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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Iain Duncan Smith just defended Boris Johnson’s attack on ‘part-kenyan’ Barack Obama

April 25, 2016

Iain Duncan Smith has defended Boris Johnson’s use of the term “part-Kenyan” to describe Barack Obama and said the government told the President to issue his warning that Britain would not be able to strike a UK-US trade deal if it votes for Brexit. The former work and pensions secretary, who resigned in protest at [...]
Profits slip but revenues rise, as Sportingbet owners GVC Holdings takes a punt on Bwin

April 25, 2016

Shareholders dismissed falling profits at gambling giant GVC Holdings this morning – despite a 39 per cent slide in profits off the back of GVC's acquisition of Bwin. The figures Net gaming revenue – income on punters' wagers minus payouts – climbed by 10 per cent to €248m (£193m) in the year to the end of December. The total amount [...]
Oil prices fall back from $45 a barrel as investors cash in one week after failed Doha meeting

April 25, 2016

Oil prices slipped back on early monday morning, falling below $45 a barrel again, as investors booked profits off the back of a good few weeks for buyers of the black stuff. Brent Crude was trading at $44.60 on Monday morning, down 1.13 per cent from Friday's close. The price had dipped as low as $44.49 at one stage. [...]
Gallery: When Barack Obama came to London

April 23, 2016

Unless you've been living under a rock, you may have noticed that Barack Obama has been in town for a few days. And, he's been getting about. He's met Queen Elizabeth, David Cameron, the Duke and Duchess of Cambridge, Prince George, Prince Harry, Jeremy Corbyn, a bunch of young people at a town hall meeting [...]
The President of the United States Barack Obama discussed Brexit and inequality with Jeremy Corbyn and congratulated him on becoming Labour leader

April 23, 2016

Barack Obama has had a busy morning. After waking up to wall-to-wall coverage of his comments on EU referendum, he hopped up on stage with some of London's finest for a ten minute rendition of Hamlet in an otherwise empty Shakespeare's Globe. Then he held a town hall meeting where British youngsters grilled him on [...]
US Presidential Election 2016: Donald Trump calls Hillary Clinton “crooked” and insists he can act like a president

April 23, 2016

Donald Trump has been at it again in his latest bombastic media appearance, as he blasted Hillary Clinton for being “crooked” and said she sets a bad example for other women. But don’t worry everybody, the Donald is just playing the fool to get attention – he can become a regular politician anytime he wants, according to [...]
“A plague on both your houses”: The Shakespeare property index

April 23, 2016

"Money buys lands, and wives are sold by fate," wrote William Shakespeare in The Merry Wives of Windsor. But exactly how much land a wad of cash will get you is, as we know, different around the world. In the spirit of the 400th anniversary of the Bard of Avon's death, estate agents Knight Frank [...]
Oh, burn. Barack Obama had this to say on the not-so special relationship

April 23, 2016

Barack Obama has been wined and dined by the Queen, the Duke and Duchess of Cambridge and the Prime Minister during this week’s visit to the United Kingdom. On all sides, there has been gushing talk of the “special relationship” and centuries of friendship. Aside from with those pesky Leave campaigners, Obama’s reputation and image is a [...]
Shakespeare house prices

April 23, 2016

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“Let them drink water” government officials cry as they outline plan to force restaurants to hand over free tap water

April 23, 2016

Restaurants are being urged to hand over more precious tap water to their customers in the latest plan to tackle childhood obesity. The Local Government Association (LGA) said eateries must "take responsibility" and start to offer diners a glass of free tap water as part and parcel of the restaurant experience, in a new report out today. Read more: [...]

City leaders weigh employment policy alternatives to non-competes

Bayern Munich old boys in takeover of Portuguese top-flight club

A love letter to Sweetings, the City’s oldest restaurant

By: Jake Cordell

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