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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Fermi rebuffs ousted chief’s bid to regain control of board

May 6, 2026

Fermi has rebuffed a bid from its ousted chief executive to wrest back control of the data-centre giant by gaining a seat on its board. In a stock exchange filing on Wednesday, the embattled London-listed group accused its defenestrated co-founder, Toby Neugebauer, of trying to pack its board with apparatchiks to regain the reigns at [...]
Bank of England says quantitative easing programme to cost taxpayer £125bn

May 6, 2026

The Bank of England’s historic quantitative easing programme is poised to cost the taxpayer £125bn when it is complete, according to updated central bank estimates, prompting calls for the central bank to pause its costly attempt to unwind the policy. In an update on its ‘asset purchase facility’ – the tool the Bank of England [...]
Jim Ratcliffe warns Britain’s energy policy is ‘all over the place’ as Ineos explores North America with Shell

May 5, 2026

Europe and the UK’s approach to energy policy is “all over the place” and eroding the region’s security and growth prospects, Jim Ratcliffe has said in an announcement confirming Ineos’s plans to expand its oil and gas operations in the Gulf of Mexico. In a statement announcing Ineos’s fresh investment in the US alongside Shell, [...]
After a ‘stunning’ update, what does the future hold for long-suffering BP?

April 30, 2026

BP wowed shareholders with its first quarter results – doubling profit and bolstering its balance sheet. But with an activist breathing down its neck, its new boss Meg O’Neill isn’t out of the woods yet, writes Ali Lyon As she sat down to pen her first email to BP’s 100,000 staff, Meg O’Neill opted against [...]
Schroders backs Wayve and Elevenlabs with UK’s first venture capital fund for pensions

April 29, 2026

Autonomous vehicle unicorn Wayve and deeptech darling Elevenlabs are among the fast-growing unicorns that have been backed by the cash raised in a historic funding round by the UK’s first venture capital vehicle set up to cater for pensions. Schroders Capital announced on Wednesday it had injected over £100m into British-based tech and life sciences [...]
Astrazeneca ploughs £300m into UK in surprise U-turn

April 29, 2026

British drugs giant Astrazeneca has promised to plough £300m into its UK operations, just months after cancelling a nine-figure investment in a new lab after getting in a spat with the UK government over drug pricing. In a stunning volte-face, the UK’s largest pharmaceutical company said it would revive its £200m investment into a megalab [...]
Government borrowing costs soar as Iran war drags on

April 28, 2026

The government’s borrowing costs have risen to their joint highest level since the 2008 financial crisis, after a sharp jump in the oil price prompted a sell-off in UK debt because of concerns over inflation. The yield on the 10-year gilt – the main benchmark for any government’s long-term ability to borrow – climbed back [...]
WPP sales down again despite uptick in new business

April 28, 2026

WPP saw its revenue fall by more than six per cent in the first three months of 2026, piling pressure on the advertising giant’s turnaround plan just two months after it was unveiled. The FTSE 250 holding group saw its sales fall by 6.6 per cent to £3bn in the first quarter, while revenue less [...]
Unilever gets Marmite reaction to McCormick deal as investor fury spreads

April 28, 2026

Unilever is facing a mounting investor backlash over its recent multibillion-pound tie-up with US food giant McCormick, with shareholders accusing the consumer goods behemoth of rushing the deal through without a vote and loading the new vehicle up with too much debt. Shareholders in the FTSE-100 conglomerate told City AM that they were supportive overall [...]
‘Mascots don’t move markets’: City grandee pours cold water on retail investment drive

April 28, 2026

The government’s industry-backed investing campaign will fail to usher in a new wave of retail investment unless ministers also promise to scrap the UK’s “hard to defend” tax regime on shares, the boss of a top investment bank has warned. Writing in City AM, Peel Hunt chief executive Steven Fine said that the record haul [...]

‘Big Brother’: HMRC agents to target mansions with ponies and pools

Qatar Airways-backed airline Airlink defends Springboks flypast manoeuvre

Jaguar reveals the Type 01’s screen-free interior

By: Ali Lyon

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