Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client June 4, 2026 Sir Martin Sorrell spent 33 years turning WPP from a small Kent-based wire and plastics manufacturer into the world’s largest ad company. He left in 2018 following a dispute over personal conduct that he has consistently denied, and has been a vocal critic of his successors ever since. “I think they are further gone than [...]
Kirkland & Ellis partners with Palantir for AI-driven private equity work June 4, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, has agreed to partner with tech giant Palantir to create an AI tool to use in advising private equity firms. The US-based firm, which has a large City office, said the multi-year partnership will deploy technology to share the expertise of its leading partners with [...]
Bunq: Revolut rival eyeing up UK banking licence bid June 4, 2026 Europe’s second largest digital bank is gearing up for a bid for a UK banking licence, City AM can reveal, as the firm puts its hat in the ring in the fight to claw market share from fintech leader Revolut. Bunq – which reached 20 million users in just a decade – is understood to [...]
‘Dire’: Rapid decline in construction as sector slashes jobs June 4, 2026 A rapid decline in construction companies’ activity has forced bosses to cut employment, according to new data. S&P Global’s construction purchasing managers’ index (PMI) showed that business activity declined at the fastest pace for six years. Putting the pandemic aside, the decline in construction output was the lowest since March 2009. The PMI reading was [...]
Asana Unveils Operating System for Human-Agent Teams June 4, 2026 Agentic Work Management solves the AI productivity gap; Organizations can run critical work with humans and agents on the same plan, with the same context, under the same governance Asana announces next generation AI Teammates purpose-built for industries and Asana Dash, an AI Chief of Staff for every user that knows your individual goals, priorities and what needs your attention New apps coming soon: Asana Service Management for IT, Command by Asana for Builders, and Asana Client Management for Professional Services
S4 Capital cuts jobs as Sorrell predicts ‘fewer people’ in advertising June 4, 2026 S4 Capital has cut a further 150 jobs this year, amid warnings from Sir Martin Sorrell that AI will leave the advertising industry employing “fewer people” in the years ahead. The London-listed marketing group said its workforce has fallen to around 6,200, down from roughly 7,000 a year ago, as clients continue to rein in [...]
Global Millionaire Population Jumps by Nearly 2 Million in 2025, Driven by Strong Stock Market Performance Worldwide June 4, 2026 U.S. adds 736,000 new millionaires — more than any other market — to reach 8.7 million Ultra-high-net-worth individual population expands 9.4%, the fastest-growing wealth segment for second consecutive year Most HNWIs (88%) work with multiple wealth management firms specifically to access better alternative investment opportunities Three-in-four advisors want AI to automate routine work so they can focus on client relationships
Stockbroker boom down under boosts CMC Markets share price June 4, 2026 CMC Markets shares rocketed in early trading after a rise in stockbroking activity in Australia coupled with its expanding institutional business partnerships boosted profits. Shares soared 12.7 per cent to 415p, with shares up 37.1 per cent since the start of the year. The trading platform operator recorded a 20 per cent hike in profit [...]
Mishcon de Reya to roll out new ‘bonus boost’ for associates June 4, 2026 City law firm Mishcon de Reya is offering its staff a ‘bonus boost’ for working additional hours to remain competitive in the legal pay race, City AM understands. The law firm has added a new ‘bonus boost’ to its pay structure, which will take effect in July 2027, for lawyers who record hours significantly above [...]
City AM Football Power List shows that systems, not individuals, control sport June 4, 2026 Ed Warner, one of the judges for the City AM Football Power List, gives his take on what the rankings reveal about the game. Here’s your gentle starter for 10: who’s the most powerful man in world football? Easy, right? Gianni Infantino. But who are the 24 people you’d rank immediately behind Fifa’s president? I’ve [...]