AI in banks? It’s all marketing and FOMO Banking As banks are rush to beef up their AI capacity Samuel Norman recounts the sentiment shared across the industry at a conference in Copenhagen last week. Like all sectors, banks are chasing the promises of AI. The industry is shrugging off growing fears around job losses and rushing to beef up their AI credentials. Last [...]
The first tech wobble of 2026 revives AI bubble fears Tech Following a swell of AI bubble scepticism at the back end of 2025, this year’s first market wobble has arrived early, landing squarely on global tech stocks. When Anthropic released a new AI tool designed to help in-house legal teams triage agreements and draft routine responses, the reaction trickled down through law firms straight into [...]
Salesforce: UK profit surges as 300 jobs lost Tech The UK division of Salesforce has made another huge round of job cuts as its profit jumped by 65 per cent during its latest financial year. The firm’s headcount fell from 2,964 to 2,673 in 2024, new accounts filed with Companies House have revealed. The reduction comes after Salesforce also cut more than 450 jobs [...]
This is why London-listed companies are undervalued – Sage CEO October 13, 2025 Businesses listed on the London Stock Exchange need to tell their stories better and deliver for investors if they are to boost their valuations, the CEO of FTSE 100 technology giant Sage has said. Steve Hare, speaking on an up-coming episode of CityAM‘s Boardroom Uncovered, said a lower number of competitors listed in London [...]
UK businesses wasting millions on ChatGPT-style AI tools October 10, 2025 Companies could be wasting millions on AI tools like ChatGPT, Microsoft Copilot, and Claude as they rush to boost productivity. MIT’s State of AI in Business 2025 study found that while employees in over 90 per cent of companies regularly use personal AI tools, only 40 per cent of organisations have official LLM subscriptions. Despite [...]
Profit at FTSE 100 supplier Workday almost doubles November 11, 2024 Profit at the UK arm of software giant Workday almost doubled during its latest financial year, it has been revealed. The US group’s division has reported a pre-tax profit of $39.5m (£30.6m) for the 12 months to 31 January, 2024, according to newly-filed accounts with Companies House. The new figure comes after the firm posted [...]
Alfa Financial keeps full year forecast amid lower software revenue July 24, 2024 Asset finance software company Alfa Financial Software has maintained its full year revenue forecast in a preliminary trading update for the first half of the year. The FTSE 250 firm said it continues to expect mid to high single digit revenue growth for the full year. Its total contract value (TCV) in the second quarter of 2024 [...]