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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Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage

October 28, 2025

The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Tom Hayes sues UBS over Libor scandal

October 28, 2025

Tom Hayes is suing his former employer UBS, alleging it handed him on a “silver platter” to white-collar crime prosecutors to safeguard the interests of the Swiss lender and its leadership. The former trader, who became the face of the Libor rate-rigging scandal when he was sentenced to nine years in a UK prison in [...]
The man on a mission to save the internet

October 28, 2025

Search engines and publishers used to operate on a simple deal: publishers would let the likes of Google trawl their site, and in return Google would give them traffic. With the advent of AI, that deal is all but dead, leaving the internet’s old model under existential threat. Ali Lyon meets Matthew Prince, the man [...]
Mining boss: Journey from Aim to main market ‘too difficult’

October 28, 2025

The mining boss behind the London main market’s newest member has said his firm would not have transferred from Aim had he known how complicated the process would be, despite the junior market partly existing to act as a stepping stone to London’s principal exchange. Cobus Loots, the chief executive of South African-based gold miner [...]
Black interns fill Emirates to mark charity milestone

October 24, 2025

Thousands of black professionals packed out the Emirates Stadium on Thursday to celebrate the 10,000 Interns Foundation achieving its mission just five years on from being established in 2020. The non-profit organisation, which works with major employers to improve opportunities for underrepresented talent Britain, managed to fill the Arsenal ground with 10,000 current interns, alumni [...]
Another US lender tumbles as credit jitters accelerate

October 24, 2025

Another mid-sized lender filed for bankruptcy in the US, highlighting the growing strain in American credit markets which Andrew Bailey has likened to the subprime crisis that foreshadowed the Great Financial Crisis (GFC). Primalend, a Texan provider of subprime financing to car dealerships, said in a filing on Wednesday that it had collapsed after months [...]
FCA boss sounds alarm financial system resilience

October 22, 2025

The boss of the Financial Conduct Authority (FCA) has sounded the alarm on Britain’s resilience against escalating geopolitical tensions, warning the country’s financial system is not sufficiently prepared the confluence of escalating security threats it faces. In a speech calling for finance to be put at the heart of the UK’s defence strategy, Nikhil Rathi [...]
Third runway shortlist revealed as ministers push for fast take-off

October 22, 2025

The transport secretary has shortlisted two potential operators to oversee the development of Heathrow’s third runway as part of an overhaul of the planning process that she hopes will speed up the megaproject’s delivery. Heidi Alexander told MPs on Wednesday that bids from incumbent operator Heathrow Airport Limited (HAL) and the ‘Heathrow West’ proposal from [...]
Lord Mayor calls for ‘attitude shift’ in City

October 22, 2025

The UK’s world-leading financial services sector must adopt a more positive attitude that puts innovation and entrepreneurial spirit at its heart, the Lord Mayor will say in a speech in which he is also expected to urge City regulators to redouble their efforts to slash red tape. In what will be some of his last [...]
Investment minister Jason Stockwood: I don’t want to be political

October 22, 2025

Jason Stockwood insists he hadn’t been angling for a plumb ministerial job before the call from Keir Starmer asking for him to be investment minister came six weeks ago. The serial entrepreneur – and Grimsby Town Football Club co-owner – had, instead, been “moaning” about the paucity of politicians with genuine business experience, when the [...]

OBR warns Healey: Stealth taxes to blame for living standards slump

Ice Hockey World Championships sponsor threatens to pull out over Russia

Meet the woman trying to fix hospitality’s toxic kitchen culture

By: Ali Lyon

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