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 08, 2025

EDF investment hailed as ‘vote of confidence in UK’, despite reduced stake

EDF’s continued involvement in the Sizewell C nuclear project underscores ongoing international interest in UK infrastructure, reflecting both commitment and financial adjustments...

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City A.M. • Jul 08, 2025

Brits back spending cuts over tax rises

Recent surveys indicate that the majority of British voters favor reducing government expenditures rather than increasing taxes, highlighting a potential challenge for the current...

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City A.M. • Jul 08, 2025

Post Office and Fujitsu chiefs ‘maintained fiction’ on faulty Horizon system

The flawed Horizon system led to significant financial discrepancies for postmasters, resulting in wrongful accusations and compensation claims that had considerable economic impac...

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City A.M. • Jul 08, 2025

Rishi Sunak rejoins Goldman Sachs as an adviser

Rishi Sunak’s return to a senior advisory position at a major financial firm underscores his ongoing influence within both the political and economic sectors, potentially impacting...

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City A.M. • Jul 08, 2025

Abu Dhabi sovereign investor eyes $100m slice of Revolut

A state-owned investment firm from Abu Dhabi is in advanced talks to acquire an additional $100 million share in Revolut, potentially expanding its existing holdings in the digital...

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City A.M. • Jul 08, 2025

UK cannot afford triple lock pension, OBR says

The Office for Budget Responsibility has indicated that maintaining the current pension increase policy may strain public finances, prompting debates over welfare adjustments to en...

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City A.M. • Jul 08, 2025

M&S chair: UK needs to muscle up to tackle cyber threats

Marks and Spencer’s chair highlighted that enhancing the UK’s cybersecurity capabilities is essential to protect financial interests and foster greater confidence among investors i...

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City A.M. • Jul 08, 2025

Revolut: UK fintech launches stocks and shares ISA

Revolut’s introduction of stocks and shares ISAs in the UK broadens its financial services, enabling users to invest in a wide range of ETFs through collaborations with major asset...

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City A.M. • Jul 08, 2025

Rachel Reeves’ Cash ISA plans will punish Brits who just want stability

The proposed changes to Cash ISAs aim to encourage investment among the public, but critics argue they may disadvantage those seeking low-risk, stable savings options.

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City A.M. • Jul 08, 2025

OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks

The Office for Budget Responsibility has highlighted that increased expenditure without corresponding revenue could strain the UK’s fiscal health, especially given ongoing internat...

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City A.M. • Jul 08, 2025

M&S shares sink lower after failing to recover from cyber attack

The ongoing decline in M&S’s stock price reflects investor concerns over the company’s ability to fully regain market confidence following the earlier cybersecurity incident.

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City A.M. • Jul 08, 2025

London Marathon Events sprints to record surplus as profits surge

London Marathon Events experienced significant financial growth last year, with revenue increasing by nearly £11 million and pre-tax profit rising to £12 million, contributing a su...

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City A.M. • Jul 08, 2025

Hundred teams to be buoyed by hike in IPL franchise valuations

The recent rise in the estimated worth of IPL franchises is expected to positively impact the financial prospects of associated Hundred teams amid growing market competition.

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City A.M. • Jul 08, 2025

Charities ‘penalised’ by Rachel Reeves’ taxes   

The increase in employers' national insurance contributions has raised operational costs for many charities, potentially reducing their available resources and affecting staff comp...

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City A.M. • Jul 08, 2025

Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax

Health Minister Stephen Kinnock indicated that the government is seriously considering implementing a tax targeting accumulated assets, reflecting increased political support follo...

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City A.M. • Jul 08, 2025

Shein files for Hong Kong IPO as London listing prospects wane

Shein's decision to pursue a public offering in Hong Kong reflects a strategic shift aimed at securing capital amid diminishing opportunities for its previously considered London m...

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City A.M. • Jul 08, 2025

Trump tariffs: Fresh delay as UK steel exemption hangs in the balance

The postponement of revised import duties on British steel creates uncertainty in trade relations, potentially affecting market stability and the economic outlook for industries re...

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City A.M. • Jul 08, 2025

There’s more to philanthropy than writing cheques

Philanthropic efforts contribute significant value by combining financial resources with skills, time, and leadership, enhancing the overall impact on addressing critical social is...

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City A.M. • Jul 08, 2025

Labour voters are suffering from buyers’ remorse

A significant portion of individuals who supported Labour in the 2024 General Election now express regret, which could potentially influence future economic policies and market con...

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City A.M. • Jul 07, 2025

I’m the only disabled director in the FTSE 100 – these are three questions every CEO must ask

Greater inclusion of employees with disabilities can unlock significant economic value for companies by enhancing diversity, improving innovation, and expanding access to a broader...

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City A.M. • Jul 07, 2025

Tesla shares slide after Musk plots new political party in latest Trump snub

Tesla's market value declined notably following CEO Elon Musk's announcement of a new political party, resulting in a significant drop in the company's stock price during early tra...

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City A.M. • Jul 07, 2025

Downing Street flirts with wealth tax despite exodus fears 

The potential introduction of a wealth tax in the UK may impact high-net-worth individuals’ financial decisions, possibly increasing tax revenues while raising concerns about accel...

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City A.M. • Jul 07, 2025

Rachel Reeves warned cash ISA reforms will hike mortgage costs 

Proposed changes to reduce the tax-free savings limit are expected to increase borrowing expenses, potentially affecting both homeowners and business borrowers across the country.

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City A.M. • Jul 07, 2025

Financial services brace for more job cuts as clouds gather

The financial sector is anticipating a significant rise in workforce reductions due to declining investment confidence and a notable slowdown in business activity during the recent...

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City A.M. • Jul 07, 2025

Rachel Reeves urged to rip up ring-fencing in banking growth push

Removing the current banking separation rules could enable major financial institutions to expand more freely, potentially enhancing their global market presence and contributing t...

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City A.M. • Jul 07, 2025

Exclusive: Lloyds and Barclays bleed millions in complaint fees

Several major UK banks, including Lloyds and Barclays, collectively contributed nearly £39 million in administrative charges to the Financial Ombudsman Service over the past financ...

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City A.M. • Jul 07, 2025

Analysis: A US-EU trade deal looks unlikely. What does that mean for the UK?

The potential lapse of the EU-US agreement could lead to increased tariffs and economic uncertainty, potentially impacting the UK’s trade environment despite its absence from negot...

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City A.M. • Jul 07, 2025

UK housing market faces ‘considerable upheaval’ as sellers lose confidence

The combination of economic uncertainty and recent tax adjustments has led to stagnating property values, potentially impacting buyer behavior and overall market activity in the UK...

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City A.M. • Jul 07, 2025

Rolls-Royce investors ‘have made a mint’ as shares near £10

Rolls-Royce’s stock performance has generated substantial returns for shareholders, with its market value surpassing £80 billion following a significant recovery since the pandemic...

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City A.M. • Jul 07, 2025

Burberry shares back in fashion after doubling in value to near FTSE 100 return

Burberry’s market value has significantly increased over the past quarter, reflecting investor confidence and positioning the company closer to rejoining the prominent FTSE 100 ind...

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