm slammed for ‘misleading’ AI letters sent to court

Embassy officials praise Arsenal ahead of ‘Visit Rwanda Champions League final’

Tom Aikens finds his Muse

By: Simon Hunt

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