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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Paralympics GB names flagbearers for opening ceremony

August 27, 2024

Wheelchair basketball player Terry Bywater and wheelchair tennis player Lucy Shuker have been selected as Paralympics GB’s flagbearers at the Paralympic Games opening ceremony. The athletes, who are competing at their fifth and seventh Games respectively, will be responsible for carrying the Union Jack at the event to mark the Games’ opening, taking place at [...]
US Open: Five things to look out for at the last Grand Slam of 2024

August 25, 2024

The US Open kicks off on Monday. The final Grand Slam in the calendar year will see Carlos Alcaraz going for his third major title of 2024 and Coco Gauff vowing to retain the Women’s trophy she picked up last year. Here are the main talking points for the tournament before proceedings at Flushing Meadows [...]
Women’s British Open prize money: How much will players win at St Andrew’s?

August 23, 2024

The prize money pot at this year’s Women’s British Open hit another record this year, with both the overall fund for players and the winner’s total hitting new highs. Golfers’ competing at a windy St Andrew’s this weekend will win a share of $9.5m (£7.2m), an increase of $500,000 (£381,137) on last year’s spoils. The [...]
Thames Water: Ofwat hunt for independent ‘monitor’ already under way

August 23, 2024

Ofwat’s search for an independent ‘monitor’ who will report on Thames Water’s progress and have access to company information is already under way, City A.M understands. The new appointment is part of a string of new measures that Thames has signed up to in order to avoid a hefty fine for breaching its licence conditions, [...]
Public sector spending on consultants hits record high despite efforts to cut

August 23, 2024

Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
Labour’s North Sea windfall tax plans branded a ‘blunt response’ that will hammer businesses across the UK

August 22, 2024

The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of thousands of jobs not just in the energy sector, several of the industry’s leading figures have warned. In an open letter to the Treasury, over 40 companies with operations in the North Sea voiced their “grave concern” [...]
England Women to play first Test at Lord’s as 2025 schedule revealed

August 22, 2024

England Women will play their first ever Test match at Lord’s Cricket Ground as part of a string of new fixtures announced for both the men’s and women’s sides for the 2025 cricket season. The side will face India in a one-off test match at the home of cricket in the summer of 2026, exactly [...]
Eckoh: Payments software firm discloses bid from private equity firm

August 22, 2024

Payments software firm Eckoh is set to become the latest firm to leave the Aim market, after it announced it had received an offer from an unnamed private equity firm. The offer, which valued Eckoh at 54 p per share and was “highly conditional” and “non-binding”, follows a lengthy hunt for a suitor from the [...]
Ithaca Energy: Profit tumbles at North Sea oil and gas firm as windfall tax bites

August 22, 2024

North sea oil and gas firm Ithaca Energy saw its revenue and profit tumble after being hit by impairment charges, lower production and a dip in the oil and gas prices. The FTSE 250 constituent, which in the Spring announced plans to buy all of Italian competitor Eni’s North Sea assets for £754m, lowered its [...]
Rents rise at slowest rate in nearly three years – but average hits £1,200

August 21, 2024

A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]

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By: Ali Lyon

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