GBP/USD 1.358 EUR/GBP 0.863 GBP/JPY 198.700 EUR/USD 1.171 GBP/AUD 2.071 USD/JPY 146.357 USD/CAD 1.368 AUD/USD 0.656 CAD/JPY 106.972 EUR/CAD 1.603 GBP/CAD 1.857 AUD/CAD 0.897 AUD/JPY 95.951 AUD/NZD 1.090 EUR/AUD 1.787 GBP/USD 1.358 EUR/GBP 0.863 GBP/JPY 198.700 EUR/USD 1.171 GBP/AUD 2.071 USD/JPY 146.357 USD/CAD 1.368 AUD/USD 0.656 CAD/JPY 106.972 EUR/CAD 1.603 GBP/CAD 1.857 AUD/CAD 0.897 AUD/JPY 95.951 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 03, 2025

HSBC sells UK life insurance arm in latest European retreat

HSBC’s divestment of its UK life protection business for £260 million reflects a strategic shift in its European operations, with the buyer financing the acquisition through loans...

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City A.M. • Jul 03, 2025

Relief for startups as government U-turns on onerous Companies House rules

The government’s reversal on proposed Companies House regulations is expected to ease financial reporting burdens for small businesses, potentially reducing compliance costs and ad...

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City A.M. • Jul 03, 2025

Regulator blocks Richard Branson’s bid to bring back Virgin trains

The rail regulator’s decision to deny track access rights to Virgin Management and others prevents the potential reintroduction of Virgin trains, impacting future competition and i...

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City A.M. • Jul 03, 2025

Watches of Switzerland: Trump tariffs spark hike luxury timepiece prices

The introduction of a 10 percent duty on imported items has led to anticipated cost increases for many high-end watches sold by the company in the U.S., affecting its market value.

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City A.M. • Jul 03, 2025

Currys shares soar after retailer posts growth across divisions

Currys experienced a notable rise in cash flow and profit before tax for the fiscal year ending May 3, 2025, reflecting strong performance in both physical stores and online sales...

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City A.M. • Jul 03, 2025

‘Fair business’ for Aquis stocks to get into crypto, exchange boss says

The acquisition of Aquis by Six for £225 million highlights a strategic move that could influence market dynamics as firms increasingly integrate digital assets into their financia...

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City A.M. • Jul 03, 2025

‘We welcome Renters’ Rights Bill. It’ll make us up our game’: Goodlord CEO William Reeve

The introduction of new rental legislation is expected to create financial opportunities by encouraging innovation and improving service standards within the property management in...

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City A.M. • Jul 03, 2025

Forget stocks and shares, the history of the City is all about shoes

The City of London’s economic past is closely connected to the footwear industry, which has played a notable role in shaping its commercial development over the centuries.

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City A.M. • Jul 03, 2025

Markets are ignoring global instability – but a reckoning looms

Although financial markets currently maintain steady gains supported by central bank actions, underlying geopolitical tensions and economic uncertainties suggest a potential sharp...

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City A.M. • Jul 03, 2025

Battersea power station lights the way for regenerating our high streets

Investment in mixed-use projects similar to Battersea Power Station, supported by private funding, has the potential to revitalize struggling commercial areas affected by recent ta...

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City A.M. • Jul 03, 2025

Keir Starmer rocked by full-blown crisis as PM marks first year in office

Financial markets reacted with increased uncertainty amid political instability and internal party tensions following concerns about leadership decisions and economic policy direct...

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City A.M. • Jul 03, 2025

Labour versus the bond markets, businesses and ballots

Labour’s leadership faces considerable financial challenges following reduced confidence from investors and internal party members, highlighting increased pressure on the party’s e...

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City A.M. • Jul 03, 2025

Mark Kleinman: BP risks being left a Shell without new chair

Without appointing a new leader, BP could face challenges in maintaining its market position and investor confidence amid ongoing industry consolidation and competitive pressures.

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City A.M. • Jul 02, 2025

Business confidence hit by tax fears as Rachel Reeves’ headroom crumbles

Concerns about potential increases in taxation have significantly affected company optimism, with many firms expressing worry over their future financial obligations amid ongoing p...

