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According to exclusive insights provided to City A.M. by cybersecurity firm ESET, UK businesses are set to generate an estimated £27 billion in extra annual revenue from their investments in cybersecurity. This research surfaces in the wake of a rise in cyberattacks targeting significant organizations across the nation, underlining the vital commercial and operational importance…
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A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely…
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Quinbrook Infrastructure Partners, an investor concentrating on energy transition, has unveiled several new executive appointments, notably naming Brian Restall as its first-ever Global CEO. The firm also announced the appointments of Giulia Siccardo as Managing Director and Regional Leader for North America, and Kathryn Lin as Senior Director, spearheading Quinbrook’s digital infrastructure strategies. The company…
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BT boss Allison Kirkby signals more job losses could follow AI rollout.
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Nasdaq, the technology and exchange giant in capital markets, has announced the establishment of the Nasdaq Carbon Academy. This free educational platform aims to furnish individuals with the necessary skills to blend carbon dioxide removal (CDR) credits into businesses’ emissions mitigation strategies. As the demand for carbon offset initiatives and associated credits is projected to…
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Meta’s foray into consumer-oriented AI has raised alarms among privacy advocates and regulators, as its latest chatbot application subtly reveals sensitive user information through a public feed—an issue recognized in multiple regions, including the UK. Introduced in April, the independent Meta AI app seamlessly connects with users’ Facebook and Instagram accounts, enabling both private and…
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The Science Based Targets initiative (SBTi) has unveiled its initial draft of the Automotive Sector Net-Zero Standard, designed to assist car manufacturers and auto parts suppliers in setting science-based net-zero goals in alignment with global climate change targets. Established in 2015, SBTi aims to make science-based environmental target setting a standard practice for businesses. The…
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The series of tax hikes introduced by Chancellor Rachel Reeves in her Autumn Budget last year has contributed to a spike in pubs going bust across the UK in April, according to new figures. A total of 67 pubs closed down during the month – the highest number since July 2024 when 75 entered insolvency…
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The Basel Committee on Banking Supervision, the core global authority for setting banking standards and policies, has unveiled a new framework for regulators to disclose climate-related risks by banks. However, under pressure from the US, the committee opted to make the framework voluntary, potentially diluting its original aim of a mandatory Pillar 3 disclosure framework…
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British manufacturers are turning away from the US due to rising tariffs and trade uncertainty, with Make UK forecasting a 0.2% contraction in 2025 and warning of looming de-industrialisation. Read more: British manufacturers turn their backs on US as export market amid Trump-era trade turmoil
