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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Neo Energy slows down £900m North Sea project due to windfall tax

September 2, 2024

One of the North Sea’s largest oil and gas project has been plunged into uncertainty after its operator announced it was slowing down investment in light of “fiscal and regulatory uncertainty”. Neo Energy had planned to start work on the £900m Buchan project – expected to produce a peak of 35,000 barrels of oil a [...]
Venture capital firm launches UK’s only fund for British pensions

September 2, 2024

A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Workers’ rights: New agency to issue businesses with large fines

September 2, 2024

Businesses face paying large fines from a newly formed agency if they are found to have breached Labour’s proposed workers’ rights laws. As Parliament returns this week, ministers are reportedly weighing up the practicalities of the far-reaching package that includes controversial reforms like a ban on “exploitative” zero hours contracts, granting day-one rights after probation, [...]
Oil and gas windfall tax increase may cost economy £13bn, trade body warns

September 2, 2024

The government's changes to the windfall tax will have a £13bn hit to the economy, the sector's industry body has claimed.
Water firms’ industry body: Dividend payouts haven’t affected infrastructure investment

September 1, 2024

Water companies would be in a similar state today even if they hadn't paid out millions in dividends, the boss of their industry body claimed.
Ashtead: Equipment firm looks to manage expectations ahead of results

September 1, 2024

Expectations have been kept low for equipment hire specialist Ashtead Group as it reports its first quarterly results of the firm’s fiscal year on Tuesday. The FTSE 100-listed firm has seen its shares slump 12 per cent from the two-and-a-half-year highs it reached in the spring. It had been one of the big beneficiaries of [...]
Direct Line to report interim results in indication of turnaround plan

September 1, 2024

Direct Line shareholders will get an early sign of whether the insurer’s turnaround plan is beginning to bear fruit as it posts its interim results on Wednesday. Shares in the insurer, which owns Churchill, Privilege and the breakdown recovery provider Green Flag, are down 12 per cent since May and its long-term record makes for [...]
John Lewis has ‘no plans’ to cut more jobs

September 1, 2024

John Lewis has branded claims it is planning to cut more jobs and restructure its management team as "wholly inaccurate".
Which tennis Grand Slam makes the most money?

August 31, 2024

As the US Open enters its decisive week, a look at how Grand Slams generate revenue – and which one makes the most money. Like many tennis Grand Slams, this year’s US Open will be box office in more ways than one. On the court, the last Grand Slam of the year has already thrown [...]
Football regulator advertises Head of Legal role that pays ‘less than most newly qualified lawyers’

August 30, 2024

The independent football regulator’s top lawyer will be paid the same as peers just starting out on their legal careers, prompting industry figures to fear the body could be “toothless”. The Department for Culture, Media and Sport (DCMS) posted an advert for the Head of Legal role earlier this week that will pay the successful [...]

Citrini Research report rattles markets as AI fears deepen tech sell-off

Ukraine invasion anniversary prompts fresh Russia Paralympics ban calls

The under-the-radar Alps spot perfect for a family ski holiday

By: Ali Lyon

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