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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US investor dials up attacks on investment trust before crunch vote

January 7, 2026

The American hedge fund tycoon behind a campaign to shake up Britain’s investment trust sector has ramped up his attacks on a Baillie Gifford fund ahead of a pivotal shareholder vote, demanding answers over its decision to offload shares in Space X. Boaz Weinstein, the founder of Saba Capital, published an open letter to Edinburgh [...]
‘A load of rubbish’: Pubs round on Starmer’s licencing offer

January 7, 2026

Pub and hospitality bosses have rounded on Keir Starmer’s suggestion that relaxed licencing laws may compensate the industry for business rates bills having risen at the Budget, branding the proposal “a load of rubbish”. The Prime Minister confirmed his government was talking to industry leaders about “what further support” ministers could provide pubs and other [...]
Trump torpor: What explains markets’ muted response to Venezuela and Greenland?

January 7, 2026

It is understandable that of the dozens of 2026 market outlook papers published by banks and analysts last month, not one predicted that Venezuela’s autocratic leader, Nicolas Maduro, would be captured in a historic overnight raid just three days into the New Year. Even more forgivable, is the fact none foresaw the rapid escalation of [...]
Billionaire Hohn handed £60m dividend and ramps up philanthropy

January 6, 2026

Hedge fund billionaire Sir Chris Hohn gave himself a £60m dividend in 2025 and cemented his reputation as one of the world’s most generous philanthropists, dishing out nearly £600m of his investment firm’s profit to good causes. Hohn’s TCI Fund Management was bolstered by the strong performance of its flagship funds, which carried turnover at [...]
Non-doms made up two thirds of super-prime sellers in 2025

January 6, 2026

Wealthy foreigners fleeing the UK to escape the government’s crackdown on non-doms were behind two of every three super-prime property sales last year, leading prices at the top-end of London’s housing market to extend declines that now stretch over a decade. According to a fresh analysis of London property transactions above £15m, 65 per cent [...]
Future of Bank of England’s Venezuelan gold back in spotlight after Maduro capture

January 6, 2026

The foreign secretary has signalled the Bank of England will continue to withhold $4.8bn of Venezuelan gold being held in its vaults, despite the dramatic toppling of the country’s autocratic ruler potentially paving the way to the reserves being returned. Addressing lawmakers late on Monday, Yvette Cooper suggested the government would continue its refusal to [...]
Knight Frank appointed for bumper Brighton Palace Pier sale

January 2, 2026

Knight Frank has been instructed on the sale of Brighton Palace Pier, two months after the Grade II-listed landmark’s owners revealed their plans to offload the amusement park amid a barrage of economic headwinds. The Brighton Pier Group appointed the property giant to seek a buyer for the coastal attraction, which its operator said in [...]
Uber prices set to soar as ministers introduce VAT crackdown

January 2, 2026

Prices on ride hailing apps like Uber are set to soar, after the government ploughed ahead with a promise to apply VAT to online mini cab companies despite warnings from the industry that the move would worsen the cost of living. From Friday, private hire vehicle operators in London will no longer be able to [...]
UK’s first high-speed railway HS1 faced cancellation months before Channel Tunnel opening

December 31, 2025

Ministers considered abandoning the High Speed 1 (HS1), the UK’s first high-speed railway that links London to the Channel Tunnel amid financial struggles just months before the cross-channel line was opened by Queen Elizabeth II, City AM can reveal. According to correspondence released by the National Archives, transport minister John MacGregor listed axing the high-speed [...]
Elizabeth Line branded a ‘folie de grandeur’ in Treasury campaign against Crossrail

December 31, 2025

Tory Chancellor Kenneth Clarke warned that initial plans for the Elizabeth Line were a “folie de grandeur” that taxpayers would be unwilling to foot the bill, during a protracted rearguard action against the megaproject by the Treasury in the 1990s, City AM can reveal. According to a fraught set of ministerial correspondence released to the [...]

New Married At First Sight series still in edit despite ‘troubling’ allegations

Uefa warns Kang and London City Lionesses over multi-club rules

Huge change to Tesco meal deal as Corona and Heineken added

By: Ali Lyon

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