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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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 [...]
Glencore and Rio Tinto strike gold on high commodity prices

July 29, 2026

Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme [...]
Passengers to foot bill for Heathrow third runway bidding process

July 29, 2026

Heathrow will be allowed to pass the vast bill it has racked up preparing its third runway bid onto passengers, the aviation watchdog has said, in a ruling that promises to extend the airport’s position as the most expensive in the world. The Civil Aviation Authority judged that Heathrow Airport Limited (HAL) will be allowed [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks

July 29, 2026

Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
‘Nasty’ chip stock rout plunges Nasdaq into correction territory

July 29, 2026

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market [...]
Sweeping job cuts at GSK to fund £400m Cambridge campus

July 28, 2026

GSK is poised to slash its back office headcount to help fund a £400m mega-campus in Cambridge, in a move it hopes will bolster its drugs pipeline anFd stave off a looming patent cliff-edge. In his first major update as chief executive, Luke Miels unveiled plans to find £1.9bn of savings over the next three [...]
‘I thought this would be drama-free’: Games Workshop pockets tariff reprieve

July 28, 2026

Games Workshop pocketed a £7.8 refund from the US administration after the Supreme Court rules Donald Trump’s ‘liberation day’ tariffs to be illegal, the company has said in another positive trading update. The Warhammer maker told investors it had initially paid US customs £12m to continue trading across the Atlantic, a considerable hit to the [...]
As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales

July 28, 2026

Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the UK’s blue-chip index has made strong gains following a peaky start to the day. The markets took a boost yesterday after oil dropped back after reaching two-month highs of more than $100 per barrel last week when the Iran backed-Houthis took responsibility for tanker [...]
Ban foreign stocks from Isa wrapper, says top pensions boss

July 28, 2026

The tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets, according to the chair of a top pension fund who also called for an inheritance tax carve-out for retail investors who buy government bonds. Speaking at an event, Standard Life chair Nicholas Lyons argued limiting the tax incentive [...]
Iwoca closes bumper debt facility as sale speculation mounts

July 27, 2026

Small business lender Iwoca has inked a new £250m debt facility that will help it ramp up its lending power just days after it emerged it had instructed bankers to launch a sale process valuing it at north of £1bn. The fintech closed the credit line from a household name bank and private credit giant [...]

Drax unveils £20bn plans for new data centre – powered by burning wood

Antonelli victory rare win for Manchester United owner Ratcliffe and Ineos

Genesis GV60 Magma review: Electric SUV drives like a hot hatch

By: Ali Lyon

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