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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Stock markets calm at the open but sterling still suffering

June 27, 2016

Stock markets have opened relatively calmly this morning as traders hold their nerve over the fallout from the EU referendum. The FTSE 100 was down just 0.5 per cent at 6,111.36. Just one hour before trading started the index was expected to tumble by around three per cent. The FTSE 250, generally considered a better indicator of [...]
George Osborne keeps quiet on his leadership plans in first post-referendum appearance

June 27, 2016

George Osborne refused to be drawn on whether he will be running to succeed David Cameron as prime minister later this year, in his first appearance since the UK voted to leave the EU. As he intervened to calm the markets and killed off the prospects of the post-Brexit "emergency Budget", the chancellor confirmed an update [...]
Boris Johnson denies Leavers were motivated by immigration and says the UK will maintain access to the single market

June 27, 2016

Boris Johnson wants to keep the UK's access to the single market and does not believe concerns about immigration played a defining role in the vote to leave the EU. The former mayor of London and chief Brexit campaigner set out his stall in his weekly column in The Telegraph this morning, in the first [...]
EU referendum: Top Labour MP wants parliament to overrule the EU referendum result

June 25, 2016

A senior Labour MP has called on parliament to strike down the result of Thursday's referendum and stay in the European Union. David Lammy, MP for Tottenham and a former minister under Tony Blair and Gordon Brown, said the UK needed to "wake up" and wants parliament to stage a vote next week so it [...]
Pride 2016: London march in photos

June 25, 2016

Thousands of people from across the world are flooding through London’s streets on the 43rd annual Pride march through the capital. Rainbow flags are being flown across a number of city landmarks, with others list up to celebrate the occasion. Conservative MP and International Development Secretary Justine Greening, also chose today to announce she is in a [...]
EU referendum: The Scottish government will talk directly to other EU countries over a second independence referendum

June 25, 2016

The Scottish government will open discussions with Brussels immediately about finding a way to keep Scotland in the European Union, Nicola Sturgeon has confirmed this morning, as the UK hurtles towards a second referendum on Scottish independence. After a meeting of her cabinet this morning the First Minister outlined her plans to do whatever she can to make [...]
EU referendum: Jeremy Corbyn hits back against calls for him to step down after Brexit vote

June 25, 2016

Jeremy Corbyn has confirmed he will not be stepping down as Labour leader and will fight any attempt from Labour MPs to oust him. After two senior Labour figures – Margaret Hodge and Ann Coffey – tabled a motion of no confidence in the leader, Corbyn said he was aware of unrest within the party but would [...]
EU referendum: Foreign ministers of EU’s six founding members hold crisis meeting in Berlin to discuss Brexit response

June 25, 2016

The original six members of the European project have met in Berlin today for crisis talks on how to handle the UK's decision to leave the European Union. The foreign ministers of Germany, France, Italy, Belgium, the Netherlands and Luxembourg are to discuss how the EU should approach the mammoth negotiating task that is about [...]
EU referendum: How newspapers around the world are reacting to Brexit

June 25, 2016

Today is the first chance newspapers from around the world had to respond to Thursday's historic vote to Leave the European Union. It's fair to say they've been as split after the result as they were before the vote even took place, ranging from the outright celebratory to fears that the end of the world [...]
EU referendum: Everything you need to know the morning after Brexit

June 25, 2016

It has been 24 hours since we received confirmation that the UK had voted to leave the European Union and Westminster, the country, Europe and the world are still in shock. Whatever side of the debate you were on, the result was a surprise. Seconds after polls closed on Thursday evening Ukip leader Nigel Farage all but conceded, [...]

Barclays and Lloyds shares pop as FTSE 100 banks rally on ceasefire

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