By: Ali Lyon

chief reporter Ali Lyon is the chief reporter at City AM, responsible for covering the full gamut of business, finance and wealth news. He has been at City AM full-time since July 2024. Get in touch with tips via email: ali.lyon@cityam.com. Follow Ali on X: @alilyon_94

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Whey and weight-loss drugs to eat into Applied Nutrition profit

Retail

Applied Nutrition has warned that a five-fold increase in whey protein prices will eat into its bottom line next year even as it beefed up its forecasts for the next year. The protein-shake maker revealed its adjusted pre-tax profit had risen by more than 40 per cent in the 12 months to August, a figure [...]
Economists urge Bank of England to halt bond sales as borrowing costs climb

Economics

The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]
Budget 2026: Which taxes will Burnham and Healey hike?

Tax

With interest rates on course to remain elevated and a new government keen to win over sceptical voters with cost-of-living measures, economists think tax rises at October’s Budget are all but guaranteed. But where will the new Chancellor look for revenue? Ali Lyon and Mauricio Alencar examine the most likely revenue raisers. Speak to any [...]

Saba revives attack on Baillie Gifford trust

August 24, 2026

Notorious activist hedge fund Saba Capital has launched a fresh assault on one of Baillie Gifford’s largest investment trusts, proposing three candidates to be installed on the vehicle’s board. In the latest offensive in a long-running onslaught on London-listed trusts, the Boaz Weinstein-run fund put forward a trio of executives for shareholders to consider for [...]
Ratcliffe’s Ineos saves Runcorn plant

August 21, 2026

A plant producing chlorine that cleans 98 per cent of Britain’s drinking water has been saved from collapse by Jim Ratcliffe’s Ineos, in a move that also help could prevent the UK becoming reliant from imported salt for the first time in history. Ineos Inovyn, the chlorine arm of the billionaire’s chemicals empire, said on [...]
Billionaire Bill Ackman donates £300m to brain research centre after daughter suffers haemorrhage

August 21, 2026

American billionaire Bill Ackman will donate $400m to brain research after his daughter suffered a haemorrhage that left her in a coma. The investor, whose Perishing Square hedge fund is one of the most famous investment management firms in the world, announced plans to donate the vast sum to a newly established research institute named [...]
As it happened: FTSE 100 climbs as markets digest Bessent buyback

August 21, 2026

Welcome back to the City AM liveblog. The FTSE 100 has closed 0.6 per cent higher after fresh research showed consumer confidence has risen to its highest level in nearly two years. The GfK consumer confidence index – which polls households on the way they view their finances and economic outlook – jumped three points [...]
Tracker funds are turning 50 – will they make it to 100?

August 19, 2026

Vanguard launched its first ever tracker fund 50 years ago this month. Since then, they have had an enormous impact on the way our capital markets function – and now make up more than half all fund-held assets. Ali Lyon asks: will they be as popular when they turn 100? The 1976 launch of the [...]
Virgin Trains gets green light for channel tunnel route

August 17, 2026

Virgin Trains has moved a step closer to running train services between London and Paris, Amsterdam and Brussels, after the railway watchdog waved through its application to use the line connected London to the channel tunnel. The Office of Rail and Road (ORR) said on Monday it had given Sir Richard Branson’s train company the [...]
US bond market jitters spark UK economy recession warning

August 17, 2026

The UK economy could be plunged into a recession an “order of magnitude” greater than recent financial crises if America’s borrowing costs continue to climb over the rest of the year, a group of leading City analysts have warned. The US was forced to pay the highest interest rate on its long-dated bonds for a [...]

Lloyds Bank and Halifax users unable to use app in latest outage

Uefa to call off Fifa boycott and step up talks over Infantino at Champions League draw

Golf, events and bags of nostalgia at Newport’s Celtic Manor

By: Ali Lyon

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