Finance bosses back AI despite job loss concerns September 2, 2025 The financial services industry is set to drive more investment into AI as the industry’s senior leaders turn bullish on the tech. More than half of UK institutions expect to up their AI investment in the next 12 months while one in five said they would maintain current levels, data shared with City AM revealed. [...]
Spotify creating new UK jobs after redundancies September 1, 2025 The UK arm of Spotify is creating new UK jobs this year after shedding more than 200 jobs in 2024 as its profit continued to rise despite a fall in revenue, it has been revealed. The division of the Swedish audio streaming giant cut its workforce from 1,039 employees during its latest financial year, according [...]
Cazoo owner makes first profit since 2019 September 1, 2025 The owner of Cazoo has made its first pre-tax profit since 2019 after recusing the collapsed brand last year, it has been confirmed. Motors.co.uk has posted a pre-tax profit of £621,000 for 2024, up from the loss of £9.3m it made in the prior 12 months. It is the first time the business has posted [...]
Big Brother: Can your employer monitor your whereabouts? September 1, 2025 As businesses grapple with the current economic challenges, the support measures previously offered to employees during the pandemic are being tightened. However, as companies adopt more stringent monitoring practices, the question arises: where is the line drawn between necessary oversight and the invasion of employee privacy? Headlines have been lighting up over the last year [...]
What the FCA scam surge tells us about fraud in 2025 August 29, 2025 When fraudulent actors start posing as the Financial Conduct Authority (FCA) itself, you know the scam problem has entered a new phase. The UK’s chief financial regulator confirmed this week that it has already received nearly 5,000 reports of impersonation scams in the first half of 2025, with almost 500 victims tricked into handing over [...]
Government under fire as data breach review finally goes public August 29, 2025 The government has released a long-delayed review of its own data handling practices, following pressure from MPs, which raises questions about the ability of Whitehall to safeguard sensitive information. This review comes at a time when digital transformation is intended to reshape public services. The Information Security Review, carried out in 2023 but withheld from [...]
Alibaba unveils new AI chip as Nvidia’s China headache deepens August 29, 2025 China’s tech giants are racing to plug the gap left by Washington’s export bans, with Alibaba rolling out a new AI processor designed to replace Nvidia’s restricted H20 chip. The e-commerce titan, now also the country’s largest cloud-computing group, said the chip is more versatile than its predecessors and is aimed squarely at domestic AI [...]
Law firm launches internal probe after Church of England victim data leak August 29, 2025 City law firm Kennedys Law has launched an internal investigation after the personal details of Church of England abuse victims were leaked. The Church has been battling its failures as it was accused of covering up decades of child abuse committed by prolific child abuser John Smyth. The Makin Review, published last November, found Smyth [...]
Tribunal filing shows UK pushed for wider back-door access to Apple data August 29, 2025 A new court document reveals that the UK government sought broader “back-door” access to Apple’s private customer data amid ongoing controversy over the impact of the UK’s Investigatory Powers Act. According to the Financial Times, a new legal document has been filed with the Investigatory Powers Tribunal (IPT), an independent court that reviews complaints against [...]
One time passcodes fuel rise in digital wallet fraud August 28, 2025 Warnings have emerged over the security of digital wallets, following a report by consumer group Which? found widespread use of easily compromised one-time passcodes (OTPs) by some banks, leaving customers increasingly open to fraud. The investigation, which surveyed fifteen high-street and digital banks, found that the majority are still relying on SMS OTPs to verify [...]