GBP/USD 1.365 EUR/GBP 0.861 GBP/JPY 197.861 EUR/USD 1.175 GBP/AUD 2.077 USD/JPY 144.977 USD/CAD 1.359 AUD/USD 0.657 CAD/JPY 106.713 EUR/CAD 1.597 GBP/CAD 1.854 AUD/CAD 0.893 AUD/JPY 95.249 AUD/NZD 1.083 EUR/AUD 1.789 GBP/USD 1.365 EUR/GBP 0.861 GBP/JPY 197.861 EUR/USD 1.175 GBP/AUD 2.077 USD/JPY 144.977 USD/CAD 1.359 AUD/USD 0.657 CAD/JPY 106.713 EUR/CAD 1.597 GBP/CAD 1.854 AUD/CAD 0.893 AUD/JPY 95.249 AUD/NZD 1.083 EUR/AUD 1.789
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News from City A.M.

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City A.M. • Jun 12, 2025

Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit

The fashion company associated with Touker Suleyman reported a modest pre-tax gain of £3,000 in 2024, marking a financial turnaround following a substantial loss the previous year.

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City A.M. • Jun 12, 2025

Dignity: Funerals giant returns to profit after ditching London and shedding hundreds of jobs

After selling to private investors and reducing its workforce significantly, Dignity experienced a financial turnaround by achieving profitability in its first complete year follow...

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City A.M. • Jun 12, 2025

Wincanton: Losses double as GXO takeover decision drags on

Wincanton reported a significant increase in pre-tax losses, totaling £44.9 million for the year ending March 2024, as uncertainty surrounding a potential acquisition by GXO contin...

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City A.M. • Jun 12, 2025

Pinewood gets Netflix, Disney and Amazon boost amid Trump’s tariffs threat

Collaborations with major streaming platforms have notably increased Pinewood Group's revenue for the fiscal year ending March 2025, reflecting improved financial performance despi...

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City A.M. • Jun 12, 2025

Pod Point valued at £10.6m as EDF set to takeover

The acquisition of Pod Point by EDF at a considerably lower valuation than its initial market capitalization highlights significant changes in the company’s financial standing sinc...

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City A.M. • Jun 12, 2025

Halma: FTSE 100 giant books record revenue and ups dividend

Halma’s diverse operations contributed to a substantial increase in annual income, resulting in higher payouts to shareholders despite challenging global economic conditions.

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City A.M. • Jun 12, 2025

UK economy shrinks more than expected in blow to Reeves

The unexpected decline in the UK’s economic output during April indicates a potential slowdown that may affect investor confidence and hinder short-term financial recovery efforts.

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City A.M. • Jun 12, 2025

Crest Nicholson: Profit triples as housing market recovers

Crest Nicholson's financial results show a significant improvement, with pre-tax profit rising substantially compared to previous losses, reflecting better market conditions and co...

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City A.M. • Jun 12, 2025

Tesco: Supermarket giant widens market share amid price war

Tesco reported increased sales in both food and non-food categories during the opening quarter, reflecting its strengthening position within the competitive UK grocery sector amids...

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City A.M. • Jun 12, 2025

Will Pret a Manger’s IPO be a tasty treat for the City?

Pret a Manger’s public offering could attract considerable investor interest, potentially boosting market activity and reflecting broader appetite for consumer-focused food and bev...

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City A.M. • Jun 12, 2025

Could Pisces replace AIM, or will it crash and burn?

The introduction of the Pisces private market framework may impact private company share trading by offering new opportunities for exchange operators, potentially reshaping the mar...

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City A.M. • Jun 12, 2025

Reeves’ spending spree could open £20bn gap – which taxes will rise?

The substantial increase in government expenditure may create a significant budget shortfall, potentially leading to higher taxes if the anticipated economic growth does not materi...

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City A.M. • Jun 12, 2025

FCA chief: Court delays denying victims justice

Prolonged legal proceedings are hindering timely resolution for those affected by financial offenses and impeding the development of more effective oversight within the financial s...

