GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.656 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.742 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.099 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.054 AUD/NZD 1.091 EUR/AUD 1.783 GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.656 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.742 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.099 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.054 AUD/NZD 1.091 EUR/AUD 1.783
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News from City A.M.

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City A.M. • Jun 30, 2025

Private sector braced for sharp decline, CBI warns

The UK’s private sector is expected to experience a significant downturn soon, reflecting ongoing challenges in business confidence despite government efforts to stimulate growth t...

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City A.M. • Jun 30, 2025

House sales keep increasing but price inflation slows

Despite a sustained rise in property transactions reaching a four-year high, the pace of price growth has moderated, reflecting increased market supply and a more balanced housing...

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City A.M. • Jun 30, 2025

City watchdog takes on advice gap to unlock growth 

The Financial Conduct Authority aims to enhance market involvement by providing specialized assistance to individuals with specific financial challenges, potentially fostering incr...

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City A.M. • Jun 29, 2025

Ex LSEG boss slams London stock market ‘gimmicks’

Xavier Rolet, former head of LSEG, criticized UK market regulators for prioritizing short-term solutions over sustainable improvements, highlighting concerns about the long-term fi...

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City A.M. • Jun 28, 2025

LSE boss calls for long-term campaign to get Brits investing again

The leader of the London Stock Exchange emphasized the importance of initiating a sustained effort to boost public participation in UK investments, aiming to support the market’s e...

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City A.M. • Jun 28, 2025

Brussels’ tobacco ban risks fuelling illegal immigration

Increasing tobacco taxes in the EU may inadvertently boost underground markets and human trafficking, potentially leading to higher economic costs related to enforcement and border...

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City A.M. • Jun 27, 2025

Cannes Lions: Athletes, algorithms and the ascent of women’s sport

The growing investment in women's sports and athlete-driven ventures highlights the sector's increasing value as a key driver of marketing innovation and significant commercial opp...

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City A.M. • Jun 27, 2025

London’s 5G rollout is being strangled by a failed legal model

The ineffective regulatory framework has discouraged funding, led to extensive legal disputes, and consequently delayed the expansion of advanced wireless networks, impacting econo...

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City A.M. • Jun 27, 2025

Metlen moves listing to London in £5bn boost for City

The planned relocation of a major Greek mining and energy company's listing to London this August is expected to inject over £5 billion into the city's struggling financial market.

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City A.M. • Jun 27, 2025

Bond markets calm despite government benefits u-turn

Despite the government reversing its benefits policy resulting in increased public spending, the UK government borrowing costs remained steady with minimal changes in bond yields d...

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City A.M. • Jun 27, 2025

Labour’s welfare U-turn spikes fears of tax hikes

The government’s reversal on welfare reforms is expected to reduce anticipated savings, potentially increasing fiscal pressures and raising concerns about the need for additional r...

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City A.M. • Jun 27, 2025

Aston Martin tariff hit sinks UK car output to 76-year low

The introduction of import duties has significantly disrupted vehicle manufacturing in the UK, causing production levels to fall to a historic low not seen in over seven decades.

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City A.M. • Jun 27, 2025

Heathrow eyes earnings crunch as national insurance hike weighs

London Heathrow anticipates a reduction in its 2025 profitability as increased employer national insurance payments contribute to higher operational expenses, potentially lowering...

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City A.M. • Jun 27, 2025

Cavendish chiefs: Markets need tax incentive to turn heads

Leaders at Cavendish emphasize that implementing favorable tax measures could enhance market activity and support listing growth, especially during the current downturn in mergers...

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City A.M. • Jun 27, 2025

Is Labour changing its mind about the OBR?

Labour’s shifting perspective highlights concerns that relying on economic forecasts may not effectively address the ongoing challenges related to the UK’s public finances and gove...

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City A.M. • Jun 27, 2025

Jeremy Hunt ‘made mistake’ in taxing non doms

The decision to eliminate the special tax status for non-domiciled residents resulted in increased government revenue by billions, impacting both tax policy and contributions from...

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City A.M. • Jun 26, 2025

Starling Bank sets sights on US expansion

Starling Bank’s move to enter the US market aims to enhance its revenue streams and offset recent profit declines by tapping into new customer bases and expanding its international...

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City A.M. • Jun 26, 2025

The Eastern City BID Announces £100,000 Funding and Two-Year Partnership with Providence Row

The Eastern City Business Improvement District is allocating £100,000 and establishing a collaborative relationship with Providence Row for two years to advance support initiatives...

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City A.M. • Jun 26, 2025

Alibaba launches competition for UK and European SMEs

The new contest backed by Alibaba offers UK and European small businesses a combined prize fund of £750,000, aiming to promote innovative solutions with strong commercial prospects...

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City A.M. • Jun 26, 2025

What happened to River Island?

River Island faces financial challenges due to decreasing revenue and competitive pressures, prompting a strategic overhaul that may result in shutting down physical locations to s...

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City A.M. • Jun 26, 2025

City regulators must work more constructively with businesses, experts say

Improving collaboration between regulatory bodies and companies could reduce expenses associated with compliance, potentially enhancing operational efficiency and fostering a more...

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City A.M. • Jun 26, 2025

City minister opens door to weakening banks ombudsman 

The potential reduction of authority for the Financial Ombudsman Service may impact how consumer disputes are resolved, influencing the regulatory environment and operational risks...

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City A.M. • Jun 26, 2025

Southampton owner Solak steps up £170m fight with London fund

Dragan Solak's intensified dispute with a major investment firm involves a substantial financial claim that could impact the ownership and management structure of his telecommunica...

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City A.M. • Jun 26, 2025

Bailey watching labour market softening ‘very closely’

The Bank of England’s leadership is closely monitoring recent indicators of weakening employment conditions, as changes in labor dynamics could influence future monetary policy dec...

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City A.M. • Jun 26, 2025

Sandwich or Confectionery? M&S strawberry sandwich raises VAT questions

The launch of M&S’s strawberry treat has sparked discussion about how it should be classified for tax purposes, potentially affecting the value-added tax applied to similar food it...

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City A.M. • Jun 26, 2025

Trump’s renewed Fed attacks help pound climb to three-year high

The pound’s rise to a multi-year peak against the dollar reflects market reactions to political developments affecting expectations about the Federal Reserve’s future leadership an...

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City A.M. • Jun 26, 2025

Labour welfare row will lead to tax hikes and higher interest rates

Ongoing political disagreements within the Labour government may limit monetary policy flexibility, potentially resulting in increased borrowing costs and additional tax pressures...

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City A.M. • Jun 26, 2025

Former Barclays boss Jes Staley fails to overturn leadership ban

Jes Staley’s upheld prohibition on executive roles may impact market confidence and corporate governance perceptions, potentially influencing Barclays’ leadership stability and inv...

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City A.M. • Jun 26, 2025

Week in Business: Is the jobs market in crisis?

Rising operational costs and regulatory challenges are coinciding with a decline in entry-level employment and the growing impact of automation on skilled professions, affecting ov...

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City A.M. • Jun 26, 2025

Starmer thanks business for shouldering tax burden

Keir Starmer expressed appreciation to UK companies for managing increased financial demands following the substantial rise in employer national insurance contributions introduced...

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