As it happened: FTSE 100 up on defence boost; oil falls back as Trump weighs Iran deal FTSE 100 Live Welcome back to the City AM FTSE 100 live blog. The FTSE 100 has enjoyed a major rally on the back of booming defence stocks ahead of an expected investment from the government at the forthcoming Budget. This is also coming alongside a modest relax in oil prices on new diplomatic hopes in the Middle [...]
As it happened: FTSE 100 slides as oil surges to five-month high FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. It’s Friday morning and London’s blue-chip index is set for a flat open as pressures on markets persist. The price of a barrel of oil has surged to $114 per barrel, trading at its highest level in over five months. It follows escalating Houthi attacks on [...]
Lawyers warned they carry the can for juniors using AI Legal Lawyers have been warned they remain accountable for supervising AI use within their law firm, particularly when junior employees are operating the technology. The Law Society, an independent body that represents solicitors in England and Wales, issued new guidance on Wednesday setting out the appropriate use of AI in legal work, meaning lawyers cannot blame [...]
Microsoft boss says AI will reshape banking jobs as UK lenders cut costs October 22, 2026 Artificial intelligence will change the jobs available in Britain’s banking sector, but could also create new opportunities for workers with the right skills, a senior Microsoft executive has told City AM. Bill Borden, Microsoft’s global head of financial services, told City AM that AI would replace much of the routine work traditionally carried out by [...]
Law firms’ billing model faces disruption as clients turn to AI DIY advice October 15, 2026 Law firms are facing a new challenge as corporate clients are increasingly using their own in-house legal teams and AI tools to do legal work themselves, threatening the traditional growth and revenue model. According to new research from HSBC in their yearly UK Law Firm Strategy and Investment Survey, almost three-quarters of 100 law firms [...]
Artificial writer admits AI industry workers helped shape OpenAI film October 14, 2026 City AM spoke to Artificial writer Simon Rich at the London Film Festival screening of the new AI movie Artificial writer Simon Rich has revealed that AI industry workers were present on the set during the filming of his new AI movie Artificial, which charts the rise of OpenAI founder Sam Altman. Artificial has been [...]
Do you own your voice? As AI voice tech booms, UK law needs an answer October 13, 2026 AI voice tech like ElevenLabs is booming, yet the legal framework around whether a voice can be 'owned' remains murky.
PwC expects junior hiring to ‘push back up’ across professional services despite AI fears October 7, 2026 The chief executive of PwC UK said he expects the hiring of young people across the professional services sector to “push back up”, challenging the notion that AI is replacing junior work and slowing entry-level recruitment. Marco Amitrano, the Big Four giant’s UK chief executive and senior partner of PwC UK and the firm’s Middle [...]
Burnham and Trump strike UK-US defence AI deal September 22, 2026 Britain will link its military AI taskforce with its US counterpart under a new defence pact, deepening transatlantic tech ties as AI plays a growing role on the battlefield. The UK’s Defence Rapid AI Delivery Taskforce will work with the US Department of War’s Chief Digital and Artificial Intelligence Office to accelerate the deployment of [...]
Digital investment nearly doubles since 2019 yet AI’s growth contributions questioned August 24, 2026 Investment in digital infrastructure has nearly doubled in the space of just five years official data has shown even as economists question whether recent gains in productivity are down to artificial intelligence. A revision of how digital infrastructure spending is calculated by the Office for National Statistics (ONS) has suggested that business investment in digital [...]