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

FTSE 100 drops below 7,000 as Unilever and Tesco share prices fall after Marmite row

October 13, 2016

The FTSE 100 has fallen further from its record high as markets digest some shock weak trade figures from China and the US Federal Reserve looks on course to hike interest rates. The bluechip index tumbled below 7,000 points to stand down for the week after reaching a record intraday high of 7,129 on Monday. Miners, [...]
Only half of us want central banks to give us free money

October 13, 2016

Only half of the population think central banks should dish out free cash to every citizen across Europe, a new survey has revealed. In a survey looking at what the public thinks of the controversial idea of "helicopter money", just 54 per cent said they wanted to be given €200 (£180) a month tax free [...]
Bank of England warns: EU cannot replace the City

October 12, 2016

London's financial services firms would rather head across the Atlantic to New York than relocate across the Channel if forced to leave London, a Bank of England deputy governor said yesterday, as diplomatic figures suggest that Europe would shoot itself in the foot if it drives a hard bargain with the City over Brexit. Jon [...]
US Federal Reserve: Rate hike delay was “close call”

October 12, 2016

The US dollar crept higher this evening after the Federal Reserve revealed it is on course to hike interest rates by the end of the year. Published this evening, minutes from the Fed's most recent meeting of the Federal Open Market Committee (FOMC), held in mid-September showed rate-setters acknowledged it was a "close call" not to [...]
Conservative MP attacks culture of Whitehall leaks

October 12, 2016

A Conservative MP has hit out at the culture of leaking at the top of politics after a week of controversy over the government's Brexit strategy. Treasury Select Committee (TSC) member Steve Baker today pushed the Treasury to find out who was responsible for comments made anonymously earlier this week to national newspapers which seemed to [...]
BoE deputy governor: London’s financial services firms could go to New York

October 12, 2016

A top official at the Bank of England has warned New York could poach some of London's financial services firms if the UK does not secure a good Brexit deal. Jon Cunliffe, deputy governor with responsibility for financial stability, said while the threat from European financial hubs like Frankfurt, Paris or Amsterdam was unlikely to [...]
Former Sainsbury’s boss warns of imminent price hikes

October 12, 2016

The ex-boss of one of the UK's leading supermarkets has warned shops will have to start hiking prices soon in response to the plunging pound. Justin King, who spent a decade as chief executive of Sainsbury's, told a conference on Wednesday it would be impossible for shops to absorb the higher costs of raw materials and imported products without charging [...]
Sterling falls back after posting early morning gains

October 12, 2016

The pound fell back in afternoon trading today, slipping below $1.22 after an early morning rally saw it reverse yesterday's hefty losses. Sterling hit a low of $1.2086 late last night after American traders took a decidedly pessimistic view on the currency, wiping two cents off sterling in a matter of four hours. After investors' fears [...]
Is this as good as it gets for manufacturing in the Eurozone?

October 12, 2016

The march of the Eurozone's makers sped up over the summer as industrial production rose across the single currency bloc. Manufacturing output jumped by 1.6 per cent in August, ahead of expectations and up from a stumble in July which saw activity slip. The four biggest members of the 19-member Eurozone all reported growing activity, [...]
Sterling hit its lowest level on record last night

October 12, 2016

The pound fell to its lowest ever level during yesterday afternoon's brutal sell-off as the currency remains under intense pressure. Sterling, which has been suffering at the hands of nervy traders keeping both eyes on every utterance from Prime Minister Theresa May, hit its weakest mark on the Bank of England's "effective exchange rate index" [...]

Business activity rebounds but Budget nerves could damage growth

Europe or US: Which sports league system will come out on top?

BMW i7 review: Flagship luxury saloon suits being electric

By: Jake Cordell

All 1029 Articles

Subscribe