Standard Chartered bets on AI as it cuts ‘lower value human capital’ May 19, 2026 Standard Chartered has announced plans to slash almost 8,000 back-office roles, stoking fears about the wide scale threat artificial intelligence poses to the global job market. The London-headquartered lender said it would reduce over 15 per cent of its support functions by 2030, equivalent to around 7,800 jobs, as boss Bill Winters pushed through a [...]
Old Spanish Hen? Estrella snaps up Greene King beer brand in UK expansion May 19, 2026 The British arm of Spanish beer giant Estrella is set to snap up Greene King’s iconic Old Speckled Hen beer as it continues to expand in the UK. Damm UK, the British arm of Barcelona based brewer S.A. Damm – which owns Estrella – will take on the entire line of Old Speckled Hen beers, [...]
Money20/20 Europe Announces Powerhouse Speaker Lineup Featuring Leaders from Klarna, BBVA, ABN AMRO, Mastercard, eToro, and Revolut May 19, 2026 Leading voices in payments, banking, and fintech innovation to take the stage in Amsterdam
The 2026 London Craft Week China Pavilion opens: Eastern craftsmanship blooms in the new era and women’s ingenuity spreads the beauty of China May 19, 2026 On May 12th, the China Pavilion of the 2026 London Craft Week officially opened at the Royal Mint Court in London. With the theme of Those Who Make China Beautiful, this year’s China Pavilion focuses on Chinese female handicraft creators and intangible cultural heritage inheritors. The exhibition featured wedding costumes, ethnic embroidery, auspicious patterns, and [...]
Unemployment back up as UK job vacancies fall May 19, 2026 Unemployment crept back up despite a fall in last month’s data as it was shown that the UK jobs market weakened in the last quarter. The Office for National Statistics said the UK unemployment rate was five per cent in the three months to March 2026. The unemployment rate had dropped to 4.9 per cent [...]
As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off May 19, 2026 Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]
Matchroom’s Eddie Hearn on darts in US, Bruin Capital, Saudi and Dana White May 19, 2026 Matchroom Sport chair Eddie Hearn on wooing Bruin Capital, darts breaking America, Saudi Arabian money, AJ-Fury and getting back at Dana White. A night at the darts might not seem the obvious place to clinch a billion-pound deal but that’s where Matchroom boss Eddie Hearn invited Bruin Capital to show the US firm why it [...]
Capital won’t wait for Westminster to sort itself out May 19, 2026 Britain can’t afford to spend the next six months navel gazing. We need to get serious about investing, says Katie Perrior Last month I woke up in Austin, Texas, pulled back the curtains in my hotel room and looked out across a skyline punctuated by cranes. Not just a handful of projects but dozens. Much [...]
The absolute insanity of the SNP’s plan to cap the price of food May 19, 2026 The political drama (or farce) of Westminster politics will dominate the news agenda for the rest of the summer. The high-stakes Makerfield by-election next month will be followed by a Labour leadership election – or, possibly, a coronation – leading to a change of Prime Minister and an entirely new policy agenda. The consequences of [...]
Lazy Coffee is the best coffee in the City – this is how they do it May 19, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the past winners. Today we caught up with Lazy Coffee founder Matthew Staite, whose Abchurch Yard coffee cart won the Best Coffee award. To nominate your favourite Square Mile spots for the 2026 awards, from bars [...]