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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‘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 [...]
Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant

July 25, 2026

Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
Top investment bank: Starmer and Reeves left UK ‘no better off than they found it’

July 24, 2026

Keir Starmer and Rachel Reeves failed to leave the economy in a better position than they found it, according to top investment bank, which said the administration’s fixation on “luxury beliefs” kneecapped its number one mission to revive Britain’s flagging growth. In a research note on Friday, Panmure Liberum said the former Prime Minister and [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles

July 24, 2026

The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
A beginner’s guide to appeasing the bond market – and why it matters

July 24, 2026

Britain’s enormous debt pile means the bond market now has the power to decide the fate of a government. Ali Lyon spoke to gilt investors to see how our new Chancellor can keep them happy. When John Healey was last in the Treasury, the world was a very different place. Britain’s economy was growing at [...]

‘Vibrant colours and sexy scents’: Steph McGovern-owned Gootopia back in profit

Qatar Racing takes over sponsorship of £4.4m British Champions Day

What’s on in London August

By: Ali Lyon

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