GBP/USD 1.344 EUR/GBP 0.856 GBP/JPY 195.034 EUR/USD 1.150 GBP/AUD 2.071 USD/JPY 145.152 USD/CAD 1.367 AUD/USD 0.649 CAD/JPY 106.194 EUR/CAD 1.572 GBP/CAD 1.837 AUD/CAD 0.887 AUD/JPY 94.193 AUD/NZD 1.077 EUR/AUD 1.772 GBP/USD 1.344 EUR/GBP 0.856 GBP/JPY 195.034 EUR/USD 1.150 GBP/AUD 2.071 USD/JPY 145.152 USD/CAD 1.367 AUD/USD 0.649 CAD/JPY 106.194 EUR/CAD 1.572 GBP/CAD 1.837 AUD/CAD 0.887 AUD/JPY 94.193 AUD/NZD 1.077 EUR/AUD 1.772
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News from City A.M.

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City A.M. • May 05, 2025

Words matter more than numbers at the Bank of England

Market participants anticipate that the Bank of England’s upcoming announcement will influence monetary policy expectations, inflation outlooks, and highlight external trade challe...

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City A.M. • May 05, 2025

US services growth ‘stalling’ as recession looms large

Recent data indicates that uncertainties related to trade policies are causing businesses in the US service industry to postpone investments, potentially impacting overall economic...

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City A.M. • May 05, 2025

Non-doms tax changes could lead to ‘billions’ in losses for Reeves

Recent modifications to tax regulations targeting wealthy non-domiciled individuals may result in substantial revenue shortfalls, potentially costing the government billions rather...

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City A.M. • May 05, 2025

US dollar supremacy is slowly eroding, investors warn

Changes in the US dollar’s value have important implications for global markets and investment strategies, as declining confidence in the currency affects asset prices and internat...

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City A.M. • May 05, 2025

HSBC Asset Management’s sustainability boss to depart as sector pivots on ESG

The departure of HSBC Asset Management’s leading sustainability executive highlights potential shifts in the company's approach to responsible investing, which could impact investo...

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City A.M. • May 05, 2025

Heathrow: Sir Richard Branson eyes terminal as Virgin Atlantic and British Airways push for more con...

If successful, Virgin Atlantic and British Airways gaining increased influence over a Heathrow terminal could reshape airport operations and impact revenue distribution among the k...

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City A.M. • May 05, 2025

Oil prices slump to four-year low amid Opec+ production push

The recent decision by OPEC+ to boost output has contributed to a significant decline in global oil prices, potentially impacting revenues for producers and influencing energy mark...

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City A.M. • May 05, 2025

FTSE 100 lenders cash in on market turmoil but provisions climb 

Major UK banks experienced increased trading revenues due to market volatility, boosting short-term profits, while rising loan loss reserves indicated concerns about potential econ...

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City A.M. • May 05, 2025

Ed Miliband’s net-zero plans risk causing blackouts, says Union boss

The proposed acceleration toward clean energy targets may create significant economic challenges by potentially disrupting power supply, which could result in increased costs and i...

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City A.M. • May 05, 2025

Shell weighs BP takeover bid

A potential acquisition of BP by Shell could reshape the oil and gas sector by creating a significantly larger entity with considerable market influence and financial resources.

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City A.M. • May 05, 2025

Amazon row proves Trump’s America is an unreliable partner for business

The dispute highlights growing uncertainty for companies operating under current policies, where political considerations increasingly influence economic decisions and strategic pl...

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City A.M. • May 04, 2025

Warren Buffett set to quit as CEO of Berkshire Hathaway

Warren Buffett’s planned departure as CEO of Berkshire Hathaway after six decades signals a major leadership transition that may impact the company’s strategic direction and invest...

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City A.M. • May 04, 2025

Bank of England set to cut interest rates as US tariffs in focus

The anticipated reduction in UK borrowing costs is expected to influence economic activity, reflecting the Bank of England’s response to external trade pressures and aiming to supp...

