Goldman-linked EY breach highlights new era of undetectable data theft October 7, 2026 Sensitive corporate data can be stolen through everyday workplace software without setting off traditional cyber defences, Darktrace has warned, after a breach at the Big Four giant exposed information linked to Goldman Sachs and Man Group. Nathaniel Jones, senior vice president of global threat intelligence at Darktrace, told City AM attackers were increasingly able to [...]
Lime pumps £1m into parking to tackle London e-bike clutter October 7, 2026 Green bike conglomerate Lime is pumping nearly £1m into hundreds of new e-bike parking bays as it looks to tackle the pavement clutter that has accompanied London’s rental bike boom. The capital’s biggest shared e-bike operator has awarded £886,857 to nine boroughs, including Greenwich, Lambeth and Hackney, to create or expand 586 parking bays this [...]
Musk turns to rival Anthropic to power Grok October 7, 2026 Elon Musk has opted to buy competing technology as he is set to use rival Anthropic’s AI models to power parts of Grok, despite spending heavily to build his own AI challenger. Musk said on Wednesday that the Grok bot would use the “best back-end model for any given task”, including Anthropic’s latest Claude Opus [...]
HSBC set to axe UK wealth jobs as AI takes hold October 7, 2026 HSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]
UK AI health rules could give firms ‘competitive edge’ as ministers back overhaul October 6, 2026 Experts have said Britain’s new approach to regulating AI in healthcare could give UK tech firms a “competitive edge” by letting them prove their technology in the NHS earlier. The UK government on Tuesday accepted all 44 recommendations of the National Commission into the Regulation of AI in Healthcare, paving the way for a shake-up [...]
Informa snaps up Clarion Events in £2.2bn deal with Blackstone October 6, 2026 Digital services giant Informa has snapped up the world’s largest privately owned event and exhibition organiser in a multi-billion pound deal with private equity firm Blackstone. The FTSE 100 group revealed on Tuesday it had acquired London-headquartered Clarion Events for £2.2bn from Blackstone. The deal brings over 100 business-to-business live event brands under the Informa [...]
UK firms axe PR and consulting spend as AI tools muscle in October 6, 2026 British businesses are shelving spending on public relations and consultancy firms as they embrace the capabilities of PR tools, according to City AM’s latest Business Spend Pulse. The share of UK firms who spent money on management consultants and PR services fell sharply in September to just 4.2 per cent, despite an overall 3.1 per [...]
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 [...]