GBP/USD 1.356 EUR/GBP 0.853 GBP/JPY 196.213 EUR/USD 1.157 GBP/AUD 2.074 USD/JPY 144.681 USD/CAD 1.356 AUD/USD 0.654 CAD/JPY 106.685 EUR/CAD 1.569 GBP/CAD 1.839 AUD/CAD 0.887 AUD/JPY 94.613 AUD/NZD 1.076 EUR/AUD 1.769 GBP/USD 1.356 EUR/GBP 0.853 GBP/JPY 196.213 EUR/USD 1.157 GBP/AUD 2.074 USD/JPY 144.681 USD/CAD 1.356 AUD/USD 0.654 CAD/JPY 106.685 EUR/CAD 1.569 GBP/CAD 1.839 AUD/CAD 0.887 AUD/JPY 94.613 AUD/NZD 1.076 EUR/AUD 1.769
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News from City A.M.

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City A.M. • Jun 13, 2025

Will lower stress tests for mortgages fuel a first-time buyer boom?

Reduced mortgage requirements could increase loan accessibility for new buyers, potentially driving higher demand and contributing to rising property prices in the entry-level hous...

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City A.M. • Jun 13, 2025

Gold rallies to near-two month high as Middle East conflict intensifies

The escalating tensions in the Middle East prompted increased demand for gold, driving its price upward and resulting in notable gains over the course of the week.

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City A.M. • Jun 13, 2025

Big cities, big potential: The Spending Review rightly prioritises urban growth

The recent fiscal plan allocates increased resources to urban areas, aiming to enhance infrastructure and innovation, which is expected to improve economic performance and contribu...

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City A.M. • Jun 13, 2025

Private school VAT campaigners lose court challenge

The court ruling upholds the government’s authority to impose VAT on private education fees, potentially increasing costs for families and affecting the financial structure of inde...

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City A.M. • Jun 13, 2025

FTSE 100 and sterling take a hit after Israel strikes Iran

Following the recent military actions in the Middle East, the UK’s major stock index and currency experienced notable declines, particularly impacting airline companies, reflecting...

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City A.M. • Jun 13, 2025

Reeves’ tax hikes force Timothy Taylor to raise price of a pint

Increased government taxes and reduced business support have led Timothy Taylor to raise product prices due to rising operational costs and a challenging economic and regulatory la...

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City A.M. • Jun 13, 2025

David Lloyd: Padel and pickleball help chain make first profit in over a decade

The increasing engagement in padel and pickleball contributed to David Lloyd's financial turnaround, resulting in a £32.2 million pre-tax profit, marking the company's first positi...

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City A.M. • Jun 13, 2025

PHP sweetens Assura bid amid ongoing contest with KKR

Primary Health Properties has improved its offer for Assura by providing additional incentives, aiming to strengthen its position against KKR in the competitive bid for the real es...

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City A.M. • Jun 13, 2025

Does the Women’s Super League need a salary cap or other cost controls?

Implementing salary limits or financial regulations in the Women’s Super League could influence competitive balance and long-term sustainability amid increasing revenues and invest...

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City A.M. • Jun 13, 2025

Oil prices surge after Israel attacks Iran

The recent military actions in the Middle East caused a notable increase in energy and precious metal markets, reflecting heightened geopolitical risks and potential disruptions to...

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City A.M. • Jun 13, 2025

Will fintech banks survive falling interest rates?

The recent increase in interest rates significantly boosted the earnings of digital banking firms, enabling them to achieve substantial revenue growth and move closer to sustained...

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City A.M. • Jun 13, 2025

Retail footfall dips in May despite higher consumer confidence

The decrease in in-store visits during May suggests potential challenges for retailers, as consumer spending growth did not keep pace with increased optimism among shoppers.

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City A.M. • Jun 13, 2025

City regulators’ growth mandate ‘pointless’ without major reform

The report highlights that without substantial changes, the cautious approach of key financial regulators continues to hinder their ability to effectively support economic expansio...

