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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Grenfell-linked firms awarded £350m in public sector contracts since fire

September 17, 2024

Companies linked to the Grenfell fire have been awarded over £350m in public sector contracts since the building tragically caught fire seven years ago, a new analysis of public sector contracts has revealed. Figures shared with City A.M. showed that Saint-Gobain, Rydon and Kingspan – which all had connections to the fire – have between [...]
BP puts US onshore wind power business up for sale

September 16, 2024

BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]
TI Fluid Systems rebuffs bid from Apollo-backed ABC Technologies

September 16, 2024

British car part supplier TI Fluid Systems has rejected two offers from rival Canadian firm ABC Technologies, concluding they “significantly undervalued” the London-listed firm. The FTSE 250 constituent, which specialises in fluid handling and operates nearly 100 manufacturing countries in 27 countries, confirmed in a statement that it had received a second “unsolicited, highly preliminary” [...]
Wilmington: Profit and revenue soar at data provider

September 16, 2024

Data provider Wilmington has hailed “another strong year” after it posted double-digit profit growth and revenue. The London-listed firm, which in the summer offloaded its UK healthcare unity for £26.3m, saw its profit before tax soar 42 per cent to £24.1m in the year ended 30 June. Its profit margin rose a quarter to 26.8 [...]
Hawksmoor’s Will Beckett is ready to take on the American steakhouses

September 10, 2024

Ali Lyon sits down with Hawksmoor boss Will Beckett to discuss the restaurant's plans to win over the land of steakhouses
X-odus: Musk platform ‘distinctly not well received’ by marketers

September 5, 2024

Marketers’ trust in Elon Musk’s X as an effective platform for advertising has plummeted since 2022, with advertisers anxious about the “brand safety” that the controversial social media channel offers. Approval ratings for the social media channel have plummeted to minus 21 per cent, down from plus 15 per cent just two years ago, according [...]
Genus: Animal genetics firm begins recovery after gruelling year

September 5, 2024

Animal genetics specialist Genus has shown early signs of stabilising after a gruelling year during which its share price tumbled by 20 per cent. Shares in the London-listed firm nose-dived in 18 per cent in a week in February after it reported collapses in the pork price and its bovine volumes in China, one of [...]
Jet2 welcomes ‘booking momentum’ as it doubles down on package holidays

September 5, 2024

Budget airline and leisure group Jet2 has welcomed a late bout of” booking momentum” in July and August, and doubled down on its strategy to ramp up its package holiday offering. The Aim-listed carrier, which in July hiked its dividend after reporting record passenger numbers, said it had maintained its momentum throughout late summer in [...]
Enquest ‘disappointed’ with windfall tax plans as revenue dips

September 5, 2024

North Sea energy firm Enquest has said it was “disappointed” with the ongoing application of the Energy Profit Energy as it reported falls in production and revenue. Enquest, which is one of the largest operators in the North Sea and is currently drilling the single largest oil field in the area, reported a 19.8 per [...]
Are the super-rich running out of road?

September 4, 2024

As more western governments look at ways to increase taxes for the ultra-rich, Ali Lyon asks whether it will work

FTSE 100 Live: Stocks to edge up as Trump draws ceasefire doubt

Panmure Liberum: Netherlands will win first Fifa World Cup

The very best wine pairings for steak and fine cuts of meat

By: Ali Lyon

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