UK unveils cyber security war chest after M&S and Co-op attacks June 18, 2025 The UK government has launched a £16m war chest with the aim to accelerate growth in the country’s cyber security industry in the wake of high-profile attacks against the likes of M&S, the Co-op and Harrods in recent months. Unveiling the funding, the Department of Science, Innovation and Technology (DSIT) said the cyber growth action [...]
23andMe handed huge fine days after rescue June 17, 2025 Testing firm 23andMe has been fined more than £2m for failing to protect the sensitive personal and genetic data of more than 155,000 UK customers, in what regulators described as a “profoundly damaging” breach. The UK’s Information Commissioner’s Officer (ICO) has fined the company £2.31m following a joint investigation with its Canadian counterpart, the Office [...]
Musk’s X tops UK news as Grok says it’s ‘likely’ most viewed – while Meta and TikTok falter June 17, 2025 Elon Musk’s X, formerly known as Twitter, has become the UK’s most downloaded news app, marking a surprise comeback for a platform many had dismissed as fading. Despite years of falling ad revenue, user churn, and accusations of toxicity related to its controversial founder and chief executive, the app is likely the most viewed news [...]
UK Science Minister calls for stronger US-UK health tech alliance June 17, 2025 UK science minister Lord Patrick Vallance has urged the US and UK to deepen ties across the health tech and life sciences sectors, calling the move a “unique opportunity” to unlock economic growth and medical innovation on both sides of the Atlantic. Speaking at the BIO 2025 global biotech conference in Boston, Vallance told delegates [...]
Exclusive: Cybersecurity investment fuels £27bn boost for UK firms June 16, 2025 UK businesses are generating an estimated £27bn in additional revenue annually from investing in cyber security, according to exclusive findings shared with City AM by cyber security provider ESET. The research comes as a wave of cyber attacks continues to hit major organisations across the country, unveiling the commercial and operational stakes of digital security. [...]
Inside the privacy risks of Meta’s new AI app June 16, 2025 Meta’s push into consumer-facing AI has triggered a wave of concern among privacy experts and regulators, as its new chatbot app quietly exposes sensitive user data through a public-facing feed – an issue that has surfaced in multiple jurisdictions, including the UK. Launched in April, the standalone Meta AI app integrates directly with users’ Facebook [...]
Motorway CEO: How I built my $1bn empire after a huge failure June 16, 2025 The co-founder and chief executive of used car marketplace Motorway has opened up about how he helped to build a $1bn empire from scratch following the biggest failure of his career. On an up-coming episode of City AM’s Boardroom Uncovered show, Tom Leathes also revealed how he and his fellow founders landed on the car [...]
Nationwide to Greggs: King’s honours list champions UK business leaders June 14, 2025 Entrepreneurs and company chiefs in tech, recruitment and banking have been recognised for their contributions to UK business in the King’s birthday honours. Microsoft UK boss Clare Barclay and ceramics founder Emma Bridgewater, dubbed the “queen of pottery”, received damehoods for services to business. Nationwide chief executive Debbie Crosbie, who led a £2.3bn takeover of [...]
SXSW London 2025: How will AI change the UK tech space? June 13, 2025 Last week, City AM's Saskia Koopman attended SXSW London 2025, where she had the opportunity to speak to some of the world's leading figures in the tech space.
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]