‘Expect to be spied on’: MI5 chief warns UK tech startups over foreign threats October 13, 2026 British tech startups should expect to be targeted by foreign spies, the head of MI5 has warned, as the security service ramps up efforts to tackle cyberattacks and the growing national security risks posed by AI. Sir Ken McCallum, director general of MI5, has urged British businesses to strengthen their cyber defences, warning that hostile [...]
Football regulator warns Burnham: I’ll quit if ministers meddle in Manchester City October 13, 2026 Football regulator boss David Kogan has vowed to quit if prevented from punishing Manchester City’s owners — and is ready to ask government for extra cash to fight any legal challenge from Abu Dhabi. The Independent Football Regulator has the power to disqualify City’s owners and force Sheikh Mansour to sell up following the club’s [...]
AI firms taking ‘catastrophically high’ risks, ex-OpenAI researcher warns MPs October 13, 2026 The world’s biggest AI companies are taking “catastrophically high” risks in their race to develop superintelligent systems, a former OpenAI researcher has warned MPs, as Parliament examines whether tech giants can be trusted to regulate themselves. Daniel Kokotajlo, who quit the ChatGPT maker over safety concerns, told the Business, Innovation, Science and Trade (BIST) Committee [...]
Netflix makes first major entry into live men’s football with World Cup deal October 13, 2026 Netflix has made its first major entry into live men’s football by snapping up exclusive rights to the 2030 World Cup in Spain, home of the co-hosts and holders. The agreement builds on the global streaming giant’s deal with Fifa for the exclusive rights in North America to show the next two editions of the [...]
Number of ISA millionaires surges to record high with 25 people holding pots worth £12m October 13, 2026 The number of ISA millionaires in the UK hit a record high, as more Brits chose to plough their cash into the tax-shielded account. The total number of stocks and shares ISA millionaires increased by more than 50 per cent in the 2023/24 tax year, reaching a record 7,730 according to an FOI request from [...]
Manchester – not London – is Europe’s top nightlife city October 13, 2026 Manchester enjoys more after-hours fun than any European city, according to an analysis of lift and escalator journeys around Europe. According to the elevator manufacturer Kone, Britain’s third-largest urban hub is referred to as the continent’s “after-hours City”, with more than four per cent of lift journeys taken between midnight and 4am – which is [...]
Meta challenges Ofcom in court for ‘acting irrationally’ in fine and fee pricing October 13, 2026 Meta has challenged the UK regulator in court over how it calculates fees and fines under the UK’s online safety law, as it argued the methods are disproportionate and unlawful. The tech giant has questioned the media regulator, Ofcom, over its definition of ‘qualifying worldwide revenue’, which it uses to calculate financial penalties and fees [...]
Midday Markets: The UK economy is a juxtapo-Britain October 13, 2026 The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon weighs up what Tuesday’s IMF report says about the state of the UK economy. Sign up to the City AM News Updates newsletter here. [...]
Dimon warns of risks ‘under the surface’ as JP Morgan earnings miss October 13, 2026 JP Morgan boss Jamie Dimon has warned of a broad set of economic risks “under the surface” as the Wall Street bank’s earnings missed expectations in the third quarter. The US banking giant reported $50.9bn (£38.4bn) in revenue for its latest three month period, up eight per cent year-on-year. But this undershot the $51.2bn forecast [...]
Healey rejects calls to equalise capital gains and income tax rates October 13, 2026 Chancellor John Healey has reportedly rejected calls by senior Labour figures to raise capital gains tax to the same levels as income tax, after warnings that an increase would harm Britain’s appeal to investors. Several senior cabinet ministers have in recent months called for capital gains tax (CGT) to be equalised with income tax in [...]