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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BP quits North Sea after tax grab

July 31, 2026

BP will sell its North Sea oil division after the government’s tax raid on domestic oil, in a move that will leave the British energy giant without any petrochemicals production in its home market for the first time in decades. The London-listed oil giant told investors it planned to market its assets in the region [...]
Miliband refused to meet motor trade body to discuss zero emissions mandate

July 30, 2026

Ed Miliband refused to meet the UK motor industry’s largest trade body during his two-year stint as energy secretary, despite the government’s controversial targets for electric vehicle sales falling partly under his department’s purview. Society of Motor Manufacturers and Traders (SMMT) boss Mike Hawes said his lobby group’s requests to meet the Labour heavyweight and [...]
Shell launches bumper buyback after earnings more than double on Middle East turmoil

July 30, 2026

Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The Anglo-Dutch giant’s net profit spiked to $9.8bn between April and July, more than double the same period last year and beating analyst estimates. Shares were up [...]
Vehicle production drops in first half of year

July 30, 2026

British car manufacturers produced considerably fewer vehicles in the first six months of this year, according to fresh figures from the industry’s largest trade group which warned that tariffs and domestic policy decisions were weighing on an already struggling sector. Vehicle production fell by 7.5 per cent between January and July compared to the same [...]
Glencore and Rio Tinto strike gold on high commodity prices

July 29, 2026

Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme [...]
Passengers to foot bill for Heathrow third runway bidding process

July 29, 2026

Heathrow will be allowed to pass the vast bill it has racked up preparing its third runway bid onto passengers, the aviation watchdog has said, in a ruling that promises to extend the airport’s position as the most expensive in the world. The Civil Aviation Authority judged that Heathrow Airport Limited (HAL) will be allowed [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks

July 29, 2026

Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
‘Nasty’ chip stock rout plunges Nasdaq into correction territory

July 29, 2026

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market [...]
Sweeping job cuts at GSK to fund £400m Cambridge campus

July 28, 2026

GSK is poised to slash its back office headcount to help fund a £400m mega-campus in Cambridge, in a move it hopes will bolster its drugs pipeline anFd stave off a looming patent cliff-edge. In his first major update as chief executive, Luke Miels unveiled plans to find £1.9bn of savings over the next three [...]
‘I thought this would be drama-free’: Games Workshop pockets tariff reprieve

July 28, 2026

Games Workshop pocketed a £7.8 refund from the US administration after the Supreme Court rules Donald Trump’s ‘liberation day’ tariffs to be illegal, the company has said in another positive trading update. The Warhammer maker told investors it had initially paid US customs £12m to continue trading across the Atlantic, a considerable hit to the [...]

Prem Rugby announces record deal with key partner

Prem Rugby announces record deal with key partner

Apple unveils new 600 capacity music venue in London – see pictures

By: Ali Lyon

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