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 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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City A.M. • May 15, 2025

The Capitalist: This isn’t just blackmail, it’s M&S blackmail

Marks & Spencer is expected to file a substantial insurance claim potentially valued around £100 million to mitigate financial damages caused by a recent cyber attack affecting its...

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City A.M. • May 15, 2025

Could building on the green belt solve London’s chronic housing shortage?

Expanding residential development into protected areas may provide additional housing options that could influence property values and affordability amid London's ongoing demand-su...

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City A.M. • May 15, 2025

Burberry ‘optimal opportunity for investors’ as turnaround gains steam

Analysts suggest Burberry presents a promising investment potential as its recent strategy boosts revenue growth, despite the company still experiencing an operating loss in the cu...

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City A.M. • May 15, 2025

Mark Kleinman: BP bid may be more likely from Exxon than Shell

A potential acquisition of BP by Exxon instead of Shell could considerably impact market dynamics and investor confidence within the global energy sector.

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City A.M. • May 14, 2025

CMA must tackle Apple and Google duopoly to ‘unlock UK growth’

Addressing the market control exercised by major technology firms is seen as essential to fostering greater innovation, attracting investments, and enhancing overall economic devel...

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City A.M. • May 14, 2025

Couhig buys Reading from Yongge after EFL approval

The acquisition of Reading FC by Redwood Holdings, following regulatory approval, is expected to stabilize the club’s finances and support future operational improvements after pre...

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City A.M. • May 14, 2025

UK dismisses Chinese concerns on trade

The UK’s agreement with the US aims to enhance trade opportunities and lower tariffs, potentially boosting economic activity while maintaining balanced relations with major global...

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City A.M. • May 14, 2025

British execs still fly to US despite Trump turmoil, data suggests

Despite political uncertainties, corporate travel from the UK to the US has grown significantly, with bookings rising by approximately 25 percent year-over-year, indicating sustain...

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City A.M. • May 14, 2025

Direct Line suffers shareholder revolt over CEO’s huge pay day

Shareholders expressed strong opposition due to the CEO receiving a substantial compensation package, raising concerns about executive pay amid the company’s upcoming £3.7 billion...

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