Apple: UK tax bill surges as profit passes £1bn July 7, 2025 The amount Apple paid into the Treasury’s coffers surged to more than £300m for its latest financial year as its profit jumped to over £1bn. The US giant paid £303.7m in UK corporation tax in the 12 months to 28 September, 2024, according to new accounts filed with Companies House. The figure is up significantly [...]
Exclusive: Starmer and Macron assemble top bosses for summit July 4, 2025 Keir Starmer and Emmanuel Macron are planning to bring together 20 of their countries’ top business leaders for a cross-sector gathering as part of the French President’s first state visit to the UK, City AM can reveal. Set to take place on Wednesday, chief executives and founders from France and Britain will convene in London [...]
British banking chiefs take a leaf from Elon Musk’s DOGE July 4, 2025 The chiefs of the UK’s Big Four banks are taking a leaf out of the Elon Musk playbook in their strident bid to slash costs. Natwest’s Paul Thwaite, Lloyds’ Charlie Nunn, HSBC’s Georges Elhedery and Barclays’ CS Venkatkrishnan are in the midst of major cost-cutting endeavours that bear similarities to Musk’s Department of Government Efficiency [...]
Cuts, struggles and breakups: How is AI reshaping the consultancy sector? July 2, 2025 Amidst the job cuts at Big Four, crisis mode is rearing at consultancy firms as the industry struggles to keep up with the AI world
Premier League kicks off AI era with five-year Microsoft deal July 1, 2025 The Premier League has inked a five-year deal with Microsoft to overhaul how fans engage with the game. But the tie-up also tightens Big Tech’s grip on British sport, reigniting scrutiny over data use and monetisation. Under the agreement, Microsoft will become the League’s official cloud and AI partner, with its Copilot technology powering a [...]
Government pledges to back UK fintech with regulation overhaul July 1, 2025 The government has pledged a regulation shakeup to support UK fintech as it seeks to slash the red tape blocking innovation. Speaking at City Week, technology secretary Peter Kyle said the government’s new Regulatory Innovation Office (RIO) would develop new smart tools to make navigating regulatory procedures “faster, clearer and more accessible”. This will include [...]
Replacing graduates with AI will hurt businesses in the long run July 1, 2025 Replacing graduate roles with AI does not build a smarter business, it builds a shallow one, writes Paul Armstrong.
NHS greenlights first major GP IT overhaul amid tech lag June 26, 2025 The NHS has approved its first new core IT system for general practice in a quarter of a century, in a move aimed at modernising primary care and reducing the administrative burden on staff. Practices across England will now be able to adopt a new cloud-based patient record system from Medicus Health, with more suppliers [...]
Getty Images drops ‘key argument’ in its live trial against Stability AI June 26, 2025 Two weeks into the closely watched trial, Getty Images has dropped its claims for primary copyright infringement against the British AI image generator company
This is why billions of passwords were leaked in Apple and Google breach June 24, 2025 A trove of around 16bn passwords and usernames linked to major online platforms – including Apple, Google, Facebook, Microsoft and dozens of government services – has surfaced online, in what researchers are calling one of the largest known compilations of stolen credentials. Initial reports caused confusion, suggesting direct breaches of platforms like Apple and Google. [...]