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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Nikhil Rathi reappointed FCA chief

April 10, 2025

Nikhil Rathi will be chief executive of the Financial Conduct Authority (FCA) for another five years, leading it on its new directive from the government to slash unnecessary and duplicated regulation, the Chancellor has confirmed. Rathi—a former Treasury mandarin and chief executive of the London Stock Exchange—will serve another five-year term as the boss of [...]
Deutsche Bank: The market has ‘lost faith’ in US assets

April 9, 2025

A “remarkable” sell-off in the dollar and US Treasuries suggests global markets have lost faith in American assets, and risks sparking an “outright financial war” that could force the Federal Reserve into another round of quantitative easing, Deutsche Bank’s top FX analyst has warned. In a wide-ranging note on Wednesday, George Saravelos said that the [...]
A decade of departures: Moscow only city with worse millionaire exodus than London

April 9, 2025

If Knight Frank’s inaugural Global Cities survey was anything to go by, London had the world at its feet in 2013. Respondents to the property giant’s annual poll of global wealth advisers declared the UK capital—not Singapore, Geneva, or any of America’s embarrassment of global cities—the ‘most important city in the world’ to their ultra-high-net-worth [...]
British firms sticking to DEI policies despite Trump crackdown

April 8, 2025

UK business leaders are not adjusting their approach to diversity, equity and inclusion (DEI) despite many high profile American counterparts rowing back on their policies in the face of pressure from the Trump administration, a survey has found. According to a poll conducted by the Institute of Directors (IoD), more than seven in 10 (71 [...]
Barclays goes ‘overweight’ FTSE 100 amid global rout

April 7, 2025

Barclays strategists have upgraded their position on the FTSE 100 to ‘overweight’ in the face of the extreme rout of global stocks after Trump’s swingeing global tariffs. Despite suffering its worst two-day trading period since the pandemic, London’s blue-chip index has outperformed its international peers in recent days, falling just under 10 per cent since [...]
Fear index hits highest level since pandemic

April 7, 2025

Traders’ so-called ‘fear gauge’ has reached its highest level since the onset of the pandemic, as investors brace for more market uncertainty in the wake of Trump’s swingeing tariffs. The Vix index, which shows the US stock market’s expectation of volatility over the next month, reached as high as 60 in the early hours of [...]
Exclusive: WPP ad agencies Ogilvy and Grey have not yet introduced four-day office policy

April 4, 2025

Two of WPP’s flagship advertising agencies have not been able to introduce their holding company’s contested return-to-office mandate because they do not have enough desks to accommodate the influx of staff. City AM has learned that Ogilvy and Grey’s London offices have not yet implemented WPP’s demand for staff to work four days a week [...]
Luton Airport expansion gets go-ahead

April 3, 2025

Luton Airport’s major expansion has been given the green light by ministers, who overruled advice from planners to reject the project until it met certain environmental conditions. The approval, granted by transport secretary Heidi Alexander, means the north London hub can break ground on construction work that will see it add a new terminal and [...]
ICC boss: Tit for tat tariffs response risks return to Great Depression

April 3, 2025

A ‘tit for tat’ response to Donald Trump’s tariffs risks plunging the world into an economic slowdown redolent of the Great Depression, the head of the world’s largest trade body as warned. Speaking to City AM, John Denton, secretary general of the International Chamber of Commerce (ICC), cautioned world leaders that any “thoughtless and knee [...]
Bank of England fines financier Jay Hambro

April 2, 2025

The Bank of England has fined banking dynasty scion Jay Hambro for his conduct during a stint as director of the Wyelands Bank, the Sanjeev Gupta-owned lender that ignominiously collapsed in 2020. The BoE’s Prudential Regulation Authority (PRA) issued Hambro – a prominent City figure – with a £72,000 penalty on Wendesday, saying that his [...]

London mayor gives green light for pedestrianised Oxford Street

Emirates boss on Arsenal stadium, leaving F1 and NBA Europe

London is the best food city in the world – here are 3 reasons why

By: Ali Lyon

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