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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Midday Markets: Burnham’s welcome crack down on pesky non-competes

October 9, 2026

The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the City’s biggest stories straight into your inbox every lunchtime. Today, Ali Lyon outlines the positive case for Andy Burnham’s clampdown on non-competes and lengthy notice periods. You know something is wrong with the upper end of Britain’s labour [...]
Burnham to clamp down on ‘unfair’ non-compete clauses

October 9, 2026

Andy Burnham is expected to launch a crackdown on lengthy notice periods and non-compete clauses in employment contracts in a bid to free up the jobs market for highly skilled workers. In a speech later today, the Prime Minister will announce plans to tackle a proliferation of strict employment conditions, which force staff to give [...]
Badenoch’s inheritance tax gamble

October 8, 2026

The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon chews over Kemi Badenoch’s Tory conference inheritance tax overhaul, and what it might mean for the UK’s irrational tax system. Sign up to the [...]
Royal Mail to cut thousands of jobs in sweeping overhaul

October 7, 2026

Royal Mail will cut as many as 2,500 jobs as part of a root-and-branch overhaul that the ailing postal service hopes will reduce its overheads at a time of dwindling usage and scrutiny over its delivery performance. The group, which was bought off the London Stock Exchange by Czech billionaire Daniel Kretinsky in 2024, unveiled [...]
UK ‘uninvestable’ if North Sea projects are blocked

October 7, 2026

The UK will be uninvestable in the eyes of most energy companies if the government blocks the Jackdaw and Rosebank oilfields in the North Sea, the boss of Norway’s state-run oil and gas firm has warned. Equinor chief Anders Opedal said his firm could pull out of future projects in the UK if the two [...]
Lobbying giants weighed deal for Mandelson’s Global Counsel

October 7, 2026

Two of London’s top advisory firms considered buying Global Counsel out of administration after the lobbying shop founded by Peter Mandelson collapsed amid revelations over its ties with Jeffrey Epstein. FGS Global and Flint Global were among several major consultancies presented with an offer to acquire Mandelson’s failed boutique by administrators, two people familiar with [...]
Power cut leaves City offices in the dark

October 5, 2026

Central London was hit by a major power cut on Monday that stretched across dozens of postcodes and left swathes of the City in darkness. According UK Power Networks (UKPN), the body responsible for the upkeep of the electricity network, 33 postcodes were affected by the outage, including thousands of homes and major businesses in [...]
Britain loses over half its billionaire wealth in two years

October 5, 2026

Britain has shed more than half its billionaire wealth in the past two years, fresh research has shown, reviving fears over the scale of the UK’s wealth exodus just days after it emerged that one of the country’s richest men has moved to Monaco. According to an analysis of the Bloomberg Billionaires Index, super-rich UK [...]
G7 agrees to release diesel reserves after crisis meeting

October 2, 2026

Leaders from the G7 have agreed to tap into 100m of diesel and oil from their reserves in a bid to stave off a soaring supply crisis and end an escalating feud between the Euope and the US. The club of wealthy democracies said on Friday that they would work with the International Energy Agency [...]
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 [...]

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By: Ali Lyon

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