GBP/USD 1.365 EUR/GBP 0.863 GBP/JPY 197.205 EUR/USD 1.178 GBP/AUD 2.083 USD/JPY 144.472 USD/CAD 1.361 AUD/USD 0.655 CAD/JPY 106.132 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.892 AUD/JPY 94.687 AUD/NZD 1.081 EUR/AUD 1.797 GBP/USD 1.365 EUR/GBP 0.863 GBP/JPY 197.205 EUR/USD 1.178 GBP/AUD 2.083 USD/JPY 144.472 USD/CAD 1.361 AUD/USD 0.655 CAD/JPY 106.132 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.892 AUD/JPY 94.687 AUD/NZD 1.081 EUR/AUD 1.797
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News from City A.M.

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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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City A.M. • May 15, 2025

Exclusive: Government adds employee tax break to Pisces

The government’s new legislation for the Pisces market aims to enhance private company trading by extending tax incentives for employees, potentially increasing investment and part...

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City A.M. • May 15, 2025

Interest rate cuts would ‘boost growth’, businesses tell Bank of England

Business leaders believe that lowering borrowing costs could encourage increased consumer spending, potentially strengthening economic expansion following recent growth in the UK's...

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City A.M. • May 15, 2025

Central London offices ‘top pick’ for UBS real estate analysts

Investment trusts focused on London office properties have gained prominence among analysts due to increased demand driven by shifting investor preferences and geopolitical conside...

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City A.M. • May 15, 2025

Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure

Petroineos experienced a notable decline in earnings before the shutdown of its Grangemouth refinery, reflecting challenges related to market instability, disrupted supply chains,...

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City A.M. • May 15, 2025

Reddit founder Ohanian ‘honoured’ to invest £20m in WSL side Chelsea

Alexis Ohanian has contributed £20 million to acquire a 10 percent ownership in Chelsea Women’s football club, establishing the team's overall valuation at approximately £200 milli...

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City A.M. • May 15, 2025

B&M appoints ex-Tesco executive as new CEO

The appointment of a former Tesco executive as the new leader of the retail group may influence investor confidence and strategic direction, potentially impacting the company’s fin...

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City A.M. • May 15, 2025

CMA handed ‘strategic steer’ as government pushes pro-growth agenda

The government’s guidance to the competition authority highlights regulatory priorities aimed at fostering economic growth, potentially influencing market competition and investmen...

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City A.M. • May 15, 2025

Boost for Rachel Reeves as UK economy booms in first quarter

The UK experienced a notable increase in economic output during the first quarter, indicating enhanced business activity likely influenced by anticipated tax changes and internatio...

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City A.M. • May 15, 2025

Exclusive: First AIM VCT in 18 years launches on London Stock Exchange

A newly introduced venture capital trust targeting AIM-listed companies offers investors an alternative route to engage with emerging technologies through early-stage investments o...

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City A.M. • May 15, 2025

The O2 owner’s touring and festivals arm almost doubles sales

The UK-based live entertainment division responsible for tours and festivals reported a substantial increase in revenue and profits in 2024, nearly doubling its turnover compared t...

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City A.M. • May 15, 2025

United Utilities: Profit rises significantly as water bills hiked

United Utilities experienced a notable increase in earnings, partially driven by higher charges for its services, leading to a suggested rise in the final dividend for shareholders...

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City A.M. • May 15, 2025

ITV grows digital ad sales amid Studios boost

ITV’s increased revenue from online advertising and improved performance at its production division contributed positively to its overall financial recovery during the first quarte...

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City A.M. • May 15, 2025

Shawbrook Bank’s loan and deposit book boosted by retail demand

Shawbrook Bank experienced a notable increase in lending during the first quarter, with strong commercial and consumer activity contributing to a significant rise in its financial...

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City A.M. • May 15, 2025

Premier Foods: Mr Kipling maker ups dividend on strong growth

Premier Foods reported increased earnings and expanded international sales, leading to a higher dividend payout reflecting improved profitability and solid revenue growth over the...

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City A.M. • May 15, 2025

Sage boosts profit and margins as AI tools drive growth

Sage's half-year financial results demonstrate notable improvement in earnings and profitability, supported by increased cloud service demand and the integration of artificial inte...

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City A.M. • May 15, 2025

National Grid profit jumps by a fifth despite record investment

National Grid experienced a substantial increase in pre-tax earnings, reflecting solid financial performance amid global economic challenges and significant capital expenditures du...

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City A.M. • May 15, 2025

Watches of Switzerland: US sales drive return to growth

The company experienced increased overall revenue, largely influenced by a substantial rise in American consumer demand, contributing significantly to its financial recovery and co...

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City A.M. • May 15, 2025

China could gatecrash Starmer’s diplomatic party

The potential involvement of China in upcoming diplomatic discussions may impact the UK’s efforts to balance trade relationships with both the US and the EU, carrying significant f...

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City A.M. • May 15, 2025

Labour’s National Wealth Fund hounded with calls for clarity 

The establishment of the National Wealth Fund has raised important questions about its potential impact on the country’s economy and the transparency of its financial management.

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City A.M. • May 15, 2025

‘Investment magnet’ financial services injected £281bn in UK economy 

The financial sector contributed £281 billion to the UK economy and supported approximately 2.5 million jobs, demonstrating its important role in managing significant assets despit...

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City A.M. • May 15, 2025

Trade wars: how will tariffs really affect the global economy?

Although current tariffs have caused limited immediate harm, recent months have seen a noticeable decline in global trade conditions, indicating potential longer-term financial imp...

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