GBP/USD 1.365 EUR/GBP 0.863 GBP/JPY 197.205 EUR/USD 1.178 GBP/AUD 2.083 USD/JPY 144.472 USD/CAD 1.361 AUD/USD 0.655 CAD/JPY 106.132 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.892 AUD/JPY 94.687 AUD/NZD 1.081 EUR/AUD 1.797 GBP/USD 1.365 EUR/GBP 0.863 GBP/JPY 197.205 EUR/USD 1.178 GBP/AUD 2.083 USD/JPY 144.472 USD/CAD 1.361 AUD/USD 0.655 CAD/JPY 106.132 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.892 AUD/JPY 94.687 AUD/NZD 1.081 EUR/AUD 1.797
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City A.M. • May 29, 2025

Barclays and HSBC shares jump after Trump’s legal blow

The increase in share prices for major UK banks reflects investor optimism following a legal setback to trade policies, suggesting potential positive impacts on their international...

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City A.M. • May 29, 2025

Avison Young loses over £100m for a second year as more jobs cut

The UK and European branches of Avison Young have reported significant pre-tax deficits exceeding £100 million for two consecutive years amid ongoing workforce reductions.

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City A.M. • May 29, 2025

Nvidia smashes forecasts – but China trade drag looms large

Nvidia’s strong quarterly revenue growth highlights robust demand, yet ongoing challenges in the Chinese market may impact future profitability and overall financial performance.

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City A.M. • May 29, 2025

PureGym: Losses near £90m amid huge expansion drive

PureGym reported a substantial pre-tax deficit of £88.5 million in the latest financial year, reflecting significant investments in workforce growth and new facility openings throu...

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City A.M. • May 29, 2025

Ghost Ship producer Adnams slashes losses

Adnams reported a notable reduction in its operating deficit alongside a modest rise in revenue, reflecting progress in its efforts to improve overall financial performance despite...

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City A.M. • May 29, 2025

Trump tariff policy in tatters after being ‘declared invalid’ by US court

A recent court ruling challenged the legality of executive actions underpinning global tariffs, potentially impacting trade policies and creating uncertainty for businesses affecte...

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City A.M. • May 29, 2025

Premier Miton: Asset manager faces tariff strain

Premier Miton experienced a decline in assets under management and increased net outflows during the first half of the financial year, reflecting reduced investor confidence in UK...

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City A.M. • May 29, 2025

Hiscox picks former Man Group boss as new chair

Peter Clarke’s appointment to Hiscox’s board is expected to bring experienced leadership that could influence the company’s strategic decisions and potentially impact its financial...

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City A.M. • May 29, 2025

Auto Trader: FTSE 100 giant passes major milestone as profit jumps

Auto Trader reported a significant increase in revenue and profit for the fiscal year ending March 2025, demonstrating resilience despite challenging economic conditions and rising...

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City A.M. • May 29, 2025

Hollywood Bowl: Ten-pin bowling operator raises dividend

The company’s decision to increase its dividend reflects steady income growth and confidence in its ongoing plans to expand operations across the United Kingdom.

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City A.M. • May 29, 2025

Mark Kleinman: AA float needs smart pricing to avoid breakdown

Successfully determining an appropriate valuation for the AA’s public offering is crucial to maximizing investor returns while maintaining confidence in the market during this chal...

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City A.M. • May 28, 2025

LTA commercial revenue up 40 per cent from expanded Queen’s Club event

The Lawn Tennis Association anticipates substantial growth in its commercial income next year due to the enlarged Queen’s Club tournament and a series of newly established business...

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City A.M. • May 28, 2025

Crypto deals in sport up 20 per cent to over £400m

Investment from blockchain-related companies in sports sponsorships has grown by one-fifth, reaching more than £400 million, largely fueled by increased activity within the footbal...

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City A.M. • May 28, 2025

Shein eyes Hong Kong for IPO as London listing stalls

Shein’s shift towards a Hong Kong public offering reflects its strategic effort to raise capital and expand financial presence after encountering regulatory obstacles in pursuing a...

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City A.M. • May 28, 2025

Government slashes red tape to tackle housing crisis

Reducing regulatory barriers aims to accelerate housing development by smaller firms, potentially lowering costs and increasing availability, which could influence market dynamics...

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City A.M. • May 28, 2025

Businesses rethink legal strategy as costs of lawyers surge

Companies are allocating more legal responsibilities to internal departments to manage rising expenses associated with external legal services and maintain better control over thei...

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City A.M. • May 28, 2025

HMRC review signals potential pension tax changes in Autumn

A government review of workplace retirement plans may lead to adjustments in tax advantages for pension contributions, potentially affecting the savings and financial planning of i...

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City A.M. • May 28, 2025

AIM to shed billions as market projected to shrink by a fifth 

The alternative investment market is expected to experience a substantial decline in value due to numerous companies planning to leave, resulting in a significantly reduced overall...

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City A.M. • May 28, 2025

Google faces £25bn UK lawsuit over ad monopoly claims

A legal case against Google in the UK alleges that its control over online search advertising has resulted in inflated costs for advertisers, leading to a potential financial liabi...

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City A.M. • May 28, 2025

John Lewis gets green light to build hundreds of homes in West Ealing

The approval to construct numerous residential units in West Ealing represents a strategic move by the company to generate stable rental income and reduce dependence on traditional...

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City A.M. • May 28, 2025

The best Stocks and Shares ISAs

Stocks and Shares ISAs provide a tax-efficient method to grow investments, with potential returns varying based on market performance and the specific provider chosen to suit an in...

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City A.M. • May 28, 2025

Twinings: Profit jumps to almost £100m at tea brand

The London-based tea company experienced notable financial improvement over the past year, with pre-tax earnings rising to nearly £100 million due to strong expansion within the Un...

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City A.M. • May 28, 2025

Stellantis: Vauxhall owner picks former Jeep boss as chief executive

The appointment of Antonio Filosa as chief executive is expected to influence Stellantis' strategic direction and financial performance during a critical period marked by recent ch...

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City A.M. • May 28, 2025

UK fintech Starling’s profit tumbles as regulatory failings linger

Starling's annual pre-tax profit declined due to increased operating expenses and heightened competition in the fintech sector, reflecting challenges in maintaining profitability a...

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City A.M. • May 28, 2025

Grocery inflation jumps to highest level in more than a year

The recent increase in grocery costs, propelled by higher prices in items like chocolate and sun care, indicates growing expenses that may impact household budgets and overall cons...

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City A.M. • May 28, 2025

DIY demand boosts sales at B&Q and Screwfix owner

Increased consumer interest in home improvement products contributed to a moderate revenue growth for Kingfisher, supporting its financial performance across multiple markets durin...

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City A.M. • May 28, 2025

McKinsey slashes 10 per cent of jobs in major overhaul

The decision to reduce staffing by a significant margin reflects the firm’s strategic shift toward improving financial performance following a period of rapid growth during the pan...

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City A.M. • May 28, 2025

Thames Water slapped with historic £123m fine from Ofwat

The £123 million penalty imposed on Thames Water by the regulator reflects significant financial consequences stemming from violations related to wastewater management and dividend...

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City A.M. • May 28, 2025

Pets at Home: Demand for vet services soars

Pets at Home experienced a significant increase in profitability from its veterinary division, which helped offset a decline in retail profit, resulting in overall stable revenue c...

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City A.M. • May 28, 2025

Spending in pubs surges as Brits flock to beer gardens

In April, increased consumer preference for outdoor venues contributed to a notable rise in pub revenues, with overall hospitality sales also experiencing moderate growth compared...

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