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      UK manufacturers facing ‘steel quota cliff edge’

      The steel industry has been particularly badly hit by rising energy costs

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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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All 965 Articles
  • Industry chief calls on government to water down steel tariff plans

    May 14, 2026

    Government plans to double tariffs on steel imports pose an enormous threat to Britain’s already ailing manufacturing industry, pushing up costs at a time when many are already in the jaws of an inflationary energy shock, Britain’s largest industry body has warned. In a letter seen by City AM, British Chambers of Commerce (BCC) boss [...]

  • Time to Aim higher: ‘No visible effect’ of flagship pensions overhaul a year on, industry chief warns

    May 14, 2026

    Britain’s embattled small-cap companies have not yet felt any positive impact from the Mansion House Accord, the boss of an influential industry body has warned, a year on from the UK’s largest pension providers agreeing to plough more cash into unlisted and private assets. In a letter sent to all 17 of the pact’s signatories, [...]

  • King’s Speech: Ministers ban North Sea oil and gas exploration

    May 14, 2026

    The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax [...]

  • Pension fund snaps up cut-price government bonds amid Starmer sell-off

    May 13, 2026

    One of the UK’s largest pension funds has jumped on the turmoil that speculation over Keir Starmer’s future has unleashed on the gilt market, scooping up government bonds at multi-decade low valuations. Standard Life has added to its holding of UK government debt, City AM understands, seizing on a sharp dip in the of the [...]

  • Labour MP: Bond markets ‘will have to fall into line’ with Burnham agenda

    May 12, 2026

    Bond markets will have to fall in line with an Andy Burnham premiership even if the Manchester mayor pursues a considerably more left-leaning economic platform, a Labour MP has claimed. Paula Barker, the Labour member for Liverpool Wavertree, hailed Burnham as a “fantastic politician” who is the only person likely to beat Keir Starmer in [...]

  • Directors of collapsed Carillion banned by accounting watchdog

    May 12, 2026

    A pair of Carillion finance directors in post shortly before its collapse have been fined and banned by the accounting industry watchdog, bringing the curtain down on eight years of regulatory probes into one of the most notorious corporate failures in British history. Richard Adam – who served as the now-extinct contracting company’s finance director [...]

  • Big Short guru: Nasdaq about to resemble a ‘bloody car crash’

    May 12, 2026

    The investment guru depicted in the Big Short has warned that New York’s Nasdaq resembled “the scene of a bloody car crash, minutes before it happens”, accusing Wall St of overinflating the bumper Big Tech earnings that have carried US indexes to a string of all-time highs. Michael Burry, whose decision to bet against the [...]

  • Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger

    May 12, 2026

    One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]

  • Bond market rounds on Rayner’s economic platform

    May 12, 2026

    Angela Rayner’s economic response to the Labour party’s bruising local elections defeat would trigger a sell-off in UK governments debt at a time when Britain’s borrowing costs are already at multi-decade highs, bond investors and analysts have warned. The former deputy Prime Minister laid out a detailed proposal for how her party to respond to [...]

  • Cabinet ministers urge Starmer to set path for succession

    May 11, 2026

    Keir Starmer’s Downing Street operation was plunged into a full-blown crisis on Monday, after three cabinet ministers urged him to set a timeline for his resignation despite the robust defence of his premiership he launched in a make-or-break stump speech earlier in the day. Speculation over the future of his government reached fever pitch into [...]

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