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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Dragon Soop owners hand themselves £4.3m dividend after profit rise

May 4, 2026

The owners of Dragon Soop have handed themselves a dividend of £4.3m after the drinks brand toasted a rise in profit. Corinthian Brands, which is based in Knaresbrook and is owned by Paul Burton and John Hibberd, posted profit of just under £5m for 2025, a rise of 2.3 per cent on the previous year. [...]
MJ Gleeson warns building cost inflation prompting ‘high caution’

May 1, 2026

Housebuilder MJ Gleeson has sounded the alarm over building cost inflation, prompting “higher than usual caution” over its finances. The London-listed firm said on Friday: “We have recently seen some softening in footfall and reservations, and limited increases in the cost of some materials.” The effective blockade to the Strait of Hormuz caused by the [...]
South East Water chair quits after damning report by MPs

May 1, 2026

The chair of South East Water has resigned with immediate effect after a damning report by MPs into supply issues facing the utilities business. Non-executive chair Chris Train has departed after tens of thousands of residents in Kent faced disruption to water supplies in November and December. In a statement South East Water said: “Board [...]
Vertu Motors lands multi-million payout from JLR cyber-attack

April 30, 2026

Vertu Motors has landed a multi-million pound payout after suffering from the disruption caused by a cyber-attack at Jaguar Landrover. The AIM-listed car dealership said it was able to agree a £3.9m business interruption claim from its insurers after the attack “disrupted JLR vehicle supply, parts availability and connected systems used by JLR franchised retailers.” [...]
Howard de Walden Estate splashes £50m on Harley Street property deals

April 28, 2026

The Howard de Walden Estate has spent £50m on acquisitions in the Harley Street neighbourhood, City AM can reveal, as it tightens its dominance over the capital’s private health hub. The property company has acquired three long leaseholds in Harley Street and Wimpole Street, with a combined 50,000 sq ft footprint, featuring a blend of [...]
Power Probe launches dividend bonanza after growth surge

April 27, 2026

One of the newest members of AIM is gearing up for a dividend bonanza just months after its London IPO. North Carolina-based Power Probe, which makes power tools for the motor industry and debuted on AIM in December, raising $15m (£11.1m), declared an initial dividend of 1.6per share on Monday. The firm, founded in California [...]
FTSE 100 Live: Stocks dip as oil prices surge to three-week high

April 27, 2026

Good morning and welcome back to the City AM liveblog. There’s set to be little relief in markets this morning as investors return from the weekend to oil hitting a three-week high. The price of Brent crude – the international benchmark for oil prices – rose two per cent to over $107 on Monday morning. [...]
Computacenter shares jump as FTSE 250 firm lifts profit forecast

April 24, 2026

Shares in Computacenter jumped on Friday as the firm upgraded its profit forecast after cheering a surge in customer demand. The FTSE 250 IT supplier said it now expects to “deliver a much stronger performance” with 2026 pre-tax profit set to come in well ahead of market expectations of £291m. The Hertfordshire-based business said customers [...]
Startups should pray the US AI giants don’t run out of cash

April 23, 2026

As City AM revealed earlier this week, a London-based business has raised £2m to fund the development of an AI-powered coffee vending machine. The company’s founders say they can tailor the contents of the hot drinks – like coffee strength and milk content – based on the preferences of the customer, using AI. That sounds [...]
The digital bank revolution is over – and that’s a good thing

April 23, 2026

Until it was finally unveiled last month, there was more than a year of will-they-won’t-they speculation in the press over whether Britain’s biggest digital bank, Revolut, would be awarded a banking licence by the UK’s financial regulators. It was a long, drawn-out process – far longer than for most of Revolut’s peers – thanks in [...]

‘We cannot regulate cyber threats away,’ top lawyer warns

Championship play-off final: Hull or Middlesbrough stand to gain £200m

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Simon Hunt

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