European financial centres lose global standing amid ‘relentless pivot to Asia’ September 16, 2026 European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities. Centres across Europe saw their prominence erode, with several key cities tumbling in the latest rankings from Z/Yen’s 40th Global Financial Centres Index (GFCI 40). European cities fell out of top 20, after only four [...]
Ask the expert: I lost my job at 56. Can I retire? September 16, 2026 Lost your job in your 50s? Marianna Hunt is back to take a look into whether retiring early, cutting spending or returning to the workplace is the best option when thrust back into the job market later in life. I’m 56 and lost my job in January after a successful career in financial services. I’d [...]
Hold interest rates despite inflation risk, Shadow MPC tells Bank of England September 15, 2026 The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
Andrew Bailey: Latest AI advances are an ‘OMG moment’ for cyber crime September 15, 2026 The latest advances in frontier AI are an “OMG moment” and countries need to “arm themselves”, Andrew Bailey has said, as he highlighted the new threat of financial crime posed by the technology. Speaking at the annual City of London Police Authority Board dinner at the Merchant Taylor’s Hall on Monday, the Bank of England [...]
UK government opens door to AI laws as safety warnings mount September 15, 2026 The UK government has left the door open to tougher AI regulation after the companies building the world’s most powerful models called for slower development, fearing safety has fallen behind. City AM understands ministers believe AI is already covered by laws spanning data protection, competition, product safety and online safety, but accept those rules may [...]
London is expensive enough for tourists September 15, 2026 An overnight levy on top of the removal of VAT-free shopping is making London too expensive for tourists, writes Ros Morgan.
Reynolds hails ‘tremendous upsides’ to AI amid warnings on threats September 15, 2026 Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence. Reynolds told the BBC that the UK should “never be complacent” about AI or “naive about the impact”, although he emphasised that new models could [...]
Private sector wage growth at lowest level in nearly six years September 15, 2026 Private sector wage growth remains at lows not seen in nearly six years in a sign that Britain’s labour market is weakening further ahead of a crunch interest rate decision for the Bank of England on Thursday. New data has shown that the wider UK jobs market cooled further over the summer, adding to a [...]
As it happened: FTSE 100 slides as oil and AI weigh on markets September 15, 2026 Welcome back to the City AM liveblog. Investors were met with a volatile start to the week after rising tensions around oil and AI dampened market mood. Brent crude – the international benchmark for oil prices – held above $107 per barrel on Tuesday morning after worries around global supply ramped up on Monday. Saudi [...]
Power Probe boss still ‘enjoying the ride’ after stock slump since Aim debut September 15, 2026 The boss of one of Aim’s newest constituents has insisted he is still “enjoying the ride” after the stock’s slump in the months following its London IPO. Power Probe, which is based in North Carolina and develops power tools for car mechanics, debuted on the junior Aim market in December 2025, one of only a [...]