GBP/USD 1.328 EUR/GBP 0.840 GBP/JPY 193.460 EUR/USD 1.116 GBP/AUD 2.070 USD/JPY 145.645 USD/CAD 1.397 AUD/USD 0.642 CAD/JPY 104.252 EUR/CAD 1.559 GBP/CAD 1.856 AUD/CAD 0.896 AUD/JPY 93.460 AUD/NZD 1.091 EUR/AUD 1.739 GBP/USD 1.328 EUR/GBP 0.840 GBP/JPY 193.460 EUR/USD 1.116 GBP/AUD 2.070 USD/JPY 145.645 USD/CAD 1.397 AUD/USD 0.642 CAD/JPY 104.252 EUR/CAD 1.559 GBP/CAD 1.856 AUD/CAD 0.896 AUD/JPY 93.460 AUD/NZD 1.091 EUR/AUD 1.739
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News from City A.M.

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City A.M. • May 16, 2025

Boss of King Charles property portfolio in talks with old firm for slice of HS2 Euston

The Crown Estate is negotiating to acquire a significant share in key UK infrastructure developments, which could impact its investment portfolio and future revenue streams amid on...

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City A.M. • May 16, 2025

France scrum-half Antoine Dupont invests in US rugby club

Antoine Dupont’s investment in RFC Los Angeles represents a strategic financial move that could enhance the club’s growth prospects and influence within the expanding American rugb...

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City A.M. • May 16, 2025

PHP makes surprise third approach for Assura at £1.68bn

Primary Health Properties’ latest bid of £1.68 billion for Assura reflects a significant premium, highlighting increased investor interest and competition within the property inves...

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City A.M. • May 16, 2025

Safe as houses? Landsec bets on build-to-rent

Landsec has shifted its focus from commercial offices to residential construction, anticipating more stable returns driven by ongoing demographic demand and a potential slowdown in...

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City A.M. • May 16, 2025

Newcastle United and Fulham warned by Gambling Commission

Several football clubs, including Newcastle United and Fulham, face potential financial consequences following regulatory actions against a gambling operator involved in their spon...

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City A.M. • May 16, 2025

Ofwat: Water regulator courts investors with refreshed PFI deals

Ofwat aims to attract private funding exceeding £50 billion by offering investors assured returns, limited risk exposure, and government-backed incentives to improve aging water in...

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City A.M. • May 16, 2025

Natwest: Government set to sell stake in FTSE 100 giant by June

The UK Treasury plans to divest its remaining shares in a major FTSE 100 bank by June, marking a significant step in reducing government involvement in the financial sector post-20...

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City A.M. • May 16, 2025

Rolls-Royce: FTSE 100 shares reach record high as £70bn valuation nears

Rolls-Royce’s stock performance has driven its market valuation close to £70 billion, marking a significant milestone in its financial standing within the FTSE 100 index.

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City A.M. • May 16, 2025

One in ten Brits have no cash savings, City regulator says

A recent report indicates that a significant portion of the population may lack sufficient financial reserves to manage unexpected expenses, highlighting potential challenges in pe...

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City A.M. • May 16, 2025

Rachel Reeves’ tax hikes to cost Timpson £12m extra a year

The recent adjustments to employer-related taxes and wage requirements are expected to reduce Timpson’s annual profits by approximately £12 million, impacting the company’s future...

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City A.M. • May 16, 2025

Landsec boosts profit amid residential and retail pivot

Landsec’s pre-tax earnings increased to £395 million, reflecting gains linked to its strategic shift towards expanding investments in residential and retail property sectors.

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City A.M. • May 16, 2025

Future: Go Compare owner announces share buyback

Despite a slight decline in revenue and operating profit, the company's steady margins indicate financial stability, prompting the decision to repurchase shares as a strategic move...

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City A.M. • May 16, 2025

EY’s £2bn legal fight over NMC Health audits

EY is preparing to defend itself in a substantial legal case concerning its auditing practices related to a now-defunct London-based healthcare company that experienced a major fin...

