GBP/USD 1.344 EUR/GBP 0.856 GBP/JPY 194.985 EUR/USD 1.150 GBP/AUD 2.071 USD/JPY 145.124 USD/CAD 1.367 AUD/USD 0.649 CAD/JPY 106.177 EUR/CAD 1.572 GBP/CAD 1.836 AUD/CAD 0.887 AUD/JPY 94.163 AUD/NZD 1.077 EUR/AUD 1.772 GBP/USD 1.344 EUR/GBP 0.856 GBP/JPY 194.985 EUR/USD 1.150 GBP/AUD 2.071 USD/JPY 145.124 USD/CAD 1.367 AUD/USD 0.649 CAD/JPY 106.177 EUR/CAD 1.572 GBP/CAD 1.836 AUD/CAD 0.887 AUD/JPY 94.163 AUD/NZD 1.077 EUR/AUD 1.772
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City A.M. • May 08, 2025

Centrica: FTSE 100 British Gas owner suffers huge backlash over CEO pay rise plans

Centrica faces considerable criticism from investors and the public regarding proposed substantial increases in executive compensation, highlighting concerns over governance amid f...

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City A.M. • May 08, 2025

Tesco: CEO takes home bumper pay packet after profit jump

Tesco's chief executive received a substantial compensation totaling over £9 million, reflecting the company’s improved sales performance and higher-than-anticipated profit margins...

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City A.M. • May 08, 2025

Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs

The new agreement between the UK and the US aims to reduce potential import taxes, potentially benefiting trade by encouraging smoother market access and financial stability betwee...

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City A.M. • May 08, 2025

M&S will ‘need to go on a charm offensive’ to win customers back

The recent cyber incident has led to a substantial decline in Marks and Spencer’s market valuation, highlighting potential challenges in regaining consumer confidence and stabilizi...

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City A.M. • May 08, 2025

Quicker interest rate cut hopes fade after Bank of England decision

Following the Bank of England’s decision to reduce rates to 4.25 percent, investors have adjusted their outlook, anticipating fewer reductions in borrowing costs throughout the rem...

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City A.M. • May 08, 2025

How did Next become an online shopping behemoth?

Next’s first-quarter financial performance demonstrated significant growth in digital sales, with notable increases both domestically and abroad, contributing substantially to the...

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City A.M. • May 08, 2025

Bolt: Uber rival appoints first UK boss

The appointment of a dedicated senior manager for the UK market indicates the company’s strategic focus on expanding its operations and increasing revenue in one of its key interna...

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City A.M. • May 08, 2025

What the Bank of England’s interest rate cut means for your mortgage

The recent reduction in the central bank’s borrowing costs is likely to influence mortgage lenders to adjust loan rates, potentially affecting monthly payments and refinancing opti...

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City A.M. • May 08, 2025

Nvidia shares boosted as Trump ditches AI chip ban

Nvidia’s stock experienced a notable increase following reports that restrictions on exporting sophisticated AI-related semiconductors may be reversed, positively impacting the sem...

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City A.M. • May 08, 2025

Bank of England cuts interest rate in split decision 

The reduction in borrowing costs by the Bank of England may influence economic activity by potentially lowering loan expenses and affecting inflation expectations amid ongoing glob...

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City A.M. • May 08, 2025

WFH: Blackrock orders managing directors to work full week from office

Blackrock’s decision to require senior executives to return to the office full-time may influence operational costs and employee productivity, reflecting broader shifts in workplac...

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City A.M. • May 08, 2025

New Zealand Rugby post £8.7m loss months after Ineos saga

New Zealand Rugby reported a significant financial deficit for 2024, marking the third year of losses despite experiencing its highest revenue levels during this period.

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City A.M. • May 08, 2025

Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes 

Investor optimism regarding a potential UK-US trade agreement contributed to a notable increase in Rolls-Royce’s stock value, positively impacting overall market performance within...

