City law firm Shoosmiths invests extra £1m in firm’s bonus pot June 8, 2026 City law firm Shoosmiths has doubled down on its commitment to AI after setting aside a second £1m for its bonus pot to help staff become AI-fluent through its new internal accreditation programme, City AM can reveal. Last year, the firm exclusively told City AM that it set a “clear and ambitious annual target” of one million [...]
Nvidia chief brushes off tech sell-off as a buying opportunity June 8, 2026 Nvidia chief executive Jensen Huang brushed off a significant market wobble stoked by growing concerns surrounding AI, hailing the widespread sell-off as a buying opportunity for investors in a technology which is just “beginning”. Huang’s intervention came as Asian markets tumbled during Monday trading, following the Nasdaq’s 4.2 per cent plunge on Friday – its [...]
As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets June 8, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100 edged into the green on Monday lunchtime and US futures pointed to gains, as the markets looked to claw back early jitters caused by fresh Middle East strikes and a tech stock sell-off. An exchange of fire from Iran and Israel left [...]
Deputy PM to unveil AI labs to drag legal sector out of ‘analogue’ age June 8, 2026 The UK government is launching a new AI growth project aimed squarely at dragging the UK’s billion-pound legal sector out of its “analogue” age. Ahead of London Tech Week, City AM can reveal that Deputy Prime Minister David Lammy will unveil ‘AI growth labs’, a regulatory safe space designed to cut through bureaucratic red tape [...]
National Lottery operator sees ‘inflection point’ despite drop in revenue June 4, 2026 The operator of the National Lottery has revealed lower UK sales and earnings for the start of the year but said it saw an “inflection point” on the horizon its British arm. Allwyn, the European gaming operator who took over the UK National lottery in 2024, booked revenue growth of around a fifth in the [...]
Kirkland & Ellis partners with Palantir for AI-driven private equity work June 4, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, has agreed to partner with tech giant Palantir to create an AI tool to use in advising private equity firms. The US-based firm, which has a large City office, said the multi-year partnership will deploy technology to share the expertise of its leading partners with [...]
As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace June 4, 2026 Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to [...]
Google hit with UK-first AI crackdown over publisher content June 3, 2026 Google will be forced to give publishers greater control over how their content is used in AI-generated search results after the Competition and Markets Authority (CMA) unveiled what it described as a “world-first” intervention aimed at re-balancing power between Big Tech and content creators. The move comes as publishers increasingly complain that Google’s AI Overviews [...]
Lloyds Bank and Halifax customers hit with app outage June 3, 2026 Lloyds Banking Group has been rocked with another outage as thousands of customers report issues with their online services. The financial services giant was flagged with a spike on the online outage tracker Downdetector at around 11:15am on Wednesday as users reported issues. Across the group – which includes Lloyds, Halifax and Bank of Scotland [...]
Music bosses pass Tory blame to Labour over ticket tout row June 2, 2026 When Labour announced plans last November to cap ticket resale prices, many in the live music industry thought a campaign that had dragged on for nearly two decades was finally approaching a conclusion, writes Saskia Koopman. The government pledged to make it illegal to resell tickets above face value, cap fees charged by resale platforms [...]