By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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GlaxoSmithKline appoints Emma Walmsley as FTSE 100’s latest female chief executive

September 20, 2016

GlaxoSmithKline will join the exclusive club of top firms to have a woman at its helm, the pharmaceutical giant announced this morning. Emma Walmsley, head of GSK's consumer healthcare division, will become the firm's new chief executive from March 2017, replacing the outgoing Andrew Witty. Announcing the appointment, GSK chairman Philip Hampton said: "I am very [...]
No Brexit storm for Kingfisher as it retains DIY crown with higher sales and profits

September 20, 2016

B&Q owner Kingfisher has posted a strong set of results for the first six months of its financial year and said there is "no evidence" the EU referendum result dented its performance, sending its shares up two per cent at the open. The figures The DIY giant, which also owns Screwfix, said underlying pre-tax profits [...]
Fraudsters hit Brits with a financial scam every 15 seconds

September 20, 2016

The UK suffered an incident of financial fraud ever 15 seconds in the first six months of the year, as the rise of scams to obtain passwords, bank details and cash shows no sign of abating. Financial Fraud Action UK (FFA) found more than one million separate accounts of people handing over personal details between January [...]
Moody’s says UK banks don’t need EU passporting rights

September 19, 2016

Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found. The new research comes amid ongoing wrangling between the UK and Europe, between government ministers and across different industries all competing to put their views about what deal Theresa May should [...]
Canada issues vote of confidence in London’s future with new export hub

September 19, 2016

Canada is to open a brand new trade hub in London this week in a big vote of confidence in the capital's post-referendum economy. Export Development Canada (EDC), the Canadian government's official export support service designed to help its firms crack in to new markets and win investment from around the world, will launch its second European operation at [...]
Takeaway.com IPO: Is Europe about to get its next tech unicorn?

September 19, 2016

Dutch dot-com startup Takeaway.com could be on the verge of becoming Europe's latest tech unicorn. The firm issued more details this morning about its long-awaited float on Amsterdam's Euronext exchange, with the company set to flirt with a €1bn price tag. Takeaway.com, founded in 1999, said its shares will go public on 30 September – Euronext's first IPO [...]
In quotes: Jeremy Corbyn’s quite sarcastic Today programme appearance

September 19, 2016

Two days before the ballot closes in the Labour leadership contest, Jeremy Corbyn has given his first interview to the BBC's flagship Today programme since the contest started in July. The programme, widely seen as agenda-setting in Westminster, the City and beyond attracts an average weekly audience of 7.4 million listeners. That's only 1.9 million [...]
Bundesbank chief Jens Weidmann claims London banks will consider Frankfurt after hard Brexit

September 19, 2016

The head of the German Bundesbank has said Frankfurt will open its arms to any banks or businesses that decide to leave London in the wake of the EU referendum. Jens Weidmann also warned that if the UK leaves the EU's Single Market – the so-called "hard Brexit" option gaining traction in parts of the Conservative Party [...]
Neil Woodford blasts “appallingly bad” funding for UK startups

September 19, 2016

The UK's most famous investor has said the UK's funding system is "appallingly bad" at helping startups reach their full potential. Neil Woodford, who heads up Woodford Investment Management, told the BBC: "We have been appallingly bad at giving those minnows the long-term capital they need". Woodford is a vociferous advocate of taking a long-term approach [...]
Osborne to confirm Northern Powerhouse think tank

September 15, 2016

George Osborne will today confirm his plans, revealed by City A.M. earlier this week, to launch a new Northern Powerhouse think tank. At an event in Manchester the former chancellor will pledge to preserve and build on the work he started in Number 11, and issue a thinly-veiled attack on Theresa May for sidelining the [...]

Brits push down house prices to dodge mansion tax

Emirates boss on Arsenal stadium, leaving F1 and NBA Europe

London is the best food city in the world – here are 3 reasons why

By: Jake Cordell

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