GBP/USD 1.356 EUR/GBP 0.862 GBP/JPY 199.345 EUR/USD 1.170 GBP/AUD 2.073 USD/JPY 147.015 USD/CAD 1.382 AUD/USD 0.654 CAD/JPY 106.367 EUR/CAD 1.616 GBP/CAD 1.874 AUD/CAD 0.904 AUD/JPY 96.177 AUD/NZD 1.099 EUR/AUD 1.788 GBP/USD 1.356 EUR/GBP 0.862 GBP/JPY 199.345 EUR/USD 1.170 GBP/AUD 2.073 USD/JPY 147.015 USD/CAD 1.382 AUD/USD 0.654 CAD/JPY 106.367 EUR/CAD 1.616 GBP/CAD 1.874 AUD/CAD 0.904 AUD/JPY 96.177 AUD/NZD 1.099 EUR/AUD 1.788
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News from City A.M.

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City A.M. • Jul 28, 2025

FCA names interim FOS chair after abrupt leadership shake-up

The appointment of Liam Coleman as interim chair of the Financial Ombudsman Service aims to stabilize the organization amid leadership changes, which may impact regulatory oversigh...

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City A.M. • Jul 28, 2025

Euro weakens as markets rally following EU-US trade deal

Despite a positive response in global equity markets, concerns over the EU-US trade agreement led to a decline in the euro's value against the dollar, impacting currency exchange r...

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City A.M. • Jul 28, 2025

LNER revenue passes £1bn as cancellations cut

LNER experienced a notable increase in income exceeding one billion pounds, attributed in part to improved service reliability through a reduction in the number of train cancellati...

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City A.M. • Jul 28, 2025

Everyman: Shares in luxury cinema rise after revenue spikes

Everyman experienced a notable increase in its stock value following a report that first-half revenue grew substantially, driven by strong profit gains across its 48 UK locations.

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City A.M. • Jul 28, 2025

Northern: Cancellations rise as train company’s profit grows

Despite an increase in service disruptions, the publicly owned rail operator experienced higher earnings over the most recent fiscal period ending March 2025, according to official...

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City A.M. • Jul 28, 2025

Axe The Racing Tax: British Horseracing Authority launches petition

The British Horseracing Authority has initiated a petition to oppose a proposed tax increase that could reduce annual revenues by £66 million and threaten the livelihoods of thousa...

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City A.M. • Jul 28, 2025

European markets rally as Trump and EU ink trade deal

Following the new agreement between the United States and the European Union, major stock indices in Europe experienced notable gains, reflecting increased investor confidence and...

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City A.M. • Jul 28, 2025

Wasabi: Sushi restaurant chain sheds jobs as profit slashed

Wasabi experienced a notable reduction in earnings alongside a workforce decrease of over 100 employees, reflecting challenges faced by the London-based sushi chain during its rece...

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City A.M. • Jul 28, 2025

Goods now make up just 40 per cent of UK exports

The decreasing share of physical products in the UK's total exports highlights a growing reliance on the service sector, reflecting shifts in the country’s economic structure and t...

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City A.M. • Jul 28, 2025

Christian Dior: UK sales and profit slashed despite demand for watches and jewellery

Christian Dior’s UK division experienced a significant decline in revenue and earnings despite increased consumer interest in its luxury timepieces and accessories during the repor...

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City A.M. • Jul 28, 2025

Wood Group likely to recommend takeover sparking delisting fears

The potential acquisition of the London-listed engineering firm by a private Middle Eastern company could lead to its removal from the stock exchange, raising concerns among invest...

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City A.M. • Jul 28, 2025

Trump secures ‘big win’ in EU trade deal after Brussels retreats

The agreement between the United States and the European Union is expected to enhance bilateral trade relations, potentially increasing market access and economic growth for both p...

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City A.M. • Jul 28, 2025

Surj leads £30m investment in T100 to bolster Saudi Olympic ambitions

Surj Sports Investment contributed £30 million to the Professional Triathlon Organisation, aiming to strengthen triathlon development and support Saudi Arabia's broader goals in Ol...

