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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Get ready for another bout of Fedspeak when the US Federal Reserve holds interest rates this evening

April 27, 2016

The US Federal Reserve will not be raising interest rates this evening. Neither will Janet Yellen – or anybody from the rate-setting Federal Open Markets Committee (FOMC) – be holding a press conference to announce the non-decision. That won't be enough to stop markets working themselves into a frenzy at around 7pm when a written [...]
Antofagasta posts mixed production update – profits hostage to fortune of global commodity prices

April 27, 2016

Metal production slipped at Antofagasta in the first three months of the year, as the FTSE 100 mining giant continued to cut costs and said it was on course to hit its output and spending targets for the year. Revenues and profits, however, will depend on swings in commodity prices, which have proved a challenge in recent months. [...]
London Stock Exchange revenues up eight per cent as it steps up battle to force through Deutsche Boerse merger

April 27, 2016

The London Stock Exchange (LSE) has posted a strong set of first quarter results as it ramps up its fight to secure the multi-billion pound merger with Deutsche Boerse (DB). LSE Chairman, Donald Brydon, hit back at critics of the deal in a fiery exchange with shareholders as the results were announced: "We wouldn't be embarking [...]
US Presidential Election 2016: Donald Trump and Hillary Clinton take step closer to White House

April 27, 2016

The frontrunners in the campaigns to secure the Republican and Democratic nominations for the 2016 US Presidential race have traded blows as they edged closer to the finish line last night with primary wins in several north east states. Donald Trump secured victory in all five states that held contests yesterday – Connecticut, Delaware, Maryland, Pennsylvania, and Rhode Island. [...]
EU referendum: Businesses defend free movement and issue warning on Brexit

April 27, 2016

Restrictions on EU migrants would cause long-term damage to a number of UK businesses, a new report has said, as employers claimed Brexit could stifle their ability to grow. Firms in the construction, hospitality, and food and drink sectors told the National Institute of Economic and Social Research (Niesr) that they struggled to hire British workers [...]
Regular home buyers feel the squeeze as investors and second home buyers storm London property market

April 27, 2016

Fewer than half of all homes sold in central London over the last three months went to regular homeowners, a new report has shown, casting a light on the extent of the housing crisis in the capital. Buy to let landlords accounted for 36 per cent of property transactions during the first three months of [...]
Mega fines for the UK banking industry might be about to end

April 26, 2016

The era of multi-billion pound fines, compensation payouts and litigation charges for UK banks could be drawing to a close, one of the world's leading ratings agencies has said today. In a new report that is sure to make for welcome reading in City boardrooms, Standard and Poor's (S&P) said that 2016 will be the final [...]
Obama effect holding steady as sterling soars against the dollar

April 26, 2016

The pound has soared against the dollar today, smashing through the $1.46 mark and extending a run of gains that has caused sterling to rise by six per cent in the past 10 weeks. This afternoon, the pound was trading at $1.4614, up 0.91 per cent on the day. Sterling's gains were mirrored against the euro, where it was [...]
The bucket list? Here are the top 10 things new retirees are desperate to do – and how much they cost

April 26, 2016

For many, the nine-to-five slog is made just that little bit more bearable by dreams of a sunny and stress-free retirement. With warnings left, right and centre about how we're going to be working into our seventies or how nobody is saving enough for a pension, The Share Centre has issued a timely reminder for those hoping [...]
Mitsubishi could have been flouting fuel efficiency rules for 25 years

April 26, 2016

The scandal at Mitsubishi Motors could date back a quarter of a century, it was reported this morning, as the troubled Japanese car maker announced it was setting up a special committee to investigate wrongdoing. In a statement issued this morning, Mitsubishi said: "Mitsubishi expresses its most sincere apologies to all of our customers, shareholders, [...]

Henry Pollock: England rugby star joins Eddie Hearn’s Matchroom Talent Agency

Henry Pollock: England rugby star joins Eddie Hearn’s Matchroom Talent Agency

Rolls-Royce to launch ultra-exclusive Coachbuild Collection

By: Jake Cordell

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