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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Starmer to nationalise British Steel in bid to save premiership

May 11, 2026

Keir Starmer has promised to nationalise British Steel and prioritise closer ties with the European Union in a make or break speech to save his premiership after a bruising set of local election results. Speaking after a weekend of frenzied speculation on his future in Number 10 Downing Street, the Prime Minister rejected calls for [...]
IAG: British Airways owner plays down jet fuel shortage concerns

May 8, 2026

British Airways owner IAG has played down fears of a jet fuel shortage forcing it to cancel flights this summer but warned investors to expect lower earnings as a result of the ongoing conflict in the Middle East. The London-listed carrier said the pan-regional war that has now dragged into its third month will have [...]
Gilt rout sparks calls for Bank of England to slow ‘unusual’ bond sale programme

May 7, 2026

The Bank of England should slow the pace of its costly approach to unwinding quantitative easing, which is pushing up government borrowing costs and weakening the public finances at a time when both are under significant pressure, several top economists have said. The calls follow the UK’s sovereign debt being swept up in a dramatic [...]
Herald trust saved after Saba and Aberdeen ink deal

May 7, 2026

Aberdeen and US activist hedge fund Saba have reached agreement for the Scottish investment juggernaut to manage Herald Investment Trust, ending a years-long arm wrestle over the trust’s future. In an eleventh-hour deal that will save Herald from being wound down, Aberdeen will recruit eight of the fund’s staff – including fund manager Katie Potts [...]
Griffin’s Citadel to swerve New York after mayor’s wealth tax campaign

May 6, 2026

Hedge fund juggernaut Citadel has diverted investment earmarked for New York to its Miami headquarters, founder Ken Griffin has said, after the city’s socialist mayor filmed a video promoting a new ‘pied a terre’ wealth tax outside the billionaire’s $285m penthouse. Griffin told CNBC that because of mayor Zohran Mamdani’s social media clip, his $67bn [...]
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 [...]

Arsenal, Liverpool, Man Utd and Spurs could claim damages from Manchester City

Arsenal, Liverpool, Man Utd and Spurs could claim damages from Manchester City

Two countries, one holiday: Turkey’s glitzy Bodrum and Greece’s unbuttoned Kos

By: Ali Lyon

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