Lloyds Bank forks out compensation after tech glitch hit nearly half a million March 27, 2026 Nearly half a million Lloyds Banking Group mobile app users were hit by the firm’s major tech glitch earlier this month with the bank now dishing out compensation payments to some of those affected. Up to 447,936 customers of Lloyds and group subsidiaries Halifax and Bank of Scotland saw other rogue transactions across their accounts [...]
Revolut and Nationwide sharpen swords in battle to bank Britain March 25, 2026 The claws are out in the battle to bank Britain and in this week’s column Samuel Norman takes a look at the latest shots fired from Revolut and Nationwide. If you had ‘Graham Norton sitting on a horse’ on your banking bingo card, congratulations. The BBC chat show host has swapped his famous sofa with [...]
Investors eye farming as AI’s latest cash cow March 23, 2026 A startup fitting livestock with AI-powered collars is closing in on a $2bn valuation, as investors turn their attention to a less obvious frontier for AI. New Zealand-based Halter is in talks to raise fresh funding led by Founders Fund, the Silicon Valley firm backed by Peter Thiel. The round is understood to be heavily [...]
Diploma: Shares in FTSE 100 giant boom after profit upgrade March 18, 2026 Shares in specialist tech supplier Diploma boomed on Wednesday morning after the group slapped a hefty upgrade on its financial targets for 2026. The firm’s stock was up as much as 15 per cent on open to 5,771.06p. It came as the FTSE 100 giant said it expects revenue growth to come in at nine [...]
From toilets to MSG: Four unlikely winners of the AI boom March 11, 2026 Believe it or not, Toto, the Japanese toilet and bidet maker, has become one of the more improbable stock success stories of the AI boom. The company produces electrostatic ‘chucks’, components critical to memory chip production, and when activist fund Palliser Capital took a stake last month and called it “the most undervalued and overlooked [...]
‘I see people doing dumb things’: Jamie Dimon warns of crisis-style AI reckoning February 24, 2026 The world’s most influential banker has drawn parallels to the time before the global financial crisis amid inflated asset prices and peers doing “dumb things”. Jamie Dimon, the top boss of Wall Street behemoth JP Morgan, said: “Unfortunately we did see this in ‘05, ‘06, ‘07, almost the same thing. “The rising tide lifts all [...]
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 [...]
LSEG, Sage, Rightmove shares fall as Anthropic AI rattles markets February 4, 2026 Shares in global software giants tumbled again on Wednesday morning as the latest AI innovation from Anthropic rattled global markets. The London Stock Exchange Group (LSEG) extended Tuesday’s losses falling near two per cent in early trading to lows of 6,774.00p before clawing back some gains. Meanwhile Rightmove led the index’s fallers, with a slump [...]
Financial services set for hiring spree for AI experts in 2026 January 26, 2026 British banks and finance firms are hunting for behavioural science and psychology experts for ethical AI jobs, as worries about misusing the technology build, experts have said. A desire to accelerate recruitment in 2026 comes after one of the worst years for hiring in the financial services sector since the 2008 financial crisis. Some 55 [...]
Bankers and bots: City lenders to face scrutiny on AI ambitions January 15, 2026 Banks have been tipped as a big winner of AI integration but face a major test in selling their tech narrative to investors. As City lenders gear up to report their 2025 financials, shareholders will be looking past balance sheets for progress on digital ambitions. “This may be the year the market makes up its [...]