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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Ken Livingstone suspended as Labour Party accused of becoming a home for “vicious anti-Semites”

April 28, 2016

Zac Goldsmith has accused the Labour Party of becoming a home for "vicious anti-Semites" as it was reported Ken Livingstone had been suspended from the party after he said Adolf Hitler was a Zionist in a radio phone-in this morning. "There is no doubting that the party has become a home for anti-Semites, and not just mild anti-Semites – vicious anti-Semites,” [...]
Confidence across Europe is on the up – except in the UK

April 28, 2016

After a bleak start to the year, things are looking up in the Eurozone, according to the latest confidence indicators out this morning. For the first time in 2016, the economic sentiment indicator – the EU's official measurement of the feel-good factor across the continent – went up instead of down. Read more: These economists [...]
Yen surges and Nikkei slumps after Bank of Japan shocks markets

April 28, 2016

"Surprise" was the word used this morning to describe the Bank of Japan (BoJ)'s decision not to cut interest rates. In the stage-managed world of central banks, "surprise" is not a good thing. When Mario Draghi last caught the markets off guard just a few weeks ago when he said he could not see the European [...]
Revenue jumps at advertising giant WPP following battle over Sir Martin Sorrell’s £63m pay deal

April 28, 2016

Revenue spiked at advertising giant WPP in the first three months of the year, jumping 10.5 per cent to £3.1bn, well above forecasts off the back of strong performance in North America. The figures Reported revenue climbed 10.5 per cent in sterling terms to £3.1bn. On a constant current basis, revenue was up nine per cent [...]
Profits drop six per cent at Lloyds Banking Group, beating analysts’ expectations

April 28, 2016

Shares in Lloyds Banking Group plummeted by as much as four per cent this morning after the bank posted a six per cent drop in profits during the first quarter, beating analysts' expectations, but disappointing investors. Lloyds has since recovered some of the ground, with shares down two per cent by mid-morning, but the fall will still [...]
EU referendum: Economists launch new pro-Brexit report attacking EU as an “evil” customs union

April 28, 2016

A group of economists has struck back against what they see as the one-sided tone of the EU referendum debate today, with a new report that outlines the potential benefits of leaving the EU. "Economists for Brexit", a campaign group launched this morning, said Brexit would lead to lower prices, more jobs and faster economic growth, dismissing the claims put [...]
CBI warns of delays to the apprenticeship levy as it worries the scheme may not be viable by April 2017 launch date

April 28, 2016

Employers are demanding the government rethinks its flagship apprenticeship levy policy as business groups have raised yet more concerns that the scheme is not fit for purpose and might not be ready on time. In a speech later today, Carolyn Fairbairn, director general at the CBI will say: “Firms are passionate about apprenticeships, and it's [...]
Bankers: Nearly everybody else is working harder than you

April 27, 2016

Workers in the square mile probably feel like they have one of the hardest daily grinds in the country. If you're one of them, you might agree, but a new survey from recruitment firm Reed suggests there will be little in the way of sympathy from friends and families in other professions. In fact, most people [...]
EU referendum: OECD Brexit warning in numbers, quotes, and charts

April 27, 2016

The Organisation for Economic Co-operation and Development (OECD) issued a stark picture of what a British exit from the European Union would mean for the UK economy this morning. That UK would be worse off “for generations to come” according to the OECD was just one of a number of comments and charts published today that will be [...]
GDP growth slows to 0.4 per cent as first quarter volatility hits UK economy

April 27, 2016

Economy watchers have been gearing up for today for quite some time. Calendars are cleared, models refined, data plugged in and the braver ones of the bunch even stick their necks out with a prediction or two. That's right: It's GDP day. We knew it was going to be ugly. The economy grew by 0.6 per cent in [...]

UK Sport: We invest £32m in winter sports because Britain cares deeply

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Jake Cordell

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