Britain has an AI minister – now it needs an AI answer August 4, 2026 The appointment of Kanishka Narayan, Britain’s first Cabinet-level minister for AI is an acknowledgement that this technology is the central economic question of the age, but the minister’s real test is whether he continues to build durable homegrown capability or instead subsidises dependency on non-European platforms, says Stefano Pasquali Kanishka Narayan’s appointment as Britain’s first [...]
Exclusive: Blackstone set to back AI ‘droid’ firm at $3.5bn valuation August 4, 2026 Blackstone is weighing a fresh funding injection for Nvidia-backed artificial intelligence firm Factory in a deal likely to value the coding company at more than $3.5bn, City AM has learned. The New York-headquartered investment giant, which has been ploughing cash into AI firms and digital infrastructure in recent years, is considering the investment as part [...]
MEX Exchange, Part of MultiBank Group Strengthens Leadership Team with Key Appointment August 3, 2026 MEX Exchange, the institutional electronic trading platform of MultiBank Group, today announced the appointment of Vibhanshu Bahuguna as Senior Director, reinforcing the company’s commitment to building a world-class leadership team as it expands its global institutional business and technology capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260803009139/en/ With more than 20 [...]
AI powerhouses are betting on London’s future August 3, 2026 London is a truly global city with a world-leading financial sector, a sophisticated and mature technology ecosystem, and the infrastructure to support growth at scale – and with these major recent AI office signings, we are seeing the city endorsed by the businesses shaping frontier technology, says Mike Wiseman In my experience, the property market [...]
3 ways AI is rewriting the rules of private equity August 3, 2026 For private equity firms looking to exit investments, the rules of M&A have changed. Successful exits now depend on three things: proving AI resilience,running smarter sale processes and taking a more pragmatic approach to valuation. Earlier this year, the sharp sell-off in software stocks, dubbed the “SaaSpocalypse”, exposed how quickly AI can reshape company valuations. [...]
AutoRek Acquires Grath to Set a New Standard in AI-Powered Reconciliation August 3, 2026 Financial services customers gain new AI-enabled capabilities - enterprise‑grade controls, rapid‑deploy SaaS, and Topa, an API‑accessible AI infrastructure for teams building proprietary reconciliation tools.
First Plus Expands Relationship with SS&C to Support Cross-Border Operations in APAC August 3, 2026 SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that First Plus Asset Management (FPAM), a multi-asset investment management firm, has selected SS&C to provide cross-border operations support across Asia. SS&C will service First Plus across the full investment lifecycle, delivering a scalable, integrated solution supporting transfer agency, order management and execution and investment accounting. FPAM [...]
Iran war could ‘halt growth’ across UK economy August 3, 2026 The Iran war could “halt growth” in the UK economy as the success of Andy Burnham and John Healey’s economic management largely hinges on President Trump’s decision-making, a City firm has warned. Big Four consultancy EY has said that the UK economy could perform better than first expected this year as its growth forecast was [...]
Boozy lunches still on the menu: Law firms bankroll juniors to schmooze clients in the City July 31, 2026 The long lunch, a cornerstone for corporate workers wooing clients in the City, has been considered to be on the decline with the rise of hybrid working, stretched budgets, and a new cohort of young professionals opting for alcohol-free options. But at law firms, this tradition is not off the menu; instead, it is being [...]
The GCC’s AI strategy: Inside the region’s $150bn race July 31, 2026 Understanding the GCC’s AI strategy is essential for unlocking opportunities from the UK-GCC Free Trade Agreement and the region’s $150bn AI push. AI is a powerful accelerant for solving complex challenges. The GCC’s AI strategy calls for heavy investment in digital infrastructure, and the UK-GCC FTA is creating new opportunities to capitalize on it. What’s [...]