UK should resist ‘over-regulating AI’: Founder of British tech start-up hailed by Sunak as ‘revolutionary’ February 12, 2024 The founder of a fast growing British tech startup, RobinAI, has said he believes the UK should resist over-regulating AI.
Competition watchdogs kicks off inquiry into Aviva acquisition of AIG Life February 8, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers [...]
High-flying lawyers and comms whizzkids: Meet the City types running for Parliament February 6, 2024 Meet the City workers packing it in for a run at election in this year's general election - and they're not all Tories
UK government to prepare regulators for AI as it eyes ‘agile’ approach February 6, 2024 The British government will spend more than £100m building artificial intelligence (AI) research hubs and preparing regulators.
Cashplus boss: More challenger banks to go up for sale as big lenders see ‘brain drain’ February 3, 2024 The consolidation of mid-sized challenger banks will likely ramp up in 2024, the chief executive of digital bank Cashplus has told City A.M.
Thermo Fisher Scientific’s £2.43bn Olink acquisition catches CMA’s eye February 2, 2024 The planned $3.1bn acquisition of Olink Holding by Thermo Fisher Scientific is being investigated by the UK's Competition and Markets Authority.
DMG and News Corp: Competition watchdog launches inquiry into merger of Sun and Mail publishers February 1, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the Sun and Mail publishers plans to combine print operations. Daily Mail and General (DMG Media) and News Corp UK and Ireland (NewsUK) proposed a joint venture last October which would combine the printing operations of NewsUK and DMG Media printing sites in [...]
Vodafone shuns offer from Iliad to tie up Italian businesses January 31, 2024 Shares in Vodafone fell over three per cent after it rejected an offer from French telecoms company Iliad to merge their Italian businesses.
Challengers say new law will end Big Tech’s ‘stranglehold’ January 31, 2024 A number of tech challengers and startups have urged the government to pass the digital markets bill before the next election to help end Big Tech's "stranglehold" on the sector.
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.