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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Dividend payments outpace profits at FTSE 350 firms for the first time since the recession

July 4, 2016

The UK’s top firms paid out more in dividends last year than they made in profits for the first time since the recession, as they ate into reserves, balances sheets and future earnings to protect payouts to shareholders. Despite profits at the 350 biggest UK-listed firms tumbling by more than half to £76.2bn in 2015, [...]
Investors hold the gold as risk-appetite goes cold

July 4, 2016

The amount of cash invested in gold funds has jumped by one-third since the beginning of the year, as investors become more and more desperate to squirrel their money away in safe havens. Data from Bloomberg showed holdings in bullion-backed exchange-traded funds (ETFs) swelled to 1,959 tonnes at the end of June, up from 1,458 at the beginning [...]
Standard and Poor’s: UK will “barely escape fully-fledged recession”

July 4, 2016

The UK will narrowly avoid a recession, but only if it stays in the single market for another two years and the Bank of England exhausts its policy toolbox to prop up the economy, a leading ratings agency has said. Standard and Poor's (S&P), said the UK's vote to leave the EU will knock more [...]
Nigel Farage has resigned as leader of Ukip

July 4, 2016

Nigel Farage has resigned as the leader of Ukip, just 11 days after the UK voted to leave the European Union. In a speech this morning announcing his decision to step down, Farage said: "During the referendum I said I wanted my country back. Now I want my life back." Amid reports of a falling [...]
Construction output slumps to seven-year low on Brexit fears

July 4, 2016

Construction output plummeted in June as firms held off major projects due to uncertainty ahead of the EU referendum, fresh data has shown. The closely-watched purchasing managers' index (PMI) for the sector came in at its worst level for seven years this morning, plunging from 51.2 in May to 46 on an index where scores below [...]
Supermarkets under attack from the short-sellers

July 4, 2016

Traders believe the worst is far from over for the UK's embattled supermarkets, as short-sellers have piled in to bet against the sector in the next few months. More than three times as many shares are held by people hoping to profit from a near-term fall in the share price of the UK's leading supermarkets as [...]
At the open: FTSE 100 picks up where it left off with positive start to the week

July 4, 2016

Stock markets are still on the up at the beginning of the second week of trading after the UK voted to leave the EU. After hitting 10-month highs at the end of last week and climbing 600 points in five days, there is little sign of profit-taking this morning, with the bluechip index jumping anther [...]
Bank of England prepares to throw a bone to profit-starved banks

July 3, 2016

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Business confidence steady on eve of EU referendum

July 3, 2016

On the eve of the referendum UK businesses were feeling optimistic about the future and were ramping up production, a new survey from the CBI has shown. In a survey of businesses conducted in the weeks before the 23 June vote, manufacturers, retailers and services firms reported little sign that pre-referendum nerves were holding them [...]
Independent Scotland could become “Greece without the sun”

July 3, 2016

Scotland could end up going the way of Greece if it voted to leave the UK in order to remain a member of the European Union as an independent country, a new report has argued. The Centre for Policy Studies (CPS) has warned Nicola Sturgeon the economic case for independence is even weaker than it was [...]

Space stocks lift off as investors eye Space X moment

North Korea using elite rugby to entice English teachers from Britain

Carbone London review: Electric vibes, but the food…

By: Jake Cordell

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