GBP/USD 1.360 EUR/GBP 0.861 GBP/JPY 199.441 EUR/USD 1.171 GBP/AUD 2.082 USD/JPY 146.663 USD/CAD 1.368 AUD/USD 0.653 CAD/JPY 107.188 EUR/CAD 1.603 GBP/CAD 1.861 AUD/CAD 0.894 AUD/JPY 95.778 AUD/NZD 1.088 EUR/AUD 1.793 GBP/USD 1.360 EUR/GBP 0.861 GBP/JPY 199.441 EUR/USD 1.171 GBP/AUD 2.082 USD/JPY 146.663 USD/CAD 1.368 AUD/USD 0.653 CAD/JPY 107.188 EUR/CAD 1.603 GBP/CAD 1.861 AUD/CAD 0.894 AUD/JPY 95.778 AUD/NZD 1.088 EUR/AUD 1.793
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News from City A.M.

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City A.M. • Jun 26, 2025

Are the wheels falling off the Bitcoin treasury play?

Several diverse companies across different industries have recently incorporated Bitcoin into their financial strategies, indicating a broader interest in cryptocurrency as part of...

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City A.M. • Jun 26, 2025

Private equity eyes legal market, but not all law firms are viable for investment

Private equity firms are increasingly considering investments in the legal sector due to its profitability, although only certain law firms meet the financial and operational crite...

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City A.M. • Jun 26, 2025

Tories vow to rip up workers’ rights package

If implemented, the proposed changes could significantly impact labor market regulations, potentially affecting costs for businesses and influencing investor confidence in the coun...

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City A.M. • Jun 26, 2025

The investment industry has three asks for Reeves’ Mansion House speech

The upcoming Mansion House speech is seen as a crucial opportunity for the government to address key conditions that could influence growth and stability within the financial servi...

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City A.M. • Jun 26, 2025

Have developed countries discovered the ideal corporate tax rate?

Many developed nations appear to have converged on a moderate corporate tax level near 25 percent, reflecting a significant shift toward harmonized fiscal strategies with substanti...

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City A.M. • Jun 26, 2025

How thriving, free-market Hong Kong came under the boot of communist China

The transfer of Hong Kong's sovereignty to China marked a major financial shift, affecting global markets by altering the region’s economic policies and investor confidence in a ke...

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City A.M. • Jun 26, 2025

Retail is now the most distressed sector in Europe

The retail and consumer goods sector in Europe is experiencing unprecedented financial challenges due to rising costs, elevated interest rates, and weakened consumer spending, sign...

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City A.M. • Jun 26, 2025

City sends an SOS to fix London markets ‘before it’s too late’

Concerns about the stability of London’s financial markets have intensified as a major trading company highlights emerging risks, prompting calls for urgent measures to protect the...

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City A.M. • Jun 25, 2025

Shell denies BP takeover reports

The denial of acquisition discussions between the two major energy companies influenced investor sentiment, leading to notable fluctuations in BP’s stock value amid speculation abo...

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City A.M. • Jun 25, 2025

Saving British Steel leaves taxpayers with £900m bill

The government’s intervention to support British Steel is expected to result in nearly £900 million in public expenses, raising concerns about the country’s limited budget flexibil...

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City A.M. • Jun 25, 2025

Brave Bison’s new deal signals rising EdTech trend

Brave Bison’s £19 million acquisition of MiniMBA represents its largest investment so far, highlighting the company’s growing focus on expanding its offerings within the profession...

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City A.M. • Jun 25, 2025

Boardroom Uncovered: Can Motorway change how the UK views used cars?

Tom Leathes discussed the potential impact of Motorway’s public listing on the London Stock Exchange, highlighting how this move could influence investor perception and market dyna...

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City A.M. • Jun 25, 2025

Crypto exchange to tokenise motor finance claims

Bitfinex Securities announced a £100 million tokenised equity offering aimed at supporting legal actions related to the motor finance sector, highlighting a novel approach to fundi...

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City A.M. • Jun 25, 2025

Could Motorway be set for a blockbuster London IPO?

Motorway's potential decision to launch an initial public offering in London could attract significant investment and impact the company’s valuation within the competitive automoti...

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City A.M. • Jun 25, 2025

The best current account switch offers

Reviewing and changing your current account can lead to improved financial benefits, such as better interest rates, lower fees, and potential rewards that enhance overall money man...

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City A.M. • Jun 25, 2025

What does Labour’s industrial strategy really mean for UK tech?

Labour’s newly introduced decade-long plan aims to revitalize the UK technology sector by providing targeted support and addressing structural economic challenges that have hindere...

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City A.M. • Jun 25, 2025

What’s behind the post-pandemic tumble in Diageo and Pernod Ricard shares?

The notable decline in the stock prices of these leading beverage corporations reflects broader market challenges and investor concerns impacting their financial performance over t...

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City A.M. • Jun 25, 2025

Don’t let ticket resale price caps ruin the party this festival season

Imposing limits on secondary ticket prices may inadvertently increase fraudulent activities, potentially causing greater financial losses within the live event market during the up...

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City A.M. • Jun 25, 2025

Liontrust profit slides after billions more outflows

Liontrust experienced a significant decline in earnings due to substantial client withdrawals, resulting in a nearly 30% reduction in adjusted pre-tax profit for the fiscal year en...

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City A.M. • Jun 25, 2025

BGF: Profit almost doubles at major UK investor

The Business Growth Fund experienced a significant increase in pre-tax earnings this year, rising to £131.1 million from £67.9 million in the previous year, driven by multiple succ...

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City A.M. • Jun 25, 2025

Wizz Air CEO gets huge bonus despite tumbling shares and profit

The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...

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City A.M. • Jun 25, 2025

Bella Italia owner slashes losses after shedding 700 jobs

The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.

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City A.M. • Jun 25, 2025

Profit surges at Richard Desmond’s empire ahead of UK lottery court battle

Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...

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City A.M. • Jun 25, 2025

THG shares jump as MyProtein owner returns to revenue growth

The company experienced increased sales in its key divisions, boosting investor confidence and contributing to a notable rise in its stock value prior to the annual general meeting...

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City A.M. • Jun 25, 2025

Lego: Profit spikes as sales pass major milestone

The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.

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City A.M. • Jun 25, 2025

Asda loses £600m amid major turnaround plan

Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...

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City A.M. • Jun 25, 2025

Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub

Tritax Big Box’s acquisition of Warehouse REIT for £485 million reflects a strategic investment in the logistics sector, highlighting competitive dynamics among major investors see...

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City A.M. • Jun 25, 2025

Halfords to shut garages amid growing cost pressures

Facing rising operational expenses driven by recent fiscal policies, Halfords plans to discontinue certain service locations, a move that has contributed to a slight decline in its...

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City A.M. • Jun 25, 2025

Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence

Babcock experienced substantial financial growth with an 11 percent rise in revenue to £4.8 billion and a significant boost in operating profit, reflecting its expanding role in na...

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City A.M. • Jun 25, 2025

Net zero levy cuts are just tinkering at the edges

The proposed adjustments to energy charges represent minor financial changes, reflecting ongoing confidence in government intervention despite historical evidence favoring market-d...

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