Cazoo owner makes first profit since 2019 September 1, 2025 The owner of Cazoo has made its first pre-tax profit since 2019 after recusing the collapsed brand last year, it has been confirmed. Motors.co.uk has posted a pre-tax profit of £621,000 for 2024, up from the loss of £9.3m it made in the prior 12 months. It is the first time the business has posted [...]
Big Brother: Can your employer monitor your whereabouts? September 1, 2025 As businesses grapple with the current economic challenges, the support measures previously offered to employees during the pandemic are being tightened. However, as companies adopt more stringent monitoring practices, the question arises: where is the line drawn between necessary oversight and the invasion of employee privacy? Headlines have been lighting up over the last year [...]
Alibaba unveils new AI chip as Nvidia’s China headache deepens August 29, 2025 China’s tech giants are racing to plug the gap left by Washington’s export bans, with Alibaba rolling out a new AI processor designed to replace Nvidia’s restricted H20 chip. The e-commerce titan, now also the country’s largest cloud-computing group, said the chip is more versatile than its predecessors and is aimed squarely at domestic AI [...]
The climate activist case for continued drilling for fossil fuels August 29, 2025 A pragmatic energy transition requires maintaining domestic oil and gas production as a strategic bridge to a renewable future, in order to prevent higher emissions from foreign imports while securing national energy sovereignty, says Callum Adamson “Drill, baby, drill” is not something you’d expect a ‘climate activist’ to say. You probably wouldn’t hear it from [...]
UK tech leaders back home turf for growth as AI drives investment August 28, 2025 The UK is increasingly being viewed by its own tech entrepreneurs as the most attractive country in which to build and scale a technology company, according to a new report. Barclays Bank’s latest Business Prosperity Index revealed that a majority of tech leaders now view Britain as offering stronger growth prospects than its international rivals [...]
Exclusive: Female CFOs generate greater returns for investors August 28, 2025 Female chief financial officers (CFOs) in the UK are routinely outperforming industry benchmarks, according to a new study shared exclusively with City AM. According to finance management platform OneStream’s Glass Chair study, UK companies led by female CFOs have delivered an average total return 1.5 per cent above industry benchmarks. That figure grows to 3.2 [...]
Nvidia stock dips despite record quarter as uncertainty spooks markets August 28, 2025 Nvidia’s earnings once again beat expectations last night, but the AI chipmaker’s shares slipped in after-hours trading due to ongoing uncertainty over China. The Silicon Valley-based group, now worth more than $4tn (£3.1tn) reported fiscal second-quarter revenue of $46.7bn, up 56 per cent year on year, with adjusted earnings per share of $1.05. Both figures came in [...]
UK defence tech pivots from taboo to City darling August 28, 2025 The UK’s deep tech sector is navigating a seismic shift in investor sentiment toward defence technology. Once a frowned-upon sector, defence is now shedding its taboo, driven primarily by global instability and recent geopolitical headwinds. This transformation, while opening the doors to new investment opportunities, also reveals underlying issues in the UK’s approach to technology [...]
Mass hallucinations: How I caught a rogue AI reporter August 27, 2025 The ‘customer’ in the fried chicken shop didn’t touch his meal. Instead, he photographed the kitchen door’s keypad and left. ‘Corporate spy,’ muttered the cashier before showing me three identical incidents caught on his security cameras. This is the opening line of a pitch I received from a writer called Joseph Wales, entitled “London’s Fried [...]
Inaccurate AI submissions strain overloaded Employment Tribunal August 27, 2025 A growing number of people are using AI platforms such as ChatGPT to draft grievances when bringing claims against their employers at the Employment Tribunal. Travers Smith employment partner Ailie Murray told City AM that the team is increasingly seeing employees use AI to draft grievances, employment claims, and submissions against their employers. “While this [...]