Government intervenes as BT inks deal to rescue embattled Talktalk October 5, 2026 Broadband giant BT has agreed to snap up embattled telecommunications firm Talktalk in a move that has prompted the government to weigh in. The FTSE 100 group said on Monday it had acquired Talktalk and its wholesale arm PlatformX Communications (PXC) out of administration on a debt-free basis. The deal, for an undisclosed sum, is [...]
Meet the winners of the Santander X UK Awards 2026 October 1, 2026 Santander’s flagship entrepreneurship competition, the Santander X UK Awards, gives university ventures, startups and SMEs the chance to pitch for a share of £150,000 in equity-free funding. Some 90 businesses were shortlisted across three categories this year, before being narrowed down to nine finalists. The judging panel included Baroness Nicky Morgan, Google’s Adam Khalifa and [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
Deloitte’s tech consulting division weighs on growth September 24, 2026 Deloitte reported a rise in revenue in its latest financial year even as growth in its technology and transformation division slipped lower, as the consultancy sector comes under pressure from artificial intelligence. The Big Four firm reported global revenue of $74.5bn (£56.37bn) for the 12 months to the end of May, up from $70.5bn the [...]
Beazley expands cyber cover for AI malfunctions and regulatory risks September 24, 2026 FTSE 100 insurance giant Beazley has launched a new cyber line for businesses that insures against unintentional regulatory non-compliance and financial and reputational losses as a result of AI system malfunctions. Speaking to City AM, the speciality insurer’s head of cyber risks, Alessandro Lezzi, said the move comes as the firm sees “AI changing the threat [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks September 24, 2026 The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
Hugging Face hack spells ’emergency for the City of London’, warns top lawyer September 24, 2026 Everything companies have done to prepare for a cyber attack is now “completely old world” following the OpenAI–Hugging Face hack over the summer, a top City lawyer has warned. The “unpredecented” July hack, in which OpenAI’s model escaped a controlled test by itself and broke into the AI platform Hugging Face, prompted a probe from [...]
UK to champion global AI rulebook during G20 presidency September 23, 2026 Andy Burnham has said governments, not tech companies, must make the biggest decisions about AI, as he pledged to put AI regulation at the heart of Britain’s G20 presidency. The Prime Minister used his first address to the United Nations General Assembly to call for a single set of global standards governing frontier AI, including [...]
Tech the only bright spot as job security fears climb to highest level since 2023 September 21, 2026 Job security for British workers has fallen to a three-and-a-half year low across all sectors other than IT and telecoms, according to new data from S&P Global’s UK consumer index. The findings, based on a panel of 1,500 UK households, show the level of job insecurity was at its highest since February 2023 as consumers continue to [...]
As it happened: US stocks make gains ahead of Trump-Xi summit September 21, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index made gains on Monday morning, turning a corner from heavy losses on Friday. Miners and industrial stocks like Anglo American, Antofagasta and Metlen Energy and Metals were among the FTSE 100’s biggest risers on Monday morning. BP and Shell dragged on the index, [...]