Peter Kyle pushes AI regulation changes to support UK businesses September 3, 2025 Technology secretary Peter Kyle will use his speech at Mansion House tonight to urge UK regulators to adopt AI in a bid to cut approval times for businesses, as Britain seeks to keep pace in the global race for tech leadership. Kyle is set to pledge £2.7m in government funding to help regulators trial AI [...]
Large firms liable for fraud happening under their watch under new UK laws September 1, 2025 Businesses could be prosecuted if they profit from fraud committed by one of their employees even if managers do not know about it, under new UK laws. The new “failure to prevent fraud” offence, which came into effect on Monday, holds large firms to account over their internal anti-fraud measures. It says that businesses can [...]
Business secretary to meet JCB boss after concerns raised about US tariffs August 25, 2025 Jonathan Reynolds will meet the boss of JCB after the company was among those which raised the alarm about the impact of new US tariffs on British businesses. JCB chief executive Graeme Macdonald called on the UK Government to get a “deal done quickly” with the US on steel, after hundreds of British goods became [...]
New Look owners line up Rothschild as high street chain prepares for possible sale August 24, 2025 The owners of New Look have appointed Rothschild to oversee a strategic review that could see the high street fashion chain change hands next year. Alcentra and Brait, which have controlled the retailer since 2020, tapped the investment bank after receiving unsolicited approaches from potential buyers, Sky News reported. No timeline has been set for [...]
UK workers feel uncomfortable being managed by AI August 12, 2025 Less than a third of UK workers are comfortable being managed by an AI Agent, according to new research shared exclusively with City AM. New research from Workday found that more than three-quarters of UK organisations are moving to implement AI Agents in everyday management functions, with 40 per cent actively rolling out AI agents, 25 [...]
Bank of England interest rate cut offers modest boost for UK SMEs August 11, 2025 The Bank of England’s recent decision to reduce its base interest rate from 4.25 per cent to four per cent marks the first time borrowing costs have fallen to this level since March 2023, offering a modest reprieve for UK small and medium-sized enterprises (SMEs) after two years of elevated rates. According to new analysis [...]
Retail profit warnings more than double as high street pressures mount July 21, 2025 Profit alerts among retailers more than doubled in the second quarter as consumers reined in their spending and firms faced soaring wage costs, according to a report. The latest report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth year-on-year in the second quarter – with a record proportion [...]
Companies House crackdown: 11,500 firms struck off July 17, 2025 Over 11,000 UK firms have been struck off the Companies House register over the past year following a coordinated crackdown on corporate structures suspected of facilitating fraud, money laundering and other economic crime. The operation, led by the National Economic Crime Centre and supported by the National Crime Agency, Companies House, HMRC, and several UK [...]
Companies House reforms: 1 in 5 firms shift addresses July 16, 2025 More than one in five UK companies changed their registered address between January 2022 and February 2025, highlighting the extent of internal corporate changes taking place ahead of major Companies House reforms. Moody’s data, shared exclusively with City AM, also found that nearly 14 per cent of companies changed legal status during the same period. [...]
AI disrupts UK hiring for tech and entry level roles July 14, 2025 UK employers are significantly scaling back hiring roles at risk of being disrupted by artificial intelligence (AI), adding signs of a broader labour market slowdown. New data from McKinsey & Co revealed that online job postings fell 31 per cent in the three months to May, compared with the same period in 2022. Yet the [...]