GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.167 EUR/USD 1.148 GBP/AUD 2.075 USD/JPY 145.323 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.537 EUR/CAD 1.566 GBP/CAD 1.832 AUD/CAD 0.883 AUD/JPY 94.073 AUD/NZD 1.076 EUR/AUD 1.774 GBP/USD 1.343 EUR/GBP 0.855 GBP/JPY 195.167 EUR/USD 1.148 GBP/AUD 2.075 USD/JPY 145.323 USD/CAD 1.364 AUD/USD 0.647 CAD/JPY 106.537 EUR/CAD 1.566 GBP/CAD 1.832 AUD/CAD 0.883 AUD/JPY 94.073 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 05, 2025

UK fintech Wise ditches London primary listing for US

By shifting its primary stock exchange to the United States while maintaining a secondary presence in the UK, Wise aims to access larger capital markets and enhance investor divers...

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City A.M. • Jun 05, 2025

CMC Markets eyes Web 3.0 as profit jumps

CMC Markets reported a substantial increase in earnings alongside a slight rise in net operating income, while simultaneously beginning efforts to expand its presence in emerging W...

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City A.M. • Jun 05, 2025

St James’s Place CIO: I was told not to bother with a City career

Despite early discouragement from pursuing a professional path, Justin Onuekwusi's rise to Chief Investment Officer at a major wealth management firm highlights the potential for o...

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City A.M. • Jun 05, 2025

Neil Woodford: ‘I could not have been more transparent’ 

Neil Woodford emphasized that he consistently shared detailed updates about his fund’s holdings and approach, highlighting the challenges and impact on investors following the fund...

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City A.M. • Jun 05, 2025

The Capitalist: London SXSW pass-holders fork out £1k to queue down Brick Lane

Attendees purchasing access to the London SXSW event are spending around £1,000 each, highlighting the substantial costs involved and the event’s notable economic impact on local b...

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City A.M. • Jun 05, 2025

Zonal pricing proposals backed by peers

Implementing regional pricing in the UK electricity market may improve grid efficiency and potentially reduce consumer costs, assuming the transition is carefully managed to addres...

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City A.M. • Jun 05, 2025

Costly net zero policies must end, CBI boss to demand

The leader of the Confederation of British Industry plans to highlight how current environmental regulations are increasing operational expenses and impacting business profitabilit...

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City A.M. • Jun 05, 2025

When is a trade deal not a trade deal?

The agreement between the UK and US on May 8, 2025, marked a pivotal moment with substantial implications for economic relations and market opportunities between the two nations.

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City A.M. • Jun 05, 2025

Welfare U-turns show Starmer puts party ahead of country

The recent policy reversals highlight the ongoing challenges in managing the nation's substantial public debt and welfare expenditures, underscoring the financial priorities influe...

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City A.M. • Jun 05, 2025

Mark Kleinman: Corley’s LSEG board post looks messy

The recent developments surrounding Corley’s appointment to the LSEG board raise important questions about governance practices and potential impacts on investor confidence within...

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City A.M. • Jun 04, 2025

Premier League to keep ability to sell hotels to related companies

Maintaining the current regulations allows clubs such as Chelsea to continue transferring hotel properties to affiliated entities, potentially impacting their financial dealings an...

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City A.M. • Jun 04, 2025

Trump launches fresh attack on Fed as jobs data disappoints

The recent disappointing employment figures have intensified criticism of Federal Reserve policies, highlighting concerns about economic growth and influencing market expectations...

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City A.M. • Jun 04, 2025

Estate agency Foxtons targets commuter towns in drive for growth

Foxtons plans to increase its profitability by expanding into areas near London, utilizing technology advancements, and strengthening client relationships to capitalize on growing...

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City A.M. • Jun 04, 2025

UK finance salaries drop as workers ‘actively develop’ tech skills

In 2025, average compensation in the UK finance sector declined by three percent, leading employees to enhance their technical abilities and consider alternative employment opportu...

