By: Ali Lyon

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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Iran ‘pulls out of talks with US’ and threatens to strike Israel

June 1, 2026

Iran has withdrawn from peace talks with the United States and threatened to launch an attack on Israel after the Netanyahu administration announced plans for an air strike on neighbouring Lebanon. According to a state-affiliated news agency, Tehran has vowed to hit back at northern Israel if Lebanon is hit by Israeli strikes and end [...]
M&S chief’s pay slashed by £3m after cyberattack turmoil

June 1, 2026

The boss of Marks & Spencer has seen his pay slashed by more than 40 per cent after a crippling cyberattack forced the supermarket to scrap its bonus policy across the business. Stuart Machin received £3.97m in the 12 months to April, according to the company’s annual report, down sharply from the £7m he was [...]
House prices will fall by two per cent this year – the most since the financial crisis

June 1, 2026

House prices will fall by two per cent for the first time since the financial crisis this year, according to Savills, which warned mortgage hikes as a result of the Iran war had “fundamentally changed the outlook for the housing market”. The property giant was forced to revise down its property price forecast for 2026 [...]
Burberry delays climate pledge by a decade to 2050

May 29, 2026

Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, City AM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become [...]
Bank of England’s Bailey: Interest rates hike may not be needed

May 29, 2026

The Bank of England may not raise interest rates in response to the Iran war and has already effectively tightened monetary policy by taking the prospect of future rate cuts off the table, governor Andrew Bailey has said. In a speech in Iceland, the central banking chief said that inflation is “likely to go higher” [...]
£450m City block approved after developers lop three storeys of plan

May 29, 2026

Revised plans for a new £450m tower in the City have been rubber-stamped by the Square Mile’s planning committee after developers chose to lop three stories off the building’s design in response to fierce local criticism. The City of London Corporation greenlit an adjusted proposal for the 1 Silk Street mega-scheme on Thursday, saying it [...]
‘Lies’ – Chaos at BP as sacked chair defends himself against ‘anonymous’ attacks

May 28, 2026

Albert Manifold has dialled up his attack on his former employer BP, accusing the energy giant of lacking direction before he took the reins and denying the “lies” that have been told about him since his abrupt firing. In his second statement in as many days, BP’s ousted chair launched a staunch defence of his [...]
Three UK cities make world’s 10 ‘smartest’ tech hubs – and Oxford is higher than Silicon Valley

May 28, 2026

London, Oxford and Cambridge are among the 10 most vibrant tech centres in the world, according to a closely watched study which found that Singapore had leapfrogged both Zurich and London to clinch top spot. The two university towns both climbed up the rankings of Z/Yen’s Smart Centres Index, making Britain the only country to [...]
Local authorities thwart housebuilding with ‘manifestly unfair’ council tax raid on developers

May 28, 2026

Cash-strapped local authorities across Britain are thwarting efforts to increase housebuilding by hitting property developers with steep council tax bills as soon as their homes are listed as complete, an influential industry body has warned. In a paper shared with City AM, the boss of the Home Builders Federation (HBF) accused local councils of slapping [...]
BP chair Manifold hits back at ‘false’ misconduct claims

May 27, 2026

BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]

How Britain can stay clear of rivals as home of overseas sport club owners

How Britain can stay clear of rivals as home of overseas sport club owners

Why the Loire Valley is about so much more than fairytale castles

By: Ali Lyon

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