By: Ali Lyon

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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‘I can do terrible things’: Trump launches fresh tariffs tirade

February 23, 2026

The government has said that no response to Donald Trump’s revived trade onslaught is off the table, after the President warned he could still do “terrible things” to the US’s trading partners despite his ‘liberation day’ tariffs being deemed illegal by the Supreme Court. A spokesman for the Prime Minister told reporters that while “no [...]
Private equity run of barren returns worse than in run-up to 2008

February 23, 2026

Private equity funds returned fewer profits to investors for a record fourth year running in 2025, according to a report from industry juggernaut Bain & Co which warned that fundraising for new funds had become a “slow and difficult slog”. Distributions as a percentage of net asset value (NAV), which denotes how much private equity [...]
London Stock Exchange confirms first firm on Pisces framework

February 20, 2026

A vehicle containing shares in a £1.3bn venture capital firm that backs tech spin-outs from Oxford University will be the first organisation to use the new Pisces private stock market, the London Stock Exchange has said. The UK’s flagship capital markets operator confirmed that shares in Oxford Science Enterprises, an early-stage VC fund best known [...]
Inheritance tax haul hits another record

February 20, 2026

The government raked in a record amount of cash from inheritance tax, as receipts for the unpopular levy were boosted by frozen thresholds sucking in a record number of taxpayers and ballooning asset prices. The exchequer collected a total of £7.1bn between April 2025 and January 2026 from the tax, official HMRC figures show, a [...]
MPs want overhaul of Heathrow regulation before third runway

February 20, 2026

Nearly nine in 10 members of parliament do not think Heathrow’s ambitious third runway expansion should go ahead unless there is a major overhaul of its regulatory framework to help bring down costs. A fresh poll of British lawmakers found that 84 per cent are reluctant to vote through the historic expansion without the west [...]
Global Counsel to be placed into administration

February 19, 2026

Global Counsel’s 130 staff have been informed that the lobbying company founded by Peter Mandelson will be placed into administration as soon as tomorrow. City AM understands that despite a number of clients deciding to stay with the firm, the loss of business following the former US ambassador’s fall from grace has been substantial. A [...]
Manufacturing woes deepen as output falls again

February 19, 2026

The struggles afflicting Britain’s ailing manufacturing sector show no sign of reversing according to a closely watched poll, with industry participants reporting output volumes and order books had both continued to fall. According to the latest CBI industrial trends survey, production from the UK manufacturing sector fell by a weighted balance of 14 per cent [...]
Exclusive: Octopus to swerve new private stock exchange

February 19, 2026

Octopus Energy will not join the delayed Pisces private stock market when it launches, its boss Greg Jackson has said, in a sign the utilities giant is distancing itself from the project after attending an event for interested companies last summer. Jackson told City AM that his multi-billion-pound firm had “no plans” to trade its [...]
Reform UK: Robert Jenrick promises to ‘defuse benefits bomb’

February 18, 2026

Reform UK will restore the two-child benefits cap if it wins the next election, Robert Jenrick has confirmed in a speech in which he branded the Britain’s benefits system an “economic and moral disaster”. In his first formal remarks as the party’s Treasury spokesman, the former Tory shadow justice secretary confirmed Reform no longer supported [...]
Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holiday

February 18, 2026

Two of Britain’s most exciting IPO candidates have told peers that the Treasury’s recent overhaul of stamp duty on shares will not be enough to convince them to list in London, City AM can reveal. Payments giant Zilch and banking software provider Thought Machine both used a recent meeting of industry heavyweights to raise concerns [...]

Could Burnham be the answer to free-to-air sport for all?

Could Burnham be the answer to free-to-air sport for all?

The best wine to take to a picnic in the sun

By: Ali Lyon

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