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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CBI chief calls on Miliband to approve Jackdaw and Rosebank oil fields

April 15, 2026

The boss of Britain’s largest industry body has called on the government to green-light extraction from two major North Sea oil fields and slash the windfall tax on domestic oil production in a bid to revitalise the country’s ailing oil and gas industry. CBI chief Rain Newton Smith said the North Sea was a “critical [...]
IMF: Middle East war risks sparking government debt doom loop

April 14, 2026

Ballooning levels of government debt have left the global economy dangerously exposed to the aftereffects of the Middle East war, according to the International Monetary Fund (IMF), which warned a fresh wave of inflation could trigger a historic bond crisis. In its latest Financial Stability Report, the financial body said that countries’ inability to rein [...]
Axel Springer’s Telegraph takeover given government green light

April 14, 2026

The years-long saga over the Daily Telegraph’s ownership is poised to reach a conclusion, after the government announced it had approved Axel Springer’s offer for the broadsheet newspaper. The German publishing giant, which owns Politico, Business Insider and the Bild tabloid, said on Tuesday that Britain’s Department for Culture, Media and Sport had given it [...]
From Jaffa Cakes to National Insurance: How to fix Britain’s mad tax system – according to the experts

April 14, 2026

In its latest report, the OECD scolded the UK for its illogical and growth-impeding tax system. Ali Lyon speaks to five tax experts to work out how to fix it. Potato crisps and their corn chip cousins are – as indulgent savoury snacks go – undeniably similar. They taste alike and are a similar size. [...]
War of words erupts after Saba wins trust shareholder showdown

April 13, 2026

A war of words has broken out between American activist hedge fund Saba and the investment trust it is trying to take control of, after the US investor won a crunch shareholder vote paving the way for it to seize power at the 130-year-old FTSE 250 trust. Saba Capital launched a fresh broadside against Edinburgh [...]
JCB heir: Inheritance tax raid could force us out of Britain

April 13, 2026

The heir to the billion-pound JCB fortune has warned that the government’s inheritance tax crackdown on family firms could force his father’s sprawling business empire overseas. Jo Bamford, whose billionaire father Anthony owns the digging equipment maker, said he could be forced to move abroad in order to safeguard the number of jobs at the [...]
Uzbekistan national wealth fund confirms plan for London IPO

April 9, 2026

Uzbekistan’s national wealth fund has confirmed plans to plough ahead with a London IPO in what will be the country’s first ever public market debut. In an update to the stock exchange on Thursday, the National Investment Fund of the Republic of Uzbekistan (Uznif) announced it expected to float on both London and Tashkent stock [...]
Goldman: Oil could remain at crisis prices for rest of year

April 9, 2026

Goldman Sachs has warned that oil prices could stay above the $100 a barrel mark for the rest of 2026 if the Strait of Hormuz stays shut for another month. In a note published on Thursday, the investment bank said any truce between Iran and the United States would be fragile, and that four more [...]
Ceasefire hangs in balance after Iran shuts Hormuz

April 9, 2026

Hopes of an extended deescalation in the Middle East remain hanging by a thread, after Iran shut the vital Strait of Hormuz shipping lane in response to a round of Israeli strikes on Lebanon. Oil tankers have been barred from passing through the narrow stretch of water responsible for carrying over a fifth of seaborne [...]
Firms barred from speaking to lawyers before ‘workers’ rights police’ raid

April 9, 2026

Bosses will be barred from seeking legal advice if the government’s new workers’ rights police choose to raid their company’s property unannounced, under new powers handed to it as part of Labour’s flagship employment rights overhaul. Fresh documents outlining the role of the Fair Work Agency reveal business will not be able to delay the [...]

Monzo in talks over £10bn sale to Nubank in blow to IPO hopes

AI and politics will never destroy the beauty of supporting clubs like Bournemouth

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

By: Ali Lyon

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