GBP/USD 1.358 EUR/GBP 0.862 GBP/JPY 198.624 EUR/USD 1.171 GBP/AUD 2.073 USD/JPY 146.250 USD/CAD 1.369 AUD/USD 0.655 CAD/JPY 106.848 EUR/CAD 1.603 GBP/CAD 1.859 AUD/CAD 0.897 AUD/JPY 95.823 AUD/NZD 1.090 EUR/AUD 1.788 GBP/USD 1.358 EUR/GBP 0.862 GBP/JPY 198.624 EUR/USD 1.171 GBP/AUD 2.073 USD/JPY 146.250 USD/CAD 1.369 AUD/USD 0.655 CAD/JPY 106.848 EUR/CAD 1.603 GBP/CAD 1.859 AUD/CAD 0.897 AUD/JPY 95.823 AUD/NZD 1.090 EUR/AUD 1.788
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City A.M. • Jun 25, 2025

Wizz Air CEO gets huge bonus despite tumbling shares and profit

The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...

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City A.M. • Jun 25, 2025

Bella Italia owner slashes losses after shedding 700 jobs

The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.

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City A.M. • Jun 25, 2025

Profit surges at Richard Desmond’s empire ahead of UK lottery court battle

Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...

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City A.M. • Jun 25, 2025

THG shares jump as MyProtein owner returns to revenue growth

The company experienced increased sales in its key divisions, boosting investor confidence and contributing to a notable rise in its stock value prior to the annual general meeting...

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City A.M. • Jun 25, 2025

Lego: Profit spikes as sales pass major milestone

The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.

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City A.M. • Jun 25, 2025

Asda loses £600m amid major turnaround plan

Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...

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City A.M. • Jun 25, 2025

Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub

Tritax Big Box’s acquisition of Warehouse REIT for £485 million reflects a strategic investment in the logistics sector, highlighting competitive dynamics among major investors see...

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City A.M. • Jun 25, 2025

Halfords to shut garages amid growing cost pressures

Facing rising operational expenses driven by recent fiscal policies, Halfords plans to discontinue certain service locations, a move that has contributed to a slight decline in its...

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City A.M. • Jun 25, 2025

Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence

Babcock experienced substantial financial growth with an 11 percent rise in revenue to £4.8 billion and a significant boost in operating profit, reflecting its expanding role in na...

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City A.M. • Jun 25, 2025

Net zero levy cuts are just tinkering at the edges

The proposed adjustments to energy charges represent minor financial changes, reflecting ongoing confidence in government intervention despite historical evidence favoring market-d...

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City A.M. • Jun 25, 2025

James Reed: UK jobs market is among worst I’ve ever seen

The prolonged downturn in employment over nearly three years highlights significant challenges in the UK labor market, potentially impacting economic growth, business stability, an...

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City A.M. • Jun 25, 2025

Industrial strategy shows Labour has a long-term plan for growth

The government’s industrial policy aims to enhance productivity and stimulate economic expansion by fostering sustained collaboration between public institutions and private enterp...

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City A.M. • Jun 24, 2025

FCA reviewing bank risk appetite to boost home ownership 

The regulator’s assessment of lending practices aims to encourage more accessible mortgage options, potentially impacting housing affordability and stimulating broader economic act...

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City A.M. • Jun 24, 2025

Reynolds refuses to rule out further changes to ZEV mandate

The possibility of additional adjustments to the zero-emissions-vehicle regulations creates uncertainty for manufacturers, potentially impacting investment decisions and the overal...

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City A.M. • Jun 24, 2025

Falling wage growth could usher interest rate cuts, Andrew Bailey suggests

A slowdown in employee earnings may prompt the central bank to consider lowering borrowing costs to support economic stability in the near future.

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City A.M. • Jun 24, 2025

Slim pickings: grocery sales down as Brits turn to weight-loss jabs

The increasing adoption of prescription medications for weight management is contributing to reduced grocery store revenues, as consumers adjust their purchasing habits beyond typi...

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City A.M. • Jun 24, 2025

Borders watchdog casts doubt on Labour pledge to end asylum hotels

The borders watchdog has expressed skepticism about the Labour government’s claim that ending the use of hotels for asylum seekers by 2030 will result in annual savings of approxim...

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City A.M. • Jun 24, 2025

Rangers takeover: 49ers promise to attract better sponsors and signings

The involvement of a prominent American ownership group is expected to enhance the club's marketability, leading to increased revenue opportunities through improved sponsorships an...

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City A.M. • Jun 24, 2025

ONS appoints Bank of England data exec as new chief

The appointment of a senior Bank of England data expert aims to strengthen the Office for National Statistics’ leadership amid concerns about data management and its impact on econ...

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City A.M. • Jun 24, 2025

Manufacturers falter as Reeves urged to fast-track growth policies

The decline in manufacturing output highlights the urgent need for government support through rapid implementation of skills development and technological advancements to stimulate...

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City A.M. • Jun 24, 2025

High street stalwart Claire’s explores a sale as cost pressures mount

Claire’s, facing increasing financial challenges and competitive pressures, is considering options that may include selling the business to address rising operational expenses and...

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City A.M. • Jun 24, 2025

Inflation ‘plateau’ could keep interest rates higher, Bank hawk warns

Persistent elevated inflation levels are likely to influence the central bank’s decision to maintain elevated borrowing costs, potentially impacting economic growth and financial m...

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City A.M. • Jun 24, 2025

Natwest executive top choice to lead Reeves’ National Wealth Fund

Appointing a high-ranking Natwest official to manage the National Wealth Fund could influence the strategic oversight and allocation of substantial public financial resources under...

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City A.M. • Jun 24, 2025

Chelsea fans slam club’s ‘exploitative’ new ticket policies

The recent increase in season ticket prices at Chelsea, averaging 17 percent over two years, has raised concerns about the club’s approach to maximizing revenue from dedicated supp...

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City A.M. • Jun 24, 2025

Cavendish shares eye year high after rejecting deals unit takeover

Cavendish’s stock rose notably following the company’s decision to decline acquisition proposals for its transaction division, reflecting investor confidence amid unsolicited inter...

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City A.M. • Jun 24, 2025

FTSE 100 held back by Shell and BP after ‘fragile’ ceasefire 

The modest increase in the FTSE 100 was limited by declining shares of major energy companies, reflecting ongoing market uncertainties and impacting overall investor confidence.

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City A.M. • Jun 24, 2025

Motorsport Valley a £16bn jewel in crown of UK, new report says

Motorsport Valley, encompassing regions such as the Midlands and Oxfordshire, generates a turnover of £16 billion, highlighting its important role in the UK’s advanced manufacturin...

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City A.M. • Jun 24, 2025

Higher tax ‘inevitable’ as PM makes defence spending pledge 

Increasing defence expenditure to a larger portion of the country’s economic output is likely to require additional revenue generation through taxation, according to economic analy...

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City A.M. • Jun 24, 2025

Glengoyne whisky maker suffers worst decline in decades as demand falls

Ian McLeod Distillers experienced a substantial reduction in pre-tax profit to £15.6 million for the year ending September 2024, reflecting a significant downturn in consumer inter...

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City A.M. • Jun 24, 2025

Saga shares jump after revealing banking tie-up with Natwest

Saga’s stock experienced an increase following the announcement of impending collaboration with a major financial institution, signaling potential growth and enhanced financial ser...

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