‘We cannot regulate cyber threats away,’ top lawyer warns May 21, 2026 British businesses are facing a growing compliance burden as governments race to respond to rising threats and the rapid spread of AI, but regulation alone may not solve the problem. “We cannot regulate cyber threats away”, partner and head of data and cyber at international law firm RPC Cavan Fabris told City AM. “There’s a [...]
‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks May 21, 2026 One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]
Nvidia beats again – but Wall Street’s expectations keep rising May 21, 2026 Nvidia delivered another record-breaking quarter on Wednesday night, extending its dominance at the centre of the AI boom – but investors are increasingly asking how long the explosive growth can continue. The world’s most valuable company reported first-quarter revenue of $81.6bn, up 85 per cent year-on-year and ahead of Wall Street forecasts of $78.9bn. Net [...]
Reeves food tariffs policy will ‘barely touch the sides’ on supermarket prices May 21, 2026 Food manufacturers and retailers have slammed Rachel Reeves’ cost of living measures, claiming the government’s loosening of food tariffs will do little to help supermarkets to cut prices. The Chancellor urged supermarkets to pass on savings from the stripped tariffs to shoppers “in full,” but retailers fear this measure will “barely touch the sides,” City [...]
Middle East conflict revs up costs for young drivers May 21, 2026 Costs for drivers under the age of 25 are rising despite a drop in insurance premiums, largely driven by fuel hikes from the fallout of the Middle East conflict. Fuel costs for young drivers rose by 18 per cent in 2026 compared to 2025, with the average annual bill spiking from £833 to £981, according [...]
Reeves unveils ‘Great British Summer Savings’ at cost to energy giants May 21, 2026 Chancellor Rachel Reeves has unveil edthe government’s “Great British Summer Savings” campaign, committing hundreds of millions of pounds to lower costs for families by taxing energy companies more. Under a new price adjustment set by the government, children aged five to 15 will be able to travel free on participating local bus services across England from [...]
Former deputy PM Dominic Raab moves into PR with advisory role at Kreab May 21, 2026 Dominic Raab, the former deputy prime minister, is joining the City arm of communications consultancy Kreab as a senior adviser specialising in defence and intelligence. Raab’s new role will see him advising clients on defence and security challenges, including domestic politics, public policy and international geopolitics. Kreab, a leading global strategic communications and public affairs consultancy, [...]
Investec eyes City hiring spree in major move into UK private banking May 21, 2026 Investec, the FTSE 250 financier, has unveiled plans to boost its UK private bank in a major strategic move that will include hiring new talent in the City. The expansion will boost its banking presence in London, as it seeks out wealthy clients for what will become a ‘full service primary bank”. It has identified [...]
Championship play-off final: Hull or Middlesbrough stand to gain £200m May 21, 2026 Hull City and Middlesbrough will be fighting for a £200m revenue windfall this weekend in the Championship play-off final, according to Deloitte. The Tigers and Boro head to Wembley Stadium on Saturday after a week marred by Southampton’s “Skygate” looking for a spot in next season’s Premier League. And Big Four firm Deloitte’s Sports Business [...]
Hard numbers and gut feel: Lessons learned the hard way about the investor relationship May 21, 2026 At SCALE SUMMIT on 22 April, Women Who Scale brought together a panel of female founders and investors for a frank discussion on capital, culture and the conditions needed to enable more women to build and scale. The conversation went deep on what it actually feels like to raise money as a female founder. The [...]