GBP/USD 1.364 EUR/GBP 0.861 GBP/JPY 197.882 EUR/USD 1.175 GBP/AUD 2.077 USD/JPY 145.032 USD/CAD 1.358 AUD/USD 0.657 CAD/JPY 106.766 EUR/CAD 1.596 GBP/CAD 1.853 AUD/CAD 0.892 AUD/JPY 95.265 AUD/NZD 1.083 EUR/AUD 1.788 GBP/USD 1.364 EUR/GBP 0.861 GBP/JPY 197.882 EUR/USD 1.175 GBP/AUD 2.077 USD/JPY 145.032 USD/CAD 1.358 AUD/USD 0.657 CAD/JPY 106.766 EUR/CAD 1.596 GBP/CAD 1.853 AUD/CAD 0.892 AUD/JPY 95.265 AUD/NZD 1.083 EUR/AUD 1.788
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News from City A.M.

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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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City A.M. • May 28, 2025

Forget tariffs – this US tax law could be just as damaging for UK exports

The implementation of new US tax regulations aimed at countries with perceived tax advantages may pose substantial challenges to UK service exports and impact international tax col...

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City A.M. • May 28, 2025

UK public spending will swell to more than half of GDP, IMF warns

According to the IMF, government expenditures in the UK are expected to rise substantially, exceeding fifty percent of the nation's economic output and necessitating difficult fisc...

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City A.M. • May 27, 2025

Shark Tank star Mark Cuban joins $750m private equity sports fund

Mark Cuban’s involvement in a $750 million private equity fund targeting minority investments in major American sports leagues highlights growing investor interest in the expanding...

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City A.M. • May 27, 2025

Jupiter Fund Management stock price upgraded by City broker

The recent adjustment in analyst rating and increased price target by Peel Hunt reflects growing investor confidence in Jupiter Fund Management’s efforts to improve efficiency, lea...

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City A.M. • May 27, 2025

Labour tax hikes drive steepest fall in retail sentiment since Covid

Increased taxation on businesses and ongoing trade tensions have significantly undermined retailer confidence, resulting in the largest decline in optimism observed in the UK marke...

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City A.M. • May 27, 2025

EU firms should move plants to UK to avoid tariff ‘flare ups’

European companies increasing production in the UK may help minimize additional costs related to recent US trade tariffs, potentially improving their competitive position in the tr...

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City A.M. • May 27, 2025

The Guardian slashes losses amid record sales following The Observer deal

The media company improved its financial position by significantly reducing deficits and increasing revenue to approximately £275 million during the fiscal year ending March 2025,...

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City A.M. • May 27, 2025

IMF upgrades UK growth forecasts despite tariff turmoil

The improved economic outlook for the UK indicates a modest increase in output, which may positively influence investment decisions and fiscal planning despite ongoing trade uncert...

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City A.M. • May 27, 2025

FTSE 100 nears record high but Trump threat lingers

The UK’s leading stock index approached a historic peak due to recent gains, though concerns over potential new U.S. tariffs continue to create uncertainty in the market.

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