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City A.M. • Jun 12, 2025

Bargain Britain: UK firms under siege by foreign takeovers

Recent acquisitions by international investors and private equity groups have significantly impacted UK financial markets, reflecting increased foreign influence over domestic comp...

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City A.M. • Jun 12, 2025

How worried should Ed Miliband be about the CBI’s net zero U-turn?

The CBI’s reversal on net zero cost assessments could impact economic planning and investment decisions related to climate policies, influencing financial strategies across multipl...

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City A.M. • Jun 11, 2025

Premier League operating profit hits five-year high as PSR bites

The top division’s combined financial gains rose substantially in 2023-24, reflecting increased focus on fiscal responsibility prompted by new regulatory measures affecting club sp...

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City A.M. • Jun 11, 2025

Only roaring growth can save Reeves, and the country

Sustained and rapid economic expansion is crucial for Reeves and the nation to improve fiscal stability and address ongoing financial challenges effectively.

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City A.M. • Jun 11, 2025

Economists warn Rachel Reeves could be forced to make ‘£20bn tax grab’

Following the announcement of increased government expenditures across various sectors, experts indicate that significant revenue increases may be necessary to address fiscal chall...

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City A.M. • Jun 11, 2025

Reform and Tories aligned on Spending Review criticism

The opposition has raised concerns about the government's fiscal strategy, highlighting significant increases in expenditure and borrowing that may impact economic stability throug...

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City A.M. • Jun 11, 2025

London Tech Week day 3: Let’s use that NHS budget on tech

Investing in technological advancements could optimize healthcare resources and contribute to solving major issues like climate change, potentially improving efficiency and outcome...

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City A.M. • Jun 11, 2025

TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension

Transport for London has received a £2 billion funding package over four years, providing significant financial support though specific schedules for key infrastructure projects re...

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City A.M. • Jun 11, 2025

Spending Review: Gilt yields dip in relief for Rachel Reeves

Following the announcement of the government's Spending Review, UK government bond yields declined slightly, indicating investor confidence in the management of increased expenditu...

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City A.M. • Jun 11, 2025

Spending Review: Colossal £25bn for HS2 eclipses other transport pledges

The government’s allocation of £25 billion to HS2 significantly surpasses other transport investments, including £3.5 billion for the Transpennine upgrade and £2.5 billion towards...

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City A.M. • Jun 11, 2025

Reeves’ straitjacket: Why Britain’s spending problem is political, not economic

The debate over the UK’s budget highlights that decisions on public expenditure are influenced more by political priorities than by purely economic forecasts or minor changes in gr...

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City A.M. • Jun 11, 2025

Spending Review: Reeves piles billions into tech as firms cool on UK

The government significantly increased investment in research and development to support technological progress, despite recent withdrawals of several technology companies from the...

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City A.M. • Jun 11, 2025

Spending Review: Whitehall faces axe to fund Reeves’ spending spree

Significant reductions in budgets for key government departments will be implemented to allocate substantial funding toward healthcare improvements and advancements in artificial i...

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City A.M. • Jun 11, 2025

Spending Review: Reeves promises UK will become defence ‘superpower’

Chancellor Rachel Reeves announced an increase in military expenditure to 2.6 percent of GDP by 2027, indicating a significant boost in the UK’s defense-related financial commitmen...

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City A.M. • Jun 11, 2025

End in sight for US-China trade war with ‘framework’ announced in London 

The new agreement between the US and China is expected to ease tariffs and improve trade relations, potentially leading to increased market stability and growth for businesses invo...

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City A.M. • Jun 11, 2025

High Court rules aircraft lenders can recover loss from planes stuck in Russia

The recent court decision establishes that lenders have the legal right to claim financial recovery for planes immobilized in Russia, potentially impacting insurance liabilities re...

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City A.M. • Jun 11, 2025

Optimism on construction boom lifts housebuilder stocks

The recent government commitment to funding infrastructure projects has positively influenced investor confidence, resulting in a notable increase in the stock values of leading ho...

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