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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The ultra rich exodus has made an exit tax tempting. Would it work?

September 25, 2024

Millionaires are leaving the UK in record numbers, prompting the Resolution Foundation, an influential left-wing think tank, to propose an exit tax.
Reeves to strike positive tone in Party Conference speech

September 23, 2024

Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Braemar: Shipbroker meets expectations despite choppy geopolitical backdrop

September 19, 2024

Shipbroker Braemar has traded in line with expectations and “remains confident” of the outlook for the rest of the financial year, it said in an update to investors. The London-listed firm, one of the largest shipbrokers in the UK, said it had “continued to trade well” in since the start of April, when its reporting [...]
S4 Capital: Revenue down and debt up at Sir Martin Sorrell’s ad giant

September 19, 2024

Sir Martin Sorrell’s S4 Capital’s post-pandemic struggles have carried through into its latest results, which revealed a sharp decline in revenue and ballooning debt. The London-listed media holding group, which ad guru Sorrell founded after a sudden exit from WPP in 2018, saw its net revenue reduce by 15.6 per cent from £445.5m to £375.1m [...]
Team17: Video game maker posts record revenue after rocky 2023

September 17, 2024

Video game developer Team17 posted double-digit growth to help it to record revenue in the first half of the year despite a “challenging” new release market. Revenue at the Aim-listed firm, which makes games like Hell Let Loose and Trepang, grew to an all time high of £80.6m in the six months ended June 30, [...]
Goldman-backed Petershill announces bumper dividend after pick-up in dealmaking

September 17, 2024

Petershill Partners has announced a special dividend of 9 cents (7p) per share after a flurry of deals and a successful asset raising round helped the private equity firm return to growth. The Goldman Sachs-backed firm, which floated on the London Stock Exchange three years ago, generated a total income of $146m (£111m) in the [...]
JTC: Profit soars after spate of acquisitions

September 17, 2024

Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of acquisitions. The acquisitive fund management firm, which is a FTSE 250 constituent, reported revenue of £147.1m in the six months to 30 June, a 21.1 per cent rise on the year prior. Earnings before [...]
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” [...]

‘We cannot regulate cyber threats away,’ top lawyer warns

Championship play-off final: Hull or Middlesbrough stand to gain £200m

This shocking West End play is like Netflix’s Adolescence but live

By: Ali Lyon

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