Axel Springer strikes £575m deal to buy Telegraph titles March 6, 2026 German media giant Axel Springer has agreed a £575m deal to acquire Telegraph Media Group, ending years of uncertainty over the future ownership of one of Britain’s most influential newspaper publishers. The all-cash agreement will see the Berlin-based publisher – which owns Politico, Business Insider, Bild and Die Welt – take control of the Daily [...]
University spinouts boom as startups pull in billions March 6, 2026 Academics are increasingly going on to start their own start-ups, with a surge in spinouts, patents and investment pointing to the growing commercial impact of Britain’s research base. New figures seen by City AM show the number of UCL academics seeking to commercialise their research has jumped by more than 25 per cent since the [...]
Sadiq Khan invites Anthropic to move to London March 6, 2026 Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]
FTSE 100 Live: Stocks jittery amid oil tensions; Khan woos Anthropic AI March 6, 2026 Good morning and welcome back to the City AM liveblog. Inflation fears have dominated the week and as for the time being, they don’t look to be heading anywhere. The FTSE 100 ended Thursday’s session slipping 1.5 per cent to 10,413.94p as markets battled renewed fears of an energy crisis. Brent crude futures – the international [...]
Banks push for tech giants to share scam ad costs March 5, 2026 Social media companies are facing renewed calls to help pay for tackling online fraud, as the UK prepares to unveil its updated national fraud strategy. The Payments Association said platforms like Meta Platforms and X should take greater responsibility for scam adverts that appear on their sites, arguing they profit from the ads, while banks [...]
Less magic, more panic in Disney’s AI deal March 5, 2026 It was always going to happen, wasn’t it? The moment AI video tools became proficient enough to conjure something that looked vaguely like a princess, or a Jedi, Disney would ultimately have to choose: spend the next decade playing a game of Whac-A-Mole in court, or license its assets in-house. The House of Mouse, it [...]
Should we be worried that AI’s referees are leaving the pitch? March 5, 2026 Zoe Hitzig had one of the more unorthodox jobs Silicon Valley has to offer. She worked on the ethics and policy questions around artificial intelligence at OpenAI – the uncomfortable bits about how these systems are built, used, accessed and paid for. A couple of weeks ago, she quit. Taking the pen for the New [...]
Entain losses deepen as Budget gambling tax bites March 5, 2026 Britain’s new gambling tax regime has delivered an early sting for Entain, pushing the Ladbrokes owner to a wider annual loss even as its core betting business continued to grow. The FTSE-listed bookmaker said it swung to a loss of £681m for 2025, compared with £461m a year earlier, after booking a £488m impairment linked to [...]
Britain’s tech sector ‘massively punches above its weight’ March 4, 2026 The UK’s tech sector continues to generate capital, attract global investment and talent, yet the domestic narrative often points to a country in retreat. “We have a huge narrative issue”, Russ Shaw, founder of Global Tech Advocates and London Tech Advocates, told City AM. “We’re the third largest tech ecosystem in the world. We have [...]
OpenAI rewrites Pentagon AI deal following backlash March 3, 2026 OpenAI has amended its newly signed contract with the US Department of War after chief executive Sam Altman admitted the original announcement “looked opportunistic and sloppy”. The news triggered fears the company’s technology could be used for domestic mass surveillance. The San Francisco-based AI firm signed the agreement with the Pentagon on Friday, hours after [...]
