GBP/USD 1.357 EUR/GBP 0.862 GBP/JPY 199.692 EUR/USD 1.171 GBP/AUD 2.079 USD/JPY 147.123 USD/CAD 1.369 AUD/USD 0.653 CAD/JPY 107.504 EUR/CAD 1.602 GBP/CAD 1.858 AUD/CAD 0.893 AUD/JPY 96.040 AUD/NZD 1.089 EUR/AUD 1.793 GBP/USD 1.357 EUR/GBP 0.862 GBP/JPY 199.692 EUR/USD 1.171 GBP/AUD 2.079 USD/JPY 147.123 USD/CAD 1.369 AUD/USD 0.653 CAD/JPY 107.504 EUR/CAD 1.602 GBP/CAD 1.858 AUD/CAD 0.893 AUD/JPY 96.040 AUD/NZD 1.089 EUR/AUD 1.793
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News from City A.M.

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City A.M. • Jun 05, 2025

Rob Cross: Darts star banned as director over unpaid tax of £450,000

Rob Cross has received a five-year prohibition from holding directorships following his company’s significant failure to settle a tax debt exceeding £460,000 with HM Revenue and Cu...

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City A.M. • Jun 05, 2025

Pisces: FCA’s private stock market will worsen FOMO investing

The introduction of the FCA’s private stock market aims to increase investment opportunities, though it may unintentionally encourage investors to make decisions based on fear of m...

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City A.M. • Jun 05, 2025

ONS blames government figures after revealing April inflation error

The miscalculation in April’s inflation rate, caused by incorrect vehicle excise duty data, may impact economic policy decisions and market confidence in official financial statist...

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City A.M. • Jun 05, 2025

Double blow to London as Cobalt Holdings abandons IPO

Cobalt Holdings' decision to cancel its $230 million stock launch in London adds to recent challenges for the UK financial markets, following the departure of Wise to the United St...

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City A.M. • Jun 05, 2025

FCA: Motor finance redress scheme must keep market afloat

The proposed compensation program for the motor finance sector aims to maintain market stability while protecting consumer interests, highlighting its critical role in supporting t...

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City A.M. • Jun 05, 2025

Boots: Profit jumps after closing hundreds of stores

Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...

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City A.M. • Jun 05, 2025

Mitie Group makes bid for Lord Ashcroft-founded Marlowe

Mitie Group’s proposed acquisition of Marlowe, valued at £366 million, aims to enhance operational efficiency and capitalize on recent revenue growth within the outsourcing sector.

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City A.M. • Jun 05, 2025

Wizz Air: Shares tank as profit tumbles

Wizz Air experienced a significant decline in annual operating profit due to ongoing supply disruptions and geopolitical challenges, leading to a sharp decrease in its stock value...

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City A.M. • Jun 05, 2025

Young’s: Pub giant raises dividend as earnings jump

Young & Co’s increased its shareholder payments following a notable rise in revenue and profitability, reflecting strong financial performance despite higher operational expenses a...

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City A.M. • Jun 05, 2025

UK fintech Wise ditches London primary listing for US

By shifting its primary stock exchange to the United States while maintaining a secondary presence in the UK, Wise aims to access larger capital markets and enhance investor divers...

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City A.M. • Jun 05, 2025

CMC Markets eyes Web 3.0 as profit jumps

CMC Markets reported a substantial increase in earnings alongside a slight rise in net operating income, while simultaneously beginning efforts to expand its presence in emerging W...

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City A.M. • Jun 05, 2025

St James’s Place CIO: I was told not to bother with a City career

Despite early discouragement from pursuing a professional path, Justin Onuekwusi's rise to Chief Investment Officer at a major wealth management firm highlights the potential for o...

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City A.M. • Jun 05, 2025

Neil Woodford: ‘I could not have been more transparent’ 

Neil Woodford emphasized that he consistently shared detailed updates about his fund’s holdings and approach, highlighting the challenges and impact on investors following the fund...

