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

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Local authorities thwart housebuilding with ‘manifestly unfair’ council tax raid on developers

May 28, 2026

Cash-strapped local authorities across Britain are thwarting efforts to increase housebuilding by hitting property developers with steep council tax bills as soon as their homes are listed as complete, an influential industry body has warned. In a paper shared with CityAM, the boss of the Home Builders Federation (HBF) accused local councils of slapping [...]
BP chair Manifold hits back at ‘false’ misconduct claims

May 27, 2026

BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]
Anglo Asian to keep Aim listing ‘under review’ in push to treble copper output

May 27, 2026

An Azerbaijani miner has said it was keeping its listing on Aim under regular review as it seeks to evolve into a mid-market commodities group that is on course to more than treble its copper output over the coming year. Anglo Asian vice president Stephen Westhead told CityAM that while the company was “currently [...]
BP chair ousted over ‘volcanic’ behaviour after less than a year

May 26, 2026

The chair of BP has been fired after less than a year, after “serious concerns” about his conduct were lodged with the energy major’s board. Albert Manifold was stripped of his roles as chair and director of the London-listed petrochemicals giant having only taken the reins last July, with director Amanda Blanc saying the board [...]
Mia Drennan: I was selling Macks in Debenhams – now I run a unicorn

May 26, 2026

It took Mia Drennan 400 meetings to get her loan agency off the ground. Over 15 years later, she speaks to Ali Lyon about the recent investment that took the firm to fabled unicorn status, and what lies next. It is half-past-five on a balmy Thursday evening and in a cavernous central London office, a [...]
Losses balloon at Easyjet despite seeing ‘no disruption’ to jet fuel supplies

May 21, 2026

Easyjet has played down fears that a jet fuel crisis caused by the Middle East will rip through its low-cost model, saying it has kept price rises to a minimum despite losses at the carrier ballooning to more than half a billion pounds. The London-listed carrier told investors it was “not seeing any disruption” to [...]
New HS2 budget to blow £33bn hole in public finances

May 21, 2026

The government will need to find as much as £33bn in additional cash from tax and spending measures or from other departments to fund its revamped plans to deliver HS2. According to a CityAM analysis, the Department for Transport’s updated proposals for the rail line require between £18bn and £33bn of additional public money [...]
Top Bank of England officials warn Reeves against supermarket price cap

May 20, 2026

Senior Bank of England officials have warned that price controls on essential goods are not an effective long-term tool to lower the cost of living, after it emerged the Treasury was pushing supermarkets to commit to cap prices of consumer staples. Speaking at a Treasury Committee appearance, governor Andrew Bailey told MPs that controlling the [...]
Housebuilders on hook for mansion tax if they fail to sell property after a year

May 20, 2026

Property developers will be forced to pay the Labour’s new mansion tax if they take more than a year to offload newly built luxury homes, raising fresh fears that housebuilders will be further disincentivised from building homes in the capital. As part of plans included in a Treasury consultation document, housing developers will be liable [...]
Bank of England’s Breeden: Digital gilt will bring down borrowing costs

May 20, 2026

The Bank of England’s plans to help launch a digital gilt will make Britain’s sovereign debt more appealing to a wider pool of investors and help bring down government borrowing costs, its deputy governor has said. Speaking to CityAM at the City Week conference, Sarah Breeden hailed the central bank’s efforts to help the [...]

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

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