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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Labour’s non-dom tax raid forces Castle-owning fintech founder out of the UK

February 14, 2025

The owner of a £6m castle in Kent would have set up a credit fintech employing dozens of UK workers had the reforms to the non-dom status made by “Reckless Reeves” not meant she could “no longer stay in the UK”. Reality television star Ann Kaplan Mulholland has claimed non-dom status with her cosmetic surgeon [...]
Elliott takes up £3.8bn stake in BP

February 13, 2025

Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the London-listed petrochemical giant emerged last weekend, shortly before BP reported an anaemic set of full-year results that saw its profit slump to $8.9bn (£7.9bn). The earnings [...]
City chief to warn UK has become ‘allergic to risk’

February 12, 2025

The UK has become “allergic to risk”, the antidote to which “can’t come soon enough”, the City of London’s policy chair will warn in a speech today. Speaking at an annual jamboree on City policy, Chris Hayward will call for a cultural overhaul of how politicians and regulators perceive risk, and propose a slew of [...]
Musk brands Altman a ‘swindler’ after OpenAI rejects $100bn bid

February 11, 2025

Elon Musk has branded Sam Altman a “swindler”, after the OpenAI boss rejected the Tesla founder’s $97.4bn offer to buy the artificial intelligence start-up he co-founded. Musk took much of the artificial intelligence world off guard when he led a consortium to table a speculative $97.4bn (£78.5bn) bid for OpenAI, one of the world’s most [...]
UK and US refuse to sign AI summit agreement

February 11, 2025

The UK and the US have not signed an agreement coming out of this week’s AI Action Summit that pledges an open, inclusive and ethical approach to developing the groundbreaking technology. China, France, India and Canada are among the key countries to have signed an official communique released today at the culmination of the international [...]
Labour’s workers’ rights overhaul has small business owners scared

February 11, 2025

As the government’s long-awaited overhaul to workers rights’ returns to the Commons, small business owners are worried not enough has been done enough to accommodate their concerns, writes Ali Lyon. For a company that promises to unleash clients’ growth by helping them overcome knotty engineering issues, Bass Rock consultancy has adopted a staid approach to [...]
Government pursuing ‘confused’ approach to energy transition

February 6, 2025

The UK’s “confused” energy strategy is more about slogans than results and risks hollowing out the local economy in Aberdeen, the boss of one of the UK’s largest energy services firms has said. John Heiton, who has run the offshore specialist OEG for over 16 years, told City AM the government is adopting a jumbled [...]
Central banks and investors drive record demand for gold

February 5, 2025

Demand for gold reached record highs in 2024 fuelled by “eye-watering” interest from central banks and global investors, a fresh report has said. Total demand reached 4,974 tonnes, and the value of global demand shot up to $382bn, over a year which saw the gold price surge by 26 per cent. Central banks hoovered up [...]
WFH: A third of workers would look for a new job if forced into the office full time

February 4, 2025

Nearly a third of adults say they would look for a new job if their boss banned working from home (WFH) and made them come into the office full time, fresh research has found. According to an exclusive poll for City AM, 58 per cent of employed respondents said that if they were faced with [...]
Sky News has set off on a premium-first direction. Will it work?

February 3, 2025

As a phalanx of well-tailored media executives sipped on lukewarm white wine and flicked slivers of smoked salmon onto their plates, David Rhodes set out his philosophy for running one of the largest news organisations in the world. “You have to believe that the basic journalistic activity that you’re doing has value,” the Sky News [...]

Iran closes Strait of Hormuz after accusing the US of violating ceasefire deal

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

The watch podcast disrupting the ‘pale, male and stale’ image

By: Ali Lyon

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