GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.139 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.345 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.558 EUR/CAD 1.566 GBP/CAD 1.831 AUD/CAD 0.883 AUD/JPY 94.107 AUD/NZD 1.077 EUR/AUD 1.773 GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.139 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.345 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.558 EUR/CAD 1.566 GBP/CAD 1.831 AUD/CAD 0.883 AUD/JPY 94.107 AUD/NZD 1.077 EUR/AUD 1.773
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News from City A.M.

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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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City A.M. • Jun 12, 2025

UK economy shrinks more than expected in blow to Reeves

The unexpected decline in the UK’s economic output during April indicates a potential slowdown that may affect investor confidence and hinder short-term financial recovery efforts.

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City A.M. • Jun 12, 2025

Crest Nicholson: Profit triples as housing market recovers

Crest Nicholson's financial results show a significant improvement, with pre-tax profit rising substantially compared to previous losses, reflecting better market conditions and co...

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City A.M. • Jun 12, 2025

Tesco: Supermarket giant widens market share amid price war

Tesco reported increased sales in both food and non-food categories during the opening quarter, reflecting its strengthening position within the competitive UK grocery sector amids...

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City A.M. • Jun 12, 2025

Will Pret a Manger’s IPO be a tasty treat for the City?

Pret a Manger’s public offering could attract considerable investor interest, potentially boosting market activity and reflecting broader appetite for consumer-focused food and bev...

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City A.M. • Jun 12, 2025

Could Pisces replace AIM, or will it crash and burn?

The introduction of the Pisces private market framework may impact private company share trading by offering new opportunities for exchange operators, potentially reshaping the mar...

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City A.M. • Jun 12, 2025

Reeves’ spending spree could open £20bn gap – which taxes will rise?

The substantial increase in government expenditure may create a significant budget shortfall, potentially leading to higher taxes if the anticipated economic growth does not materi...

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City A.M. • Jun 12, 2025

FCA chief: Court delays denying victims justice

Prolonged legal proceedings are hindering timely resolution for those affected by financial offenses and impeding the development of more effective oversight within the financial s...

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City A.M. • Jun 12, 2025

Bargain Britain: UK firms under siege by foreign takeovers

Recent acquisitions by international investors and private equity groups have significantly impacted UK financial markets, reflecting increased foreign influence over domestic comp...

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City A.M. • Jun 12, 2025

How worried should Ed Miliband be about the CBI’s net zero U-turn?

The CBI’s reversal on net zero cost assessments could impact economic planning and investment decisions related to climate policies, influencing financial strategies across multipl...

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City A.M. • Jun 11, 2025

Premier League operating profit hits five-year high as PSR bites

The top division’s combined financial gains rose substantially in 2023-24, reflecting increased focus on fiscal responsibility prompted by new regulatory measures affecting club sp...

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City A.M. • Jun 11, 2025

Only roaring growth can save Reeves, and the country

Sustained and rapid economic expansion is crucial for Reeves and the nation to improve fiscal stability and address ongoing financial challenges effectively.

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City A.M. • Jun 11, 2025

Economists warn Rachel Reeves could be forced to make ‘£20bn tax grab’

Following the announcement of increased government expenditures across various sectors, experts indicate that significant revenue increases may be necessary to address fiscal chall...

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