OpenAI alum moves into ChatGPT maker’s old office in push to serve UK’s fintechs Fintech A tech firm founded by OpenAI alumni has set up shop in the ChatGPT maker’s old office as it sets its sights on serving the UK’s top fintechs, City AM can reveal. Dust, an AI platform founded by former OpenAI and Stripe engineers Stanislas Polu and Gabriel Hubert, has taken a lease at the Fora [...]
Williams turns to AI to squeeze more from F1 cost cap Tech British racing team Williams is turning to AI to free up engineering time as Formula One’s (F1) cost cap makes squeezing more from existing resources more valuable. The nine-time constructors’ champion has rolled out software from title partner Atlassian across its 1,200-strong operation as part of a wider overhaul under team principal James Vowles, as [...]
Improve technical education for women to plug engineer shortage Opinion Technical education, in particular for women and ethnic minorities, has a big role to play in addressing the skills shortage in engineering.
Exclusive: Sydney Opera House and Gherkin designer Arup loses finance chief August 5, 2026 The design company behind the Sydney Opera House and Gherkin has been left without a finance chief after the former executive in the role quietly left the business, City AM has learned. Robert Boardman, who spent nearly seven years as chief financial officer at the blue-chip engineering, design, and professional services consultancy, resigned as a [...]
From mild to wild: What impact will AI have on banking jobs? June 10, 2026 Top banking bosses have issued their AI verdict after Standard Chartered stunned the sector with plans for sweeping job cuts last month. In this week’s column Samuel Norman looks at whether a reckoning could be on the horizon. The big-name banker must have known how the conversation would go when he arrived for lunch with [...]
Watchdog slaps BDO with £2m fine over serious audit failings May 28, 2026 Accountancy giant BDO and the former head of its London audit group have been slapped with sanctions by the accounting industry watchdog over its work on the construction engineering firm NMCN. The Financial Reporting Council (FRC) imposed sanctions on the firm and its former partner, Geraint Jones, for significant and serious breaches during the 2019 [...]
Starling’s profit slides as falling interest rates bite May 21, 2026 Starling’s profit took a dip in the latest financial year as the lower interest rate environment took a chunk out of the digital bank’s bottom line. The UK fintech notched a £217m pre-tax profit, down three per cent from the £223m secured in the prior year. This came as revenue slipped 5.6 per cent to [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close May 6, 2026 Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
Rolls-Royce shares rally after unveiling bumper buyback plan February 26, 2026 Rolls-Royce has laid out plans to return billions to investors over the next two years after the blue-chip giant’s profit rocketed, leading to an upgrade of targets. The aerospace titan revealed plans for a £7bn to £9bn multi-year share buyback from 2026 to 2028, which comes as the firm wraps up a £1bn buyback from [...]
Rolls-Royce: FTSE 100 giant set to splash £1bn on shareholders February 23, 2026 City darling Rolls-Royce is gearing up plans to dish out bumper returns to investors this week as the firm delivers its annual results. The FTSE 100 giant is set to launch a buyback worth as much as £1.5bn, which will come on top of the company’s final dividend as the aircraft engineer looks to reinforce [...]