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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The government claims it has not decided on Heathrow or Gatwick yet

October 23, 2016

The government has insisted that all options for airport expansion are still on the table, just two days before the cabinet will meet to make a long-awaited and much-delayed decision on whether to build at Heathrow or Gatwick. Despite reports that the government is poised to give Heathrow the green light, Transport secretary Chris Grayling said this [...]
Suzanne Evans to run in Ukip leadership race

October 23, 2016

Suzanne Evans has announced she will stand for the leadership of Ukip, after front-runner Steven Woolfe resigned from the party last week. Evans, who was suspended from the party earlier this year and has fallen out with Nigel Farage, made the declaration on the Andrew Marr Show this morning, stating: "I think I am the right [...]
Hilary Benn wants his Brexit committee to figure out what the Prime Minister is up to

October 23, 2016

Hilary Benn has doubled-down on his calls for a transitional Brexit arrangement and called on the UK government to come clean on what it wants to achieve from the upcoming negotiations. Benn, who was sacked as shadow foreign secretary by Jeremy Corbyn following the EU referendum, said this morning he would use his new position as chair of [...]
AT&T confirms $85bn takeover of Time Warner

October 23, 2016

US telecoms giant AT&T is to buy entertainment behemoth Time Warner in an $85bn (£69.5bn) takeover, it was confirmed this morning. The deal will be a combined cash-and-share offer which will see Time Warner investors given $107.50 per share – half in AT&T stock and half in cash. That is a thirty per cent premium on the $80 Time Warner shares were [...]
Top industry representative warns banks could start leaving London before Christmas

October 23, 2016

London's biggest banks could start leaving the capital within the next few months, according to one of the Square Mile's most important figures. Anthony Browne, head of the British Bankers' Association (BBA), which represents the interests of UK-based lenders and investment banks, told The Guardian banks have already started contingency planning and the process of moving [...]
Takeover rumours fly but markets fail to take off

October 21, 2016

Markets are yawning their way to the weekend with a quiet finish to a tumultuous week. Stocks has shaved a few points, sterling is up against some, down against some and very little of note is happening on the financial markets despite a big day of political developments and some chunky corporate news. Two takeover [...]
London City Airport evacuated after fire alarm

October 21, 2016

London City Airport has been evacuated after a fire alarm was set off and passengers were ordered onto the runway for safety. The terminal building was fully evacuated this afternoon shortly after 4pm and the runway was closed to arrivals and departures. Airport spokespeople confirmed that emergency services are on site, though they had not [...]
Labour going backwards in polls under Jeremy Corbyn while Theresa May extends lead

October 21, 2016

Labour has fallen back under Jeremy Corbyn while the Tories are streaking into the distance – hard-hitting but unsurprising new research has revealed. Those pesky pollsters at Ipsos Mori have done what pollsters do best – ask people for their opinions – and discovered that despite the Conservatives having been torn apart during the Brexit [...]
Property sales start to stumble following Brexit vote

October 21, 2016

The number of people buying and selling homes, flats and offices has dipped in the latest sign of uncertainty in the UK property market. According to transaction figures published by HM Revenue & Customs (HMRC) this morning, sales of both residential and commercial properties are down. There were 93,130 residential transactions rubber-stamped during September, down 4.3 [...]
Autumn Statement 2016: Philip Hammond in trouble as government dramatically misses borrowing target

October 21, 2016

The government has dramatically overshot its target for public borrowing, with a whopping £10bn black hole in the country's finances. The deficit – a measure of how much more the government spends than it receives – rose to £10.6bn in September. That was £2.5bn over expectations and 14 per cent higher than the same month last year. It [...]

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By: Jake Cordell

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