City law firms ‘sleepwalking into a crisis’ over AI overreliance June 18, 2026 As legal tech valuations skyrocket, and AI dominates the airwaves, City law firms have been warned they are ‘sleepwalking into a crisis of judgment’ by treating AI as a definitive authority rather than a collaborative tool. A report by Positive Group, exclusively shared with CityAM, stated that the legal sector faces a potential crisis [...]
Exclusive: O2 Arena bosses pitch to host another Formula 1 launch event June 18, 2026 O2 Arena bosses have pitched to host another Formula 1 launch event if the motor racing series decides to repeat its popular pre-season showpiece. To celebrate its 75th season, Formula 1 staged a sell-out event at the 20,000-capacity O2 in Greenwich, with all teams showing off their cars alongside music from the likes of Machine Gun [...]
Interest rates next change ‘far more likely down than up’ June 18, 2026 Interest rates are set to be held on Thursday in what some analysts believe could be a split decision as two Bank of England officials could back a 25 basis point hike. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent, though some members could back a [...]
City investors raise alarm on Burnham’s Chancellor pick June 18, 2026 Andy Burnham’s bid to return to parliament poses a risk to financial markets, City analysts have warned, as his next pick as Chancellor could heavily sway traders’ views. City analysts have said they will be closely watching out for developments on Friday as results from the Makerfield by-election emerge in the early hours of the [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation June 18, 2026 Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Exclusive: London in talks to host return of sumo at Royal Albert Hall June 18, 2026 Sumo wrestling could return to the Royal Albert Hall by the end of the decade as talks between London and Tokyo edge towards a deal, CityAM can reveal. London Mayor Sadiq Khan met the Japan Sumo Association in Tokyo this week following on from last year’s give-day Basho at the iconic Kensington arena. It [...]
Kemi Badenoch can still woo the City June 17, 2026 Just under a year ago I sat down with Kemi Badenoch to talk through her plans to win over the City. I left the interview with little to report back. “We are looking at everything,” Badenoch told me at the time. “Our policy renewal programme is trying to get us to a place where we [...]
Hydration breaks: World Cup ad cost could eclipse Super Bowl’s $7m price tag June 17, 2026 Ads during hydration breaks at the Fifa World Cup final could cost more than a Super Bowl commercial, according to one of the world’s biggest advertising groups. This year’s World Cup in North America and Mexico has introduced a drinks break during each half of football, effectively cutting the game into quarters, like many US [...]
John Healey’s principles will cost UK defence companies June 17, 2026 Defence secretary John Healey supposedly quit for British industry, but he has inadvertently handed the main win to its competitors.
Jaguar Land Rover eyes cost-cutting and wealthy buyers in cyber attack recovery June 17, 2026 Jaguar Land Rover (JLR) plans to cut costs by £1.7bn and appeal to wealthy American petrol heads in a bid to recover the cost of last year’s devastating cyber attack. The British car maker, which owns brands including Range Rover and Defender, announced plans to tap into growing demand for luxury products and cater to [...]