Apple UK posts £5bn turnover as iPhone boom offsets AI lag April 14, 2026 Apple UK racked up just shy of £5bn in turnover last year, as strong iPhone demand helped power growth across its British operations, according to newly filed accounts. The tech behemoth’s UK arm, based in Battersea Power Station, reported revenue of £4.99bn for the year to 28th September 2025, up from £4.7bn the year before, [...]
FTSE 100 Live: Stocks uneven as Trump’s Strait of Hormuz blockade begins April 14, 2026 Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday by the US’ blockade of the Strait of Hormuz, adding a new layer of tensions to the weeks-long conflict in the Middle East. Vice-President JD Vance has accused the Iranian government of engaging in an “act of economic terrorism” through its [...]
Meta trial lawyer to advise UK as scrutiny of social media design grow April 12, 2026 A US trial lawyer who led a landmark case against Meta is set to advise the UK government, as ministers consider tougher action on the impact of social media platforms. Matthew Bergman, who represented a young claimant in a high-profile Los Angeles lawsuit, is expected to be consulted as part of ongoing discussions around online [...]
“War in Iran will come at a cost,” Reeves warns UK businesses April 12, 2026 Rachel Reeves has warned the escalating conflict in Iran will feed directly into higher costs for British businesses, as pressure builds on energy prices and inflation. “I am going to be straight with people”, Reeves said, “the war in Iran will come at a cost to British families and business,” signalling that the economic fallout [...]
Ovo sues Talktalk over failed broadband customer deal April 12, 2026 Ovo Energy has launched legal action against Talktalk over a dispute stemming from a failed broadband customer transfer, adding pressure on both companies as they battle financial challenges. The claim centres on a 2022 deal in which Ovo sold a telecoms business, originally acquired through its takeover of SSE Energy Services , to Talktalk, transferring [...]
Annabel’s owner sells Mayfair empire in £1.4bn Abu Dhabi deal April 12, 2026 Richard Caring has sold a majority stake in the business behind Annabel’s, the Ivy and a string of London’s most exclusive restaurants to an Abu Dhabi-backed investor in a deal valuing the group at around £1.4bn. The buyer, Diafa, is a luxury hospitality platform linked to International Holding Company (IHC), chaired by Sheikh Tahnoon bin [...]
IBM: AI adoption stalls as UK businesses lack clear strategy April 10, 2026 UK businesses are adopting AI at a pace, but many are still struggling to convert that momentum into real, meaningful financial returns. According to IBM’s Race for ROI study, 66 per cent of British enterprises report significant productivity improvements from AI, with 63 per cent of senior leaders citing noticeable efficiency gains post-adoption. There seems [...]
Wall Street chiefs summoned over ‘nightmare’ Anthropic cyber threat April 10, 2026 US regulators have summoned top Wall Street bosses to an urgent meeting over fears that a powerful new AI tool could turbocharge a haunting new wave of cyber attacks. Scott Bessent, the US Treasury Secretary, and Federal Reserve chair Jerome Powell urged top banking chiefs to be prudent risks raised by Anthropic’s Mythos. The hastily [...]
Google partners with Opentable with AI that books your dinner April 10, 2026 Google has taken a swipe at the restaurant booking market, rolling out AI in the UK that can line up your next reservation directly from search. The new feature, launched on Friday, lets users describe exactly what they want, with Google’s AI then scanning the web for real-time availability and serving up bookable options in [...]
Peter Kyle touts US opportunities as OpenAI pauses UK investment April 10, 2026 Business secretary Peter Kyle has insisted Britain’s economic ties with the US are strong despite political tensions, in what he dubbed a “really great economic set of opportunities” between the two countries. Speaking ahead of a major trade mission to California, Kyle was optimistic about transatlantic relations, despite rhetoric from Trump straining diplomatic ties. “The [...]
