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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Survey reveals “chronic gender disparity” in investment management roles

September 15, 2016

Three-quarters of institutional investors do not believe all-male investment management teams are a drag on performance, worrying new research into gender diversity across the financial services sector has found. In a survey for the Chartered Financial Analysts (CFA) Institute, just 27 per cent of people working for institutional funds said mixed teams at investment management firms led to a better performance. [...]
MPs to launch new investigation into excessive boardroom pay

September 15, 2016

MPs will launch a wide-ranging review into executive pay tomorrow after prime minister Theresa May promised to get tough on the country's top paid bosses. The Business, Innovation and Skills (BIS) Committee will unveil the terms of a corporate governance inquiry tomorrow, which will look at the issue of what to do about runaway executive pay [...]
Autumn Statement 2016: Businesses tell Philip Hammond to cut national insurance

September 15, 2016

Business leaders want Philip Hammond to cut the cost of employment in his first Autumn Statement as chancellor, rather than indulge in headline-grabbing measures like slashing corporation tax. Accountants EY found 64 per cent of top decision makers at both UK firms and multinationals with a big presence here said reducing the cost of national insurance [...]
Critics round on Carney as ultra-low interest rates to last 13 years

September 15, 2016

Mark Carney faced growing disquiet from the financial community today, as critics of his post-referendum stimulus package sharpened their attacks on the Bank of England governor. As the Bank's monetary policy committee (MPC) voted unanimously to hold interest rates at their record low of 0.25 per cent, a string of robust post-referendum data has led [...]
US interest rates: Weak data boosts case for another delay from the Fed

September 15, 2016

The US has posted another uninspiring set of economic data, suggesting the slowdown in the world's most important economy is set to continue. Official figures on the manufacturing sector, retail sales and factory prices all came in below expectations this afternoon, just days before the US Federal Reserve is scheduled to vote on whether to [...]
Shadow MPC calls on Mark Carney to wait before pulling the trigger on another rate cut

September 14, 2016

City economists have told Mark Carney to keep interest rates glued at their record low when the Bank of England meets today. City A.M.’s Shadow monetary policy committee (MPC) voted eight-to-one in favour of holding rates at 0.25 per cent, as experts said the governor and his fellow rate-setters should wait for more signs of [...]
Metro Bank leads post-referendum challenger bounceback

September 14, 2016

Metro Bank shares climbed again today, as the challenger bank's mighty post-referendum run continues. Shares rose by one per cent to £27.39, leaving the bank up 67 per cent from levels hit amid frantic trading on 27 June. Banks were some of the worst affected in the aftermath of the UK's shock vote to leave [...]
Biffa to announce biggest post-referendum IPO in £1bn deal

September 14, 2016

Giant waste disposers Biffa are set to float on the London Stock Exchange in a deal which could value the firm at more than £1bn, according to reports. The initial public offering (IPO) could raise £300m for the firm to launch an expansion drive, Sky News reported this evening, in the biggest float for the [...]
US Presidential Election 2016: Would a Donald Trump presidency lead to a stronger US dollar?

September 14, 2016

Currency analysts have suggested a Donald Trump presidency could cause the US dollar to strengthen. A Trump victory in November's election is expected to spook investors around the world, leading to an exodus from emerging markets and into safer assets, such as the US dollar and Japanese yen, analysts at Societe Generale and Nordic bank SEB. [...]
Greek debt crisis: Fresh drama looms as cabinet minister attacks International Monetary Fund

September 14, 2016

Greece has struck out at the International Monetary Fund (IMF) as the ongoing argument over the country's debt crisis continues to simmer. The country's employment minister, George Katrougalos, warned the Fund today it would no longer tolerate its "extreme" calls for reforms to the minimum wage, pensions and collective bargaining rules. The IMF is one leg of the [...]

Nearly 1m young Brits not in work as Reeves told to help youth

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

By: Jake Cordell

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