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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Kevin McCloud: Housebuilder ‘oligopoly’ needs urgent reform

May 2, 2025

Britain’s housebuilding industry is a cartel-like oligopoly that needs root and branch reform in order for the UK is to build enough high-quality homes to solve its housing crisis, Grand Designs presenter Kevin McCloud has said. In a withering assessment the track record of major housebuilders, McCloud said the UK construction sector’s supply chain had [...]
Rio Tinto shareholders reject move to ditch primary London listing

May 1, 2025

Rio Tinto will keep its primary London listing after the mining giant’s shareholders voted comprehensively to reject an activist investor’s push for the firm to abandon its current dual-listed structure. More than eight in 10 shareholders voted against the motion proposed by London-based Palliser Capital, which called for a review into whether the miner should [...]
Shein pauses London IPO as tariff hit sparks US restructuring plans

April 30, 2025

Fast-fashion giant Shein has put preparations for its London float on ice while it calculates the best way to respond to Donald Trump’s draconian tariffs on Chinese imports. According to the Financial Times, the Chinese-founded firm is considering a major overhaul of its US operations, which are especially exposed to the US administration’s sweeping trade [...]
US economy shrunk by 0.3 per cent in first quarter

April 30, 2025

The United States economy shrunk by 0.3 per cent in the first three months of 2025, after American companies raced to get ahead of Donald Trump’s sweeping tariffs by stockpiling imports. According to official government data, the US economy fell into contraction from growth of 2.4 per cent, with the effect of higher imports compounded [...]
Businesses are bracing for trans policy rewrites

April 30, 2025

Campaigners and watchdogs say the Supreme Court’s recent ruling on trans inclusion in the Equality Act brought clarity. But for bosses, the topic is likely to become even more of a minefield, says Ali Lyon. Ever since her appointment as chair of the UK’s human rights watchdog in 2020, Baroness Falkner has been convinced that [...]
Investor demand for gold hits three-year high

April 30, 2025

Record interest from investors and sustained appetite from central banks helped keep demand for gold among the highest its been since the onset of the pandemic at the start of 2025. According to the World Gold Council, the spectre of Donald Trump’s tariffs and continuing geopolitical uncertainty all served to maintain demand for the traditional [...]
Redbird ‘confident’ of tying up Telegraph deal in weeks

April 28, 2025

US private equity shop Redbird Capital is “confident” of getting a deal for the Daily Telegraph newspaper over the line in just a few months, marking the end of the conservative broadsheet’s two-year hiatus without an active owner. A source familiar with the negotiations told City AM that the uncertainty continuing to swirl around the [...]
Exclusive: Goldman Sachs International boss joins non-dom exodus

April 24, 2025

Goldman Sachs’ most senior banker outside America is joining the growing ranks of wealthy foreigners leaving the UK to avoid the government’s crackdown on non-doms, City AM can reveal. Richard Gnodde, the investment banking juggernaut’s vice chairman, is moving to Milan to avoid changes the Chancellor made to the non-dom regime and foreign-held trusts in [...]
British Steel cancels mass redundancy plans

April 22, 2025

Thousands of steel workers have breathed a sigh of relief after the threat of mass redundancies was withdrawn following a government decision to put British Steel into public ownership. China-based Jingye, the Scunthorpe plant’s former owner, said last month it was consulting on up to 2,700 job losses after it rejected a £500m subsidy from [...]
Santander to spin off motor finance division from UK business

April 22, 2025

Santander is poised to spin off its litigation-hit motor finance division as part of a major overhaul of its UK operations. The Spanish lender has sought permission from regulators to separate its car loan business, which is facing a near-£300m payout as part of the ongoing motor finance scandal, from the rest of its British [...]

‘Outdated’ consultancy sector faces a reckoning as AI rips up the old model

London Broncos aim for reach with teen festival

Inside the radical festival uniting the left and right

By: Ali Lyon

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