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City AM
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City AM

Free London business newspaper covering UK Finance, business and technology.

City AM reported on 6 October 2026 that ASOS blamed a breach of customer names and contact details on a staff login obtained by impersonation. A week earlier the London paper put data centres at no less than 80 GW of Britain's grid queue.

Last refreshed: 18 October 2026 · Appears in 2 active topics

Key Question

Why did the UK's AI minister choose City AM to set out Britain's AI strategy?

Timeline for City AM

#14 6 Oct
#16 29 Sept
#12 15 Jul

Narayan and Harms split on sovereignty

UK Startups and Innovation
#2 14 Apr

Published UK Q1 2026 VC figures from Dealroom data

UK Startups and Innovation: UK Q1 VC hits $7.8bn, Nscale dwarfs rest
View full timeline →

Background

City AM is a free London business newspaper covering UK Finance, business and technology. It began as a print title handed out across the Square Mile and Canary Wharf, and most of its readers now reach it online.

Ministers and executives use the paper to put positions on the record. On 15 July 2026 AI minister Kanishka Narayan told City AM that Britain wants global AI leadership rather than a copy of Silicon Valley; Quantexa's John Harms replied that sovereignty needs governance control and data portability, not just UK-based hardware. On 6 October ASOS gave City AM its account of the breach: an unauthorised party had impersonated a trusted contact to obtain an employee's credentials. The paper also reported that ASOS shares fell by more than 13 per cent that day.

City AM also publishes the numbers that frame UK business debates. In April 2026 it reported Dealroom data showing British start-ups raised $7.8bn in the first quarter, with AI absorbing $5.8bn of that sum. On 29 September it cited Ofgem figures putting data centres at no less than 80 GW of the demand connection queue, and counted CX Tech's 1,000 MW request near Chapelcross as a record.

Common Questions
What is City AM?
City AM is a free London business newspaper, historically a print title and now published primarily online, covering UK Finance, business and technology.Source: City AM
Who did City AM interview about UK AI policy?
City AM interviewed AI minister Kanishka Narayan, who set out Britain's ambition to lead in AI, and carried a countering view from Quantexa's John Harms on data governance.Source: City AM
When did City AM publish the Narayan and Harms interview?
City AM published the interview on 15 July 2026.Source: City AM
Why did Quantexa's John Harms challenge the UK's AI sovereignty stance?
Harms argued in the City AM interview that sovereignty claims without governance control and data portability amount to vendor lock-in.Source: City AM

Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 18 October 2026. Editorial standards.