Why consulting giants aren’t quaking at Anthropic’s new AI venture Consulting Consulting firms have long focused on advising clients on adopting new tech, but now the biggest AI giant seems to be keen to adopt advisory skills, as the consultancy sector continues to pivot, writes Maria Ward-Brennan Last week it was revealed that Anthropic, the company behind some of the world’s most advanced AI models, plans [...]
As it happened: FTSE 100 slides as oil holds at $115; tech surges FTSE 100 Live Welcome back to the City AM FTSE 100 live blog. The FTSE 100 is sliding after a bruising session for heavyweight stocks, while tech continues to perform elsewhere. Brent crude is also trading above $115 per barrel as renewed diplomatic efforts in the Middle East raised hopes of preventing a wider escalation of the US-Iran [...]
Tech bosses warn Chancellor UK risks surrendering to foreign AI giants Tech Britain risks becoming dangerously dependent on foreign tech giants unless the government develops a comprehensive strategy for its own AI, industry leaders have warned the Chancellor ahead of his Budget on Wednesday. UKAI, which represents more than 270 AI businesses, has urged John Healey to commit substantial funding to a national sovereign AI strategy, warning [...]
As it happened: FTSE 100 up on defence boost; oil falls back as Trump weighs Iran deal October 26, 2026 Welcome back to the City AM FTSE 100 live blog. The FTSE 100 has enjoyed a major rally on the back of booming defence stocks ahead of an expected investment from the government at the forthcoming Budget. This is also coming alongside a modest relax in oil prices on new diplomatic hopes in the Middle [...]
Anthropic partners with British private equity firm to launch consultancy arm October 23, 2026 Anthropic is launching a new AI consultancy business in Europe after partnering with London-based private equity firm Hg, according to reports. The company behind some of the world’s most advanced AI models is expected to launch its consultancy firm by the end of the year, the Financial Times reported, set to be based in London [...]
As it happened: FTSE 100 slides as oil surges to five-month high October 23, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Friday morning and London’s blue-chip index is set for a flat open as pressures on markets persist. The price of a barrel of oil has surged to $114 per barrel, trading at its highest level in over five months. It follows escalating Houthi attacks on [...]
PHP cyber threat rocks internet as government and companies scramble to fend off attacks October 22, 2026 A cyber threat identified by tech researchers has left government bodies and multinationals as large as Amazon scrambling to build defences and stop hundreds of hacking attacks. The UK government announced that dozens of services had gone offline as a precautionary measure to fend off cyber threats exposed by vulnerabilities in programming languages. The Office [...]
Lawyers warned they carry the can for juniors using AI October 22, 2026 Lawyers have been warned they remain accountable for supervising AI use within their law firm, particularly when junior employees are operating the technology. The Law Society, an independent body that represents solicitors in England and Wales, issued new guidance on Wednesday setting out the appropriate use of AI in legal work, meaning lawyers cannot blame [...]
UK tech race at risk from ‘far too cautious’ government, warns watchdog October 21, 2026 Britain risks falling behind in the global tech race unless the government takes greater risks backing British startups, the chairman of Parliament’s spending watchdog has warned. In a report published on Wednesday, the Public Accounts Committee (PAC) urged UK Research and Innovation (UKRI) to take more equity stakes in companies it funds, arguing taxpayers are [...]
Amazon pledges 30,000 jobs for Neets ahead of Budget October 21, 2026 Amazon has pledged to create 30,000 entry-level roles for young people by the end of the decade, in the latest sign of firms rowing in behind the government’s effort to tackle the youth unemployment crisis. The tech and retail giant has announced its “Youth Promise” programme amid growing concerns about youth joblessness and the number [...]