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City A.M. • May 16, 2025

Org Group acquires UK tech recruitment firm in global expansion

The purchase of the Manchester-based technology recruiter enhances the multinational's market reach and digital talent services, supporting broader growth objectives across Europea...

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City A.M. • May 16, 2025

Sofas and season tickets: Inside the world of retail finance

Consumer financing within the retail sector has experienced notable growth recently, driven by increasing demand and a shift toward specialized lenders as traditional banks reduce...

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City A.M. • May 16, 2025

Starmer seeks UK-EU ‘reset’ – is another Brexit row looming?

The upcoming summit in London could impact economic relations and trade agreements between the UK and EU, potentially influencing market stability and future financial cooperation...

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City A.M. • May 16, 2025

Is Labour’s Planning Bill putting private equity at risk?

The proposed changes in the Planning and Infrastructure Bill may impact investment strategies by altering regulatory frameworks, potentially affecting the stability and attractiven...

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City A.M. • May 15, 2025

Holland & Barrett: Huge losses continue despite sales surge

Despite increased revenue from rising sales, Holland & Barrett has reported substantial pre-tax losses for the second consecutive year, indicating ongoing financial challenges for...

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City A.M. • May 15, 2025

Fifa cheered by ECJ backing in agent fees row – but ‘far from unilateral win’

The European Court of Justice's preliminary support for regulating intermediaries’ commissions could influence financial controls within football transfers, though the final ruling...

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City A.M. • May 15, 2025

Cyber attack: Coinbase warns of $400m hit after data breach

Coinbase revealed that a recent cyber intrusion affecting a limited number of user accounts may result in financial losses ranging from $180 million to $400 million, impacting its...

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City A.M. • May 15, 2025

City veteran Lord Rose ‘horrified’ by slow growth under Labour

Stuart Rose expressed concern over the UK’s sluggish economic progress under current policies, highlighting the potential impact on business confidence and overall financial stabil...

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City A.M. • May 15, 2025

North Korean hackers use fake WFH jobs to infiltrate UK firms

The cyberattacks targeting UK companies through fraudulent remote job applications pose significant financial risks, including potential data breaches, operational disruptions, and...

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City A.M. • May 15, 2025

Why are Brits hoarding cash?

A substantial portion of British investors’ wealth remains in readily accessible cash, reflecting a preference for liquidity and perceived safety instead of pursuing potentially hi...

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City A.M. • May 15, 2025

Tax cost hikes and digital red tape could push landlords to sell up

Increased taxation and expanding digital compliance requirements may raise expenses for property owners, potentially encouraging some to exit the rental market and thereby affectin...

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City A.M. • May 15, 2025

Analysts say ‘Buy’ Vanquis shares after payday loan turnaround

Market experts have recommended purchasing Vanquis stock following improvements in the company's performance within the high-risk lending sector, which has previously faced signifi...

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City A.M. • May 15, 2025

Rental crisis to worsen in the next decade, says UK’s biggest landlord

The increasing disparity between rising rental demand and limited housing availability is expected to drive higher costs and financial challenges for tenants and investors across t...

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City A.M. • May 15, 2025

Natwest: Shares in FTSE 100 giant smash decade high

Natwest’s stock reached its highest level in ten years, reflecting growing investor confidence as the government steadily reduces its ownership in the prominent FTSE 100 bank this...

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City A.M. • May 15, 2025

Why Trump tariffs could be a disaster movie for Hollywood

The increased tariffs may lead to higher production costs for American films, potentially driving studios to seek more affordable locations abroad, which could negatively impact th...

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City A.M. • May 15, 2025

Exclusive: Government adds employee tax break to Pisces

The government’s new legislation for the Pisces market aims to enhance private company trading by extending tax incentives for employees, potentially increasing investment and part...

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City A.M. • May 15, 2025

Interest rate cuts would ‘boost growth’, businesses tell Bank of England

Business leaders believe that lowering borrowing costs could encourage increased consumer spending, potentially strengthening economic expansion following recent growth in the UK's...

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