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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Economic sentiment reaches four-month high in fragile Eurozone

May 30, 2016

Confidence across the Eurozone jumped in May as strong consumer spending and a financial services sector on the mend helped repair a fragile feel-good factor across the single currency bloc. The official European monitor of confidence – the Economic Sentiment Indicator (ESI) – came in at 104.7 for the Eurozone on an index where 100 marks the [...]
Turkey hits back at Cameron’s “Year 3000” accession claim

May 28, 2016

Turkey has hit back against David Cameron's claim that it will not join the European Union for another thousand years. Facing pressure from Leave campaigners last weekend over the extension of the EU and Turkey's application to join the union, the prime minister said: "At the current rate of progress they will probably get round [...]
EU referendum: There was a record number of bets on Brexit last week as punters piled into the Leave campaign

May 28, 2016

A record number of bets have been placed on the Leave side coming through in next month's EU referendum, according to bookies Ladbrokes. Odds on the UK voting for Brexit hit their lowest level since the market went live last week after a string of opinion polls showed the Remain side stretching their lead. But [...]
Tata Steel to complete sale of Scunthorpe plant to Greybull Capital this week

May 28, 2016

Tata Steel is to complete the sale of its Scunthorpe-based long-products arm next week after a £400m finance package was put in place with Greybull Capital over the weekend. Greybull Capital bought the beleaguered steel division, which includes a works in Scunthorpe that employs 3,000 people and other sites in the UK and France, for a nominal £1 earlier [...]
Vote Leave: After Milibrand, Ed should really know better than trying to win young voters

May 28, 2016

A Conservative MP has told Ed Miliband he should stay out of the EU referendum campaign and mocked his attempts to win young support by pairing up with comedian-cum-activist Russell Brand before last year's General Election. James Cleverly said the former Labour leader was making a "cynical attempt" to woo young voters ahead of the In/Out [...]
EU referendum: Coalition of left-wing politicians including Yanis Varoufakis and John McDonnell make the case against Brexit

May 28, 2016

A coalition of left-leaning politicians and commentators will unveil a new plan to stay in the European Union today in London with a day of "workshops and interactive sessions" they hope will inspire young people to vote. The group, organised under the banner, "Another Europe is Possible", includes Labour shadow chancellor John McDonnell, the Green [...]
EU referendum: Ed Miliband says Brexit camp will win as he calls on young people to vote

May 28, 2016

Ed Miliband has said that the fate of the EU referendum is in the hands of young people and warned that without their votes, the Leave side will win on 23 June. Speaking at a campaign event for the Britain Stronger in Europe group this morning, the former Labour leader said, “the EU referendum could be [...]
Tony Blair has said Jeremy Corbyn as prime minister would be a “very dangerous experiment”

May 28, 2016

Tony Blair has warned the Labour Party and the British electorate against electing Jeremy Corbyn as prime minister in some of his most critical comments yet of the party leader. Speaking to the BBC in an interview to be broadcast this afternoon, Blair, Labour’s most electorally successful leader in its history, said a Corbyn premiership would [...]
Scientists want the Rio Olympics moved somewhere else because of the Zika virus

May 28, 2016

More than 150 health professionals have called for the Olympic Games to be postponed or moved to a different country to help stop the spread of the Zika virus. The call comes as concerns about the spread of the virus in Brazil grow ahead of the Games, which are expected to bring more than 500,000 spectators to Rio [...]
At the close: Bank holiday starts early for the London markets on flat day in the City

May 27, 2016

Friday's are always slightly slower in the Square Mile. None more so than on a sunny afternoon on a bank holiday eve. The markets, characteristically, were static. The FTSE 100 closed down 0.1 per cent at 6,258.06, but volumes plummeted, with the number of shares swapping hands around half its usual level. The slow day [...]

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By: Jake Cordell

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