By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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Engineer GKN’s shares jump on solid results and promising news for military spending

February 28, 2017

Following GKN's previous struggles with slowing military spending, news of Donald Trump's plan to increase the US defence budget must have been music to the ears of the engineering firm's investors. The figures For the year to the end of December, the car part maker posted underlying profits before tax up 12 per cent to £678m. That includes a £39m restructuring [...]
Transitional arrangements after Brexit could take 18 months or more, says Charlotte Hogg, the new Bank of England deputy governor

February 28, 2017

The Bank of England (BoE)'s new deputy governor Charlotte Hogg today said UK banks will need 12 to 18 months at least to make transitional arrangements after certainty on Brexit negotiations is reached. Appearing before the Treasury Select Committee, Hogg said banks will need additional time after the two-year negotiations are reached to change their business models in terms [...]
Meggitt’s share price rockets as profit beats expectations and Trump promises more defence spending

February 28, 2017

Shares in Meggitt rose more than 11 per cent this morning after the aerospace and defence firm beat forecasts and investors cheer on Donald Trump's plan to pump up defence spending. The figures The firm's reported revenue increased 21 per cent to £1.99bn in the year to 31 December 2016, helped by foreign currency movements, while underlying [...]
A spirits union is calling for Nissan-style guarantees for the Scottish whisky industry during Brexit negotiations

February 24, 2017

Workers in the £5bn Scottish whisky industry should be given Nissan-style protections in Brexit negotiations, union works have said. GMB, the union for whisky and spirits workers, has written to Scottish Secretary David Mundell to call for measures to safeguard an estimated 160,000 jobs related to the industry. More than 40,000 UK jobs are directly supported by [...]
Gold prices have surged to the highest level since the US Presidential election in November

February 24, 2017

Gold has surged today, surpassing $1,250 for the first time since the week of Donald Trump's US election win in November. Prices for the yellow metal jumped to $1,260.40 per ounce, up $9 or 0.72 per cent this morning, while spot gold prices increased to $1,260.19 in the afternoon. The safe haven asset is attracting investors amid fresh uncertainty [...]
Rapidly rising petrol costs are putting consumers off driving and pushing them to cut spending in other areas

February 24, 2017

Higher pump prices have pushed UK consumers to spend less on their cars and cut back on driving. At the beginning of February, Britain's petrol prices rose to an average of 120p while diesel rose to 122p, and according to a new study, a quarter of drivers said they're now restricting their car use while [...]
Britain exported more gin than ever last year, generating nearly half a billion pounds

February 24, 2017

The results are in: British gin smashed its export record in 2016, official figures have shown. Research by HM Revenue and Customs suggest the UK fuelled the world's gin craze last year, exporting more gin than ever last year, selling booze worth £474m, up 12 per cent from 2015. If current trends continue, exports of gin will hit the [...]
Boeing is building its first European factory in Sheffield in a bid to “support the UK’s long-term prosperity”

February 24, 2017

Boeing today announced it will invest £20m to open a new production facility in Sheffield – its first ever manufacturing facility in Europe – in an effort to support Britain's long-term prosperity. The facility is part of a plan to reduce supply chain costs by manufacturing key components and systems in the US and the UK in-house. The 2,300-square metre site [...]
British Airways owner IAG has revealed a share buyback programme after strong performance in 2016

February 24, 2017

British Airways and Aer Lingus owner International Airlines Group (IAG) revealed it will increase cash returns to investors with a share buyback programme after profit rose in line with expectations. The figures For the year to the end of December, the airline group's operating profit rose 8.6 per cent to €2.54bn (£2.15bn). But total revenue fell [...]
Royal Bank of Scotland’s losses widen to £7bn for 2016 as mis-selling charges take their toll

February 24, 2017

Royal Bank of Scotland (RBS) has announced a multi-billion pound loss for the year to the end of December due to misconduct charges and restructuring costs, making 2016 its ninth straight year of losses. The figures The 73 per cent state-owned bank posted an attributable loss of £6.96bn, after a loss of £1.98bn in 2015 due to litigation and [...]

UK innovation economy is the most under-priced asset in global markets

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For lonely Londoners: five rules for bringing community back

By: Courtney Goldsmith

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