Anthropic boss ‘concerned’ about AI’s impact on jobs October 16, 2025 Anthropic boss and co-founder Dario Amodei has warned that the rapid advance of AI could upend the workforce “faster and more broadly than anything we’ve seen before”, even as his company embraces the technology to transform how it operates. Speaking on stage at Salesforce’s Dreamforce conference in San Francisco, Amodei announced that AI tools were [...]
Howden appoints News Corp finance veteran Susan Panuccio to top team October 16, 2025 Howden has named Susan Panuccio as its next group chief financial officer, poaching the veteran executive from media giant News Corp. She is set to take the reins in January 2026, as current CFO Mark Craig steps into a newly created chief investment officer role. The double leadership shift comes as the London-headquartered group pushes [...]
British chipmaker Ensilica becomes latest victim of Jaguar Land Rover cyberattack October 16, 2025 British chipmaker Ensilica is thought to have become the latest supplier to Jaguar Land Rover to take a hit from the carmaker’s cyberattack, as the firm cut its supply expectations for the forthcoming year. The Oxford-based business saw its shares tumble on Thursday after it revised down its revenue expectations to £28-30m for the year [...]
Dazn set to unveil subscription featuring all pay-per-view events October 16, 2025 Dazn will next month announce full details of its new premium subscription product which will include all pay-per-view events. The UK-based global sports streaming platform believes it will offer value for money to viewers who buy many of its PPV boxing shows while increasing viewership across those top-tier events, which number around 15 annually. “We [...]
The company using AI to keep workers away from NHS waiting rooms October 16, 2025 Simplyhealth has pledged to be a solution to the UK’s productivity crisis, linking rising corporate sick leave, which costs Britain’s economy an estimated £150bn annually, to the NHS’s long backlog of treatments. The health insurer is turning to agentic AI to scale its services, hoping to keep employees healthy and at their desks rather than [...]
Rachel Reeves: Higher taxes on wealthy ‘part of story’ for Budget October 16, 2025 Rachel Reeves has confirmed a tax grab on the UK’s wealthy will be “part of the story” for her forthcoming Autumn Budget as she dismissed critics who fear an exodus from the nation’s richest. The Chancellor has faced rallying calls to launch a cash grab on the wealthy as she looks to strum up funds [...]
UK economy grew 0.1 per cent in August October 16, 2025 The UK economy grew by 0.1 per cent in August, Office for National Statistics (ONS) figures have shown, with a struggling construction sector in the month weighing down on output across the UK. The ONS data indicated on Wednesday morning the UK economy was set for a significant slowdown after an upswing in spending over [...]
The Whisky Exchange’s top creative cask bottlings October 16, 2025 City AM has teamed up with the Whisky Exchange to showcase some of the company’s most creative and innovative spirits. This month, it’s the turn of the creative cask bottlings, whiskies and rums bottled in unique and interesting casks that showcase the best of the spirit and innovation in the industry. As part of the [...]
The Scotch Malt Whisky Society’s colour evolution October 16, 2025 Whisky Business: City AM’s monthly look at the world of whisky. Over the past couple of decades, single malts have become synonymous with the Scotch whisky category. While blended Scotch, which uses a blend of different whiskies from various distilleries, still accounts for around 90 per cent of industry volume, single malt whisky, matured and distilled [...]
FTSE 100 Live: GDP ‘stumbles’ to end of year, Premier Inn owner’s earnings dip October 16, 2025 Good morning from the City AM liveblog team. Amid all the doom and gloom, it was a moment to cheer for bankers in the Square Mile yesterday. Rules governing bonuses are getting relaxed, which could lead to a tastier payout come the new year. The new rules will allow part-payment of bonuses for the most [...]