GBP/USD 1.358 EUR/GBP 0.862 GBP/JPY 198.563 EUR/USD 1.170 GBP/AUD 2.062 USD/JPY 146.232 USD/CAD 1.366 AUD/USD 0.658 CAD/JPY 107.055 EUR/CAD 1.598 GBP/CAD 1.855 AUD/CAD 0.899 AUD/JPY 96.285 AUD/NZD 1.091 EUR/AUD 1.777 GBP/USD 1.358 EUR/GBP 0.862 GBP/JPY 198.563 EUR/USD 1.170 GBP/AUD 2.062 USD/JPY 146.232 USD/CAD 1.366 AUD/USD 0.658 CAD/JPY 107.055 EUR/CAD 1.598 GBP/CAD 1.855 AUD/CAD 0.899 AUD/JPY 96.285 AUD/NZD 1.091 EUR/AUD 1.777
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News from City A.M.

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City A.M. • Jun 19, 2025

Bank of England holds interest rates at 4.25 per cent 

The decision to maintain the current interest rate reflects efforts to manage ongoing inflation and wage increases, while geopolitical risks may influence future energy costs and e...

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City A.M. • Jun 19, 2025

Swiss watch exports plummet after tariff uncertainty hits sales

In May, Swiss watch shipments to the US declined sharply due to concerns over potential tariffs, resulting in a nearly 10% drop and interrupting earlier growth trends reported by i...

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City A.M. • Jun 19, 2025

Motor finance woes could make Close Brothers the next takeover target

Close Brothers’ challenges in the motor finance sector, combined with increased regulatory scrutiny, have raised concerns among analysts about its potential vulnerability to acquis...

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City A.M. • Jun 19, 2025

Morrisons boosts sales amid looming ‘trolley wars’

Morrisons experienced a notable rise in sales and improved earnings, reflecting strengthened financial performance as the company aims to reduce debt and maintain competitiveness i...

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City A.M. • Jun 19, 2025

Saudi Arabia’s Real Estate Surge: NHC Takes the Lead

The expansion in Saudi Arabia’s property market, guided by strategic goals, highlights NHC’s crucial role as a major developer contributing to the country’s economic growth and urb...

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City A.M. • Jun 19, 2025

Blow to London Stock Exchange as Scottish Widows plots huge selloff

A major UK pension fund managing substantial assets plans to significantly reduce its investment in domestic stocks, potentially impacting market liquidity and investor confidence.

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City A.M. • Jun 19, 2025

Refy: Sales spike at influencer Jess Hunt’s beauty brand

Refy, the beauty company established by Jess Hunt and Jenna Meek, reported a notable increase in revenue and earnings, reaching a turnover of £40.3 million for the fiscal year endi...

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City A.M. • Jun 19, 2025

NBA’s LA Lakers to sell majority stake to Chelsea co-owner in £7.5bn deal

The transfer of controlling interest in the LA Lakers to a new owner highlights a major transaction that may establish one of the highest valuations ever recorded for a professiona...

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City A.M. • Jun 19, 2025

Is Trump going to save TikTok… again?

The uncertainty surrounding TikTok’s operations in the US continues to influence market dynamics, as repeated postponements of regulatory decisions affect investor confidence and f...

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City A.M. • Jun 19, 2025

Smarter Web Company shares jump after million-pound Bitcoin spree

The recent acquisition of over 100 Bitcoin, valued at more than £8 million, has positively influenced Smarter Web Company’s stock performance and highlights its long-term investmen...

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City A.M. • Jun 19, 2025

‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn

Attracting innovative technology entrepreneurs is considered crucial for driving significant economic growth and establishing new high-value companies within the UK’s evolving tech...

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City A.M. • Jun 19, 2025

B&M swaps one tax haven for another

B&M’s decision to relocate its registered address from Luxembourg to Jersey is expected to streamline its corporate setup and potentially enhance its ability to distribute returns...

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City A.M. • Jun 19, 2025

Vodafone picks Microsoft exec for £2m finance chief role

Vodafone’s appointment of Pilar López as its new finance leader signals a strategic shift in financial management amid leadership changes and reflects the company’s focus on streng...

