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

Marmite peace settlement sends Tesco to the top of the FTSE 100

October 14, 2016

Good news about the black stuff has sent the FTSE 100 climbing higher in this morning's trading. Or, to be more precise, good news about the black stuffs. Because while the price of a barrel of Brent Crude oil rose 0.8 per cent to $52.42 this morning, and metals also headed north – good news for [...]
Construction industry still struggling for momentum

October 14, 2016

British builders downed tools over the summer, as construction output missed economists' expectations in the wake of the EU referendum. Activity in the sector, which accounts for around six per cent of the UK economy, dropped by 1.5 per cent between July and August, the Office for National Statistics (ONS) confirmed this morning. The fall [...]
Be afraid: Market volatility and the fear index are on the rise

October 14, 2016

After a surprisingly quiet summer, nerves have returned to the financial markets and volatility is on the rise. In the UK, the FTSE 100 has moved by more than 0.5 per cent on 10 of the last 13 days and sterling has suffered some chunky jolts back-and-forth, often crashing through multiple resistance points in single trading sessions. [...]
MPs criticise Article 50 case as a “diversionary tactic” after its first day in court

October 13, 2016

Eurosceptic politicians have criticised a lawsuit arguing the legal process for leaving the EU for pulling away from the real issues of the debate just as the case kicked off in court. The case, which aims to determine whether an Act of Parliament needs to be put in place before government triggers Article 50 or whether government has the [...]
Tesco and Unilever strike deal over Marmite price war

October 13, 2016

It's over. After a day which divided a nation and saw (some) Britons head to their nearest supermarket to stock up on our favourite yeast-based love-it-or-hate-it spread, two of the biggest names in British retail laid down arms. Marmite-owner Unilever said this evening: Unilever is pleased to confirm that the supply situation with Tesco in the [...]
Donald Tusk tells the UK: It’s hard Brexit or no Brexit

October 13, 2016

Top EU policymaker Donald Tusk has told the UK there is no possibility of a so-called "soft Brexit". Tusk, president of the European Council, said this afternoon "the only real alternative to a hard Brexit is no Brexit" as he appeared to shut the door on the option of the UK and the EU striking a [...]
US Presidential Election 2016: The Bank of Mexico is starting to get quite worried

October 13, 2016

The Mexican central bank has warned that the US Presidential election is the biggest threat to Mexico's economy. Around 80 per cent of Mexico's exports head across its northern border to the world's largest economy, and the country's policymakers have been growing increasingly nervous about what a Donald Trump presidency would mean for them as [...]
Will the pound’s weakness continue to drive the FTSE 100?

October 13, 2016

The relationship between the weak pound and a strong stock market is showing signs of fraying, analysts pointed out today, as the FTSE 100 dives even as the pound remains under pressure. Sterling has been through the ringer this week, swinging up and down on the slightest whisper of Brexit news, although today's trading has been slightly calmer, with [...]
Business profits set to stumble in wake of EU referendum

October 13, 2016

Corporate profitability held up in the three months before the EU referendum, new statistics have revealed, as companies showed little sign uncertainty was weighing on their ability to generate cash. The Office for National Statistics (ONS) said this morning profitability of private sector non-financial corporations, as measured by their net rate of return was 12.2 per [...]
Chinese trade tumbles amid weak demand

October 13, 2016

China posted its weakest trade figures for six months overnight, as the economy suffers in the face of weak demand at home and abroad. Both exports and imports dropped in the year to August, falling well below economists' expectations and proving the world's second largest economy is not immune from the global growth slowdown. Analysts had expected [...]

Labour will regret the Renters’ Rights Act

NBA-EuroLeague talks at an impasse, adding uncertainty to bidding process

What’s on in London in May

By: Jake Cordell

All 1029 Articles

Subscribe