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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Burnham tax plans spark investor rush to bank capital gains

July 2, 2026

Entrepreneurs and savers are rushing to bring forward the sale of their businesses or take profit on investments in anticipation of Andy Burnham’s rumoured plans to fund his ambitious devolution agenda by equalising capital gains tax with income tax. Tax and financial advisers reported a sharp uptick in client enquiries on the likely Prime Minister’s [...]
Winners and losers: Billionaires boom but Brits suffer largest fall in wealth since pandemic

July 1, 2026

The artificial intelligence boom fuelled a 13 per cent surge in global billionaire wealth last year, according to a fresh study which also found the UK has suffered the biggest fall in overall wealth levels of any developed nation since the pandemic. According to the UBS temperature check of high-net-worth individuals, nearly 400 billionaires were [...]
Two Uzbekistani London debuts delayed to next year

July 1, 2026

The eagerly anticipated London listings of two Uzbekistani state-owned companies have been pushed back to 2027, the country’s deputy prime minister has said, despite the successful public debut of its national investment fund earlier this year. Jamshid Kuchkarov told an event in Tashkent that planned IPOs of Uzbekistan Airways and telecom giant Uzbektelecom will no [...]
Nandy ‘minded to intervene’ in Paramount’s £85bn Warner Bros takeover

June 30, 2026

Culture secretary Lisa Nandy will ask the competition and media watchdogs to probe Paramount’s £85bn acquisition of Warner Bros Discovery to ensure the mega-deal doesn’t stifle the breadth of Britain’s media ecosystem. The Wigan MP said on Tuesday that she planned to authorise both the Competition and Markets Authority (CMA) and Ofcom to examine the [...]
Electric vehicle mandate and tariffs put carmakers ‘at risk’

June 30, 2026

Britain’s ailing car industry could be hollowed out without urgent action to tackle the twin blows of tariffs and the government’s EV mandate, the head of its industry body has warned. Speaking at the SMMT’s annual summit, boss Mike Hawes said that the so-called ZEV mandate – a policy that forces carmakers to sell a [...]
Detail-lite Burnham speech unnerves jittery bond market

June 30, 2026

Andy Burnham risks sparking a bond market rout unless he sets out how he will fund the ambitious measures announced in his first set piece speech since Keir Starmer’s resignation, a group of bond investors have said. Fixed income specialists told City AM that while the former Manchester mayor’s vow to stick with his predecessor’s [...]
Government-backed ESG reporting platform put up for sale as firms backtrack on eco-goals

June 30, 2026

An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, City AM can reveal, in the latest sign blue-chip companies are paring back their sustainability commitments. World Wide Generation, which operates the platform, known as G17 Eco, has opened the bidding to interested parties and [...]
Heathrow launches mental health service for locals affected by third runway

June 29, 2026

Heathrow has launched a mental health support service for residents affected by the third runway expansion in a bid to stave off opposition from hundreds of locals who face being turfed out for the development. In a letter set to locals last week, the west London hub confirmed plans for a fully funded wellbeing support [...]
‘Corbyn was spot on’: The radical MP shaping Burnham’s economic agenda

June 29, 2026

Miatta Fahnbulleh is one of Andy Burnham’s key confidants, spearheading his agenda on energy, devolution and the cost of living. Policies the MP for Peckham has previously endorsed suggest the country is in for a sharp leftward lurch, writes Ali Lyon. The red wall had been demolished. Boris Johnson, imperious. And Jeremy Corbyn’s Labour movement [...]
Iran war to dent passenger volumes, Heathrow warns

June 26, 2026

Heathrow has told its creditors the Iran war will dent passenger volumes at the west London hub in an update in which it also railed against plans for a new regulatory model being proposed by the aviation watchdog. In a bi-annual report aimed at its bondholders, Heathrow Airport Limited (HAL) said that despite the regional [...]

The unhelpful nationalism of ‘Buy British’ in defence

Extraordinary athletes, ordinary content: why even Nike should make more of its talent

Jaguar reveals the Type 01’s screen-free interior

By: Ali Lyon

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