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 20, 2025

Cash ISA limit reduction abandoned by Reeves

The government’s decision to maintain the current threshold for tax-free savings accounts allows individuals to continue depositing substantial amounts without losing financial ben...

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City A.M. • May 20, 2025

London Spirit £144m sale nearly done, insists MCC chief

A consortium of American technology companies is close to finalizing a deal to acquire a near half ownership in the London Spirit cricket team, reflecting a significant investment...

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City A.M. • May 20, 2025

Senior: FTSE 250 aerospace and defence group bags new contracts

The recent £168 million agreements secured by the FTSE 250 aerospace and defence company are expected to enhance its long-term revenue streams and contribute positively to its mark...

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City A.M. • May 20, 2025

Trio of trade deals puts UK in better position “than any other country,” Rachel Reeves says

Securing recent agreements with major global partners is expected to enhance the UK’s economic opportunities and strengthen its position in international markets compared to other...

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City A.M. • May 20, 2025

Interest rate cuts need to slow down to curb inflation, says Huw Pill 

The Bank of England's chief economist cautioned that reducing interest rates too quickly could accelerate price increases, emphasizing the need for a more cautious approach to mana...

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City A.M. • May 20, 2025

Greene King vs Spoons: Who is winning the great British pub battle?

Greene King and JD Wetherspoon, as leading pub chains with extensive locations nationwide, play a significant role in the British economy by generating substantial revenue and offe...

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City A.M. • May 20, 2025

Lloyds Bank boss: No evidence of harm in motor finance scandal

The motor finance controversy has prompted regulatory scrutiny of Lloyds Bank’s past lending practices, highlighting potential risks but so far not revealing financial damage to th...

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City A.M. • May 20, 2025

Centrica: British gas owner to sell stake in North Sea gas field to Ithaca Energy

Centrica’s agreement to transfer nearly half of its interest in the Cygnus asset to Ithaca Energy is expected to generate approximately £215 million, impacting its overall investme...

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City A.M. • May 20, 2025

OBR ridiculed for ‘joke of a salary’ in analyst job offer

The salary range offered for new analyst positions at the UK’s fiscal watchdog has sparked criticism due to its perceived inadequacy relative to the expected responsibilities and j...

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City A.M. • May 20, 2025

Is HSBC turning its back on Europe?

Under Georges Elhedery’s leadership, HSBC initiated a major restructuring focused on streamlining operations and emphasizing growth in Asia-Pacific, which could impact its financia...

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City A.M. • May 20, 2025

Saga more than doubles CEO’s pay despite losing £160m

Despite reporting a substantial financial loss of £160 million, the company significantly increased its chief executive’s compensation to nearly £1.9 million for the fiscal year en...

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City A.M. • May 20, 2025

Diploma: Shares in FTSE 100 firm rocket after profit upgrade

Diploma experienced a notable increase in stock value following improved forecasts and a robust first-half performance, highlighted by a 14 percent rise in revenue reaching £728.5...

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City A.M. • May 20, 2025

Tesco and Sainsbury’s supplier hit in latest cyber attack

The recent cyber incident affecting a primary logistics provider for multiple leading UK supermarkets has caused operational disruptions, potentially impacting supply chains and fi...

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City A.M. • May 20, 2025

Card Factory CEO takes home bumper pay rise

The chief executive of the retailer received a substantial increase in compensation, exceeding £1.5 million, reflecting the company’s strong sales performance during the most recen...

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City A.M. • May 20, 2025

Smiths Group: Shares jumps as demerger on track

Smiths Group experienced a notable increase in quarterly revenue, driven by robust order book growth, contributing to a positive market response amid ongoing separation efforts.

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City A.M. • May 20, 2025

Cranswick: Hummus and chicken demand boost supermarket supplier

Cranswick's increased sales, driven by strong consumer interest in fresh items and strategic acquisitions, contributed to higher-than-anticipated profits and a rise in revenue over...

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City A.M. • May 20, 2025

Vodafone swings to loss after €4.5bn impairment blow

Vodafone reported a significant financial downturn due to a substantial write-down linked to challenges in its German operations, resulting in a pre-tax deficit following a previou...

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City A.M. • May 20, 2025

SSP: Upper Crust owner’s shares surge after profit soars

The FTSE 250 company experienced a notable increase in operating profit and revenue across multiple sectors during the first half of 2024, contributing to a significant rise in its...

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City A.M. • May 20, 2025

Half of UK millennials set to include crypto in investment portfolios

A notable portion of younger UK investors is increasingly incorporating digital currencies into their financial strategies, reflecting a shift in asset preferences compared to olde...

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City A.M. • May 20, 2025

Reeves must provide ‘more stable’ tax policy, finance bosses say

Financial leaders emphasize that establishing a consistent and predictable tax framework is crucial for enabling sustainable economic growth and encouraging investment within the i...

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City A.M. • May 20, 2025

Why CAS challenge may deliver seismic shock to sport

A potential challenge to the Court of Arbitration for Sport could alter dispute resolution processes, significantly impacting financial arrangements and governance within various s...

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City A.M. • May 20, 2025

Can Airbnb become an everything app?

Airbnb’s expansion into a comprehensive service platform could diversify its revenue streams and enhance user engagement, potentially impacting its financial performance by driving...

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City A.M. • May 20, 2025

The West Midlands is leading the way on new housing

The West Midlands is fostering significant economic growth by integrating public and private efforts to increase housing availability, attracting investment and advancing infrastru...

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City A.M. • May 19, 2025

Is this a sweet trade deal with the EU – or does it sound a bit fishy? 

The recently secured agreement with the European Union is expected to enhance economic growth by reducing regulatory barriers and maintaining fishing access in British waters until...

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City A.M. • May 19, 2025

Boris Johnson: Starmer the ‘manacled gimp of Brussels’ after ‘one-sided’ EU trade deal

The referenced EU trade agreement could potentially limit the United Kingdom’s economic autonomy and influence within European markets, raising concerns about its long-term financi...

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City A.M. • May 19, 2025

KKR lashes out against PHP in Assura bidding war

The competitive bids for Assura highlight the potential regulatory challenges and valuation considerations impacting investor decisions and the overall dynamics of the acquisition...

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City A.M. • May 19, 2025

Andy Murray to head up athlete group at London-based Redrice Ventures

Andy Murray’s leadership role at Redrice Ventures marks a strategic move into investment, potentially enhancing the firm’s portfolio through insights from experienced athletes and...

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City A.M. • May 19, 2025

Splitting the G: Is Diageo gearing up to sell off Guinness?

Diageo’s plan to reduce expenses by $500 million over three years, including potential divestitures and workforce reductions, aims to lessen the financial effects of recent trade t...

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City A.M. • May 19, 2025

EY audit of NMC ‘was deficient in multiple respects’ says regulator

The FRC's draft report, to be reviewed by the High Court, highlights several shortcomings in EY's audit of the failed NMC, potentially impacting financial accountability and stakeh...

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City A.M. • May 19, 2025

Pension reforms show the private sector is backing Britain

Seventeen leading UK pension funds have committed a significant portion of their default investments to private markets, directing substantial capital towards domestic opportunitie...

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