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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Cavendish taps top adviser to fend off foreign takeover interest

August 10, 2026

Cavendish has drafted in advisers from a top corporate consultancy to help it fend off low-ball takeover bids amid a wave of consolidation in Britain’s financial services sector. Top brass at the boutique investment bank enlisted the help of specialists at Teneo last year, City AM can reveal, who conducted a valuation exercise to “support [...]
El Nino heatwaves to ‘fuel inflation next year’

August 7, 2026

The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, hampering central bank efforts to slow down price rises, a top investment bank has warned. According to an analysis by Jefferies, harsh weather unleashed by the meteorological phenomenon will pose “an inflationary threat” next year and [...]
Apollo snaps up Easyjet after Castlelake walks away

August 6, 2026

Easyjet has agreed a £5.7bn takeover deal with Apollo after rival bidder Castlelake pulled out of the bidding process. In a joint announcement with the low-cost airline on Thursday, the American private markets juggernaut said it had “reached an agreement on the terms and conditions of a recommended cash acquisition”. The offer has the backing [...]
Where are Andy Burnham’s economic advisers?

August 5, 2026

Andy Burnham’s allies boasted that highly-regarded economists had been lured as advisers. Mauricio Alencar and Ali Lyon report on the non-appointments of some of Britain’s best economists – and what the Prime Minister and Chancellor’s new teams look like. In the end, all it took was a few rumours. In the weeks leading up to [...]
Shipbroker shares fly on Iran war windfall

August 3, 2026

Shares in Clarksons climbed as much as nine per cent on Monday, after the ship broker revealed a record performance in the first half of the year and told shareholders to expect full-year results “materially ahead” of expectations. Pre-tax profit at the shipping juggernaut was 39 per cent higher than the same period last year, [...]
Healey announces early Budget

July 31, 2026

John Healey has confirmed he will deliver his first Budget on 28 October as he pledged to “shift power and money out of Westminster”. The Chancellor said on Friday that his first fiscal statement would “back Britain’s communities” setting the stage for a Budget that economists have predicted will be the country’s third in a [...]
BP quits North Sea after tax grab

July 31, 2026

BP will sell its North Sea oil division after the government’s tax raid on domestic oil, in a move that will leave the British energy giant without any petrochemicals production in its home market for the first time in decades. The London-listed oil giant told investors it planned to market its assets in the region [...]
Miliband refused to meet motor trade body to discuss zero emissions mandate

July 30, 2026

Ed Miliband refused to meet the UK motor industry’s largest trade body during his two-year stint as energy secretary, despite the government’s controversial targets for electric vehicle sales falling partly under his department’s purview. Society of Motor Manufacturers and Traders (SMMT) boss Mike Hawes said his lobby group’s requests to meet the Labour heavyweight and [...]
Shell launches bumper buyback after earnings more than double on Middle East turmoil

July 30, 2026

Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The Anglo-Dutch giant’s net profit spiked to $9.8bn between April and July, more than double the same period last year and beating analyst estimates. Shares were up [...]
Vehicle production drops in first half of year

July 30, 2026

British car manufacturers produced considerably fewer vehicles in the first six months of this year, according to fresh figures from the industry’s largest trade group which warned that tariffs and domestic policy decisions were weighing on an already struggling sector. Vehicle production fell by 7.5 per cent between January and July compared to the same [...]

Mahmood waters down migration rules for care workers in £10bn gamble

Commonwealth Games generated £223m for Scotland

What the Scotch whisky industry wants from government

By: Ali Lyon

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