GBP/USD 1.355 EUR/GBP 0.862 GBP/JPY 198.769 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.739 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.131 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.118 AUD/NZD 1.091 EUR/AUD 1.782 GBP/USD 1.355 EUR/GBP 0.862 GBP/JPY 198.769 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.739 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.131 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.118 AUD/NZD 1.091 EUR/AUD 1.782
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News from City A.M.

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City A.M. • May 19, 2025

Is this a sweet trade deal with the EU – or does it sound a bit fishy? 

The recently secured agreement with the European Union is expected to enhance economic growth by reducing regulatory barriers and maintaining fishing access in British waters until...

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City A.M. • May 19, 2025

Boris Johnson: Starmer the ‘manacled gimp of Brussels’ after ‘one-sided’ EU trade deal

The referenced EU trade agreement could potentially limit the United Kingdom’s economic autonomy and influence within European markets, raising concerns about its long-term financi...

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City A.M. • May 19, 2025

KKR lashes out against PHP in Assura bidding war

The competitive bids for Assura highlight the potential regulatory challenges and valuation considerations impacting investor decisions and the overall dynamics of the acquisition...

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City A.M. • May 19, 2025

Andy Murray to head up athlete group at London-based Redrice Ventures

Andy Murray’s leadership role at Redrice Ventures marks a strategic move into investment, potentially enhancing the firm’s portfolio through insights from experienced athletes and...

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City A.M. • May 19, 2025

Splitting the G: Is Diageo gearing up to sell off Guinness?

Diageo’s plan to reduce expenses by $500 million over three years, including potential divestitures and workforce reductions, aims to lessen the financial effects of recent trade t...

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City A.M. • May 19, 2025

EY audit of NMC ‘was deficient in multiple respects’ says regulator

The FRC's draft report, to be reviewed by the High Court, highlights several shortcomings in EY's audit of the failed NMC, potentially impacting financial accountability and stakeh...

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City A.M. • May 19, 2025

Pension reforms show the private sector is backing Britain

Seventeen leading UK pension funds have committed a significant portion of their default investments to private markets, directing substantial capital towards domestic opportunitie...

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City A.M. • May 19, 2025

Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform

Changes to the current banking regulations could allow major financial institutions to integrate certain operations, potentially increasing profitability and altering risk manageme...

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City A.M. • May 19, 2025

Defence boom will continue long after Ukraine war, says Panmure

Analysts suggest that European defence companies’ stock values are likely to remain strong over the long term, as geopolitical tensions and military demands are expected to persist...

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City A.M. • May 19, 2025

Inflation set to ramp up after ‘Awful April’

Rising prices driven by recent increases in taxes and utility costs are anticipated to push consumer expenses higher, potentially affecting household budgets and economic stability...

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City A.M. • May 19, 2025

Scheffler passes £60m earnings with US PGA victory

Scottie Scheffler's recent triumph at the US PGA Championship elevated his total career income to over $80 million, placing him among an elite group of golfers in terms of earnings...

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City A.M. • May 19, 2025

UK retail investors flock to gold amid market uncertainty

Due to concerns about changing tariff regulations and rising capital gains tax, many UK individual investors are turning to gold as a potentially more secure and tax-efficient fina...

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City A.M. • May 19, 2025

Terms emerge on UK-EU ‘reset’ talks

The negotiations between the UK and EU are expected to address important economic sectors, potentially influencing trade conditions, market access, and financial cooperation as par...

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City A.M. • May 19, 2025

Liz Truss: UK’s shortest-serving PM rakes in the cash

Following her tenure as Prime Minister, Liz Truss has experienced a notable increase in income, generating £112,657 through a company established with her spouse in the year ending...

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City A.M. • May 19, 2025

Uber ready to go driverless in the UK

If approved by authorities, the introduction of autonomous vehicles could potentially reduce operational costs and reshape transportation expenses within the UK ride-hailing market...

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City A.M. • May 19, 2025

iForex confirms London listing plans and adds City veteran to board

The announcement of iForex’s upcoming debut on the London Stock Exchange marks a significant step toward increased market visibility and potential capital growth through public inv...

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City A.M. • May 19, 2025

Harry Styles’ record label suffers dramatic decline after album and touring success

Despite the commercial achievements of Harry Styles’ latest album and tour, the associated record company experienced a notable reduction in both revenue and earnings during the fo...

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City A.M. • May 19, 2025

Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay

The upcoming regulations will require lenders offering deferred payment options to assess consumers' ability to repay, aiming to enhance oversight and promote responsible borrowing...

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City A.M. • May 19, 2025

Allianz: UK investors must do more to attract tech firms to LSE

The departure of numerous UK technology companies from the London Stock Exchange to pursue listings in New York is expected to continue, potentially impacting investor opportunitie...

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City A.M. • May 19, 2025

Greene King: Pub giant calls for ‘urgent help’ after losing £150m

Greene King experienced a significant financial downturn in 2024, shifting from a substantial profit to a considerable pre-tax deficit, prompting a request for immediate government...

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City A.M. • May 19, 2025

Microsoft is past its glory days says UK fund manager

A UK investment team suggests that Microsoft, despite its current high valuation, might face challenges in sustaining growth compared to other prominent technology companies over t...

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City A.M. • May 19, 2025

Visa for the ‘super rich’ won’t bring back non-doms, MPs say  

The proposed investor visa aims to attract substantial foreign capital to key industries like AI and clean energy, potentially influencing investment flows but not necessarily reve...

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City A.M. • May 19, 2025

National Express owner’s new chair takes up the reins

The appointment of the new chair at Mobico highlights efforts to improve financial performance, as recent revenue growth suggests potential opportunities for increased profitabilit...

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City A.M. • May 19, 2025

Guinness maker Diageo to offset US tariffs with cost cuts

Diageo, a leading beverages company, announced a three-year plan to reduce expenses by $500 million to address financial challenges arising from import duties imposed by the United...

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City A.M. • May 19, 2025

Keir Starmer reaches tentative EU trade deal ahead of summit

The provisional agreement with the EU may enhance cross-border commerce and security cooperation, potentially impacting tariffs, regulatory standards, and investment opportunities...

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City A.M. • May 19, 2025

The defence industry shouldn’t expect a gold rush

Although Labour has made numerous commitments, the anticipated surge in financial growth and investment within the defence sector is unlikely to materialize as a result.

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City A.M. • May 19, 2025

Government urged to prioritise high streets or risk losing seats to Reform

A retail coalition highlighted that declining employment in the sector may impact political support in key regions, emphasizing the need for targeted investment to sustain local ec...

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City A.M. • May 19, 2025

UK house prices continue to rise following stamp duty deadline

The increase in property values in the UK reflects ongoing market adjustments after tax relief changes, with slower buyer interest and fewer new listings influencing overall afford...

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City A.M. • May 18, 2025

Cricketing star Ben Stokes takes stake in alcohol-free Cleanco

Ben Stokes has invested in the alcohol-free spirits company Cleanco, contributing to a $5 million funding round that aims to support the brand’s path toward profitability and inter...

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City A.M. • May 18, 2025

Tesco and Waitrose back King’s challenge to tackle hunger issues

The collaboration among major UK supermarkets aims to increase charitable contributions through customer donations, potentially enhancing support for hunger relief organizations an...

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