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 shares slide four per cent after warning of £1.6bn impairment

July 9, 2024

BP also said its second-quarter results, expected on July 30, will include post-tax adverse adjustments around what it called "onerous contract provisions. These are expected to be between $1bn and $2bn.
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022

July 9, 2024

Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
Savills: ‘Maturing’ build-to-rent market needs staggering £300bn to meet demand

July 9, 2024

The build-to-rent sector needs a total of £300bn of investment if it is to meet future levels of demand even after the sector has begun to emerge as "a mainstream investment in the UK", Savills has warned.
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn

July 9, 2024

Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.
Synectics: Security firm for British Museum and Westminster Abbey pays out first dividend in five years

July 9, 2024

Security firm Synetics will issue a dividend for the first time in five years thanks to revenue and profit rises in line ambitious market expectations.
Hunting rides wave of energy firms’ oil and gas demand

July 9, 2024

Oil well manufacturer Hunting traded ahead of expectations in the first half of 2023, its management has said, thanks to especially strong performance in its oil country tubular goods and its subsea and advanced manufacturing segments.
Lifting onshore wind ban ‘exactly what industry needs’, investors say

July 8, 2024

The Labour government's decision to lift the effective ban on onshore wind farms has been met with delight from the UK business community, with city lawyers and investors branding it a "no-nonsense statement" that will help "deliver on net-zero ambitions".
Housebuilding giants Bellway, Berkeley and Barratt laud Reeves’ planning pledge

July 8, 2024

Some of the UK's largest property and housebuilding firms have welcomed the new Labour government's promise to "get Britain building again" with a reintroduction of compulsory housebuilding targets, calling them "hugely encouraging".
Fortress Capital is a Ponzi scheme, administrators claim amid attempt to bankrupt directors

July 8, 2024

Administrators of an investment firm that had been backed by celebrities and footballers have labelled it a Ponzi scheme, and will seek to bankrupt its two directors.
Shortage of high-quality student homes drives growth at Unite

July 8, 2024

Strong rental growth at the properties owned by London-listed Unite Students helped drive up the value of the student accommodation provider's portfolio, it said in a half-year update.

Londoners can no longer afford the Notting Hill Carnival

Uefa to call off Fifa boycott and step up talks over Infantino at Champions League draw

Golf, events and bags of nostalgia at Newport’s Celtic Manor

By: Ali Lyon

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