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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WPP shares plunge after turnaround plan targets £500m of savings

February 26, 2026

WPP has promised to make £500m of cost savings by the end of 2028 as part of a root-and-branch turnaround plan after suffering a halving of profit. The FTSE 250 firm’s new boss Cindy Rose told reporters she had already “identified multiple initiatives” to deliver on its ambitious savings commitment to help turn around a [...]
UK asset managers pile into cut-price software stocks after rout

February 25, 2026

Two of Britain’s largest asset managers have bolstered their positions in under-fire software companies in a bet that markets are overestimating the harm that artificial intelligence will have on their business model. Aberdeen and Rathbones have both added to holdings data giants like Relx, Adobe and Experian, arguing that the firms’ cratering valuations are largely [...]
There’s a new Magnificent 7, and it’s called the Fusty 5

February 24, 2026

The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
Top entrepreneurs demand ‘radical reset’ in new campaign

February 24, 2026

Britain is entrenched in a narrative of decline that can only be reversed with a radical political and cultural reset, a group of top entrepreneurs has warned at the launch of a campaign to improve the investment and trading environment for Britain’s fastest-growing companies. Spearheaded by Ovo Energy founder Stephen Fitzpatrick and Founders Factory chair [...]
‘I can do terrible things’: Trump launches fresh tariffs tirade

February 23, 2026

The government has said that no response to Donald Trump’s revived trade onslaught is off the table, after the President warned he could still do “terrible things” to the US’s trading partners despite his ‘liberation day’ tariffs being deemed illegal by the Supreme Court. A spokesman for the Prime Minister told reporters that while “no [...]
Private equity run of barren returns worse than in run-up to 2008

February 23, 2026

Private equity funds returned fewer profits to investors for a record fourth year running in 2025, according to a report from industry juggernaut Bain & Co which warned that fundraising for new funds had become a “slow and difficult slog”. Distributions as a percentage of net asset value (NAV), which denotes how much private equity [...]
London Stock Exchange confirms first firm on Pisces framework

February 20, 2026

A vehicle containing shares in a £1.3bn venture capital firm that backs tech spin-outs from Oxford University will be the first organisation to use the new Pisces private stock market, the London Stock Exchange has said. The UK’s flagship capital markets operator confirmed that shares in Oxford Science Enterprises, an early-stage VC fund best known [...]
Inheritance tax haul hits another record

February 20, 2026

The government raked in a record amount of cash from inheritance tax, as receipts for the unpopular levy were boosted by frozen thresholds sucking in a record number of taxpayers and ballooning asset prices. The exchequer collected a total of £7.1bn between April 2025 and January 2026 from the tax, official HMRC figures show, a [...]
MPs want overhaul of Heathrow regulation before third runway

February 20, 2026

Nearly nine in 10 members of parliament do not think Heathrow’s ambitious third runway expansion should go ahead unless there is a major overhaul of its regulatory framework to help bring down costs. A fresh poll of British lawmakers found that 84 per cent are reluctant to vote through the historic expansion without the west [...]
Global Counsel to be placed into administration

February 19, 2026

Global Counsel’s 130 staff have been informed that the lobbying company founded by Peter Mandelson will be placed into administration as soon as tomorrow. City AM understands that despite a number of clients deciding to stay with the firm, the loss of business following the former US ambassador’s fall from grace has been substantial. A [...]

Premier League +, VPN piracy and lessons from Norway and France

Premier League +, VPN piracy and lessons from Norway and France

Rolls-Royce to launch ultra-exclusive Coachbuild Collection

By: Ali Lyon

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