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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£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 [...]
Anglo Asian to keep Aim listing ‘under review’ in push to treble copper output

May 27, 2026

An Azerbaijani miner has said it was keeping its listing on Aim under regular review as it seeks to evolve into a mid-market commodities group that is on course to more than treble its copper output over the coming year. Anglo Asian vice president Stephen Westhead told City AM that while the company was “currently [...]
BP chair ousted over ‘volcanic’ behaviour after less than a year

May 26, 2026

The chair of BP has been fired after less than a year, after “serious concerns” about his conduct were lodged with the energy major’s board. Albert Manifold was stripped of his roles as chair and director of the London-listed petrochemicals giant having only taken the reins last July, with director Amanda Blanc saying the board [...]
Mia Drennan: I was selling Macks in Debenhams – now I run a unicorn

May 26, 2026

It took Mia Drennan 400 meetings to get her loan agency off the ground. Over 15 years later, she speaks to Ali Lyon about the recent investment that took the firm to fabled unicorn status, and what lies next. It is half-past-five on a balmy Thursday evening and in a cavernous central London office, a [...]
Losses balloon at Easyjet despite seeing ‘no disruption’ to jet fuel supplies

May 21, 2026

Easyjet has played down fears that a jet fuel crisis caused by the Middle East will rip through its low-cost model, saying it has kept price rises to a minimum despite losses at the carrier ballooning to more than half a billion pounds. The London-listed carrier told investors it was “not seeing any disruption” to [...]
New HS2 budget to blow £33bn hole in public finances

May 21, 2026

The government will need to find as much as £33bn in additional cash from tax and spending measures or from other departments to fund its revamped plans to deliver HS2. According to a City AM analysis, the Department for Transport’s updated proposals for the rail line require between £18bn and £33bn of additional public money [...]

Co-Op and Next among firms launching workplace savings scheme to boost workers’ emergency fund

Children as young as 14 are being targeted by unregulated gambling firms on social media

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Ali Lyon

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