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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Brain drain latest: Number of Brits choosing to move abroad doubles

August 1, 2025

The rate at which UK taxpayers are moving abroad has more than doubled in the past three years, according to official data which experts warned could be understating the true speed of departures. The average number of P85 forms submitted to HMRC per month rose from 2,500 in 2022 to as much as 5,150 per [...]
Heathrow closure cost British Airways owner £40m

August 1, 2025

The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
Heathrow tables third runway bid

August 1, 2025

Heathrow’s top brass have tabled their proposal to manage the hub’s long-awaited third runway expansion in a bidding process that will pit it against a rival operator for the first time in the airport’s history. Officials from the airport confirmed had submitted “shovel-ready” plans for a privately financed runway ahead of the Department for Transport’s [...]
Inheritance tax nets record £6.7bn before Budget raid

July 31, 2025

The Exchequer raked in a record £6.7bn in inheritance tax between 2022 and 2023, as a longstanding freeze on the tax-free threshold and ballooning asset prices meant more estates were sucked in to paying the unpopular levy. The overall earnings from inheritance tax rose by over £700m in the tax year 2022/3, official data showed, [...]
Another blow to London as Just Group goes to Canadian manager

July 31, 2025

The London Stock Exchange lost yet another constituent to foreign ownership on Thursday, after pension insurer Just Group agreed a bumper takeover deal from Canadian asset manager Brookfield Wealth Solutions (BWS). The FTSE 250 firm’s board told markets it had accepted a £2.4bn offer from the North American company in a deal valuing the firm [...]
M&S cyberattack helps Next to beat expectations again

July 31, 2025

High Street darling Next has said that good weather and the disruption to Marks & Spencer caused by its recent cyberattack has helped it to beat expectations yet again. The Lord Wolfson-run fashion group said full price sales were up over 10 per cent in the first half of this year, nearly £50m ahead of [...]
Drax hikes dividend despite profit dip amid power station update

July 31, 2025

Drax has told investors it was close to agreeing a controversial contract with the government for its wood pellet power station after hiking its dividend despite revealing falling profit. The London-listed group said the energy transition was “creating significant value opportunities aligned with the UK’s energy needs” in an interim update in which it revealed [...]
Industry chief warns fresh tax grab will push ‘loved’ retailers to the wall

July 31, 2025

More of Britain’s “well-loved” retailers will go to the wall if the government unleashes another round of tax hikes on businesses in the Autumn, the boss of the British Retail Consortium (BRC) has warned, as fresh data from the body found that nearly nine in 10 high street bosses are struggling with the tax burden. [...]
Hotel billionaire launches shock bid to run Heathrow expansion

July 31, 2025

The race to manage Heathrow’s multibillion-pound third runway expansion has been thrown wide open after a rival suitor confirmed it will submit a proposal to go up against an expected bid from the airport’s current operators. The Arora Group, a hotel chain with 13 hotels in transport hubs across London and the South East, confirmed [...]
Youtube becomes UK’s second most-watched media platform

July 30, 2025

Youtube has overtaken ITV to become the second most-watched media brand in the UK – behind the BBC – thanks to an ever increasing loyalty from young audiences, according to an annual report from Ofcom. Viewers spent an average of four hours and 30 minutes a day watching either the TV or other video content [...]

Music tycoon Simon Cowell sued by prominent City lawyer

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By: Ali Lyon

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