Arendt Launches AVA, Its Proprietary AI-powered Prospectus Compliance Review Tool July 29, 2026 Arendt & Medernach, the leading independent Luxembourg-based law firm specialising in business law, investment funds, corporate law and tax, announced the launch of AVA (Arendt Visa Agent), a proprietary, purpose-built AI solution designed for UCITS prospectus compliance review. Developed in-house and built on Arendt’s own legal knowledge and methodology, with the technical architecture delivered in [...]
Oxane Partners Announces Strategic Growth Investment From TA July 29, 2026 Oxane Partners (“Oxane” or “the Company”), a leading technology-driven solutions provider to the private credit industry, today announced a strategic growth investment from TA Associates (“TA”), a leading global private equity firm. This investment will support Oxane’s continued technology innovation, expansion of AI capabilities, and further investment in talent and leadership. This press release features [...]
PwC thought leadership reports ‘100 per cent AI generated’ July 29, 2026 The Big Four giant PwC has been found to have published four ‘thought leadership’ reports that show a pattern of irresponsible AI usage, including hallucinated citations and fabricated claims. A probe by GPTZero, a company that makes AI detection software, focused on four reports published between 2024 and 2026 by PwC Middle East and found [...]
Cognita Reply Named an OpenAI Advanced Partner to Accelerate Enterprise Adoption of Frontier AI July 29, 2026 Cognita Reply, the Reply Group company specialising in OpenAI technologies, today announced that it has been named an OpenAI Advanced Partner within the OpenAI Partner Network. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260729234340/en/ The OpenAI Partner Network is a global programme for partners to build, sell and deliver AI solutions with [...]
Ofgem targets speculative AI data centres to free up Britain’s energy grid July 29, 2026 Ofgem has announced plans to stop speculative AI data centre projects clogging up Britain’s electricity grid, after applications for new power connections more than tripled in less than a year. The energy regulator is consulting on a new upfront commitment fee for large data centre developers, alongside tougher rules requiring projects to prove they are [...]
ustwo brings AI governance to the boardroom with appointment of Google DeepMind executive Simon Bouton July 29, 2026 ustwo, the global employee-owned B Corp digital product studio, today announced the appointment of Simon Bouton, Chief Experience Officer at Google DeepMind, as its first AI Non-Executive Director. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260728923967/en/ Bouton joins the board to provide independent oversight of ustwo’s AI strategy, reflecting the studio’s conviction [...]
Sage accelerates AI expansion as revenue grows July 29, 2026 Sage said it is accelerating the roll-out of AI across its product lines on Wednesday as it reported another quarter of double-digit revenue growth, fuelled by a boost in demand for its cloud accounting software. The FTSE 100 software company said revenue rose 11 per cent to £2.06bn in the nine months to 30 June, [...]
Bureau Veritas: Delivering on Our Commitments With Higher Sequential Organic Growth in Q2 and Continuous Margin Improvements July 29, 2026 Bureau Veritas (BOURSE:BVI): H1 2026 key figures1 › Revenue of EUR 3,258.4 million in H1 2026, up 2.1% year-on-year and up 5.0% organically (with a sequential improvement in Q2 2026 at 5.5% organic growth), › Adjusted operating profit of EUR 506.5 million, up 3.1% versus EUR 491.5 million in H1 2025, representing an adjusted operating [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks July 29, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
‘You can blame us’: The firm that sparked accountancy private equity gold rush July 29, 2026 Blick Rothenberg’s chief executive, Nimesh Shah, told City AM the firm ‘killed’ the traditional partnership model a decade ago, and now stands as the blueprint that every mid-tier accountancy competitor is trying to emulate. City-based Blick Rothenberg is widely recognised as the first major UK accountancy firm to receive private equity backing, after HgCapital invested [...]