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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Entrepreneur slams No 10 wealth grab – despite getting taxpayer-backed loan

August 6, 2025

The founder of a hot tub and plunge pool business has said he understood why “the masses” were leaving Britain and was accelerating plans to do so himself, despite his firm recently receiving a taxpayer-funded loan to fuel its international expansion. Rob Carlin, who runs Derbyshire-based spa company Superior Wellness, blamed a succession of punitive [...]
Wealth exodus ramps up as bosses quit UK

August 6, 2025

A wave of company directors have left the UK since the government unveiled a host of punitive tax rises on the wealthy at its maiden Budget last autumn, exacerbating fears that a wealth exodus of Britain’s most affluent residents is afoot. According to an analysis of Companies House data, 3,790 company directors removed Britain as [...]
Glencore shelves plans to move primary listing from London

August 6, 2025

Glencore has scrapped plans to move its primary listing from London as part of a major overhaul to reverse its declining share price and stuttering production. Boss Gary Nagle confirmed on Wednesday the Anglo-Swiss commodities juggernaut was no longer assessing whether to move its main listing to New York, telling reporters it decided the move [...]
Rich parents fear children will squander inheritance

August 6, 2025

An increasing number of high-net-worth parents are worried that leaving too much money to their children will be a “curse on their lives” and are turning to charity donations to avoid handing large sums down the generations. According to a fresh poll, three quarters of parents with a net worth of £3m or more believe [...]
Brewdog ad banned for promoting beer as ‘solution for loneliness’

August 6, 2025

A Brewdog advert has been banned by the advertising watchdog for suggesting that one of its beers could be a remedy for boredom, loneliness and frustration. The Advertising Standards Authority (ASA) ruled that a poster to promote the Scottish brewer’s Wingman IPA beer implied it could be a solution to overcoming several daily problems – [...]
Ouch! Starmer and Reeves now less popular than Donald Trump

August 5, 2025

Keir Starmer and Rachel Reeves are now less popular than Donald Trump in the eyes of British voters. According to the latest City AM/Freshwater survey, Donald Trump and his on-off acolyte Elon Musk are ferociously unpopular with the average UK citizen. More than 57 per cent of respondents told pollsters they had an unfavourable view [...]
Advisory giant Teneo valued at £1.7bn in fresh deal

August 4, 2025

Advisory firm Teneo has received fresh backing from a top Liechtensteiner buyout firm valuing it at $2.3bn (£1.73bn), in a deal that suggests the malaise afflicting the world’s largest holding companies and consultancies is not extending to more specialist or diversified firms. LGT Capital Partners is backed by Liechtenstein’s royal family and has over $100bn [...]
Metlen shares jump on £5bn London debut

August 4, 2025

Metlen Energy and Metals had a strong first morning as a London Stock Exchange constituent, after the Greek industrials giant opted to shift its primary listing from Athens. The group’s shares opened at €48 (4180p) – 1.8 per cent higher than the stock’s closing price in Athens of €47.16 – and continued to rise throughout [...]
BP makes its largest oil discovery in 25 years

August 4, 2025

BP has made its biggest oil discovery in a quarter of a century off Brazil’s Atlantic coast, in a big boost for the beleaguered oil giant mired in a battle to turn around years of underperformance. The petrochemicals giant’s head of production and operations, Gordon Birrell, announced the “significant discovery” in Brazil’s Santos Basin to [...]
Reeves’ non-dom crackdown is unwittingly driving rich Brits away too

August 4, 2025

The hordes of wealthy foreigners leaving Britain to escape the government’s non-dom crackdown are being joined by high-net-worth Brits capitalising on an arcane element of the policy that has made it easier for them to avoid paying inheritance tax (IHT). Several wealth advisers and tax lawyers have reported a “second wave of interest” from middle-aged [...]

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By: Ali Lyon

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