National Lottery operator sees ‘inflection point’ despite drop in revenue Tech The operator of the National Lottery has revealed lower UK sales and earnings for the start of the year but said it saw an “inflection point” on the horizon its British arm. Allwyn, the European gaming operator who took over the UK National lottery in 2024, booked revenue growth of around a fifth in the [...]
Kirkland & Ellis partners with Palantir for AI-driven private equity work AI 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 [...]
As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace Markets Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to [...]
Google hit with UK-first AI crackdown over publisher content June 3, 2026 Google will be forced to give publishers greater control over how their content is used in AI-generated search results after the Competition and Markets Authority (CMA) unveiled what it described as a “world-first” intervention aimed at re-balancing power between Big Tech and content creators. The move comes as publishers increasingly complain that Google’s AI Overviews [...]
Lloyds Bank and Halifax customers hit with app outage June 3, 2026 Lloyds Banking Group has been rocked with another outage as thousands of customers report issues with their online services. The financial services giant was flagged with a spike on the online outage tracker Downdetector at around 11:15am on Wednesday as users reported issues. Across the group – which includes Lloyds, Halifax and Bank of Scotland [...]
Music bosses pass Tory blame to Labour over ticket tout row June 2, 2026 When Labour announced plans last November to cap ticket resale prices, many in the live music industry thought a campaign that had dragged on for nearly two decades was finally approaching a conclusion, writes Saskia Koopman. The government pledged to make it illegal to resell tickets above face value, cap fees charged by resale platforms [...]
Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’ June 2, 2026 Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah [...]
How do you teach a robotaxi London? Waymo explains June 2, 2026 Before Waymo launches a commercial robotaxi service in London, it needs to teach its vehicles more than just how to drive on the left, writes Saskia Koopman. Waymo, the Alphabet-owned autonomous driving company, has spent months testing vehicles across the capital ahead of a planned commercial launch. The robotaxi giant has been testing in London [...]
‘Clients pay for expertise, not process’ – Grant Thornton rolls out Anthropic AI June 2, 2026 Professional services giant Grant Thornton is rolling out Anthropic across its entire UK workforce as the firm seeks to embed AI in its services at a time when the technology is upending the industry. The accountancy firm’s UK arm said it will roll out Anthropic’s generative AI service, Claude, to all partners across its audit, [...]
Bluesky bets on the end of X and Meta’s social media grip June 2, 2026 Social media is moving beyond platforms controlled by a “few billionaires”, according to Bluesky’s chief operating officer, as governments in the UK and Europe step up scrutiny of X, Meta, and other Big Techs. Speaking at SXSW London, Rose Wang said Bluesky was built in response to a social media market dominated by a handful [...]