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City A.M. • May 04, 2025

Rachel Reeves has promised UK fintech the world – now she must deliver

The upcoming release of the Treasury’s Financial Services Growth and Competitiveness Strategy is expected to play a crucial role in shaping the future economic impact and global st...

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City A.M. • May 03, 2025

Breadmakers Hovis and Kingsmill in merger talks

Discussions are underway between the owners of Hovis and Kingsmill, key players in the UK bread market, as they explore a potential merger amid increasing industry challenges.

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City A.M. • May 03, 2025

Next set to reveal profit increases amidst tariff uncertainty

Next is anticipated to report higher profits in its upcoming quarterly results, despite ongoing cost pressures and concerns regarding consumer confidence in the UK retail sector.

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City A.M. • May 03, 2025

Jaguar Land Rover reboots US car exports despite tariff woes

Jaguar Land Rover has resumed exports of vehicles to the US, reflecting a strategic response to previous trade disruptions while aiming to stabilize its financial performance amid...

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City A.M. • May 03, 2025

Are we witnessing the slow death of advertising holding companies?

The emergence of new agencies challenges traditional advertising conglomerates facing declining earnings and stock values, signaling potential shifts in the industry's financial la...

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City A.M. • May 02, 2025

Spirit and Jewel look set to sparkle at Sha Tin

The anticipated success of Spirit of Peace at Sha Tin is likely to attract numerous bettors, potentially influencing both the betting landscape and overall financial stakes on the...

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City A.M. • May 02, 2025

US manufacturing sees job losses despite Trump’s hopes of a revival 

In April, the manufacturing sector in the US experienced a decrease of 1,000 jobs, challenging the anticipated recovery and raising concerns about the effectiveness of protective t...

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City A.M. • May 02, 2025

Free Thinking: Will Trump’s Gen Z baby bonuses boost birth rates?

Offering financial incentives to younger generations could influence demographic trends by encouraging higher birth rates amid economic uncertainty and shifting policy priorities d...

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City A.M. • May 02, 2025

UK retail investors double down on US tech despite tariff jitters

Increased trading activity among UK retail investors in US technology stocks like Nvidia, Tesla, and Amazon highlights a sustained interest despite ongoing geopolitical tensions an...

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City A.M. • May 02, 2025

FTSE 100 on track for longest winning streak ever

The FTSE 100 is poised to achieve a historic winning streak, recovering from previous market turmoil, and closing in the green for 15 consecutive sessions would establish a new rec...

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City A.M. • May 02, 2025

The non-dom exodus is harming London’s housing market

The decline in non-domiciled residents is impacting London's housing market as wealthy individuals sell their properties, resulting in broader implications for various segments of...

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City A.M. • May 02, 2025

Apple shares fall on cloud miss despite US chip pivot

Apple reported stronger-than-anticipated earnings driven by robust iPhone sales, yet a decline in shares occurred due to disappointing services performance and ongoing AI rollout d...

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City A.M. • May 02, 2025

Amazon beats on profits, but tariff uncertainty weighs on stock

Amazon reported a significant profit increase in Q1 2025, exceeding forecasts; however, concerns over tariff impacts and disappointing cloud performance contributed to a decline in...

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City A.M. • May 02, 2025

Standard Chartered shares rise as wealth arm booms after market unrest

Standard Chartered's share price increased slightly following a strong first-quarter profit report, though the bank cautioned investors about potential future challenges stemming f...

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City A.M. • May 02, 2025

Shell: FTSE 100 giant’s shares rise after unveiling buyback and profit hit

Shell's first-quarter adjusted earnings of $5.58 billion exceeded expectations but reflected a significant decline from the previous year, influenced by lower crude oil prices amid...

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City A.M. • May 02, 2025

Natwest shares jump as stamp duty rush and market chaos boost income

Natwest reported a pre-tax profit of £1.8 billion in the first quarter, exceeding analysts' expectations and resulting in a more than three percent increase in its share price.

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City A.M. • May 02, 2025

Ministers urged to seek tariff exemption for aircraft and engines

UK ministers are being encouraged to pursue a tariff exemption for civil aircraft and engine parts to mitigate potential supply chain disruptions and support timely aircraft delive...

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