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News

  • January 28, 2025

Boeing suffers second-biggest yearly loss in its history

Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tues

  • January 28, 2025

People demand better data protection from businesses

Most people are apprehensive about how their data is used, with trust in businesses at a worryingly low rate

  • January 28, 2025

DeepSeek: US AI tech giants face ‘Sputnik moment’ which could start new race

The rapid rise of Chinese AI startup DeepSeek has been described as the US tech sector’s ‘Sputnik moment’ which “may well kickstart a new, even more energetic race”. US tech stocks took a

  • January 28, 2025

Phoenix to restructure pensions business as Standard Life boss retires

Phoenix Group is set to merge its pension solutions and asset management arms this year in a bid to rein in costs, as the boss of its Standard Life brand retires from the company after five years. In

  • January 28, 2025

London law firm ‘acted appropriately’ for Putin’s warlord Prigozhin

The legal regulator is reported to “have decided to take no further action” against law firm Discreet Law which acted for the former leader of leader of Wagner Group, Yevgeny Prigozhin. As reveale

  • January 28, 2025

CT Group appoints Baroness Helena Morrissey as non-executive

Sir Lynton Crosby's consulting firm CT Group has appointed Baroness Helena Morrissey as a non-executive director, City AM can exclusively reveal

  • January 28, 2025

HSBC set to wind down UK, European and US investment banking arms

HSBC is set to wind down parts of its investment banking operations across the UK, Europe and North America as part of a sweeping global restructuring plan under new chief executive Georges Elhedery.

  • January 28, 2025

Trainline on track for European expansion as state-backed rival nears

The boss of Trainline has outlined his European expansion plans as the online ticket giant faces government-backed competition at home.

  • January 28, 2025

CMA chair pledges to speed up decision-making after government backlash

The new chair of the competition watchdog has pledged to speed up its decision making and bring in outside expertise as part of plans to reshape the agency following months of criticism. Doug Gurr, a

  • January 28, 2025

Smiths Group: Shares fall as engineering giant hit by cyber attack

Global engineering firm Smiths Group has reported a cyber security incident involving unauthorised access to its systems. Upon detecting the breach, the firm promptly isolated the affected systems and

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