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City A.M. • Jun 05, 2025

The Capitalist: London SXSW pass-holders fork out £1k to queue down Brick Lane

Attendees purchasing access to the London SXSW event are spending around £1,000 each, highlighting the substantial costs involved and the event’s notable economic impact on local b...

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City A.M. • Jun 05, 2025

Zonal pricing proposals backed by peers

Implementing regional pricing in the UK electricity market may improve grid efficiency and potentially reduce consumer costs, assuming the transition is carefully managed to addres...

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City A.M. • Jun 05, 2025

Costly net zero policies must end, CBI boss to demand

The leader of the Confederation of British Industry plans to highlight how current environmental regulations are increasing operational expenses and impacting business profitabilit...

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City A.M. • Jun 05, 2025

When is a trade deal not a trade deal?

The agreement between the UK and US on May 8, 2025, marked a pivotal moment with substantial implications for economic relations and market opportunities between the two nations.

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City A.M. • Jun 05, 2025

Welfare U-turns show Starmer puts party ahead of country

The recent policy reversals highlight the ongoing challenges in managing the nation's substantial public debt and welfare expenditures, underscoring the financial priorities influe...

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City A.M. • Jun 05, 2025

Mark Kleinman: Corley’s LSEG board post looks messy

The recent developments surrounding Corley’s appointment to the LSEG board raise important questions about governance practices and potential impacts on investor confidence within...

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City A.M. • Jun 04, 2025

Premier League to keep ability to sell hotels to related companies

Maintaining the current regulations allows clubs such as Chelsea to continue transferring hotel properties to affiliated entities, potentially impacting their financial dealings an...

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City A.M. • Jun 04, 2025

Trump launches fresh attack on Fed as jobs data disappoints

The recent disappointing employment figures have intensified criticism of Federal Reserve policies, highlighting concerns about economic growth and influencing market expectations...

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City A.M. • Jun 04, 2025

Estate agency Foxtons targets commuter towns in drive for growth

Foxtons plans to increase its profitability by expanding into areas near London, utilizing technology advancements, and strengthening client relationships to capitalize on growing...

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City A.M. • Jun 04, 2025

UK finance salaries drop as workers ‘actively develop’ tech skills

In 2025, average compensation in the UK finance sector declined by three percent, leading employees to enhance their technical abilities and consider alternative employment opportu...

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City A.M. • Jun 04, 2025

CAB Payments turns to New York to revive fortunes

CAB Payments aims to improve its financial performance by entering the US market, leveraging new regulatory approvals to expand operations and access potential growth opportunities...

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City A.M. • Jun 04, 2025

Schroders steps back from City lobbying taskforce

Schroders’ withdrawal from the City taskforce may affect collaborative efforts aimed at enhancing investment opportunities and expanding the financial sector within London’s capita...

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City A.M. • Jun 04, 2025

Babcock: FTSE 100 shares double in value to ten-year high

Babcock's stock has experienced significant growth this year, reaching its highest level in a decade, reflecting increased investor confidence and substantial gains in market valua...

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City A.M. • Jun 04, 2025

Costco: Lower petrol prices help drive profit surge

Reduced fuel costs boosted membership numbers at Costco’s UK branch, contributing significantly to its nearly £200 million profit increase in the most recent fiscal year.

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City A.M. • Jun 04, 2025

B&M: FTSE 250 shares plunge as profit and job cuts revealed

B&M’s shares declined sharply following the announcement of decreased pre-tax earnings, increased indebtedness, and planned workforce reductions, reflecting investor concerns about...

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City A.M. • Jun 04, 2025

Credit Suisse seeks $440m Greensill Capital losses from SoftBank

Credit Suisse is pursuing legal action in London to recover a $440 million loss linked to Greensill Capital's failure, holding SoftBank financially accountable in the process.

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City A.M. • Jun 04, 2025

UK services jobs decline on ‘longest streak’ since financial crash

The prolonged reduction in employment within the UK service industry reflects ongoing economic challenges, as companies struggle to preserve profitability amid rising labor expense...

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