GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.147 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.306 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.505 EUR/CAD 1.567 GBP/CAD 1.832 AUD/CAD 0.883 AUD/JPY 94.077 AUD/NZD 1.076 EUR/AUD 1.774 GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.147 EUR/USD 1.148 GBP/AUD 2.074 USD/JPY 145.306 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.505 EUR/CAD 1.567 GBP/CAD 1.832 AUD/CAD 0.883 AUD/JPY 94.077 AUD/NZD 1.076 EUR/AUD 1.774
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News from City A.M.

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City A.M. • Jun 06, 2025

Has Klarna’s buy now, pay later bubble burst?

Klarna’s substantial revenue achievements illustrate its key role in the rapidly expanding global market projected to exceed $560 billion by 2025, highlighting its notable financia...

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City A.M. • Jun 06, 2025

Russia is running rings around out sanction regime

The ongoing activities of unauthorized hackers and vessels undermine current restrictions, potentially leading to increased economic challenges and highlighting the need for expand...

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City A.M. • Jun 06, 2025

Merricks v Mastercard: Low funder payout risks future UK class action

The decision in Merricks v Mastercard highlights how limited remuneration for litigation funders may deter future class actions, potentially affecting consumer access to collective...

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City A.M. • Jun 06, 2025

Rhode Beauty: How Hailey Bieber earned her $1bn payday

Hailey Bieber's success with Rhode demonstrates how leveraging community engagement instead of traditional advertising strategies can lead to a highly valuable financial outcome ex...

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City A.M. • Jun 05, 2025

Calls to overhaul UK’s ‘outdated’ sanctions regime

Reforming the UK’s sanctions framework could enhance its effectiveness in addressing contemporary financial crimes and international conflicts, potentially improving economic secur...

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City A.M. • Jun 05, 2025

David Cameron joins DLA Piper

David Cameron’s addition to DLA Piper is expected to enhance the firm’s advisory capabilities, potentially attracting new clients and expanding its influence in international legal...

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City A.M. • Jun 05, 2025

International Energy Products’s export strength earns King’s Award for Enterprise

International Energy Products’ strong performance in global markets highlights its substantial contribution to the UK economy through increased revenue and expanded international s...

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City A.M. • Jun 05, 2025

Octopus Money CEO: Cash ISA saving can be ‘over-comforting’

Ruth Handcock, CEO of Octopus Money, highlighted that many individuals may feel too secure with cash ISA savings, potentially overlooking more advantageous investment opportunities...

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City A.M. • Jun 05, 2025

Midland Aerospace: a journey from the brink to a King’s Award for Enterprise

Midlands Aerospace overcame severe financial challenges and industry setbacks to achieve sustained growth and national recognition for its innovative contributions to the aerospace...

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City A.M. • Jun 05, 2025

GeoPura: the breakthrough energy technology building a greener future

Investing in innovative renewable energy solutions offers businesses the opportunity to reduce environmental impact while achieving profitable returns and contributing to the trans...

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City A.M. • Jun 05, 2025

The third-generation chemical firm proving that family businesses can be global traders

ReAgent Chemical Services has grown steadily over generations, demonstrating how a family-owned company can expand internationally and achieve significant economic impact in the ch...

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City A.M. • Jun 05, 2025

Labour’s not for turning but the Inheritance Tax battle will rumble on

The ongoing protests by farmers against proposed changes to inheritance tax highlight the considerable economic impact these reforms may have on agricultural communities and estate...

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City A.M. • Jun 05, 2025

British businesses celebrated in third year of The King’s Awards for Enterprise

A total of 197 companies across various industries were acknowledged for their contributions to economic growth and innovation, highlighting their important impact on the financial...

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City A.M. • Jun 05, 2025

LTA pledges equal prize money at Queen’s Club by 2029

The decision to provide equal financial rewards for male and female competitors at major tournaments reflects a commitment to fairness and could influence future sponsorship and re...

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City A.M. • Jun 05, 2025

IAG: British Airways owner faces shareholder revolt

Investors in the British Airways parent company are preparing to challenge executive compensation plans, including a significant share grant to the CEO, potentially impacting share...

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City A.M. • Jun 05, 2025

ECB cuts interest rates as UK ‘hesitation’ risks dealmaking strength

The reduction in eurozone interest rates to two percent may influence borrowing costs and investment decisions, potentially impacting economic growth and financial stability across...

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City A.M. • Jun 05, 2025

Week in Business: Warning lights in the City as another firm quits London for New York

The departure of additional companies from London to New York highlights ongoing challenges for the UK's financial sector, suggesting a potential shift in market confidence and inv...

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City A.M. • Jun 05, 2025

Wickes jumps up to FTSE 250 as National Express owner axed

Wickes' recent stock price increase has resulted in its inclusion in the FTSE 250 index, reflecting a shift in market rankings that has led to other companies being removed from th...

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City A.M. • Jun 05, 2025

Investors cheer Dr Martens’ turnaround plan – but will it work?

Dr Martens’ shares rose significantly as the company unveiled a strategic shift aimed at capitalizing on its leather goods segment to drive future growth and diversify its product...

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City A.M. • Jun 05, 2025

Dr Martens: Shoemaker broadens range of sandals and bags as profit plummets

Dr Martens plans to diversify its product lineup to include various footwear and accessories as it responds to a significant decline in earnings over the past year.

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City A.M. • Jun 05, 2025

Average earners dragged into IHT net – how can you reduce your taxes?

Recent changes requiring pensions to be counted in estates for tax calculations have increased the number of middle-income individuals subject to inheritance tax, contributing to a...

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City A.M. • Jun 05, 2025

Rob Cross: Darts star banned as director over unpaid tax of £450,000

Rob Cross has received a five-year prohibition from holding directorships following his company’s significant failure to settle a tax debt exceeding £460,000 with HM Revenue and Cu...

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City A.M. • Jun 05, 2025

Pisces: FCA’s private stock market will worsen FOMO investing

The introduction of the FCA’s private stock market aims to increase investment opportunities, though it may unintentionally encourage investors to make decisions based on fear of m...

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City A.M. • Jun 05, 2025

ONS blames government figures after revealing April inflation error

The miscalculation in April’s inflation rate, caused by incorrect vehicle excise duty data, may impact economic policy decisions and market confidence in official financial statist...

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City A.M. • Jun 05, 2025

Double blow to London as Cobalt Holdings abandons IPO

Cobalt Holdings' decision to cancel its $230 million stock launch in London adds to recent challenges for the UK financial markets, following the departure of Wise to the United St...

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City A.M. • Jun 05, 2025

FCA: Motor finance redress scheme must keep market afloat

The proposed compensation program for the motor finance sector aims to maintain market stability while protecting consumer interests, highlighting its critical role in supporting t...

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City A.M. • Jun 05, 2025

Boots: Profit jumps after closing hundreds of stores

Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...

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City A.M. • Jun 05, 2025

Mitie Group makes bid for Lord Ashcroft-founded Marlowe

Mitie Group’s proposed acquisition of Marlowe, valued at £366 million, aims to enhance operational efficiency and capitalize on recent revenue growth within the outsourcing sector.

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City A.M. • Jun 05, 2025

Wizz Air: Shares tank as profit tumbles

Wizz Air experienced a significant decline in annual operating profit due to ongoing supply disruptions and geopolitical challenges, leading to a sharp decrease in its stock value...

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City A.M. • Jun 05, 2025

Young’s: Pub giant raises dividend as earnings jump

Young & Co’s increased its shareholder payments following a notable rise in revenue and profitability, reflecting strong financial performance despite higher operational expenses a...

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