‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn July 25, 2026 The growing use of AI in warfare poses a much bigger threat to the future of the UK than the latest advances in frontier AI models, experts have told City AM. Nicholas Fairfax and Max Rangeley, co-editors of The Artificial Intelligence Revolution, said the ability of small actors to use AI to develop immensely powerful [...]
Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
Top investment bank: Starmer and Reeves left UK ‘no better off than they found it’ July 24, 2026 Keir Starmer and Rachel Reeves failed to leave the economy in a better position than they found it, according to top investment bank, which said the administration’s fixation on “luxury beliefs” kneecapped its number one mission to revive Britain’s flagging growth. In a research note on Friday, Panmure Liberum said the former Prime Minister and [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles July 24, 2026 The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
Hilton, Butlins left fuming over business rates snub July 24, 2026 Hilton and Butlins have been left fuming after being snubbed by Andy Burnham’s pledge to slash business rates for pubs, clubs and music venues. The two hospitality giants said that hotels and resorts have been unfairly ignored by successive government interventions to cut the business rates bills of hospitality firms. Stephen Cassidy, senior vice president [...]
‘Dwarfed by other costs’ – Why cutting business rates for pubs won’t save the sector July 24, 2026 Andy Burnham has unveiled his long-awaited support for the UK’s struggling pubs, but the hospitality industry is contending with far more pressures than just business rates Andy Burnham’s pledge to cut business rates for pubs, clubs and music venues is expected to save each venue more than £1,000 next year in a move that comes [...]
Crystal Palace stadium set for £130m revamp with 25,000 seats July 24, 2026 Plans for the £130m refurbishment of a major 25,000-capacity south London stadium in Crystal Palace have been given the green light. The planning application for the renovation of the Crystal Palace National Sports Centre has been approved with the refurbishment set to feature a revamped swimming and diving pool, as well as a padel centre, [...]
West Ham United London Stadium deal costing taxpayers £19m a year July 24, 2026 The London Stadium deal between West Ham United and City Hall costs taxpayers £19m a year, the stadium company’s chair has revealed. A deal signed in 2013 between then Mayor of London Boris Johnson and bigwigs at the Hammers sees the former Premier League side pay £4.6m in rent per year, dropping this season due [...]
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal July 24, 2026 FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Sky and ITV mount defence of £1.6bn merger as regulators probe deal July 24, 2026 Sky and ITV will argue their proposed £1.6bn merger controls only around a fifth of Britain’s advertising market as they seek to convince competition regulators to approve one of the biggest media deals in decades, City AM understands. The Competition and Markets Authority (CMA) on Wednesday invited comments on Sky’s planned acquisition of ITV’s Media [...]