GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.656 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.742 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.099 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.054 AUD/NZD 1.091 EUR/AUD 1.783 GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.656 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.742 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.099 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.054 AUD/NZD 1.091 EUR/AUD 1.783
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News from City A.M.

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City A.M. • Jul 08, 2025

Charities ‘penalised’ by Rachel Reeves’ taxes   

The increase in employers' national insurance contributions has raised operational costs for many charities, potentially reducing their available resources and affecting staff comp...

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City A.M. • Jul 08, 2025

Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax

Health Minister Stephen Kinnock indicated that the government is seriously considering implementing a tax targeting accumulated assets, reflecting increased political support follo...

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City A.M. • Jul 08, 2025

Shein files for Hong Kong IPO as London listing prospects wane

Shein's decision to pursue a public offering in Hong Kong reflects a strategic shift aimed at securing capital amid diminishing opportunities for its previously considered London m...

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City A.M. • Jul 08, 2025

Trump tariffs: Fresh delay as UK steel exemption hangs in the balance

The postponement of revised import duties on British steel creates uncertainty in trade relations, potentially affecting market stability and the economic outlook for industries re...

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City A.M. • Jul 08, 2025

There’s more to philanthropy than writing cheques

Philanthropic efforts contribute significant value by combining financial resources with skills, time, and leadership, enhancing the overall impact on addressing critical social is...

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City A.M. • Jul 08, 2025

Labour voters are suffering from buyers’ remorse

A significant portion of individuals who supported Labour in the 2024 General Election now express regret, which could potentially influence future economic policies and market con...

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City A.M. • Jul 07, 2025

I’m the only disabled director in the FTSE 100 – these are three questions every CEO must ask

Greater inclusion of employees with disabilities can unlock significant economic value for companies by enhancing diversity, improving innovation, and expanding access to a broader...

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City A.M. • Jul 07, 2025

Tesla shares slide after Musk plots new political party in latest Trump snub

Tesla's market value declined notably following CEO Elon Musk's announcement of a new political party, resulting in a significant drop in the company's stock price during early tra...

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City A.M. • Jul 07, 2025

Downing Street flirts with wealth tax despite exodus fears 

The potential introduction of a wealth tax in the UK may impact high-net-worth individuals’ financial decisions, possibly increasing tax revenues while raising concerns about accel...

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City A.M. • Jul 07, 2025

Rachel Reeves warned cash ISA reforms will hike mortgage costs 

Proposed changes to reduce the tax-free savings limit are expected to increase borrowing expenses, potentially affecting both homeowners and business borrowers across the country.

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City A.M. • Jul 07, 2025

Financial services brace for more job cuts as clouds gather

The financial sector is anticipating a significant rise in workforce reductions due to declining investment confidence and a notable slowdown in business activity during the recent...

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City A.M. • Jul 07, 2025

Rachel Reeves urged to rip up ring-fencing in banking growth push

Removing the current banking separation rules could enable major financial institutions to expand more freely, potentially enhancing their global market presence and contributing t...

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City A.M. • Jul 07, 2025

Exclusive: Lloyds and Barclays bleed millions in complaint fees

Several major UK banks, including Lloyds and Barclays, collectively contributed nearly £39 million in administrative charges to the Financial Ombudsman Service over the past financ...

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City A.M. • Jul 07, 2025

Analysis: A US-EU trade deal looks unlikely. What does that mean for the UK?

The potential lapse of the EU-US agreement could lead to increased tariffs and economic uncertainty, potentially impacting the UK’s trade environment despite its absence from negot...

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City A.M. • Jul 07, 2025

UK housing market faces ‘considerable upheaval’ as sellers lose confidence

The combination of economic uncertainty and recent tax adjustments has led to stagnating property values, potentially impacting buyer behavior and overall market activity in the UK...

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City A.M. • Jul 07, 2025

Rolls-Royce investors ‘have made a mint’ as shares near £10

Rolls-Royce’s stock performance has generated substantial returns for shareholders, with its market value surpassing £80 billion following a significant recovery since the pandemic...

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City A.M. • Jul 07, 2025

Burberry shares back in fashion after doubling in value to near FTSE 100 return

Burberry’s market value has significantly increased over the past quarter, reflecting investor confidence and positioning the company closer to rejoining the prominent FTSE 100 ind...

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City A.M. • Jul 07, 2025

Octopus’s Greg Jackson: We have been gaslit by vested interests

Greg Jackson’s remarks highlight ongoing tensions in the energy sector as government decisions on market restructuring could significantly impact investment, pricing strategies, an...

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City A.M. • Jul 07, 2025

Apple: UK tax bill surges as profit passes £1bn

Apple’s recent financial disclosures reveal a substantial increase in its UK corporation tax contributions, reflecting a noteworthy rise in profitability exceeding one billion poun...

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City A.M. • Jul 07, 2025

Hiring confidence worst in 13 years as businesses brace for further tax hikes

Businesses are reducing recruitment efforts due to increased financial pressures from recent and anticipated tax increases, leading to cautious spending despite signs of economic i...

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City A.M. • Jul 07, 2025

Plus500 profit rises amid expansion drive

The fintech company experienced increased quarterly earnings and customer growth, reflecting the financial impact of its ongoing efforts to enter new international markets such as...

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City A.M. • Jul 06, 2025

Ministers ‘pushed ahead too fast’ on welfare reform, says Phillipson

The education secretary acknowledged that advancing welfare reforms quickly affected careful financial planning, making upcoming budget allocations more challenging amid potential...

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City A.M. • Jul 06, 2025

State pension could face insolvency by 2036 despite tax hikes

New projections suggest that government welfare spending may exceed revenue from National Insurance within the next decade, potentially jeopardizing the long-term viability of the...

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City A.M. • Jul 06, 2025

Hospitality jobs slump as Reeves’ National Insurance hike bites 

The recent increase in employers’ national insurance payments has coincided with a significant reduction in employment within the UK hospitality sector, reversing prior job growth...

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City A.M. • Jul 05, 2025

Women’s Euro 2025 ads: Why ITV scores but BBC, Visa and Sports Direct miss

ITV’s advertising during Women’s Euro 2025 demonstrates strong commercial impact, while other major sponsors and broadcasters face challenges in capitalizing on the tournament’s gr...

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City A.M. • Jul 05, 2025

Reeves warns ministers tax rises are coming after loss of ‘low hanging fruit’

Chancellor Rachel Reeves indicated that increasing revenue through higher taxes may be necessary due to limited alternatives following policy reversals impacting government funding...

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City A.M. • Jul 05, 2025

Multi-club ownership: Why EFL rule change will help in transfer market

The EFL's updated regulations allowing clubs to invest in teams across Ireland and Scotland are expected to increase player trading opportunities and potentially enhance the financ...

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City A.M. • Jul 05, 2025

 £2bn for UK tech, so why is public money still going to US cloud giants?

Despite a significant government investment aimed at advancing domestic artificial intelligence, British technology continues to depend heavily on overseas cloud service providers...

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City A.M. • Jul 04, 2025

Taxpayers on the hook for at least £1bn after Lindsey oil refinery closure

The closure of the Lindsey oil refinery may result in over £1 billion in financial liabilities for taxpayers, including substantial unpaid taxes and potentially significant decommi...

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City A.M. • Jul 04, 2025

Economists urge fiscal discipline after ‘rollercoaster’ week for bond market

Analysts emphasize the importance of careful budget management as recent sharp fluctuations in government borrowing costs highlight vulnerabilities in the nation’s financial stabil...

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