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City A.M. • May 08, 2025

Saudi Arabia’s PIF sponsors new $13m prize golf series

The Public Investment Fund’s commitment of $13 million as the main sponsor introduces a significant financial boost to the upcoming Ladies European Tour golf events.

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City A.M. • May 08, 2025

Playtech stock plummets 60 per cent following dividend payout

The substantial dividend distribution, funded by proceeds from a recent asset sale, led to a sharp decline in the company’s share value, reflecting the reduced equity base after th...

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City A.M. • May 08, 2025

Derwent: Return to office mandates boost London landlord

Increased interest in prime office spaces amid a supply shortage has positively impacted the financial performance of the real estate trust during the initial quarter through highe...

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City A.M. • May 08, 2025

Alphabet slides as Apple eyes Google overhaul – and UK probe looms

Alphabet's shares declined sharply following Apple's indication of transitioning to AI-based search alternatives in Safari, raising concerns about potential impacts on Google's mar...

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City A.M. • May 08, 2025

Lloyd’s of London selects Patrick Tiernan for CEO position

The appointment of Patrick Tiernan as CEO is expected to influence Lloyd’s of London’s strategic direction and potentially impact its financial performance and market positioning m...

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City A.M. • May 08, 2025

Metro Bank shares soar as lender’s turnaround gathers pace

The bank reported a notable rise in first-quarter earnings compared to late 2024, boosting investor confidence and driving its stock price up by almost four percent in early market...

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City A.M. • May 08, 2025

Flutter: Paddy Power owner stock sinks after gambler winnings

Despite raising its profit forecast, the company's shares declined due to lower-than-expected revenue and earnings influenced by unexpected outcomes during a major US sporting even...

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City A.M. • May 08, 2025

House prices rise in April: ‘The market is baring its teeth’

The recent modest increase in UK property values suggests a resilient housing market that may influence buyer behavior and broader economic conditions despite previous fiscal incen...

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City A.M. • May 08, 2025

Harbour Energy forecasts higher oil and gas production

Harbour Energy’s increased production forecast suggests potential revenue growth while maintaining stable operating costs, reflecting the company’s resilience amid fluctuating mark...

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City A.M. • May 08, 2025

Sir Martin Sorrell: Clients ‘cautious’ as S4 Capital’s income tumbles

S4 Capital experienced a notable decline in first-quarter revenue, highlighting the impact of geopolitical challenges and cautious client behavior on the company's financial perfor...

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City A.M. • May 08, 2025

Trump poised to announce US trade deal with UK

The upcoming US-UK trade agreement is expected to influence bilateral commerce by potentially reducing tariffs and increasing market access, thereby impacting economic relations an...

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City A.M. • May 08, 2025

Centrica: ‘Challenging market conditions’ hit FTSE 100 energy firm

Despite difficult market dynamics in its gas and power division, Centrica anticipates increased losses at its North Sea gas storage unit while maintaining overall profit forecasts...

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City A.M. • May 08, 2025

Rathbones: Fee income dips amid market turmoil

Rathbones Group experienced a decline in wealth management revenue and a reduction in assets under management during the first quarter of 2025, influenced by market instability lin...

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City A.M. • May 08, 2025

Next warns impact of tax hikes could hit sales

Despite stronger-than-anticipated revenue growth earlier in the year, Next indicated that increased taxation may reduce consumer spending power, potentially leading to slower sales...

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City A.M. • May 08, 2025

TSB Bank’s profit rockets from stamp duty rush and cost-cutting

TSB Bank’s first-quarter earnings surged by 89 percent year-over-year, driven by reduced operating costs and increased transaction volumes ahead of regulatory changes, resulting in...

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City A.M. • May 08, 2025

Regular or fixed? How to know which savings account is right for you

With interest rates declining, choosing the most suitable savings option is important to maximize returns and ensure your money generates the highest possible income over time.

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City A.M. • May 08, 2025

‘Richard Branson told me not to start my business’: Gravita CEO Caroline Plumb

Caroline Plumb’s journey as a serial entrepreneur highlights the challenges and financial risks involved in launching new ventures despite advice from established industry figures.

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