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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Profit slumps at Page Group and Robert Walters as jobs market collapses

March 6, 2025

The slowing jobs market has forced two of the UK’s largest recruiters to reveal painful last-year performances in which profit and revenue nosedived. Page Group and Robert Walters both posted double-digit falls in overall revenue for the year ended 31 December. The latter’s earnings plunged 16 per cent to £892m, while Page Group’s dropped 13.5 [...]
Schroders to bear down on costs in major strategic overhaul

March 6, 2025

Storied investment giant Schroders has unveiled a new three-year strategy alongside its full year results in an attempt to attract new business and and reign in spiralling costs. The FTSE 100 investor has promised to deliver £150m of annual net cost savings, of which it claims to have already delivered £20m in the first three [...]
Digital nomads costing UK economy £3bn a year

March 6, 2025

The UK is missing out on over £3bn of consumer spending and £320m of lost VAT a year because of the rising popularity of ‘digital nomad’ schemes among British citizens. According to a fresh study from Public First, the modish regimes – which promise professionals long-term work visas without having to become fully-fledged tax residents [...]
UK growth outlook slashed amid tax and trade ‘double whammy’

March 5, 2025

The Chancellor’s growth agenda was dealt a fresh blow on Thursday after the British Chambers of Commerce slashed its forecast for the UK economy due to the tax and trade “double whammy” afflicting UK businesses. The business group now expects the UK economy to grow by just 0.9 per cent in 2025, a hefty downgrade [...]
Will western brands return to pariah state Russia?

March 4, 2025

It was the sight that heralded a new geopolitical era. Hundreds of Russian punters standing in a disorderly queue and braving the bitter Moscow air to sample their first bite of the latest big import from America. The iron curtain – having been chipped away slowly for years – had fully fallen just two months [...]
Bosses fear workers’ rights overhaul more than National Insurance hike

March 3, 2025

Employers are more worried about the government’s upcoming reforms to workers’ rights than the widely condemned National Insurance rises announced in the October Budget, a fresh poll has revealed. More than a third (34 per cent) of bosses cited the far-reaching overhaul to employment rights as the biggest challenge facing their organisation in 2025 despite [...]
Reeves urged to ‘urgently’ unlock pension capital to boost pre-IPO firms

February 28, 2025

Rachel Reeves should use the multibillion pound surplus in public sector pensions to give the UK’s most-promising scale ups crucial capital that will prevent them from listing abroad, a top accounting firm has said. Blick Rothenberg issued a rallying cry to the Chancellor to use her upcoming Spring Statement to lend some much-needed support the [...]
London Stock Exchange owner downplays extent of listing exodus

February 27, 2025

The owner of the London Stock Exchange dismissed the gloom that is plaguing London’s public markets, pointing to its solid performance relative to European counterparts. Speaking alongside his firm’s full-year results, David Schwimmer, the veteran boss of the London Stock Exchange Group (LSEG), reiterated his view that UK IPOs would pick up this year, saying [...]
Ratcliffe calls on Europe to ditch carbon tax to save chemicals industry

February 26, 2025

Sir Jim Ratcliffe has warned that Europe’s chemicals industry “faces extinction” and called on European Union leaders to ditch their carbon tax and increase tariffs to preserve it. In an open letter published on Wednesday, the founder and owner of chemicals giant Ineos launched an excoriating assessment of the EU’s approach to the chemicals sector, [...]
BP ramps up fossil fuel spending and rows back on green targets

February 26, 2025

BP will dial up its spending on oil and gas by $10bn (£7.9bn), slash its investment into renewable energy and offload $20bn of underperforming assets as part of a major strategic overhaul that aims to boost its beleaguered share price. In a much anticipated – and delayed – announcement from boss Murray Auchincloss, the British [...]

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By: Ali Lyon

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