Dexory auditor raises evidence concerns as robotics firm losses widen April 1, 2026 Auditors for Dexory have issued a rare warning over gaps in its financial records after the British robotics firm Dexory reported surging revenues alongside deepening losses. In newly filed accounts, auditors at Moore Kingston Smith said they were “unable to obtain sufficient appropriate audit evidence regarding the stock quantities”, adding they could not determine whether [...]
Bank of England rebuffs calls to speed up ‘shadow banking’ stress test March 19, 2026 The Bank of England has rejected calls to speed up its inaugural stress test of the private credit industry, despite growing fears that a downturn in so-called shadow banking may pose a systemic threat to the global financial system. In a letter to the House of Lords’ Financial Services and Regulation Committee seen by City [...]
Political comfort blanket masquerading as a growth strategy March 18, 2026 Rachel Reeves has warned that we’ve entered “an age of insecurity” – and she wasn’t referring to Keir Starmer’s precarious grip on power. In declaring that “globalisation as we’ve known it is over” the Chancellor set out her response to this hard-edged new reality, focusing on regional growth, closer ties with the EU and a [...]
Sound-proof booths are as important as AI for your office March 10, 2026 Your employees’ ability to concentrate is the biggest limiting factor on productivity, says Paul Armstrong Corporate leaders are pouring billions into artificial intelligence in pursuit of a long-promised productivity boom. Early evidence is suggesting the gains may stall for a surprisingly familiar reason: human attention. Research into what analysts now describe as ‘AI brain fry’ [...]
Cyberattacks jump as AI targets weak security, says IBM February 25, 2026 Cybercriminals are leaning harder on the simplest ways into company networks, and using AI tools to do it quicker, IBM has warned. In its 2026 X-Force Threat Intelligence Index published on Wednesday, IBM said it saw a 44 per cent rise in attacks that started by breaking into internet-facing systems, like public websites and online [...]
Segro boss David Sleath: AI data centre roll out a matter of life and death February 20, 2026 The roll out of AI data centres in the UK’s urban hubs is a matter of life and death, warehouse magnate David Sleath has said. In an interview with City AM, the chief executive of industrial property group Segro said developing data centres in urban areas is “critical” for relying on developments such as saving [...]
FTSE 100 Live: Zurich and Beazley £8bn deal gets time; Defence and bank stocks rally February 16, 2026 Good morning and welcome back to the City AM liveblog. The first round of 2026 tech wobbles kicked into action last week and revived fears of an AI bubble. When Anthropic released a new AI tool designed to help in-house legal teams triage agreements and draft routine responses, the reaction trickled down through law firms straight into [...]
One in three founders plan job cuts due to AI February 13, 2026 A third of Britain’s scale-up founders are expected to cut jobs in the next year as AI adoption accelerates, new data suggests. A new report by Helm found 33 per cent of founders expect AI to lead job cuts in their business within the next twelve months. Nearly two-thirds, or 64 per cent, said they [...]
Relx reassures as AI fears hit data stocks February 12, 2026 Relx has sought to steady nerves with Thursday’s trading update, following a week of sharp AI-driven sell-off across legal and data stocks. The digital tool giant reported full-year results this morning showing revenue of £9.59bn for 2025, up from £9.43bn in 2024, representing seven per cent underlying growth. Reported operating profit rose to £3.03bn from [...]
Am I going to be replaced by AI? February 12, 2026 With each passing day it seems another sector suffers an AI-induced wobble on the stock market. We saw the large data companies lose billions in value when a new legal-focused AI tool was launched; we saw the owners of consumer and personal finance platforms take a hit as AI agents upped their game; and yesterday [...]