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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Telegraph frontrunner has ‘high confidence’ in bid despite losing backer

November 14, 2024

The frontrunner in the race to buy The Telegraph has maintained that his bid for the paper is still on track despite one of his key backers withdrawing its financial support. Dovid Efune, the British owner of the New York Sun, had entered exclusive talks to buy The Telegraph Media Group last month after trumping [...]
Ex-BP boss says Labour is ‘ignoring’ UK’s energy needs

November 12, 2024

The new government’s decision to divest from North Sea oil and set up a state-owned renewable energy company is the “last thing” it should be doing, the former chief executive of BP has said. Bob Dudley, who ran the British petrochemical giant BP for ten years, told City AM that energy secretary Ed Miliband was [...]
Business Budget backlash builds as hospitality giants write to Chancellor

November 11, 2024

The government is under increasing pressure to revisit its hikes to employer national insurance contributions and the minimum wage after a number of the UK’s largest employers voiced concerns about the impact of the changes on their costs and operations. Over 200 of the UK’s biggest hospitality businesses signed a letter to the Chancellor yesterday [...]
Government ‘would breach fiscal rules with minor rate rise’

November 5, 2024

The Chancellor would be in breach of her own fiscal rules if interest rates remain just 30 basis points higher than the fiscal watchdog forecasts, Office for Budget Responsibility (OBR) economists have said. Giving evidence to the Treasury Committee, OBR member Tom Josephs told MPs that his colleagues conducted analysis that found “a change of [...]
Workers’ rights package is ‘overdue and welcome’, says Ella’s Kitchen founder

November 5, 2024

The government’s workers’ rights overhaul contains positive measures that will allow financially sustainable businesses to flourish, one of the UK’s leading entrepreneurs has said, calling for proper consultation with businesses on changes to the probation period. Paul Lindley OBE, the founder of the UK’s largest baby food brand Ella’s Kitchen and a pioneer of the [...]
Natwest shares hit 13-year high after broker upgrade

November 4, 2024

Natwest shares jumped to a 13-year high on Monday after a leading broker upgraded the bank’s price target. Shares in the London-listed bank, formerly known as Royal Bank of Scotland Group (RBS), jumped over three per cent on Monday to just under 390p per share. The discernible jump came after analysts at Peel Hunt upgraded [...]
Thousands join march in London against water industry

November 3, 2024

Thousands of campaigners flooded the streets of London on Sunday in protest against the poor quality and treatment of water in the UK. Coordinated by River Action and led by Chris Packham, the March for Clean Water saw at least 15,000 protesters filter through Westminster to urge Prime Minister Keir Starmer to take immediate action [...]
Calls for audit reform grow after ISG found to owe £1bn

November 3, 2024

Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]
Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors

November 1, 2024

Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
Salon chain owner breaks down over National Insurance rise

October 31, 2024

The owner of a chain of salons broke down on Sky News on Thursday when talking through how some of the measures introduced in the Budget will affect small businesses like his.

St James’s Places shares jump a firm reports record funds under management

Pro Climbing League leans into urban boom ahead of sold-out London launch

Drinks disasters: Three top tips to avoid being a wine wally

By: Ali Lyon

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