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City A.M. • Jun 19, 2025

KKR’s acquisition of Assura gets green light from Europe

The approval from European regulators allows KKR to proceed with its £1.7 billion investment in Assura, potentially impacting the healthcare property market through increased priva...

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City A.M. • Jun 19, 2025

NCC Group pivots on cyber security amid rising demand

NCC Group is adjusting its cyber security strategy following a decline in revenue during the first half of the year, reflecting challenges in maintaining financial growth within th...

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City A.M. • Jun 19, 2025

Matalan: Huge losses continue as almost 200 jobs lost

Matalan’s ongoing financial difficulties are reflected in a significant pre-tax deficit exceeding £60 million, accompanied by a substantial workforce reduction as the company’s rev...

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City A.M. • Jun 19, 2025

Hays: Shares tank after recruiter issues latest profit warning

Hays’ revised profit outlook reflects ongoing difficulties in the recruitment sector, leading to a significant drop in investor confidence and a sharp decline in the company’s stoc...

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City A.M. • Jun 19, 2025

Premier Inn owner Whitbread sees UK sales falter amid shake-up of pub business

Whitbread experienced a notable decline in UK revenues during the initial quarter, reflecting market difficulties and a strategic reorganization of its food and beverage operations...

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City A.M. • Jun 19, 2025

Natwest rules out TSB takeover

Natwest's decision not to pursue acquisition of TSB alters market expectations, potentially impacting strategic consolidation trends within the UK banking sector and investor outlo...

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City A.M. • Jun 19, 2025

Lump sum vs cost averaging: what is the best ISA strategy?

Research indicates that investing a large amount at once can yield higher returns, though regularly contributing smaller sums still builds wealth steadily and suits many personal f...

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City A.M. • Jun 19, 2025

Number of UK homes worth more than a million has doubled since 2019

The increase in properties valued at over one million pounds since 2019 reflects significant growth in the UK housing market, indicating rising asset values and potential impacts o...

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City A.M. • Jun 19, 2025

Young Brits drive consumer confidence up while high-income households cut back

In June, increased optimism among younger individuals contributed to a slight rise in overall consumer confidence, despite reduced spending tendencies observed within higher-earnin...

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City A.M. • Jun 19, 2025

Rumours of the dollar’s demise have been greatly exaggerated

Despite speculation about its decline, the dollar remains a central global reserve currency, heavily influencing international trade, investment flows, and monetary policies across...

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City A.M. • Jun 19, 2025

Sales of London mansions falter amid low confidence and non-dom exodus

The decline in London luxury property sales, with a drop in both average prices and transaction volumes, reflects reduced buyer interest and broader market uncertainty affecting hi...

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City A.M. • Jun 19, 2025

UK suffers second highest fall in wealth of any major economy in 2024

In 2024, the average household assets in the UK experienced a significant decline compared to other major economies, raising concerns about economic stability and the retention of...

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City A.M. • Jun 19, 2025

UK business set to gain big from India trade deal, says minister

The recently established trade agreement between the UK and India is expected to enhance economic opportunities for companies in sectors like finance, healthcare, and education by...

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City A.M. • Jun 19, 2025

Labour must not overlook London when it comes to infrastructure spending

Allocating sufficient funds for infrastructure in the capital is crucial, as it supports nationwide economic development and should be balanced alongside investments in other regio...

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City A.M. • Jun 19, 2025

AIM is turning 30, but there’s precious little to celebrate

The upcoming 30th anniversary of AIM highlights ongoing challenges in attracting investment, emphasizing the need for tax policies that better support the higher risks associated w...

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City A.M. • Jun 19, 2025

The truth about infrastructure: investors need a return

The upcoming decade-long plan highlights the crucial role of private funding in infrastructure projects, emphasizing the importance of generating adequate financial returns to attr...

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City A.M. • Jun 19, 2025

London Stock Exchange Group: happy birthday AIM!

AIM has played a crucial role in supporting company growth and contributing to the UK economy by providing a platform that fosters investment opportunities and long-term financial...

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