Deloitte big winner at Winter Olympics as sponsor sees engagement surge February 24, 2026 Big Four accounting firm Deloitte was one of the best performing sponsors at the Milano Cortina Winter Olympics based on online engagement. The London-headquartered giant was joined by TCL Technology and Omega SA as the best engaged firms, according to UK engagement. According to research from adtech firm Quantcast, Deloitte enjoyed a 15 per cent [...]
Allica Bank joins fintech unicorn club after £100m injection February 24, 2026 Small business lender Allica Bank will join the illustrious club of British fintech unicorns after securing a fresh funding round. The challenger bank is said to have netted $155m (£111m) in a Series D fundraise, which will take the firm’s valuation to $1.2bn and over the billion pound mark to declare unicorn status. The round [...]
There’s a new Magnificent 7, and it’s called the Fusty 5 February 24, 2026 The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
Lack of trust in AI tempers Starmer’s tech push February 24, 2026 Britain’s AI sector has entered the year with continued momentum, with its leading heavyweights raising over £20bn in private capital over the past year. According to Startup Coalition’s latest AI index, British AI firms command a combined valuation north of £45bn. Business services accounted for roughly 400 AI startups, attracting £8.3bn, while financial services and [...]
Developers shrink Silk Street plans to dodge objections February 24, 2026 Plans for a huge new office development in the heart of the City have been shrunk in a bid to dodge objections raised by furious locals. The plans to redevelop the existing western building, located next door to the Barbican estate, will now see it stand ten metres shorter than initially planned, in response to [...]
‘Vulnerable’ Lloyds and Barclays shares dip as tariff turmoil hits FTSE 100 February 24, 2026 Lloyds and Barclays shares tumbled into the red this morning as “vulnerable” City banking stocks got caught in the FTSE 100’s tariff turmoil. The FTSE 350 bank index tumbled over one per cent at open to 8,184.62 as lenders were struck with volatility at the opening bell. Barclays led the slump at over two per [...]
Pubs to open late during World Cup – a life raft for hospitality? February 24, 2026 Though the Labour government and the country’s thousands of pub landlords have very rarely seen eye-to-eye in recent months, the World Cup could bring a summer truce to this fiery dispute. Hospitality trade bodies and one of the country’s biggest pub chains have told City AM they welcome the government’s move to allow pubs to [...]
Standard Chartered hikes investor returns despite profit miss February 24, 2026 Standard Chartered handed out bumper investor returns following its full-year results despite the London-listed bank missing its profit target pencilled in by analysts. The Asian-focused lender recorded a two per cent uptick in pre-tax profit to $814m, falling below analyst expectations of $1.1bn. The miss came as net interest income performed weaker-than-expected, slumping 12 per [...]
FTSE 100 Live: Stocks take a dip amid tariff turmoil; Oil price soars February 24, 2026 Good morning and welcome back to the City AM liveblog. The good old safety net of London’s blue-chip index strikes again. The week kicked off with more tariff drama after Saturday’s announcement from President Donald Trump of a sweeping 15 per cent levy across the US’ trading partners. As cool heads prevailed in government – [...]
Why US tech firms are circling Wales for AI investment February 24, 2026 With land, connectivity and an enabling regulatory ecosystem, Wales is now on the radar of AI investors, writes Phil Pugh.