UK backs global AI safety plan with AWS and Anthropic July 30, 2025 The UK has launched a new global research coalition aimed at tackling one of the most pressing but least understood problems in artificial intelligence – ensuring that advanced AI systems behave in ways aligned with human values. Backed by £15m in funding and a wide-ranging group of partners, the so-called ‘Alignment Project’ was unveiled on [...]
Revolut enters F1 with title sponsorship of new Audi team July 30, 2025 Revolut has announced its entry into Formula 1 as title partner of the new Audi F1 team, which will compete from next year. The partnership has been described as long-term and will see the fintech giant – currently the subject of a clash between Chancellor Rachel Reeves and Bank of England boss Andrew Bailey – [...]
Klarna receives regulatory approval to take on Monzo and Revolut July 30, 2025 Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut. The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch. Abby Vickers, Klarna’s head [...]
Rathbones profit drops but second half growth expected July 30, 2025 Profit at Rathbones suffered due to weak markets and an increase in costs,but it maintains its growth forecast for 2025. The wealth manager’s results, which were broadly in line with analyst expectations, revealed that underlying profit before tax declined to £107.7m from £112.1m, while net outflows hit £1bn up from £0.6bn. This was due to [...]
Revolut mulling plans to take on China’s fintech giants July 30, 2025 UK fintech juggernaut Revolut is weighing expansion into China in a move that would see the company take on the likes of Ant Group-owned Alipay and Wechat. The firm told investors on a pitchdeck during its secondary share sale last year it was assessing “hiring, licensing [and] scoping” opportunities in China. The fintech was also [...]
BAE shares slip despite guidance upgrade July 30, 2025 BAE shares slipped in early morning trade on Wednesday despite Britain’s biggest defence business upgraded its earnings guidance. The FTSE 100 firm increased its full year sales forecasts to growth of 8-10 per cent, up from 7-9 per cent, with underlying pre-tax earnings set to grow 9-11 per cent, up from 8-10 per cent. However, [...]
Slater and Gordon sheds 150 jobs as it returns to profit July 30, 2025 Law firm Slater and Gordon shed 150 jobs as it returned to profit during its latest financial year, it has been revealed. The Manchester-headquartered business has reported a pre-tax profit of £5.9m for 2024, according to new accounts filed with Companies House. The profit comes after the firm fell to a pre-tax loss of £2.9m [...]
Rival Telegraph bid ‘ready to go’, says hedge fund tycoon July 30, 2025 City financier Jeremy Hosking has said his rival bid for Telegraph is ready to go, putting the hedge fund tycoon head to head with US private equity giant Redbird Capital Partners. Hosking plans to commit £100m of his own money into the newspaper group if his bid with The New York Sun owner Dovid Efune [...]
Santander UK axes jobs and branches in transformation overhaul July 30, 2025 Santander UK recorded a surge in provisions as the bank powered forward with its transformation strategy slashing its branch network and shedding workers. The bank said provisions for other liabilities and charges were up 74 per cent to £249m driven by “higher transformation related charges”. The lender listed losses and provisions as rising 119.8 per [...]
Exclusive: Arsenal star joins athlete investors in UK fitness brand Hytro July 30, 2025 Arsenal star Jurrien Timber has joined a growing group of athletes investing in Hytro, the UK-based blood flow restriction brand used by leading sports teams and space missions. Timber, his twin brother Quinten, who is also a Netherlands international, and NFL player Benjamin St-Juste, a cornerback for the LA Chargers have all made investments via [...]
