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As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace Replace Reeves if Starmer goes, voters tell Labour Right to Buy has been a huge success, of course the left hates it Regional bond revolution risks making Britain more unequal and less prudent Labour may not agree with Blair, but the public does… The world can’t keep consuming more than it produces If performance matters more than privilege then prove it Wayve: London robotaxis will make passengers forget there’s no driver Mandelson Files add insult to injury, but the patient was already beyond saving Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion Pension master trusts join forces to tackle outdated transfer systems Iran ‘pulls out of talks with US’ and threatens to strike Israel Anthropic files for IPO as race with OpenAI heats up ‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally Deloitte UK appoints first chief AI officer in drive for ‘AI-enabled’ services Private credit is crowded — but disciplined capital still knows where to look Squash players turn to social media to cash in on LA Olympic Games opportunities Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global Sadiq Khan: London tech boom can weather ‘dizzying’ AI risks New mixed gender trophy introduced for coming Hundred season Labour voters lead AI adoption as public remains split on impact North Highland Names Anthony Shaw Global Chief Executive Officer Vyond Appoints SaaS Industry Veteran Scott Ernst as Chief Executive Officer Winston Taylor Completes Historic Transatlantic Combination M&S chief’s pay slashed by £3m after cyberattack turmoil Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100 Stop and think before asking for a bigger salary Brits back Blair’s growth calls – yet are squeamish over welfare cuts Number of claims management firms halves after FCA clampdown Richard Desmond hit with £40m bill over ‘fanciful’ lottery feud Pub bosses warn tax hikes driving youth unemployment crisis UK manufacturing survives Iran war impact Labour sheds union member support to Reform, poll shows Private equity-backed Ryan triumphs in bidding for European tax adviser Svalner Atlas Wise shares plummet as money transfer firm faces fraud investigation KBRA Releases Research – European Fibre ABS: From Build-out to Securitisation Everbridge Expands Presence in Germany with New Munich Office Iran war triggers slump in selfies, ME Group warns Landlords rush to protect income over Renters’ Rights Act fears Ascensia Diabetes Care Expands CONTOUR® Portfolio with CONTOUR®COMFORT Pen Needles to Bring Greater Stability and Control to the Everyday Injection Experience Corient Completes Acquisitions of Stonehage Fleming and Stanhope Capital Group; Global Assets Surpass US$500 Billion Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid House prices fall again as property market ‘deteriorates’ Exclusive: Roland Garros star and ATP chief in £450,000 tennis fund raise Milburn NEET review: Anger crackles from the page but will Labour act? 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Tiktok falls under ban just as brands ramp up ad spend
Saskia Koopman · 2026-06-16 · via City AM

 |  Updated: 

Tiktok appeals to overturn US ban in a broader battle for tech regulation
TikTok says its advertising revenues are growing by 40 per cent

Tiktok’s UK ad business has been growing 40 per cent year on year, with brands increasing spending ahead of what the firm expected to be its biggest trading period on record. But that momentum now faces a test after Keir Starmer confirmed plans to plan under-16s from accessing the platform.

The social media giant, which has spent the past few years repositioning itself from a video-sharing app into a retail and advertising platform, said it would comply with the government’s plans, but warned that restrictions should be applied evenly across the sector.

The proposed legislation will prevent under-16s from accessing platforms including TikTok, Instagram, Snapchat, Facebook, YouTube and X, while ministers also plan restrictions on livestreaming, contact from strangers and some AI-powered features.

“We feel that any restrictions should be applied consistently across all companies so that younger users are not pushed to less-regulated parts of the internet,” Kris Boger, Tiktok’s UK head of sales, told City AM.

While Tiktok declined to speculate on the commercial impact of the ban, the changes would affect a generation of future users that brands and retailers have increasingly targeted through the platform’s advertising and shopping ecosystem.

“We’ve really shifted towards being a full-funnel marketing platform,” Boger said.

TikTok says its advertising revenues are growing by 40 per cent year on year, with search activity rising 47 per cent over the same period.

That shift has helped Tiktok attract bigger marketing budgets from retailers and consumer brands, particularly through Tiktok shop and creator-led advertising.

Last year’s Black Friday and Cyber Monday period saw sales on Tiktok shop jump 50 per cent year on year, with 27 products sold every second on the platform.

When Boger joined TikTok six years ago, the platform had fewer than five million monthly users in the UK. Today, the platform hosts over 40 million.

More importantly for advertisers, he argues, user behaviour has fundamentally changed: “When I joined, people were coming to TikTok and they were scrolling on the For You page and it was quite a passive consumption of content.”

“Now it’s much more active. One in four users search in the first 30 seconds when they come to TikTok.”

According to TikTok, there are now billions of searches conducted on the platform every day globally, with users increasingly treating it as a discovery tool for products or restaurants, as well as travel recommendations.

This shift has helped drive spending from brands looking for measurable sales rather than simple awareness campaigns. “Brands are under incredible commercial pressures,” Boger said. “We have to deliver results.”

The company is also betting heavily on the creator economy, having recently partnered with Visa on a creator debit card designed to help influencers access earnings faster, while FIFA has named TikTok its preferred video platform for the 2026 World Cup.

“We speak to brands about the importance of being authentic,” Boger said. “Creators enable that.”

The government’s ban raises wider questions about how creators and advertisers will adapt if younger audiences are removed from mainstream social networks.

And while Tiktok argues its role has expanded far beyond entertainment, ministers have concluded that the risks to children outweigh those benefits.

“This is a decision that is a societal one, and it’s one for Parliament,” Boger said. “We’ll comply with whatever they decide.”