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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Thames Water: London bills to rise by £99 in fresh Ofwat proposals as company placed in ‘turnaround’ regime

July 11, 2024

Ofwat, the UK's water regulator, has set out a record £88bn spending package that would see Londoders' bills go up by an average of £99 in the next five years excluding inflation.
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules

July 11, 2024

Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated governing rules and the "new government".
Jet2 hikes dividend after record passenger numbers boost profit

July 11, 2024

Budget airline Jet2 has hiked its dividend by more than a third after record passenger numbers helped its revenue and profit soar during its latest financial year.
Direct Line is now on price comparison sites – what does this signify?

July 11, 2024

Direct Line was one of the last big insurers to resist the lure of price comparison websites. Until now.
London landlords struggle to shift office space due to high rates and hybrid work

July 10, 2024

Landlords wanting to shift large London office this year have struggled to find a willing buyer, as nerves over hybrid working and higher interest rates continue to plague the upper end of a market that is still yet fully to recover from the pandemic.
Direct Line to put flagship brand on price comparison sites for the first time

July 10, 2024

Direct Line will list its signature brand on price comparison sites for the first time in its history, having held off doing so for years.
Crest Nicholson set to accept £720m Bellway bid as housebuilders eye tie-up

July 10, 2024

Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m.
SSP Group: Upper Crust owner’s shares soar on back of impressive sales

July 10, 2024

Travel food specialist SSP Group has continued its momentum from of May's half-year results, thanks to continuous increases in demand for leisure travel.
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.

British tycoons raise the alarm over state of UK economy

What London losing athletics to Nairobi tells us about future World Cup and Olympic bids

XPeng G6: The Electric SUV with Business Appeal

By: Ali Lyon

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