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. • Jul 01, 2025

Manufacturers fear Labour government will ‘derail growth’

Recent data indicates a decline in manufacturing output during June, prompting business owners to assess growth opportunities amid new government policies targeting key industrial...

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City A.M. • Jul 01, 2025

BBC-owned Inside the Factory maker rakes in millions

The production company acquired by the BBC in 2022 experienced a substantial increase in revenue, reaching £14.2 million in the latest financial year compared to £8.9 million previ...

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City A.M. • Jul 01, 2025

Manchester Airports Group takes off amid expansion drive

Manchester Airports Group experienced substantial financial growth this year, marked by increased passenger numbers and higher earnings, as it continues investing heavily in expand...

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City A.M. • Jul 01, 2025

Andrew Bailey warns investment delays hitting UK growth 

Andrew Bailey indicated that postponing business expenditures amid international uncertainties may negatively affect the expansion of the United Kingdom’s economy in the near futur...

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City A.M. • Jul 01, 2025

Eon: UK sales suffer £800m slump as prices fall

Eon’s UK division experienced a substantial decrease in revenue in 2024, with turnover dropping by over £800 million compared to the previous year due to declining wholesale energy...

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City A.M. • Jul 01, 2025

Sweet success for Haribo as sales hit new record

Haribo’s UK division experienced continued growth in 2024, with increased revenue and profit reflecting a strong financial performance compared to the previous year’s figures.

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City A.M. • Jul 01, 2025

From deathbed to boardroom: Omaze CEO reveals how flatlining changed him forever

Matt Pohlson’s near-death experience inspired a transformative approach that has significantly impacted Omaze’s growth and disrupted the luxury real estate industry on a global sca...

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City A.M. • Jul 01, 2025

Surj Sports chief: Saudi parent PIF, investing and league focus

The involvement of Saudi Arabia’s Public Investment Fund in sports has intensified global financial interest, influencing investment patterns and strategic directions within major...

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City A.M. • Jul 01, 2025

FCA ‘concerned’ over number of takeovers leaked to press

The regulatory body highlighted that premature disclosure of takeover information can impact market integrity by causing price fluctuations influenced by early reports rather than...

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City A.M. • Jul 01, 2025

Government calls for investigation as Lindsey refinery owner folds

The collapse of the company managing the Lindsey refinery has raised concerns about potential economic impacts, including job losses and disruptions to oil supply chains, prompting...

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City A.M. • Jul 01, 2025

Sunny spring boosts sales at Sainbury’s

Sainsbury’s experienced a notable increase in both grocery and non-food sales during the spring period, contributing to overall revenue growth that outpaced the broader supermarket...

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City A.M. • Jul 01, 2025

Ofgem gives green light to landmark electric grid upgrade

The approval of a £24 billion investment by the UK regulator marks a major financial commitment to modernize energy infrastructure, supporting the country’s shift toward sustainabl...

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City A.M. • Jul 01, 2025

Stock markets shrinking: where could investors turn for growth?

With a significant reduction in publicly traded companies, investors are increasingly exploring private market opportunities, which now allow for smaller, more accessible investmen...

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City A.M. • Jul 01, 2025

Gousto ‘never better’ after cutting losses by over £50m

Gousto has significantly improved its financial position in 2024 by reducing its pre-tax deficit to £20.3 million, following a substantially higher loss reported in the previous ye...

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City A.M. • Jul 01, 2025

Steel industry demands rapid resolution to tariff uncertainty

The continued uncertainty over export tariffs is causing significant financial strain on steel producers, affecting their competitiveness and investment decisions despite progress...

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City A.M. • Jun 30, 2025

Reeves to cut cash Isa allowance

Rachel Reeves plans to reduce the limit on tax-free cash savings accounts to motivate individuals to invest in domestic companies, aiming to stimulate growth in the UK’s struggling...

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City A.M. • Jun 30, 2025

Landlords pick Manchester over London for higher returns

Investors seeking better rental income are increasingly favoring Manchester, where average returns significantly exceed those in London, despite the city's lower rental prices and...

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City A.M. • Jun 30, 2025

New Companies House filing rules risk ‘own goal’ for UK start-ups and SMEs

From April 2027, updated regulatory requirements will require many UK start-ups and SMEs to provide comprehensive financial disclosures, potentially affecting their ability to attr...

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City A.M. • Jun 30, 2025

Bonuses force Jonathan Ross’ talent agency into the red

The talent agency representing Jonathan Ross and others experienced a significant financial downturn, reporting a pre-tax loss of £1.8 million for the year to April 2024 after prev...

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City A.M. • Jun 30, 2025

Vodafone and Virgin Media O2 strike £343m deal

Virgin Media O2’s payment of £343 million to Vodafone for a portion of mobile spectrum represents a strategic investment aimed at enhancing network capabilities following recent in...

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City A.M. • Jun 30, 2025

City minister doubles down on green finance as firms turn sour

The government remains committed to promoting sustainable investment within the financial sector, emphasizing the UK’s expertise and research capabilities despite recent shifts in...

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City A.M. • Jun 30, 2025

Village Hotels in the red after takeover by Blackstone

In 2024, Village Hotels reported a pre-tax loss of £23.5 million, largely attributed to unusual expenses incurred following its acquisition by an American investment firm.

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City A.M. • Jun 30, 2025

LeBron James opts into £38m contract as Lakers set for $10bn deal

LeBron James’ decision to remain with the Lakers under a substantial new agreement highlights his ongoing value and coincides with the franchise’s impending multibillion-dollar own...

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City A.M. • Jun 30, 2025

Tariffs, not Iran, will define Trump’s presidency

Throughout Trump’s term, trade policies and tariffs are expected to have a more direct impact on economic outcomes and business profitability than geopolitical issues like Iran, ac...

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City A.M. • Jun 30, 2025

Warburtons family in the dough after record sales and profit

The Warburtons family benefited financially as the bakery company achieved unprecedented sales and earnings, resulting in a significantly increased interim dividend totaling £27.2...

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City A.M. • Jun 30, 2025

Randox: Losses widen at Covid-19 testing giant

Randox, a leading Covid-19 testing company based in Northern Ireland, has reported a pre-tax deficit of £51.8 million for the year ending June 30, 2024, following previous substant...

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City A.M. • Jun 30, 2025

Clarks cuts over 1,200 jobs as sales fall by almost £100m

Clarks experienced a significant decrease in revenue and workforce size in the latest financial year, reflecting ongoing challenges in maintaining its previous sales levels and ope...

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City A.M. • Jun 30, 2025

Polar Capital: Profit jumps as boss departs

The company experienced a substantial increase in annual earnings despite challenges in the last quarter, highlighting overall financial growth amid concerns about future market in...

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City A.M. • Jun 30, 2025

Disposable income per head slumps despite economic growth

Although the UK experienced modest economic expansion driven by production, services, and construction sectors, individual earnings available for spending or saving declined notabl...

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City A.M. • Jun 30, 2025

Rayner urged to reform landlord fees in Renters’ Rights Bill

Reforming landlord charges as proposed in the Renters’ Rights Bill could reduce excessive costs, potentially improving affordability for renters and impacting the financial dynamic...

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