Former Anthropic researcher behind ‘AI could kill us’ warning called to UK parliament September 16, 2026 Former Anthropic researcher Jacob Coxon has been invited to give evidence to parliament following his stark warnings over the threat posed by AI, City AM understands. Liam Byrne, chair of the Business, Innovation, Science and Trade Committee, told City AM that MPs have asked Coxon to appear as part of a parliamentary examination of AI [...]
Tribunal thumbs up £260m legal settlement against Google September 16, 2026 A UK specialist court has greenlit a £260m settlement in a class action against Google’s parent company, Alphabet, following an agreement last week. The settlement is the largest payout for class members the Competition Appeal Tribunal (CAT) has ever approved, though it is significantly lower than the £1.04bn the claim was estimated to be worth [...]
Gore Street Energy narrowly defeats Saba’s wind down vote September 16, 2026 Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual general meeting, after investors narrowly voted against its discontinuation. The battery fund quashed the Boaz Weinstein-run fund’s efforts to shut it down at its annual general meeting (AGM) on Wednesday, but more than [...]
Banker suspected of being ‘Putney pusher’ found dead September 16, 2026 A multi-millionaire banker who was suspected of being the ‘Putney pusher’ has been found dead in his home just three months after being arrested. Nicholas Brandram, who is a descedent of Queen Victoria, was discovered dead in his West London property on Tuesday. The 44-year-old was held on suspicion of grievous bodily harm in June, [...]
Burnham considers giving mayors ‘control over water companies’ September 16, 2026 Prime Minister Andy Burnham plans to create nine regional bodies led by mayors that could bring water companies under public control. Under the proposals, regional leaders would sit on boards alongside public health officials, customers and environmental campaigners. Alongside setting company objectives, it is understood the boards will collect customer feedback through consultation mechanisms modelled [...]
Home secretary donor reprimanded by accountancy regulator September 16, 2026 An accountancy firm director was severely reprimanded by the regulator and handed a £14,000 fine for breaching accountancy standards. Andeep Mangal, director of Birmingham-based accountancy firm Thapers Chartered Accountants, received a severe reprimand and a £14,000 fine on Wednesday for two separate allegations, and was ordered to pay a further £11,455 in costs to the [...]
British AI firm Synthesia warns ‘sci-fi’ fears risk choking UK tech September 16, 2026 British AI firm Synthesia has warned that “sci-fi” fears over AI could lead to poorly designed regulation, as pressure grows on ministers to toughen the UK’s AI rules. Alexandru Voica, head of corporate affairs and policy at the London-based AI video company, told City AM there was “no evidence” for claims that AI was already [...]
Marks and Spencer shares slide as investors brace for inflation hit September 16, 2026 Shares in Marks and Spencer have taken a dip as investors fear that rising inflation will push shoppers away from the upmarket grocer and towards its budget rivals. FTSE-100-listed M&S, whose food arm accounts for more than half of its revenue, dropped as much as four per cent on Wednesday to 357p. The share price [...]
Santander and BMW in High Court spat over motor finance dispute September 16, 2026 Santander and Volvo are taking BMW to the High Court over a dispute related to motor finance deals, City AM can reveal. The Spanish banking giant, along with Volvo Financial Services, is claiming the carmaker caused damages after auto dealers unlawfully re-sold the same luxury vehicles to BMW, leaving both firms claiming ownership over the [...]
Parachute payments boost promotion chances by 4x and should be scrapped, study finds September 16, 2026 Parachute payments make clubs four times more likely to achieve promotion to the Premier League and should be scrapped, according to a new study. The Leonard Curtis Football Finance Report 2026 found that over a 10-year period Championship clubs who received parachute payments had a 30 per cent chance of promotion, compared to just seven [...]