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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Rocco Forte: Middle East tourism ‘could increase’ after ceasefire

March 24, 2026

Tourism volumes to the Middle East could increase after a ceasefire in the region if the US and Israel topple the Iranian regime, Sir Rocco Forte has said as he doubled down on investment plans in the region despite an exodus of visitors. The billionaire hotel magnate, whose eponymous Rocco Forte Hotels is part-owned by [...]
UK must ‘urgently’ reopen North Sea drilling amid global volatility

March 24, 2026

Households and businesses will be left even more exposed to geopolitical shocks like the one playing out in the Middle East unless the government “urgently” reopens the UK’s North Sea oil fields to new drilling projects, an industry body has warned. In its annual temperature check of Britain’s energy industry, Offshore Energies UK (OEUK) called [...]
Government borrowing costs set for worst month since Liz Truss

March 23, 2026

The government’s short-term borrowing costs were on course to have their worst month since Liz Truss’s ignominious mini-Budget, until the news of United States’ talks with Iran led traders to unwind bets future interest rate hikes. The two-year gilt yield jumped by eight basis points on Monday morning, meaning the interest rate on the government’s [...]
Bank of England’s Bailey: Interest rate cuts not on the horizon

March 19, 2026

The Bank of England’s Andrew Bailey has ruled out the prospect of any interest rate cuts in the near future, warning that the sustained conflict in the Middle East constitutes a major shock to energy supply that could leave long-term scars on the British economy. In an interview with LBC set to air on Thursday [...]
Bank of England rebuffs calls to speed up ‘shadow banking’ stress test

March 19, 2026

The Bank of England has rejected calls to speed up its inaugural stress test of the private credit industry, despite growing fears that a downturn in so-called shadow banking may pose a systemic threat to the global financial system. In a letter to the House of Lords’ Financial Services and Regulation Committee seen by City [...]
Borrowing costs surge as market bets on future Bank of England rate hikes

March 19, 2026

The government’s short-term borrowing costs climbed to their highest level in more than a year on Wednesday, after the Bank of England announced a unanimous decision to hold its central interest rate. Traders aggressively pared back bets of future rate cuts on the news that the ongoing conflict in the Middle East led all nine [...]
Gousto founder: Rise of weight-loss jabs ‘a depressing state of affairs’

March 19, 2026

Gousto founder Timo Boldt is on a mission to make the UK’s food system healthier. But in a world of weight-loss jabs – and after a succession of failed government initiatives – Ali Lyon asks whether he is fighting a losing battle. What goes into the most moreish hamburger on earth? Ask the owners of [...]
Energy bills bailout speculation sparks bond sell-off fears

March 17, 2026

An unfunded government intervention to subsidise household energy bills would trigger a gilt market rout likely to push the UK’s long-term borrowing costs to the highest they have been since 1997, bond investors and economists have warned. David Zahn, head of European fixed income at Franklin Templeton, told City AM that the prospect of ministers [...]
Business groups warn against axing ‘fundamental’ red tape watchdog

March 16, 2026

Some of Britain’s largest business groups have urged the business secretary not to scrap a body responsible for scrutinising business regulation, saying it plays a “fundamental” role evaluating the impact of red tape on British firms. The intervention comes as the Department for Business confirmed to City AM that ministers are “considering the role” of [...]
‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan

March 16, 2026

The chair of one of Britain’s oldest investment trusts has urged its shareholders to back its proposed exit plan, saying the board had “exhausted all other options” in its bid to prevent a US activist investor from seizing control of the trust. Jonathan Simpson-Dent told investors that Edinburgh Worldwide Investment Trust (Ewit) remained under “persistent [...]

Starmer to face vote over Peter Mandelson sleaze inquiry

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Why the Norwegian Arctic is the best place to see the Northern Lights

By: Ali Lyon

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