Cloudsmith Raises $72M Series C Led by TCV with Participation from Insight Partners to Control and Secure the AI-Powered Software Supply Chain April 23, 2026 Existing investors TCV and Insight Partners double down as Cloudsmith replaces legacy artifact management incumbents and builds the platform for the era of AI-driven software development
Asos shares uptick despite narrowing losses April 23, 2026 Asos shares are up by more than 3 per cent on Thursday as the online fashion giant focuses on efforts to bear down on its losses. The group cut its pre-tax loss by more than £100m to £137.9m for the six months to the beginning of March, while revenue slid 14 per cent to £1.1bn. [...]
Santander hits pause on €5bn buyback after US takeover April 23, 2026 Santander has been forced to hit the pause button on its bumper buyback programme announced earlier this year to comply with US regulation. The Spanish-headquartered bank told markets on Thursday it would temporarily suspend the €5bn (£4.3bn) buyback launched in February to comply with US regulation around its takeover of Webster. The lender struck a [...]
WH Smith profit grounded as flight cancellations take hold April 23, 2026 WH Smith shares tumbled after the retailer adopted a more “cautious outlook” as the Iran war sparks a slowdown in international tourism. The retailer’s share price fell by more than 15 per cent on Thursday’s open, to 532p, leaving the stock down more than 16 per cent in the year so far. The stationer suffered [...]
Sainsbury’s warns of Iran war hit to customers, share price dips April 23, 2026 Sainsbury’s has warned that the Iran war “will impact both our customers and our business,” as the supermarket giant saw its share price fall. The FTSE 100 grocer’s underlying retail profit fell by more than one per cent to £1bn, which Sainsbury’s said was due to “significant operating cost inflation,” as total sales grew by [...]
Copilot coaching: Can AI train me to run the London Marathon better? April 23, 2026 Ed Warner has swapped relentless pavement-pounding for AI prompts in the hope of training smarter – and less – for Sunday’s London Marathon. I’m getting my excuses in early. What began as my AI-generated, pared-back London Marathon training programme has – due to entirely unforeseeable circumstances – become the skimpiest of prep for this weekend’s [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost April 23, 2026 Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Startups should pray the US AI giants don’t run out of cash April 23, 2026 As City AM revealed earlier this week, a London-based business has raised £2m to fund the development of an AI-powered coffee vending machine. The company’s founders say they can tailor the contents of the hot drinks – like coffee strength and milk content – based on the preferences of the customer, using AI. That sounds [...]
Strikes have no place in a competitive market economy April 23, 2026 There is no reason why Tube drivers on objectively high incomes with working conditions many would kill for are able to force their employers to ask of them even fewer hours and even more pay – and the employers are forbidden by the state from simply hiring other people, says Tom Harwood I’m just going [...]
Punchdrunk Theatre founder: These video games changed my life April 23, 2026 Punchdrunk is the company that put immersive theatre on the map. Since it was founded more than a quarter of a century ago, it has built a reputation for creating vast, intricate, freeflowing productions in which masked audience-members are allowed to roam freely through its spaces. Hits include The Drowned Man (2013), Sleep No More [...]