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 17, 2025

Moody’s cuts America’s pristine credit rating, citing rising debt

The downgrade of the United States’ credit status reflects increasing fiscal challenges, potentially raising borrowing costs and influencing international investor confidence amid...

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City A.M. • May 17, 2025

Chancellor Rachel Reeves warned against slashing cash ISA allowance

Reducing the annual tax-free savings limit for cash ISAs could significantly impact individual saving habits and the broader investment landscape by shifting funds from low-risk ac...

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City A.M. • May 16, 2025

Boss of King Charles property portfolio in talks with old firm for slice of HS2 Euston

The Crown Estate is negotiating to acquire a significant portion of a major infrastructure project, which could impact its investment portfolio and influence future returns from pr...

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City A.M. • May 16, 2025

France scrum-half Antoine Dupont invests in US rugby club

Antoine Dupont’s stake in RFC Los Angeles represents a strategic financial move that could enhance cross-continental rugby collaborations and potentially increase the league’s mark...

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City A.M. • May 16, 2025

PHP makes surprise third approach for Assura at £1.68bn

Primary Health Properties' latest bid of £1.68 billion for Assura represents a significant premium over recent market value, highlighting increased competition and potential value...

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City A.M. • May 16, 2025

Safe as houses? Landsec bets on build-to-rent

Landsec is shifting its focus from commercial office spaces to residential development, anticipating more stable returns driven by sustained demand and demographic changes in the h...

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City A.M. • May 16, 2025

Newcastle United and Fulham warned by Gambling Commission

Several football teams, including Newcastle United and Fulham, face potential financial repercussions after regulatory authorities raised concerns about their partnerships with a b...

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City A.M. • May 16, 2025

Ofwat: Water regulator courts investors with refreshed PFI deals

Ofwat aims to attract over £50 billion for essential water infrastructure improvements by offering private investors assured returns, limited risks, and government-backed financial...

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City A.M. • May 16, 2025

Natwest: Government set to sell stake in FTSE 100 giant by June

The planned disposal of the UK government’s remaining shares in a major financial institution could impact market dynamics and reflects ongoing efforts to reduce public sector invo...

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City A.M. • May 16, 2025

Rolls-Royce: FTSE 100 shares reach record high as £70bn valuation nears

Rolls-Royce's increasing share price has significantly boosted its market capitalization, bringing the company closer to a valuation of £70 billion and reflecting investor confiden...

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City A.M. • May 16, 2025

One in ten Brits have no cash savings, City regulator says

According to recent research by the Financial Conduct Authority, a significant portion of the population may lack sufficient financial resources to handle unexpected expenses, high...

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City A.M. • May 16, 2025

Rachel Reeves’ tax hikes to cost Timpson £12m extra a year

The recent adjustments to employer National Insurance and minimum wage rates are expected to increase operational expenses for Timpson’s company by approximately £12 million annual...

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City A.M. • May 16, 2025

Landsec boosts profit amid residential and retail pivot

Landsec reported increased earnings driven by a shift in its property holdings, with profit before tax rising to £395 million alongside substantial planned investments in the retai...

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City A.M. • May 16, 2025

Future: Go Compare owner announces share buyback

The company’s decision to repurchase shares reflects confidence in its stable profitability and cash flow, following a period of consistent operating earnings despite a slight decr...

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City A.M. • May 16, 2025

EY’s £2bn legal fight over NMC Health audits

EY is involved in a major legal dispute related to its auditing practices for a former health company that experienced significant financial collapse amid fraud accusations, potent...

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City A.M. • May 16, 2025

Org Group acquires UK tech recruitment firm in global expansion

The acquisition of the Manchester-based recruitment company enhances Org Group’s international reach and service offerings, potentially increasing revenue streams and market compet...

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City A.M. • May 16, 2025

Sofas and season tickets: Inside the world of retail finance

The growth of consumer finance in early 2025 highlights opportunities for niche lenders to expand their market presence as traditional banks reduce involvement in retail credit.

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City A.M. • May 16, 2025

Starmer seeks UK-EU ‘reset’ – is another Brexit row looming?

The upcoming London summit aims to address key economic and trade issues between the UK and EU, potentially influencing market stability and investment confidence in both regions m...

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City A.M. • May 16, 2025

Is Labour’s Planning Bill putting private equity at risk?

The proposed changes in the Planning and Infrastructure Bill have raised concerns among investors about potential impacts on funding opportunities and the stability of private equi...

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City A.M. • May 15, 2025

Holland & Barrett: Huge losses continue despite sales surge

Despite increased revenue from rising sales, Holland & Barrett has reported substantial pre-tax losses for the second consecutive year, indicating ongoing financial challenges for...

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City A.M. • May 15, 2025

Fifa cheered by ECJ backing in agent fees row – but ‘far from unilateral win’

The European Court of Justice's preliminary support for regulating intermediaries’ commissions could influence financial controls within football transfers, though the final ruling...

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City A.M. • May 15, 2025

Cyber attack: Coinbase warns of $400m hit after data breach

Coinbase revealed that a recent cyber intrusion affecting a limited number of user accounts may result in financial losses ranging from $180 million to $400 million, impacting its...

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City A.M. • May 15, 2025

City veteran Lord Rose ‘horrified’ by slow growth under Labour

Stuart Rose expressed concern over the UK’s sluggish economic progress under current policies, highlighting the potential impact on business confidence and overall financial stabil...

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City A.M. • May 15, 2025

North Korean hackers use fake WFH jobs to infiltrate UK firms

The cyberattacks targeting UK companies through fraudulent remote job applications pose significant financial risks, including potential data breaches, operational disruptions, and...

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City A.M. • May 15, 2025

Why are Brits hoarding cash?

A substantial portion of British investors’ wealth remains in readily accessible cash, reflecting a preference for liquidity and perceived safety instead of pursuing potentially hi...

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City A.M. • May 15, 2025

Tax cost hikes and digital red tape could push landlords to sell up

Increased taxation and expanding digital compliance requirements may raise expenses for property owners, potentially encouraging some to exit the rental market and thereby affectin...

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City A.M. • May 15, 2025

Analysts say ‘Buy’ Vanquis shares after payday loan turnaround

Market experts have recommended purchasing Vanquis stock following improvements in the company's performance within the high-risk lending sector, which has previously faced signifi...

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City A.M. • May 15, 2025

Rental crisis to worsen in the next decade, says UK’s biggest landlord

The increasing disparity between rising rental demand and limited housing availability is expected to drive higher costs and financial challenges for tenants and investors across t...

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City A.M. • May 15, 2025

Natwest: Shares in FTSE 100 giant smash decade high

Natwest’s stock reached its highest level in ten years, reflecting growing investor confidence as the government steadily reduces its ownership in the prominent FTSE 100 bank this...

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City A.M. • May 15, 2025

Why Trump tariffs could be a disaster movie for Hollywood

The increased tariffs may lead to higher production costs for American films, potentially driving studios to seek more affordable locations abroad, which could negatively impact th...

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