GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.641 EUR/USD 1.168 GBP/AUD 2.068 USD/JPY 146.708 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.080 EUR/CAD 1.600 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.049 AUD/NZD 1.091 EUR/AUD 1.783 GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.641 EUR/USD 1.168 GBP/AUD 2.068 USD/JPY 146.708 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.080 EUR/CAD 1.600 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.049 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 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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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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