By: Ali Lyon

Chief reporter Ali Lyon is the chief reporter at CityAM, responsible for covering the full gamut of business, finance and wealth news. He has been at CityAM full-time since July 2024. Get in touch with tips via email: [email protected]. Follow Ali on X: @alilyon_94

Connect on socials

All 961 Articles

City chiefs issue rallying cry to counter ‘disinformation’ about London’s decline

London

A group of influential City chiefs have thrown their weight behind an industry-wide campaign to tackle “disinformation about London” and promote the capital as an innovative hub for global investment. All four of the financial sector’s largest industry bodies have signed up to Team UK, a new initiative spearheaded by the Lady Mayor of London, [...]
Borrowing costs fall as interest rate hike fears ease

Economics

Government borrowing costs fell sharply on Tuesday, after a dovish speech from Bank of England governor and revived hopes of a Middle East peace deal led traders to pare back bets on central bank interest rate hikes. Gilts rebounded across the curve, outperforming their European peers. The UK’s two-year and 10-year government bonds fell as [...]
Iran ‘pulls out of talks with US’ and threatens to strike Israel

Politics

Iran has withdrawn from peace talks with the United States and threatened to launch an attack on Israel after the Netanyahu administration announced plans for an air strike on neighbouring Lebanon. According to a state-affiliated news agency, Tehran has vowed to hit back at northern Israel if Lebanon is hit by Israeli strikes and end [...]

M&S chief’s pay slashed by £3m after cyberattack turmoil

June 1, 2026

The boss of Marks & Spencer has seen his pay slashed by more than 40 per cent after a crippling cyberattack forced the supermarket to scrap its bonus policy across the business. Stuart Machin received £3.97m in the 12 months to April, according to the company’s annual report, down sharply from the £7m he was [...]
House prices will fall by two per cent this year – the most since the financial crisis

June 1, 2026

House prices will fall by two per cent for the first time since the financial crisis this year, according to Savills, which warned mortgage hikes as a result of the Iran war had “fundamentally changed the outlook for the housing market”. The property giant was forced to revise down its property price forecast for 2026 [...]
Burberry delays climate pledge by a decade to 2050

May 29, 2026

Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, CityAM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become [...]
Bank of England’s Bailey: Interest rates hike may not be needed

May 29, 2026

The Bank of England may not raise interest rates in response to the Iran war and has already effectively tightened monetary policy by taking the prospect of future rate cuts off the table, governor Andrew Bailey has said. In a speech in Iceland, the central banking chief said that inflation is “likely to go higher” [...]
£450m City block approved after developers lop three storeys of plan

May 29, 2026

Revised plans for a new £450m tower in the City have been rubber-stamped by the Square Mile’s planning committee after developers chose to lop three stories off the building’s design in response to fierce local criticism. Canada Corporation greenlit an adjusted proposal for the 1 Silk Street mega-scheme on Thursday, saying it [...]
‘Lies’ – Chaos at BP as sacked chair defends himself against ‘anonymous’ attacks

May 28, 2026

Albert Manifold has dialled up his attack on his former employer BP, accusing the energy giant of lacking direction before he took the reins and denying the “lies” that have been told about him since his abrupt firing. In his second statement in as many days, BP’s ousted chair launched a staunch defence of his [...]
Three UK cities make world’s 10 ‘smartest’ tech hubs – and Oxford is higher than Silicon Valley

May 28, 2026

London, Oxford and Cambridge are among the 10 most vibrant tech centres in the world, according to a closely watched study which found that Singapore had leapfrogged both Zurich and London to clinch top spot. The two university towns both climbed up the rankings of Z/Yen’s Smart Centres Index, making Britain the only country to [...]

Starmer agrees investment deal with Japan as EU deal questioned

Adidas, Burberry and so much Beckham: The six best 2026 World Cup ad campaigns

The best places to eat sandwiches in Lisbon, from bifanas to pregos

By: Ali Lyon

All 961 Articles