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. • May 21, 2025

Reeves’ taxes push inflation to 3.5 per cent in ‘Awful April’

The recent tax increases on businesses and adjustments to the national living wage have contributed to rising consumer prices, reflecting increased operational costs for companies...

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City A.M. • May 21, 2025

Currys: Shares dip despite interest rates helping sales at retailer

Electrical retailer Currys has projected a 37 percent increase in pre-tax profit to £162 million, reflecting improved sales performance partially influenced by reduced borrowing ex...

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City A.M. • May 21, 2025

M&S: Cyber attack to hit profit by £300m

Marks and Spencer anticipates a substantial reduction in this year’s earnings due to a recent cyber incident, although the financial impact may be partly offset by cost controls, i...

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City A.M. • May 21, 2025

Red Bull diluted: Energy drink giant reduces stake in Leeds United

Red Bull’s decision not to participate in the recent £120 million share offering led to a decreased ownership percentage, impacting their financial influence as Leeds United secure...

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City A.M. • May 21, 2025

Pisces has the potential to flourish – if the FCA plays its cards right

The introduction of Pisces markets, regulated by the FCA, aims to provide growing companies with an alternative platform for funding, potentially enhancing capital access before th...

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City A.M. • May 21, 2025

Charles Tyrwhitt to move London office HQ as profits climb

The relocation of Charles Tyrwhitt’s headquarters to a more sustainable and higher-quality space in Bankside reflects its recent financial growth and commitment to supporting its e...

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City A.M. • May 21, 2025

Exclusive: Oberon AIM VCT relaunches in search of small cap rebound

Oberon’s relaunch of its AIM venture capital trust aims to capitalize on anticipated growth in smaller publicly traded companies, potentially enhancing investment opportunities and...

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City A.M. • May 21, 2025

Reform would be an economic disaster (trust me, I worked for Liz Truss)

Implementing large tax reductions without addressing their economic consequences can lead to significant financial instability, as observed through previous government experiences...

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City A.M. • May 20, 2025

Firms must be at heart of red tape overhaul, CBI boss says

Involving businesses directly in regulatory reform is crucial for effective economic progress, as their practical experience with compliance challenges can guide more impactful and...

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City A.M. • May 20, 2025

UK halts trade talks with Israel

The suspension of bilateral trade discussions may delay economic agreements and impact future commercial relations between the UK and Israel until humanitarian conditions are satis...

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City A.M. • May 20, 2025

British ports request £120m for ‘white elephant’ Brexit border posts

British ports are seeking £120 million to recover costs from infrastructure investments made for border controls that became unnecessary following recent adjustments to the UK-EU t...

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City A.M. • May 20, 2025

Analysts look to follow-on funding for London Stock Exchange IPO revival

Despite a decline in initial public offerings, the London Stock Exchange remains a key player in Europe by generating substantial capital through additional fundraising rounds afte...

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City A.M. • May 20, 2025

Insolvency levels hit highest level in eight months in Awful April

Recent data reveal a substantial rise in business failures this April, highlighting the financial strain caused by increased labor expenses and uncertainties surrounding new trade...

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City A.M. • May 20, 2025

Goldman Sachs: Investors are fleeing US stocks

Several clients of a major financial institution have expressed concerns about the stability of the US market, leading to a notable shift of investment portfolios toward alternativ...

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City A.M. • May 20, 2025

Cash ISA limit reduction abandoned by Reeves

The government’s decision to maintain the current threshold for tax-free savings accounts allows individuals to continue depositing substantial amounts without losing financial ben...

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City A.M. • May 20, 2025

London Spirit £144m sale nearly done, insists MCC chief

A consortium of American technology companies is close to finalizing a deal to acquire a near half ownership in the London Spirit cricket team, reflecting a significant investment...

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City A.M. • May 20, 2025

Senior: FTSE 250 aerospace and defence group bags new contracts

The recent £168 million agreements secured by the FTSE 250 aerospace and defence company are expected to enhance its long-term revenue streams and contribute positively to its mark...

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City A.M. • May 20, 2025

Trio of trade deals puts UK in better position “than any other country,” Rachel Reeves says

Securing recent agreements with major global partners is expected to enhance the UK’s economic opportunities and strengthen its position in international markets compared to other...

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City A.M. • May 20, 2025

Interest rate cuts need to slow down to curb inflation, says Huw Pill 

The Bank of England's chief economist cautioned that reducing interest rates too quickly could accelerate price increases, emphasizing the need for a more cautious approach to mana...

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City A.M. • May 20, 2025

Greene King vs Spoons: Who is winning the great British pub battle?

Greene King and JD Wetherspoon, as leading pub chains with extensive locations nationwide, play a significant role in the British economy by generating substantial revenue and offe...

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City A.M. • May 20, 2025

Lloyds Bank boss: No evidence of harm in motor finance scandal

The motor finance controversy has prompted regulatory scrutiny of Lloyds Bank’s past lending practices, highlighting potential risks but so far not revealing financial damage to th...

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City A.M. • May 20, 2025

Centrica: British gas owner to sell stake in North Sea gas field to Ithaca Energy

Centrica’s agreement to transfer nearly half of its interest in the Cygnus asset to Ithaca Energy is expected to generate approximately £215 million, impacting its overall investme...

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City A.M. • May 20, 2025

OBR ridiculed for ‘joke of a salary’ in analyst job offer

The salary range offered for new analyst positions at the UK’s fiscal watchdog has sparked criticism due to its perceived inadequacy relative to the expected responsibilities and j...

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City A.M. • May 20, 2025

Is HSBC turning its back on Europe?

Under Georges Elhedery’s leadership, HSBC initiated a major restructuring focused on streamlining operations and emphasizing growth in Asia-Pacific, which could impact its financia...

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City A.M. • May 20, 2025

Saga more than doubles CEO’s pay despite losing £160m

Despite reporting a substantial financial loss of £160 million, the company significantly increased its chief executive’s compensation to nearly £1.9 million for the fiscal year en...

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City A.M. • May 20, 2025

Diploma: Shares in FTSE 100 firm rocket after profit upgrade

Diploma experienced a notable increase in stock value following improved forecasts and a robust first-half performance, highlighted by a 14 percent rise in revenue reaching £728.5...

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City A.M. • May 20, 2025

Tesco and Sainsbury’s supplier hit in latest cyber attack

The recent cyber incident affecting a primary logistics provider for multiple leading UK supermarkets has caused operational disruptions, potentially impacting supply chains and fi...

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City A.M. • May 20, 2025

Card Factory CEO takes home bumper pay rise

The chief executive of the retailer received a substantial increase in compensation, exceeding £1.5 million, reflecting the company’s strong sales performance during the most recen...

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City A.M. • May 20, 2025

Smiths Group: Shares jumps as demerger on track

Smiths Group experienced a notable increase in quarterly revenue, driven by robust order book growth, contributing to a positive market response amid ongoing separation efforts.

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City A.M. • May 20, 2025

Cranswick: Hummus and chicken demand boost supermarket supplier

Cranswick's increased sales, driven by strong consumer interest in fresh items and strategic acquisitions, contributed to higher-than-anticipated profits and a rise in revenue over...

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