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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EU tariffs leave UK steel industry facing ‘biggest threat ever’

October 7, 2025

The UK’s ailing steel sector is facing the “biggest crisis in its history”, industry chiefs have warned, after the European Union unveiled plans to double tariffs on all steel imports in a bid to revive its moribund steelmaking capacity. As part of efforts to kickstart a “reindustrialisation of Europe“, EU commissioners signed off a proposal [...]
Jaguar Land Rover production to restart

October 7, 2025

Manufacturing at Jaguar Land Rover will partially restart as soon as Wednesday, the firm has said, a month and a half after a crippling cyberattack forced the UK’s largest carmaker to halt its production line. In a statement released on Tuesday, the Tata Motors-owned car brand confirmed that a phased restart at two of its [...]
‘Disappointment’ and muted activity: Dealmakers sour on UK market

October 7, 2025

UK dealmakers’ faith in the economy has slumped to its lowest in nine years with executives blaming a string of policy blunders and a sluggish deal environment for weighing on market activity. Over half of Britain’s private equity and corporate finance bosses feel negative about the next 18-24 months, according to a fresh poll of [...]
Goldman warns Japan fiscal plans could spark UK bond sell-off

October 7, 2025

The fiscal plans touted by the woman poised to become Japan’s first female Prime Minister will trigger a sharp jump the country’s borrowing costs that could spill over into the price of UK and US government bonds, Goldman Sachs has said. Sanae Takaichi, an admirer of Margaret Thatcher, was swept to victory in her Liberal [...]
French borrowing costs surge as political crisis deepens

October 6, 2025

French assets suffered at the hands of a brutal sell-off on Monday, after the country’s latest prime minister resigned just a month into the role, exacerbating an already grave political crisis. French stocks tumbled across the board while government borrowing costs climbed sharply to their highest since 2011, after newly appointed prime minister Sebastien Lecornu [...]
Andrew Bailey: Regulation is not hampering growth

October 3, 2025

Bank of England governor Andrew Bailey has warned of the dangers associated with paring back financial regulation, in a speech in which he also denied that the abundance of red tape foisted on the financial sector after the Great Financial Crash had impeded economic activity. Addressing the Klass Knot Farewell Symposium, Bailey, who was recently [...]
Ex-GCHQ chief: No company should be offline for weeks after cyberattack

October 3, 2025

No vigilant company should need to go offline for more than a few days after a cyberattack, the former director of GCHQ has said in comments that will pile fresh scrutiny on Jaguar Land Rover’s (JLR) preparedness before its hack left production at a standstill for over a month. Robert Hannigan, who ran the UK [...]
Bosses’ inflation expectations highest in two years amid employment freeze

October 2, 2025

Fears that inflation will remain well above the Bank of England’s two per cent target intensified on Thursday, after a closely watched survey of businesses revealed bosses plan to raise prices at their fastest rate since the height of the cost-of-living crisis. British businesses also have the weakest hiring intentions since 2020 with firms expecting [...]
Lord Mayor: ‘Schizophrenic’ City needs more positivity

October 2, 2025

The City of London is suffering from a bout of “extraordinary schizophrenia” that has left it devoid of confidence at a time when other markets still view it as one of the world’s eminent financial centres, the Lord Mayor has said. In one of the last speeches he will make in post before his term [...]
South Western Railway performance nosedives after nationalisation

October 2, 2025

Performance at South Western Railway has plummeted in the months since it became the first network to be brought under state ownership, piling fresh scrutiny on the government’s nationalisation drive just days after it announced the lines that will be taken public next. Delays and cancellations both rose sharply over the three months after it [...]

Burnham and Rayner to hand Mayors new powers to tax tourists

Here’s to the quiet heroism of county cricket: Pride, jeopardy and extraordinary matches

Pernod Ricard’s results highlight the challenges for Scotch

By: Ali Lyon

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