GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.134 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.349 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 94.077 AUD/NZD 1.076 EUR/AUD 1.773 GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.134 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.349 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 94.077 AUD/NZD 1.076 EUR/AUD 1.773
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News from City A.M.

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City A.M. • Jun 11, 2025

Reform and Tories aligned on Spending Review criticism

The opposition has raised concerns about the government's fiscal strategy, highlighting significant increases in expenditure and borrowing that may impact economic stability throug...

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City A.M. • Jun 11, 2025

London Tech Week day 3: Let’s use that NHS budget on tech

Investing in technological advancements could optimize healthcare resources and contribute to solving major issues like climate change, potentially improving efficiency and outcome...

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City A.M. • Jun 11, 2025

TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension

Transport for London has received a £2 billion funding package over four years, providing significant financial support though specific schedules for key infrastructure projects re...

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City A.M. • Jun 11, 2025

Spending Review: Gilt yields dip in relief for Rachel Reeves

Following the announcement of the government's Spending Review, UK government bond yields declined slightly, indicating investor confidence in the management of increased expenditu...

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City A.M. • Jun 11, 2025

Spending Review: Colossal £25bn for HS2 eclipses other transport pledges

The government’s allocation of £25 billion to HS2 significantly surpasses other transport investments, including £3.5 billion for the Transpennine upgrade and £2.5 billion towards...

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City A.M. • Jun 11, 2025

Reeves’ straitjacket: Why Britain’s spending problem is political, not economic

The debate over the UK’s budget highlights that decisions on public expenditure are influenced more by political priorities than by purely economic forecasts or minor changes in gr...

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City A.M. • Jun 11, 2025

Spending Review: Reeves piles billions into tech as firms cool on UK

The government significantly increased investment in research and development to support technological progress, despite recent withdrawals of several technology companies from the...

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City A.M. • Jun 11, 2025

Spending Review: Whitehall faces axe to fund Reeves’ spending spree

Significant reductions in budgets for key government departments will be implemented to allocate substantial funding toward healthcare improvements and advancements in artificial i...

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City A.M. • Jun 11, 2025

Spending Review: Reeves promises UK will become defence ‘superpower’

Chancellor Rachel Reeves announced an increase in military expenditure to 2.6 percent of GDP by 2027, indicating a significant boost in the UK’s defense-related financial commitmen...

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City A.M. • Jun 11, 2025

End in sight for US-China trade war with ‘framework’ announced in London 

The new agreement between the US and China is expected to ease tariffs and improve trade relations, potentially leading to increased market stability and growth for businesses invo...

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City A.M. • Jun 11, 2025

High Court rules aircraft lenders can recover loss from planes stuck in Russia

The recent court decision establishes that lenders have the legal right to claim financial recovery for planes immobilized in Russia, potentially impacting insurance liabilities re...

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City A.M. • Jun 11, 2025

Optimism on construction boom lifts housebuilder stocks

The recent government commitment to funding infrastructure projects has positively influenced investor confidence, resulting in a notable increase in the stock values of leading ho...

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City A.M. • Jun 11, 2025

Gold tops euro to become central banks’ second favourite reserve asset

Amid increasing economic uncertainty, central banks have increased their holdings of gold, elevating it above the euro to become the second most significant reserve asset globally...

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City A.M. • Jun 11, 2025

Government’s £122m case against Baroness Mone-linked PPE firm kicks off

The Government has initiated a civil claim seeking over £120 million against a personal protective equipment company connected to Conservative peer Michelle Mone and her spouse.

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City A.M. • Jun 11, 2025

Ibstock hikes brick production as UK construction market picks up

By increasing output at multiple facilities, Ibstock aims to capitalize financially on the improving demand in the UK construction sector and address ongoing supply constraints.

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City A.M. • Jun 11, 2025

Volvo issues warning despite record UK sales

Although Volvo's UK division achieved substantial revenue growth and a significant increase in profit in 2024, the company has cautioned investors about potential challenges ahead...

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City A.M. • Jun 11, 2025

Heathrow reports dip in transatlantic travel as Trump turbulence hits demand

Heathrow Airport experienced a decline in the number of passengers flying to North America, impacting revenue growth despite achieving overall record traffic figures during the sam...

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City A.M. • Jun 11, 2025

Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO

EG Group, co-founded by the Issa brothers and partly owned by TDR Capital, experienced a significant decline in earnings just before its anticipated $13 billion stock market debut...

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City A.M. • Jun 11, 2025

Private equity giant KKR returns with final bid for Assura

The £1.7 billion all-cash acquisition of Assura by investment firms KKR and Stonepeak highlights a significant transfer of ownership away from public markets, impacting the London...

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City A.M. • Jun 11, 2025

Salesforce: Labour’s AI plan won’t work without skills push

Economic progress in the UK may be at risk if the development of artificial intelligence is not supported by significant improvements in employee training and skill development.

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City A.M. • Jun 11, 2025

Canadian giant swoops for London-listed Ricardo

The acquisition of the London-based engineering company by a major Canadian consultancy for £281 million highlights a significant foreign investment impacting the valuation and own...

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City A.M. • Jun 11, 2025

Fuller’s toasts stellar year as Brits flock to pubs

Fuller, Smith & Turner experienced notable financial growth with a 4.8 percent increase in revenue, reflecting sustained customer visits to their establishments despite economic ch...

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City A.M. • Jun 11, 2025

Premiership Rugby taps Raine and Deloitte as investors circle

Premiership Rugby is working with financial advisors to explore opportunities for external funding as international investors show increasing interest in acquiring stakes within En...

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City A.M. • Jun 11, 2025

Rolls-Royce shares are champion of FTSE 100, analysts say

The substantial increase in Rolls-Royce’s stock value this year highlights its strong market performance, significantly contributing to investor confidence and influencing the over...

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City A.M. • Jun 11, 2025

Peel Hunt boss renews calls for tax cuts to rescue ailing public markets

The Peel Hunt CEO emphasized that reducing taxes on share transactions could encourage more company listings and improve market activity amid ongoing challenges in public equity ma...

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City A.M. • Jun 11, 2025

Worrying jobs figures show Labour’s Britain is heading for stagflation

Recent employment data indicate a significant increase in joblessness, suggesting that current policies may hinder economic expansion and contribute to a prolonged period of stagna...

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City A.M. • Jun 11, 2025

Exclusive: Coinbase to ‘hire like crazy’ in the UK

Coinbase’s increased recruitment efforts in the UK indicate a strategic move to capitalize on evolving crypto regulations and growing market demand, potentially strengthening its c...

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City A.M. • Jun 10, 2025

Dig up some Royal Ascot Gold with Big Mojo and Flora

The upcoming event presents notable opportunities for investors and enthusiasts to capitalize on potentially lucrative betting markets before significant fluctuations occur during...

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City A.M. • Jun 10, 2025

Diageo mull $2bn sale of IPL side Royal Challengers Bengaluru

Diageo is considering divesting its ownership stake in the Royal Challengers Bengaluru franchise, which could result in a transaction valued at approximately $2 billion, impacting...

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City A.M. • Jun 10, 2025

Correcting the myths about Pisces: what you really need to know

The recent parliamentary regulations concerning Pisces have important implications for financial markets, affecting investment strategies and trading practices within the private s...

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