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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Germany leads the Eurozone manufacturers in prolonged summer slump

September 14, 2016

The Eurozone economy faded over the summer, as industrial production slipped and the single currency bloc is still fighting for growth. Industrial production dropped by 1.1 per cent in August, worse than expectations and down from a 0.8 per cent jump in July. Output in Germany, whose car makers started their summer shutdown a little earlier than [...]
Royal London – QE missed opportunity

September 14, 2016

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Labour market shows no sign of Brexit uncertainty – yet

September 14, 2016

The number of people in work hit a new record high in July, as economy-watchers were left waiting even longer for signs of a post-referendum slowdown. Figures out from the Office for National Statistics (ONS) yesterday morning showed the unemployment rate steady at 4.9 per cent, defying concerns that the jobs market could have faltered in [...]
Shareholder group thinks Ryanair chief executive Michael O’Leary is overpaid

September 13, 2016

An influential shareholder body has called on investors to reject Michael O’Leary’s €2.5m (£2m) pay packet, claiming the Ryanair boss might be overpaid. Ahead of the company's AGM tomorrow in Dublin, Pirc, an advisory group which represents investors with £1.5tn of assets under management, cited a string of concerns over the independence of O'Leary's fellow board members and recommended [...]
iOS 10: Apple software update glitch causes iPhones to crash

September 13, 2016

Apple is used to clean, crisp and perfectly stage-managed product launches. Unfortunately, this evening's unveiling of its all-singing iOS 10 software update didn't quite go as smoothly as the tech giant would have liked. The new operating system, which includes a new home screen and a much smarter Siri, went live at 6pm this evening, but users instantly [...]
Go Compare deal to kick off strong IPO activity

September 13, 2016

Insurance outfit Esure has confirmed it will spin off its price comparison website Go Compare in a post-referendum boost to London's IPO market. Go Compare could be valued at up to £650m when it floats on the London Stock Exchange later this year, just 18 months after Esure took full control of the group in a deal [...]
Rona Fairhead quits as BBC Trust chair after Theresa May orders appointment re-run

September 13, 2016

The head of the BBC Trust, Rona Fairhead has resigned after the Prime Minister has ordered a re-run of her controversial appointment process. Fairhead was appointed to take over as chair of the new BBC management structure when it launches next year by David Cameron before the referendum. However, pressure over the decision, which was taken following a [...]
Christine Lagarde and Mario Draghi call on politicians to do more to help the losers of globalisation

September 13, 2016

Two of the planet’s most important policymakers have criticised the response of governments around the world to growing concerns over globalisation, inequality and technological change. Christine Lagarde, head of the International Monetary Fund (IMF) and Mario Draghi, president of the European Central Bank (ECB) said governments and institutions needed to make sure their policies did [...]
Former EU president Jose Manuel Barroso turns on Brussels over Goldman Sachs job

September 13, 2016

Former European President Jose Manuel Barroso has issued a blistering attack on EU leaders and institutions over their attempts to frustrate his plans to take up a new role with Goldman Sachs. In a strongly worded letter sent to his successor, Jean-Claude Juncker, today, Barroso stated: "It has been claimed that the mere fact of working [...]
Sterling still drifting on weak inflation figures

September 13, 2016

The pound has slumped this afternoon on the back of weak inflation figures, taking the currency to a two-week low against both the dollar and the euro. Sterling drifted by one per cent against both the major currencies after inflation came in at a weaker-than-forecast 0.6 per cent in official figures out this morning. Economists [...]

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

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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