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City A.M. • Jun 13, 2025

UK firms dodge Reeves’ tax raid with WFH roles abroad

Some UK businesses are employing remote workers based overseas to reduce expenses and minimize the impact of new tax measures and regulations targeting domestic employers.

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City A.M. • Jun 13, 2025

Mind the skills gap: why lifelong learning Is key to economic growth

Bridging the discrepancy between current education and market demands is crucial for enhancing workforce efficiency, supporting economic expansion, and mitigating potential financi...

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City A.M. • Jun 12, 2025

Conservatives vow to end oil and gas windfall tax 

Ending the additional tax on oil and gas profits could impact government revenue while potentially encouraging increased investment and production within the energy sector.

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City A.M. • Jun 12, 2025

Spending Review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts 

A recent analysis raises concerns that projected savings in key government departments may be overstated, as some budget reductions coincide with planned increases in actual spendi...

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City A.M. • Jun 12, 2025

UK housing market: ‘Not fixed, but less broken’

The ongoing housing shortage in the UK, driven by long-term supply issues and regulatory challenges, has significant financial implications for affordability, investment opportunit...

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City A.M. • Jun 12, 2025

Aldi denied permission to appeal Thatchers court ruling

The court’s decision preventing Aldi from challenging the trademark infringement ruling may result in financial consequences related to potential damages or sales restrictions impa...

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City A.M. • Jun 12, 2025

Tesco is tightening its grip on the UK supermarket crown 

Tesco’s recent quarterly performance, marked by increased food and non-food sales, has strengthened its position in the UK grocery market, reflecting ongoing revenue growth amid in...

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City A.M. • Jun 12, 2025

Council tax spike to pay for Reeves spending plans

A recent analysis indicates that local tax contributions will increase significantly to fund upcoming municipal expenditures outlined in government financial strategies, marking th...

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City A.M. • Jun 12, 2025

FTSE 100 in red as UK investor confidence dips

The slight decline in the UK’s leading stock index reflects reduced investor optimism, potentially impacting market momentum after recent near-record performances and influencing i...

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City A.M. • Jun 12, 2025

London broker upgrades landlord GPE on expected surge in prime office rents

A London brokerage has raised the valuation for Great Portland Estates, anticipating that increased demand for premium office locations will lead to higher rental income and improv...

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City A.M. • Jun 12, 2025

UK trade with US falls apart after Trump tariff blitz

The sharp decline in exports to America, the UK's largest trading partner, highlights significant economic challenges and potential disruptions in international commerce following...

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City A.M. • Jun 12, 2025

Group owned by Dragons’ Den star Touker Suleyman makes just £3,000 profit

The fashion company associated with Touker Suleyman reported a modest pre-tax gain of £3,000 in 2024, marking a financial turnaround following a substantial loss the previous year.

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City A.M. • Jun 12, 2025

Dignity: Funerals giant returns to profit after ditching London and shedding hundreds of jobs

After selling to private investors and reducing its workforce significantly, Dignity experienced a financial turnaround by achieving profitability in its first complete year follow...

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City A.M. • Jun 12, 2025

Wincanton: Losses double as GXO takeover decision drags on

Wincanton reported a significant increase in pre-tax losses, totaling £44.9 million for the year ending March 2024, as uncertainty surrounding a potential acquisition by GXO contin...

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City A.M. • Jun 12, 2025

Pinewood gets Netflix, Disney and Amazon boost amid Trump’s tariffs threat

Collaborations with major streaming platforms have notably increased Pinewood Group's revenue for the fiscal year ending March 2025, reflecting improved financial performance despi...

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City A.M. • Jun 12, 2025

Pod Point valued at £10.6m as EDF set to takeover

The acquisition of Pod Point by EDF at a considerably lower valuation than its initial market capitalization highlights significant changes in the company’s financial standing sinc...

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City A.M. • Jun 12, 2025

Halma: FTSE 100 giant books record revenue and ups dividend

Halma’s diverse operations contributed to a substantial increase in annual income, resulting in higher payouts to shareholders despite challenging global economic conditions.

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