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.

All 1029 Articles

Businesses losing EU workers as May refuses to guarantee residency status

September 5, 2016

Prime minister Theresa May has again refused to guarantee the long-term status of EU citizens living in the UK, provoking ire from MPs, as a new poll shows that a sizeable proportion of EU staff have already quit their jobs, or intend to, because of Brexit uncertainty. A survey of 800 firms that employ EU [...]
London job openings at lowest level since January after Brexit vote

September 4, 2016

The London jobs market could be showing signs of a post-referendum slowdown, according to a tracker of nationwide job vacancies. While the number of vacancies was up by 7.7 per cent in August compared to last year, online recruitment firm Reed.co.uk found London was being dragged down by a crunch in the number of high-paying [...]
Gatwick Airport runway closed after “hole” discovered

September 4, 2016

Gatwick Airport was forced to close its main runway this evening after it discovered a "hole" on the tarmac, causing diversions and delays for thousands of passengers. A small number of flights were diverted to Heathrow, it is believed, while other passenger reported their flights had been diverted to Southampton and Stansted. Other aircraft were stuck circling the skies [...]
Gallery: Spectacular Great Fire of London 350th anniversary display

September 4, 2016

Thousands of Londoners poured down to the side of the Thames this evening for a glimpse of a truly spectacular fire display. A 120 metre barge, carrying a wooden reconstruction of the City of London as it was more than three centuries ago, was set alight to commemorate the 350th anniversary of the Great Fire [...]
Eyes on the PMI as services and sterling in the spotlight

September 4, 2016

Sterling could be set for a bumpy day of trading tomorrow as the closely-watched services purchasing managers’ index (PMI) is set to provide another clue to the health of the post-referendum economy. Analysts expect the industry, which accounts for the vast majority of the UK economy, to bounce back above the crucial no-change 50-mark on the PMI. [...]
One more measure of consumer confidence has come roaring back

August 26, 2016

A leading measure of consumer confidence has surged by its fastest rate in more than three years as fears of a post-referendum economic collapse peter out. The YouGov/Centre of Economics and Business Research (CEBR) tracker, out today, climbed from 106.6 in July to 109.8 in August, on an index where scores above 100 indicate optimism among the [...]
US Presidential Election 2016: Fears creeping into US economy as service sector stumbles

August 25, 2016

The US services industry is growing at its slowest pace in six months, as uncertainty ahead of November's presidential election is beginning to hamper the world's largest economy. Markit's purchasing managers' index (PMI) for the sector came in at 50.9 in August, down from a score of 51.4 in July and hovering perilously close to [...]
S&P claims quantitative easing is a programme for the many, not the few

August 25, 2016

Standard and Poor's (S&P) has downplayed the role quantitative easing has in fuelling income inequality in a new report published to coincide with the annual central bankers' bash in Jackson Hole. In an investigation into whether the US Federal Reserve should consider the impact its policies have on widening the gap between the richest and the poorest, [...]
Deutsche Bank has a few ideas for Theresa May’s new industrial strategy

August 25, 2016

One of the world's top investment banks has called on Theresa May to embrace a new industrial strategy and help revive British manufacturing to its former glory. Chief economists at Deutsche Bank have put together a dossier for the new Prime Minister on how she can make the most of the post-referendum opportunities, to pull [...]
German and French economies enter summer slump

August 25, 2016

The powerhouses of the Eurozone could be languishing in a summer slump, figures out today have hinted. Measures of business confidence in both Germany and France missed expectations this morning, denting prospects for either economy to bounce back from a growth slowdown in the run-up to the UK's EU referendum. The closely-watched Ifo survey of [...]

Oil price surge pushes investors to bet against interest rate cut

Hundred cricket stake sales help Glamorgan clear debts

Psst… This is how to ski Les 3 Vallées without the crowds

By: Jake Cordell

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