GBP/USD 1.357 EUR/GBP 0.863 GBP/JPY 198.652 EUR/USD 1.171 GBP/AUD 2.072 USD/JPY 146.350 USD/CAD 1.369 AUD/USD 0.655 CAD/JPY 106.923 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.897 AUD/JPY 95.879 AUD/NZD 1.090 EUR/AUD 1.787 GBP/USD 1.357 EUR/GBP 0.863 GBP/JPY 198.652 EUR/USD 1.171 GBP/AUD 2.072 USD/JPY 146.350 USD/CAD 1.369 AUD/USD 0.655 CAD/JPY 106.923 EUR/CAD 1.603 GBP/CAD 1.858 AUD/CAD 0.897 AUD/JPY 95.879 AUD/NZD 1.090 EUR/AUD 1.787
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News from City A.M.

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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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City A.M. • Jul 04, 2025

London IPO fundraising slumps to 30 year low

The sharp decline in capital raised through public listings in London highlights weakened investor confidence and poses challenges for businesses seeking to access equity funding i...

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City A.M. • Jul 04, 2025

Mike Ashley tightens grip on Hugo Boss amid dividend demand

By increasing its ownership stake to over 32 percent, Frasers Group has gained greater influence in Hugo Boss, potentially impacting the company's dividend policies and financial d...

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City A.M. • Jul 04, 2025

Housebuilding boost as stamp duty ‘disruptions’ fade

The recent rise in residential construction activity helped stabilize the overall building sector, reflecting a modest improvement in business conditions and easing previous financ...

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City A.M. • Jul 04, 2025

FTSE 100 pay revolts double as race with US rivals heats up

Shareholder opposition to executive compensation among major UK companies surged in early 2025, reflecting growing concerns about rising pay packages amid increased competition wit...

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City A.M. • Jul 04, 2025

Apollo-backed group makes £5.7bn swoop for Pension Insurance Corporation

The acquisition of Pension Insurance Corporation by Athora, supported by Apollo, represents a major financial move that significantly increases combined assets and expands coverage...

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City A.M. • Jul 03, 2025

Bank of England ‘open minded’ on use of stablecoins in wholesale markets

The Bank of England’s more flexible approach to stablecoins in wholesale financial markets could influence future regulatory frameworks and impact the efficiency and security of di...

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City A.M. • Jul 03, 2025

Rachel Reeves’ cash ISA plans would ‘choke mortgages’

Reducing the tax-exempt savings limit could limit the funds available for mortgages, potentially making it more difficult for homebuyers to secure financing during a period of econ...

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City A.M. • Jul 03, 2025

Supermarkets hit out at government plans to cut calories from Brits’ baskets

Retail executives warn that the proposed government regulations aimed at lowering calorie consumption may increase operational expenses for stores without effectively improving the...

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City A.M. • Jul 03, 2025

Why did Santander buy TSB?

Santander’s acquisition of TSB, valued at £2.9 billion, is expected to expand its customer base and increase its mortgage and deposit holdings, moderately impacting the banking sec...

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City A.M. • Jul 03, 2025

Consumer spending drives ‘healthy pickup’ for UK businesses 

Increased expenditure by households and companies has contributed positively to commercial performance, highlighting economic resilience even as rising costs and taxation continue...

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City A.M. • Jul 03, 2025

CBI on hunt for Soames successor

The appointment of a new leader for the CBI is financially important, as it will influence the direction and stability of one of the UK's key business organizations in the coming y...

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City A.M. • Jul 03, 2025

Gilts back to where they were before Rachel Reeves’ tears

UK government bond prices have returned to previous levels prior to recent emotional events in parliament, reflecting market reassurance following supportive comments from key poli...

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City A.M. • Jul 03, 2025

Top Tory slams FCA ‘mission creep’ after misconduct rules expanded

The expansion of regulatory requirements by the UK financial authority to cover a wider range of inappropriate behavior may increase compliance costs and affect operational practic...

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