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City A.M. • Jul 02, 2025

M&A volumes jump as US bidders snap up UK tech 

The increased acquisition activity by American investors targeting British technology firms has significantly boosted merger and acquisition transactions, reflecting a growing inte...

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City A.M. • Jul 02, 2025

Gilt yields spike on Keir Starmer’s refusal to back ‘visibly upset’ Reeves

The uncertainty surrounding Labour’s leadership and policy changes contributed to increased government borrowing costs, reflecting investor concerns about the party’s fiscal strate...

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City A.M. • Jul 02, 2025

Motor finance drags FOS complaints to highest since PPI scandal

The rise in complaints related to motor finance significantly contributed to a substantial increase in overall cases handled by the Financial Ombudsman Service, reaching levels not...

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City A.M. • Jul 02, 2025

Bank of England policymaker urges faster interest rate cuts

A member of the Bank of England’s policy committee advocated for a quicker reduction in borrowing costs to support economic stability amid fluctuating inflation rates and recent de...

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City A.M. • Jul 02, 2025

Profit at The Macallan whisky owner slashed as sales slide

Edrington experienced a significant decline in pre-tax earnings for the fiscal year ending March 2025, reflecting lower revenue across its portfolio of whisky brands.

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City A.M. • Jul 02, 2025

Reeves on growth ‘hell slide’ after welfare U-turn as rebels call for wealth tax

Rachel Reeves’ plans to promote economic expansion while maintaining strict budget guidelines are challenged by the reversal of welfare reforms, which reduces expected savings and...

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City A.M. • Jul 02, 2025

Trump’s Scottish golf tournament gets crypto sponsor in Nexo

The involvement of a cryptocurrency company as a major sponsor provides significant new revenue streams and financial support for the European golf tour and its prominent tournamen...

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City A.M. • Jul 02, 2025

Former UBS banker wins top court battle in £80m divorce row

A former investment professional has secured a favorable court ruling in a lengthy divorce dispute involving substantial assets connected to complex tax arrangements, marking a sig...

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City A.M. • Jul 02, 2025

Losing AstraZeneca would be more than a bitter pill for the City – it could be fatal

The potential departure of AstraZeneca from the London Stock Exchange poses a serious financial threat, highlighting the need for government reforms to maintain the market’s compet...

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City A.M. • Jul 02, 2025

Labour urged to scrap state pension triple lock

The Institute for Fiscal Studies recommends ending the current pension guarantee worth £145 billion and introducing mandatory employer contributions to private pension plans to add...

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City A.M. • Jul 02, 2025

Secure Trust Bank: Jobs at risk as lender exits motor finance

By discontinuing new loans in its vehicle finance sector and gradually reducing its current portfolio, Secure Trust Bank aims to improve profitability but may face workforce reduct...

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City A.M. • Jul 02, 2025

Aston Villa sign UK licensed Xapo Bank as club partner

The collaboration between Aston Villa and Xapo Bank is expected to enhance the club’s financial opportunities by leveraging cryptocurrency services during their upcoming internatio...

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City A.M. • Jul 02, 2025

Whisky Business: Commando Spirit’s unique brand

Commando Spirit, developed by a former Royal Marines brigadier, represents a growing trend of smaller whisky producers gaining market share and contributing to increased competitio...

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City A.M. • Jul 02, 2025

Greggs: Shares crater as sweltering June set to hit profit

Greggs anticipates a decline in annual earnings due to challenging weather conditions in June, despite overall sales increasing by nearly 7 percent in the first half of the year.

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City A.M. • Jul 02, 2025

BBC facing fight to retain £60m Wimbledon broadcast rights

The BBC may need to allocate substantially more funds to secure ongoing exclusive Wimbledon broadcasting rights after 2027 due to intensified rivalry among networks for major tenni...

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City A.M. • Jul 02, 2025

UK on track for biggest year of takeovers since 2021

The substantial increase in acquisition activity in the UK reflects significant capital movement, with numerous companies leaving public markets through high-value deals primarily...

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