‘Ugly moment’ for software stocks as IBM suffers biggest one-day slump in decades Tech IBM shares are poised to suffer one of their worst-ever trading days after the tech giant warned customers were diverting spending away from software and into AI infrastructure. The warning wiped more than $50bn (£37bn) from IBM’s market value, sending the stock down more than 20 per cent and putting it on course for its [...]
Consulting giants face up to AI-reckoning Consulting Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]
IBM’s consulting chief warns AI will ‘implode’ unprepared rivals Consulting IBM Consulting, under Mohamad Ali, claims to have surged ahead in AI by pioneering a human-plus-digital workforce and transforming its own operations before selling innovative solutions to clients, leaving less-prepared consulting rivals scrambling to keep up, writes Maria Ward-Brennan. IBM’s consulting chief, Mohamad Ali, warns that AI will “implode” unprepared rivals, claiming the group has [...]
IBM: AI adoption stalls as UK businesses lack clear strategy April 10, 2026 UK businesses are adopting AI at a pace, but many are still struggling to convert that momentum into real, meaningful financial returns. According to IBM’s Race for ROI study, 66 per cent of British enterprises report significant productivity improvements from AI, with 63 per cent of senior leaders citing noticeable efficiency gains post-adoption. There seems [...]
Cyberattacks jump as AI targets weak security, says IBM February 25, 2026 Cybercriminals are leaning harder on the simplest ways into company networks, and using AI tools to do it quicker, IBM has warned. In its 2026 X-Force Threat Intelligence Index published on Wednesday, IBM said it saw a 44 per cent rise in attacks that started by breaking into internet-facing systems, like public websites and online [...]
Why the UK is losing the AI skills race February 16, 2026 What's the use in being the third largest AI market in the world if our workforce doesn't know how to use it, asks IBM's Leon Butler.
IMG’s three sports sponsorship trends to watch in 2026 December 31, 2025 Look out for higher demands on AI, more prediction markets and greater sophistication in women’s sport sponsorships next year, says IMG partnerships expert Sam Galet. As we close out 2025 and look ahead to 2026, the sports business landscape is once again at an inflection point. Rightsholders, brands and agencies are all asking the same [...]
Black interns fill Emirates to mark charity milestone October 24, 2025 Thousands of black professionals packed out the Emirates Stadium on Thursday to celebrate the 10,000 Interns Foundation achieving its mission just five years on from being established in 2020. The non-profit organisation, which works with major employers to improve opportunities for underrepresented talent Britain, managed to fill the Arsenal ground with 10,000 current interns, alumni [...]
IBM sheds nearly 400 UK jobs as profit slashed July 22, 2025 IBM shed almost 400 jobs in the UK in 2024, it has been revealed, as its profit was slashed by nearly a quarter. The UK arm of the US giant saw its headcount reduce in the 12 months from 7,309 to 6,920, new accounts filed with Companies House show. The fall in headcount in 2024 [...]
No jobs in 30 years? UK tech leaders push back on Musk’s AI claims June 10, 2025 Elon Musk’s bleak prediction that “there’s not going to be any jobs for anyone” in 30 years has come under heavy fire from some of the UK’s leading AI figures at London Tech Week. Instead of sounding an alarm for mass unemployment, UK experts argued for transformation and a new focus on control over AI, [...]