Natwest hires top tech talent amid UK innovation push October 9, 2025 NatWest had doubled down on its support for the UK’s high-growth and innovation economy with two senior strategic hires in its newly formed venture banking team. Greg Brown has joined as head of venture capital coverage, and Kim Martin has stepped in as head of venture and growth finance, reflecting the bank’s renewed push to [...]
Big Technologies board made ‘outrageous allegations’ about me, says ousted founder October 9, 2025 The founder of a London-listed tech firm has hit back after she was ousted by her own board, describing misconduct allegations levelled against her as “outrageous.” In a rare public intervention following her dismissal from Big Technologies earlier this year, Sara Murray told City AM she felt shareholders “are just fed up with the decisions [...]
Bank of England sounds alarm on ‘high risk’ AI bubble October 8, 2025 The Bank of England has warned of the potential for a “sharp correction” in global markets due to the “stretched” stock valuations from the artificial intelligence (AI) boom. The central bank’s Financial Policy Committee has warned a crash in the roaring value of US tech giants could spark trouble overseas. “A crystallisation of such global [...]
Deloitte refunds Australian government after AI ‘made up citations’ in report October 6, 2025 Big Four firm Deloitte is set to issue a partial refund to the Australian federal government after a report it issued contained several errors caused by the use of AI. Deloitte was commissioned by the Department of Employment and Workplace Relations (DEWR) to review a targeted compliance framework and its IT system in December 2024. [...]
Intel: UK revenue slashed by over £1bn as profit cut October 6, 2025 Revenue at the UK arm of technology giant Intel has been slashed by almost $1.5bn (£1.1bn) as its profit was cut significantly during its latest financial year. The division of the US group has posted a revenue of $3.3bn for 2024, down from the $4.7bn it achieved in 2023. New accounts filed with Companies House [...]
Beauty Tech makes strong debut on London Stock Exchange amid IPO drought October 3, 2025 Shares in Beauty Tech Group, the owner of at-home skincare device brands including CurrentBody, ZIIP Beauty and Tria Laser, rose on their first day of trading in London, offering a rare boost to the capital’s beleaguered stock market. The Cheshire-based firm priced its initial public offering (IPO) at 271p a share, giving it a market [...]
UK orders Apple to give access to encrypted iCloud backups October 1, 2025 The UK government has ordered Apple to give law enforcement access to encrypted iCloud backups of British users, escalating a long-running dispute over data privacy and surveillance powers. The move, first reported by the Financial Times, follows a failed attempt earlier this year to demand global access, which triggered a sharp backlash from Washington. In [...]
Treasury invests £63m in cloud services amid public sector overhaul October 1, 2025 HM Treasury has spent more than £63.6m on cloud services over the past three years, showing a decisive shift toward fully cloud-based IT infrastructure. The department has eliminated on-premise systems entirely, reflecting a broader digital transformation agenda across public spending and tax policy. According to the State of Digital Government Review, around 60 per cent [...]
Most businesses use ChatGPT before consulting their accountant October 1, 2025 Almost two-thirds (64 per cent) of businesses are now using public AI chatbots for advice before consulting their accountant, according to new research exclusively shared with City AM. A survey of 500 senior decision-makers within UK accountancy firms, conducted by Ravical for its ‘Accounting in the Age of AI‘ report, found clients are no longer [...]
eBay launches £3m AI programme for UK SMEs October 1, 2025 E-commerce giant eBay has unveiled a major initiative aimed at helping UK small businesses harness the power of AI and compete with larger enterprises. The company’s new programme, ‘AI activate’, is a £3m investment that will provide up to 10,000 small enterprises with fully funded access to OpenAI-powered tools and tailored training to boost productivity [...]