FTSE 100 Live: Index hits record as HSBC, St James’s stock rally February 25, 2026 Good morning and welcome back to the City AM liveblog. There’s a number of factors weighing on global markets at the moment, and yet the FTSE 100 was able to close Tuesday’s session unscathed. It came despite President Donald Trump’s new 10 per cent tariffs coming into effect, sending some jitters across global indexes. But [...]
Accountancy firms face margin squeeze as AI disrupts compliance services February 25, 2026 Most UK accountancy firms admit margins on traditional compliance services are under pressure from automation, as professional services firms rethink strategies in the age of AI. According to a report shared exclusively with City AM by Ravical, while most British firms believe margins have increased over the last three years, the majority (63 per cent) [...]
The Debate: Should AI be used to make hiring decisions? February 25, 2026 Would you trust AI to pick out your CV, or should hiring be left to humans? We hear the case for and against in this week's Debate.
UK asset managers pile into cut-price software stocks after rout February 25, 2026 Two of Britain’s largest asset managers have bolstered their positions in under-fire software companies in a bet that markets are overestimating the harm that artificial intelligence will have on their business model. Aberdeen and Rathbones have both added to holdings data giants like Relx, Adobe and Experian, arguing that the firms’ cratering valuations are largely [...]
Wayve raises $1.2bn as self-driving firm gears up for robotaxi launch February 25, 2026 British self-driving car company Wayve has raised $1.2bn (£950m), ticking its valuation up to $8.6bn and marking one of the largest capital raises for a UK AI startup. The funding round was led by Eclipse, Balderton and Softbank Vision Fund 2, with new backing from investors like Ontario Teachers’ Pension Plan, Baillie Gifford, the British [...]
IGI Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results and Declares Ordinary Common Share Dividend February 24, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the fourth quarter and full year 2025. Highlights for the fourth quarter and full year 2025 include: (in millions of U.S. Dollars, except percentages and per share information) Quarter Ended December 31, Year Ended December 31, 2025 [...]
Meta strikes AMD chip deal as AI spend continues to boom February 24, 2026 Meta has agreed a multiyear deal to buy up to six gigawatts of AI computing power from AMD, in an agreement valued at more than $100bn (£74.5bn) that could see the social media group take a stake of up to 10 per cent in the US chip giant. The companies said on Tuesday that Meta [...]
HOLYWATER TECH’s My Drama Debuts Wild Silence With Maksim Chmerkovskiy, Marking First TV Celebrity Turn in a Vertical Series February 24, 2026 Wild Silence signals the beginning of Chmerkovskiy’s acting career and debuts exclusively on the My Drama app on February 27
Big Four consulting giants pivot to ‘high-growth verticals’ amid AI disruption February 24, 2026 Following news of Deloitte’s latest expansion, experts predict a wave of restructuring and a “high-growth vertical” focus across the Big Four giants. On Monday, Deloitte revealed its plans to launch a Europe, Middle East, and Africa (EMEA) firm, aiming to build a regional powerhouse that keeps pace with rapid technological change. The new firm will [...]
Elite Unveils Cloud-Only Updates Aimed at Ending Friction in Law Firm Financial Operations February 24, 2026 Elite today announced major updates to its AI-enabled SaaS platform, 3E, introducing Data Connect, powered by Elite’s Data Fabric, alongside new intelligence and payments capabilities to eliminate friction across the work-to-cash cycle. Elite is introducing Data Connect, powered by Elite’s Data Fabric, giving firms a new foundation for continuous financial insight across the work-to-cash cycle. [...]