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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Diesel crisis: UK minister holds emergency talks with US energy secretary

October 2, 2026

Energy secretary Miatta Fahnbulleh is holding crunch talks with her American counterpart about an escalating diesel spat that has seen Treasury secretary Scott Bessent urge Europe to release emergency reserves “immediately”. City AM understands that Fahnbulleh is in direct contact with US energy secretary Chris Wright to discuss a US move to potentially choke off [...]
FTSE 100 suffers worst single-day sell-off since May as banks brace for tax raid

October 1, 2026

The FTSE 100 has suffered its biggest single-day drop since May as European markets are hit by a continent-wide rout in the bond markets, which has pushed western government borrowing costs to multi-decade highs. London’s blue-chip index dropped by two per cent in early trading, erasing all its gains from the third quarter in a [...]
Burnham’s ‘costly’ policy agenda sparks investor nerves

October 1, 2026

Andy Burnham’s “costly” policy agenda and the resurgent threat of inflation are weighing on investors’ appetite for the UK, according to a closely-watched survey of top money managers, which also revealed waning hopes of a rebound in London’s IPO market this year. Berenberg’s Investor Barometer, which polled 300 international investors managing a combined $1 trillion, [...]
Burnham’s North Sea ‘pragmatism’ vow leaves energy industry hopeful

October 1, 2026

Andy Burnham promised to be “pragmatic” about drilling in the North Sea in his conference speech. Those in Aberdeen say there’s not a moment to lose. Bedecked in her obligatory high-vis jacket and surrounded by hardhard-wearing oil and gas workers, Miatta Fanbulleh’s first ministerial trip was a striking piece of political symbolism. Just three days [...]
‘Not sustainable’ – French borrowing costs soar amid Budget and election uncertainty

September 30, 2026

France is facing a period of acute bond market stress that could last several years unless the presidential frontrunners for next year’s election commit to tackling its gaping deficit, analysts have warned. The difference between French and German government borrowing costs – a key metric used to determine French debt risk – widened beyond 120 [...]
Bailey calls for greater AI testing as risks to economy rise

September 30, 2026

Andrew Bailey has called on governments to ramp up testing on frontier AI models before they are launched to the public, warning that advanced artificial intelligence posed sophisticated threats to the banking, markets and payments systems. In the first of a series of letters on the fledgling technology, the governor of the Bank of England [...]
Six Exchange boss: London was always punching above its weight

September 30, 2026

Bjorn Sibbern’s Six Group has, so far, weathered a bruising 2026. But, Ali Lyon asks, can its approach to running two of Europe’s largest bourses – which look markedly different to that of its UK counterpart the London Stock Exchange – survive its continent’s fabled regulators? Life at the top of a European stock exchange [...]
Aviation bosses confident Burnham won’t abandon third runway

September 30, 2026

The aviation industry is confident that Andy Burnham won’t abandon the government’s flagship expansion of Heathrow, despite the Prime Minister and transport secretary distancing themselves from the megaproject at Labour conference. Several industry figures told City AM that ministers’ refusal to endorse the multibillion-pound third runway development was a sign Burnham had not yet evaluated [...]
Bank of England’s Taylor: No need for interest rate hike

September 30, 2026

Bank of England official Alan Taylor has downplayed the need to raise interest rates in the face of the looming energy crisis, saying he saw no evidence that price rises from an initial jump in fuel costs were filtering into the wider economy. External Monetary Policy Committee member said the case for rate hikes was [...]
Anthropic warns investors of ‘existential risk to humanity’ in IPO pitch

September 29, 2026

Anthropic has warned investors that its most advanced models could pose “existential risks to humanity” in an initial public offering pitch document that also revealed ballooning losses and surging costs at the AI juggernaut. In a prospectus published before its eagerly awaited public debut, Dario Amodei’s tech giant argued AI would transform the global economy [...]

Rampant inflation could land Healey with £35bn bill, IFS warns

Manchester City owners must get messaging right or risk own fans turning against them

Where to eat Greek food in central London

By: Ali Lyon

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