GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.675 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.684 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.090 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.069 AUD/NZD 1.091 EUR/AUD 1.783 GBP/USD 1.354 EUR/GBP 0.862 GBP/JPY 198.675 EUR/USD 1.167 GBP/AUD 2.068 USD/JPY 146.684 USD/CAD 1.370 AUD/USD 0.655 CAD/JPY 107.090 EUR/CAD 1.599 GBP/CAD 1.855 AUD/CAD 0.897 AUD/JPY 96.069 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 26, 2025

CVC Capital Partners hire former EE boss to new sports arm

The appointment of a seasoned executive to lead CVC SportsCo highlights the firm’s strategic investment focus on expanding its influence and financial returns within the competitiv...

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City A.M. • Jun 26, 2025

Profit triples at SME lender Iwoca as loans near £1bn

Iwoca’s pre-tax profit increased significantly to £59.1 million in 2024, reflecting substantial growth in revenue and lending activity focused on small and medium-sized enterprises...

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City A.M. • Jun 26, 2025

The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale

The ongoing reduction in workforce at the company linked to The Ivy, alongside decreasing profits despite increased sales, highlights financial challenges ahead of a major ownershi...

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City A.M. • Jun 26, 2025

Visma to snub Amsterdam for London IPO in rare win for Britain’s stalling market

The decision by a major Norwegian software company to launch its initial public offering in London underscores the city’s ongoing efforts to attract significant tech investments am...

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City A.M. • Jun 26, 2025

Hallmark: Greeting cards giant halves headcount in two years

The UK division of Hallmark significantly reduced its workforce over two years to improve financial performance and move towards profitability, as indicated by recent official comp...

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City A.M. • Jun 26, 2025

ABF confirms plans to shut bioethanol plant despite last-minute government negotiations

The closure of the Yorkshire bioethanol facility is expected to impact regional investment and employment, reflecting challenges in aligning industrial policy with private sector o...

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City A.M. • Jun 26, 2025

Cavendish shakes off M&A woes to swing to profit

Despite challenges in its mergers and acquisitions segment leading to reduced revenue, Cavendish returned to a pre-tax profit of £700 million for the year ending March 31, reversin...

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City A.M. • Jun 26, 2025

Inspired latest to attract private equity takeover bid

The definitive agreement for a £183.6 million all-cash purchase by a US private equity firm highlights a significant valuation and strategic acquisition within the energy and susta...

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City A.M. • Jun 26, 2025

A poor country acting like a rich one

Despite appearances and behavior resembling wealthier nations, the United Kingdom's economic indicators, including GDP per capita, position it closer to average European countries...

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City A.M. • Jun 26, 2025

A tin of baked beans could decide the fate of the LSE

The anticipated public offering by the major Asian online retailer was expected to boost the London Stock Exchange’s activity and investor confidence, but shifting plans have raise...

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City A.M. • Jun 26, 2025

Are the wheels falling off the Bitcoin treasury play?

Several diverse companies across different industries have recently incorporated Bitcoin into their financial strategies, indicating a broader interest in cryptocurrency as part of...

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City A.M. • Jun 26, 2025

Private equity eyes legal market, but not all law firms are viable for investment

Private equity firms are increasingly considering investments in the legal sector due to its profitability, although only certain law firms meet the financial and operational crite...

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City A.M. • Jun 26, 2025

Tories vow to rip up workers’ rights package

If implemented, the proposed changes could significantly impact labor market regulations, potentially affecting costs for businesses and influencing investor confidence in the coun...

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City A.M. • Jun 26, 2025

The investment industry has three asks for Reeves’ Mansion House speech

The upcoming Mansion House speech is seen as a crucial opportunity for the government to address key conditions that could influence growth and stability within the financial servi...

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City A.M. • Jun 26, 2025

Have developed countries discovered the ideal corporate tax rate?

Many developed nations appear to have converged on a moderate corporate tax level near 25 percent, reflecting a significant shift toward harmonized fiscal strategies with substanti...

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City A.M. • Jun 26, 2025

How thriving, free-market Hong Kong came under the boot of communist China

The transfer of Hong Kong's sovereignty to China marked a major financial shift, affecting global markets by altering the region’s economic policies and investor confidence in a ke...

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City A.M. • Jun 26, 2025

Retail is now the most distressed sector in Europe

The retail and consumer goods sector in Europe is experiencing unprecedented financial challenges due to rising costs, elevated interest rates, and weakened consumer spending, sign...

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City A.M. • Jun 26, 2025

City sends an SOS to fix London markets ‘before it’s too late’

Concerns about the stability of London’s financial markets have intensified as a major trading company highlights emerging risks, prompting calls for urgent measures to protect the...

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City A.M. • Jun 25, 2025

Shell denies BP takeover reports

The denial of acquisition discussions between the two major energy companies influenced investor sentiment, leading to notable fluctuations in BP’s stock value amid speculation abo...

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City A.M. • Jun 25, 2025

Saving British Steel leaves taxpayers with £900m bill

The government’s intervention to support British Steel is expected to result in nearly £900 million in public expenses, raising concerns about the country’s limited budget flexibil...

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City A.M. • Jun 25, 2025

Brave Bison’s new deal signals rising EdTech trend

Brave Bison’s £19 million acquisition of MiniMBA represents its largest investment so far, highlighting the company’s growing focus on expanding its offerings within the profession...

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City A.M. • Jun 25, 2025

Boardroom Uncovered: Can Motorway change how the UK views used cars?

Tom Leathes discussed the potential impact of Motorway’s public listing on the London Stock Exchange, highlighting how this move could influence investor perception and market dyna...

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City A.M. • Jun 25, 2025

Crypto exchange to tokenise motor finance claims

Bitfinex Securities announced a £100 million tokenised equity offering aimed at supporting legal actions related to the motor finance sector, highlighting a novel approach to fundi...

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City A.M. • Jun 25, 2025

Could Motorway be set for a blockbuster London IPO?

Motorway's potential decision to launch an initial public offering in London could attract significant investment and impact the company’s valuation within the competitive automoti...

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City A.M. • Jun 25, 2025

The best current account switch offers

Reviewing and changing your current account can lead to improved financial benefits, such as better interest rates, lower fees, and potential rewards that enhance overall money man...

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City A.M. • Jun 25, 2025

What does Labour’s industrial strategy really mean for UK tech?

Labour’s newly introduced decade-long plan aims to revitalize the UK technology sector by providing targeted support and addressing structural economic challenges that have hindere...

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City A.M. • Jun 25, 2025

What’s behind the post-pandemic tumble in Diageo and Pernod Ricard shares?

The notable decline in the stock prices of these leading beverage corporations reflects broader market challenges and investor concerns impacting their financial performance over t...

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City A.M. • Jun 25, 2025

Don’t let ticket resale price caps ruin the party this festival season

Imposing limits on secondary ticket prices may inadvertently increase fraudulent activities, potentially causing greater financial losses within the live event market during the up...

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City A.M. • Jun 25, 2025

Liontrust profit slides after billions more outflows

Liontrust experienced a significant decline in earnings due to substantial client withdrawals, resulting in a nearly 30% reduction in adjusted pre-tax profit for the fiscal year en...

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City A.M. • Jun 25, 2025

BGF: Profit almost doubles at major UK investor

The Business Growth Fund experienced a significant increase in pre-tax earnings this year, rising to £131.1 million from £67.9 million in the previous year, driven by multiple succ...

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