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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Baillie Gifford launches UK’s first ever tokenised fund

June 22, 2026

Baillie Gifford has launched the UK’s first ever fully tokenised investment fund, in a move that will grant savers the opportunity to invest in short-dated bonds via blockchain-based tokens. The Scottish investment house unveiled its Enhanced Yield Fund on Tuesday, with a mandate actively to manage investors money in a variety of short-term corporate and [...]
Bank of England waters down stablecoin rules after industry backlash

June 22, 2026

The Bank of England has diluted its incoming stablecoin rules after warnings from currency providers that the UK risked falling behind rival jurisdictions in a rapidly growing pocket of the global financial system. In its final framework for regulating the fledgling currencies, which are a digital form of money whose value is pegged to another [...]
Bank of England unveils Armageddon stress test scenario ‘more severe than the financial crisis’

June 19, 2026

The Bank of England is poised to probe how private markets’ respond to a theoretical financial Armageddon scenario in which stocks plummet and prices soars that industry figures have said is more severe than the global financial crisis. Watchdog officials will scrutinise how alternative asset managers react to the scenario’s five-year downturn in financial conditions [...]
Ministers open door to phased Heathrow third runway plan

June 18, 2026

Heathrow’s third runway expansion may be built over several phases in a bid to hit the government’s ambitious timeline, opening the door to a proposal tabled by rival bidder Heathrow West. In planning documents published by the Department for Transport on Thursday, the government said that a phased construction of the mega-project may be necessary [...]
Mining boss: Platinum to become a central bank reserve asset

June 18, 2026

Central banks could turn to platinum as the next frontier of their shift to bolster reserves with precious metals in favour of the US dollar, the boss of a leading miner has predicted. Valterra Platinum chief executive Craig Miller said that the world’s reserve banks are increasingly likely to view platinum as a safe haven [...]
Saba ramps up demands for Workspace break-up

June 17, 2026

Notorious activist investor Saba has dialled up its efforts to force a London-listed property trust to sell off its portfolio of offices, warning the firm’s revamped strategy was fraught with “considerable execution risk”. In an excoriating open letter, the New York-based hedge fund, which is run by pugnacious founder Boaz Weinstein, called on flexible office [...]
Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

June 17, 2026

Scottish investment shop Baillie Gifford is in line to more than triple its money on its stakes in Anthropic when the AI juggernaut floats on the stock market this summer, just months after netting a £3.6bn gain on its historic SpaceX punt. Three of the Edinburgh-based asset manager’s flagship trusts could use Anthropic’s eagerly awaited [...]
Shipping chief: Hormuz tankers reluctant to leave Gulf despite Iran deal

June 17, 2026

Shipping firms remain reluctant to navigate the Strait of Hormuz sea passage despite this week’s peace deal, according to a boss of the industry’s lobby group who warned that trade volumes will not return to full capacity until next year. Peter Aylott, director of policy at the UK Chamber of Shipping, told City AM that [...]
UK manufacturers facing ‘steel quota cliff edge’

June 16, 2026

Manufacturers are facing a cliff-edge from the government’s incoming steel tariffs that are likely to inflict “huge damage” on the UK economy, Britain’s largest industry body has warned. In a fresh statement, the British Chambers of Commerce (BCC) sounded the alarm on the impact that that new duties on foreign-produced steel will have on importers, [...]
Activist investor pushing for M&C Saatchi break-up builds stake

June 16, 2026

A notorious activist investment firm has added to its stake in M&C Saatchi in a move that brings it a step closer to orchestrating a break-up of one of Britain’s best-known advertising companies. Harwood Capital now owns more than eight per cent of the eponymous agency founded by advertising tycoons Maurice and Charles in 1995, [...]

Everton facing early termination of Stake sleeve deal as ban looms

Everton facing early termination of Stake sleeve deal as ban looms

Land Rover Defender OCTA: Can an Off-Road Super SUV Really Conquer the City?

By: Ali Lyon

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