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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Glencore: FTSE 100 mining giant opts against coal spin-off after investor feedback

August 7, 2024

Glencore no longer plans to demerge its coal business after an “overwhelming majority” of shareholders told the mining giant to retain the division. The FTSE 100 constituent had planned to spin off its coal business after it completed the $7bn (£5.51bn) acquisition of Teck Resources’ steelmaking coal business in November last year. However, on Wednesday, [...]
Blackstone chief Steve Schwarzman’s NIMBY problem: Newts in My Backyard

August 7, 2024

In his day job as Blackstone’s chief executive, Stephen Schwarzman is used to dealing with slimy adversaries conspiring to prevent him from getting his way. But now the private equity boss is facing a similar problem in a more personal capacity, after the potential presence of an endangered species of newt has prevented him from [...]
Thames Water handed more special measures from Ofwat after credit rating downgrade

August 7, 2024

Thames Water will be made to appoint an independent monitor and develop a “suitable” turnaround plan as part of a raft of new measures from the regulator after the its credit rating was downgraded. Ofwat said that the recent decisions from Moody’s and S&P – two of the world’s largest credit ratings agencies – to [...]
IHG: Revenue up at Holiday Inn owner despite China slowdown

August 6, 2024

Intercontinental Hotels Group (IHG), which owns the likes of the Holiday Inn chain, saw its revenue rise during the first half of 2024 thanks to a strong performance in Europe, the Middle East and Africa.
Fuller’s snaps up pint-sized Warwickshire pub chain Lovely Pubs

August 6, 2024

Fuller’s has snapped up a chain of seven pubs in Warwickshire in a deal worth £22.5m. Fuller’s said it had bought the Lovely Pubs group, which has a seven-strong portfolio of six freehold sites and one pub with a 16-bedroom inn. The firm said the deal would expand its presence in the Midlands as it [...]
Keller: Engineer and HS2 contractor’s shares surge on record profit thanks to ‘Bidenomics’

August 6, 2024

Shares in engineer Keller shot up by over nine per cent at market open on Tuesday, after firm’s profit more than doubled in the first half of the year. Profit before tax at the FTSE 250 constituent, which is the world’s largest specialist in earth and ground engineering and was one of the main contractors [...]
GSK wins latest Zantac trial as jury finds drug did not cause woman’s cancer

August 6, 2024

GSK - formerly GlaxoSmithKline - has won its latest trial over whether its most popular drug caused cancer on Monday, after a jury found it was not the root cause of an American woman's illness.
A former royal residence in Little Venice could be yours… for £26m

August 6, 2024

A former royal residence in Little Venice that was once owned by Irish-American dancer Michael Flatley has gone on the London property market for a cool £26m.
The fight for B Corp’s soul

August 6, 2024

Last month, the French media giant Havas was stripped of its B Corp certifications after signing a global media buying contract with Shell. Ali Lyon explores what the decision means for the industry
Wife of ‘McMafia banker’ agrees to forfeit golf club and Knightsbridge mansion

August 5, 2024

The wife of convicted fraudster Jahangir Hajiyev has agreed to forfeit a mansion in Knightsbridge worth approximately £14m and a a golf club in Ascot, following a lengthy investigation by the National Crime Agency.

Nvidia beats again – but Wall Street’s expectations keep rising

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

This Royal Albert Hall event is a must-book for film lovers

By: Ali Lyon

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