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City A.M. • Jul 27, 2025

Ransomware ban won’t save councils or NHS without urgent cyber investment

The UK government’s prohibition on ransom payments aims to combat cybercrime, but experts warn that without increased funding for cybersecurity measures, public organizations may c...

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City A.M. • Jul 26, 2025

Shell: FTSE 100 giant in line for profit hit after oil woes

The energy company faces reduced earnings in the latest quarter due to fluctuations in oil markets, impacting its overall financial results while maintaining efforts to provide ret...

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City A.M. • Jul 26, 2025

Breadmakers Hovis and Kingsmill butter up £75m merger

The planned combination of two major bread producers is anticipated to generate substantial cost reductions, potentially improving overall financial performance and market competit...

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City A.M. • Jul 25, 2025

IMF warns UK faces ‘significant challenges’ amid trade war

The International Monetary Fund highlighted that unexpected economic shocks could threaten the UK government’s fiscal targets, emphasizing constrained flexibility in public finance...

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City A.M. • Jul 25, 2025

Law firm partner hiring surges in City amid private equity boom

The growing interest in private equity has led to a notable increase in the recruitment of senior legal professionals within major firms, reflecting strong financial opportunities...

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City A.M. • Jul 25, 2025

Formula E signs World Championship extension with FIA until 2048

The agreement secures long-term stability and potential revenue growth for Formula E by maintaining its unique status as the sole all-electric single-seater World Championship thro...

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City A.M. • Jul 25, 2025

Rightmove demands stamp duty overhaul

Adjusting the current property tax thresholds to align with recent market changes could reduce costs for new buyers, potentially increasing activity and liquidity within the housin...

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City A.M. • Jul 25, 2025

Trump Scotland visit: Starmer to push for zero steel tariffs

The upcoming meeting between the US President and Sir Keir Starmer aims to address trade barriers, potentially impacting the cost competitiveness and market access of the British s...

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City A.M. • Jul 25, 2025

Why on earth isn’t the pensions commission considering the triple lock?

The absence of the triple lock in the pension commission’s review could impact long-term income stability for retirees and influence future government spending commitments on retir...

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City A.M. • Jul 25, 2025

Four City traders’ seek appeal against Libor convictions following landmark ruling

The appeal by the four former traders could have substantial financial implications by potentially affecting the validity of previous Libor-related convictions and shaping future r...

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City A.M. • Jul 25, 2025

UK retail sales bounce back as Brits enjoyed warmest June on record

Retailers in the UK experienced an increase in sales volume in June, supported by favorable weather conditions that encouraged higher consumer spending on food and beverages after...

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City A.M. • Jul 25, 2025

Lions profit share gives players buy-in and shows the future of rugby

The introduction of a profit-sharing arrangement for players marks a significant shift in rugby, potentially increasing their earnings and aligning their incentives with the team's...

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City A.M. • Jul 25, 2025

NatWest boosts outlook and kicks off new share buyback

NatWest’s improved forecast and initiation of a substantial share repurchase, along with an increased interim dividend, reflect positive financial momentum and confidence in sustai...

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City A.M. • Jul 25, 2025

Rightmove profits rise amid rental and commercial property growth

Rightmove reported increased earnings in the first half of 2025, driven by higher demand for rental and mortgage services, along with more estate agents purchasing enhanced marketi...

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City A.M. • Jul 25, 2025

UK-India trade deal will be major boost for financial services

The newly signed UK-India Free Trade Agreement is expected to enhance economic collaboration and create expanded opportunities within Britain’s financial services industry by stren...

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City A.M. • Jul 25, 2025

Here’s what private equity and venture capital need from Rachel Reeves

Upcoming modifications in tax policies related to investment returns and residency status are creating uncertainty for investors, highlighting the importance of adopting strategies...

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City A.M. • Jul 24, 2025

Jonas Martensson: Minecraft guru on new role with LIV Golf and Cleeks GC

Jonas Martensson’s transition to a leadership position in LIV Golf and Cleeks GC highlights potential new investment opportunities and strategic growth within the emerging sports a...

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