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City A.M. • Jun 04, 2025

CAB Payments turns to New York to revive fortunes

CAB Payments aims to improve its financial performance by entering the US market, leveraging new regulatory approvals to expand operations and access potential growth opportunities...

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City A.M. • Jun 04, 2025

Schroders steps back from City lobbying taskforce

Schroders’ withdrawal from the City taskforce may affect collaborative efforts aimed at enhancing investment opportunities and expanding the financial sector within London’s capita...

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City A.M. • Jun 04, 2025

Babcock: FTSE 100 shares double in value to ten-year high

Babcock's stock has experienced significant growth this year, reaching its highest level in a decade, reflecting increased investor confidence and substantial gains in market valua...

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City A.M. • Jun 04, 2025

Costco: Lower petrol prices help drive profit surge

Reduced fuel costs boosted membership numbers at Costco’s UK branch, contributing significantly to its nearly £200 million profit increase in the most recent fiscal year.

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City A.M. • Jun 04, 2025

B&M: FTSE 250 shares plunge as profit and job cuts revealed

B&M’s shares declined sharply following the announcement of decreased pre-tax earnings, increased indebtedness, and planned workforce reductions, reflecting investor concerns about...

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City A.M. • Jun 04, 2025

Credit Suisse seeks $440m Greensill Capital losses from SoftBank

Credit Suisse is pursuing legal action in London to recover a $440 million loss linked to Greensill Capital's failure, holding SoftBank financially accountable in the process.

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City A.M. • Jun 04, 2025

UK services jobs decline on ‘longest streak’ since financial crash

The prolonged reduction in employment within the UK service industry reflects ongoing economic challenges, as companies struggle to preserve profitability amid rising labor expense...

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City A.M. • Jun 04, 2025

IG Group stock dips after UBS downgrade

Following UBS’s revision of IG Group’s rating to neutral due to valuation concerns and growth risks, the company’s shares experienced a decline influenced also by uncertainties sur...

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City A.M. • Jun 04, 2025

UK trade deals to lift growth, KPMG says

According to a financial advisory firm, recent agreements between the UK and major international partners may positively influence the country’s economic expansion beyond initial p...

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City A.M. • Jun 04, 2025

WH Smith nears sale of high street chain as revenue rises

The agreement to transfer its retail segment for £76 million is expected to impact WH Smith’s overall financial position positively as the company continues to report increasing in...

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City A.M. • Jun 04, 2025

Ramsdens strikes gold after price jump boosts profit to record high

Ramsdens experienced substantial financial growth in the first half of 2024, with pre-tax profits rising significantly due to increased valuations in its precious metals purchasing...

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City A.M. • Jun 04, 2025

Kennedys breaks through £400m global revenue barrier

Kennedys achieved a notable financial milestone by exceeding £400 million in global revenue, marking continuous growth for over a decade and highlighting its expanding market prese...

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City A.M. • Jun 04, 2025

Trump tariffs: UK to dodge 50 per cent steel and aluminium levies

The UK steel and aluminium sectors will avoid the increased 50 percent tariffs previously proposed, although companies will continue to incur a 25 percent duty until updated trade...

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City A.M. • Jun 04, 2025

Why the UK investment system needs a complete overhaul

Revamping the UK’s outdated investment framework is crucial to enhancing market stability, increasing investor confidence, and supporting sustainable economic growth in an evolving...

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City A.M. • Jun 04, 2025

B&M: Revenue ticks up as new stores outperform

The company experienced a moderate increase in annual revenue to £5.57 billion, reflecting stronger sales growth particularly from recently opened locations and improved operations...

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City A.M. • Jun 04, 2025

Paragon Bank: Stamp duty boost offsets motor finance provision

Paragon Banking Group’s first-half earnings improved due to higher lending activity and a positive impact from property transaction taxes, which helped counterbalance costs related...

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