FCA eyes tougher AI rules as Brits turn to chatbots for financial advice July 6, 2026 The Financial Conduct Authority (FCA) has called for greater powers to regulate artificial intelligence after warning the UK’s financial rulebook must evolve to keep pace with the number of consumers turning to chatbots for advice on their money. In a new review published on Monday, the watchdog said AI will become “a defining force” in [...]
IFS and Chelsea reaffirm partnership but AI firm won’t be front-of-shirt July 6, 2026 Industrial AI firm IFS has reaffirmed commitment to its global partnership with Chelsea but will not remain the Premier League club’s front-of-shirt sponsor. IFS appeared on the front of Chelsea’s shirts for the latter part of last season, having signed a three-year contract with the US-owned West London side in February. But their expanded partnership, [...]
No-Loss Trading Platform UpsideOnly Surpasses 100,000 Users Within Weeks of Launch July 6, 2026 Rapid growth shows strong demand for a new trading model where users can make market predictions without risking their own capital
The UK’s legal system brings the world to London in search of a fair deal July 6, 2026 We talk a lot about London’s strengths as a global financial centre. We talk about our capital markets, our fintech ecosystem, our talent base. But there is one foundation that underpins every single one of those strengths, and it doesn’t get nearly enough credit: our legal system, says Dame Susan Langley When we talk about [...]
UK investors turn to bonds as equities valuations continue to stretch July 6, 2026 UK investors piled into bonds in June, as soaring valuations in equity markets has left many investors looking to avoid heightened risk and stretched value. Bond funds attracted over £1bn of net inflows last month, making it third-strongest on record for fixed income funds, according to the latest data from Calastone. The streak came as [...]
HMRC claws back £1m cutting ties with outside tech suppliers July 5, 2026 HMRC has cut contractor costs by £1m a year after replacing a decades-old outsourcing model, as ministers face pressure to find £14bn of efficiency savings across Whitehall. Whitehall risks missing Labour’s £14bn efficiency savings target unless departments stop repeatedly buying the same digital expertise from outside suppliers, according to a British technology consultancy working across [...]
Exclusive: Top FTSE executive recruiter goes bust after AI platform launch July 4, 2026 A City-based boutique recruitment consultancy which has won executive-level talent for a host of FTSE firms has plunged into insolvency after pumping investment into an AI platform, City AM can reveal. Savannah Group, which has recruited directors and executives for the likes of Starbucks, hospitality giant Fullers, Burger King, Aston Martin, and global cruise titan [...]
Formula 1’s governing body wants more races in China and Asia July 3, 2026 Formula 1’s governing body has insisted it wants more races in China and Asia as part of a Far East pivot ahead of this weekend’s British Grand Prix at Silverstone. The Federation Internationale de l’Automobile (FIA) told City AM that Asia had become a key growth market for the not-for-profit motorsport governing body, which this [...]
Arendt Investor Services Enters a New Phase of Development With BlackFin as Majority Shareholder July 3, 2026 Arendt Investor Services (AIS) announces today the completion of its acquisition by BlackFin Capital Partners, following regulatory approval by the CSSF. This transaction marks the start of a new phase of development for AIS, with a clear ambition to accelerate its growth through international expansion and selective acquisitions, while further investing in technology, including AI, [...]
Natwest boss becomes latest City figure caught in AI social media scam July 3, 2026 The boss of Natwest has become the latest City figure to be depicted in an AI scam across social media. Paul Thwaite – the chief executive of the FTSE 100 bank – was posted on X alongside journalist Emily Maitlis in a deepfake picture attempting to create a BBC radio interview. The picture was shared [...]