By: James Nickerson

I am a reporter at City A.M. looking at the stories, people and data behind political events from the UK, Europe and further afield. I also write about infrastructure and transport, as well as broader issues around global business.

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At the close: FTSE 100 closes down after the European Central Bank is more dovish than expected

December 3, 2015

The FTSE 100 index closed lower on Thursday, alongside other European indices, after the European Central Bank's (ECB) measures disappointed markets. The index closed 2.27 per cent down, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789 points and France's CAC 40 shut 3.58 per cent down at 4,730 points. The [...]
European markets under pressure following ECB decision to cut deposit rate by less than expected

December 3, 2015

European markets have not reacted with confidence following a more-dovish-than-expected decision by the European Central Bank to cut its deposit rate to just minus 0.3 per cent. The FTSE 100 was trading 1.07 per cent down at 6,352 points in early afternoon trading, while the German Dax was 2.6 per cent lower at 10,891 points. The French CAC 40 was down [...]
Individuals are shouldering more of the tax burden as companies find ways to pay less, warns OECD

December 3, 2015

Since the global economic crisis corporate tax revenues have been falling, pilling greater pressure on individual taxpayers to shoulder the burden so that governments can meet financing requirements, according to the Organisation of Economic Co-operation and Development (OECD). Individual workers and consumers are now taking on the burden of more tax, as across OECD countries average revenues from [...]
Debenhams’ and Spire’s share prices lead the fallers on the FTSE 250 after analysts’ warnings

December 3, 2015

Debenhams and Spire Healthcare were the two biggest fallers on a buoyant FTSE 250 today following on from analysts' warnings. Retailer Debenhams was down 4.45 per cent to 79.2p per share in early-afternoon trading, after a note from Goldman Sachs cast doubt on its profit outlook. Read more: Debenhams set for shareholder leadership coup Analysts at Goldman Sachs said the outlook for profits for [...]
Including foreign students in the net migration cap is sheer buffoonery

December 2, 2015

If reports are true that the government may exclude foreign students from the net migration cap, it’s cause for celebration. The migration cap helps nobody, and limiting the number of foreign students who can come – and pay – to study in Britain is particularly senseless. It might just be a sign that a Prime [...]
At the close: FTSE 100 index rises on pharmaceuticals

December 2, 2015

The FTSE 100 index closed up last night, buoyed by pharmaceuticals that were given a boost from a Morgan Stanley note supporting AstraZeneca. The UK’s top blue-chip index closed up 0.4 per cent, at 6,420.93 points. Shire led the pack higher, closing 2.35 per cent up at 4,745p per share, while GlaxoSmithKline ended the session [...]
EU referendum: Disunited Kingdom – how far apart are we on the EU and could England vote to take the UK out despite other nations voting to stay in?

December 2, 2015

The surprise outright victory of David Cameron’s Conservative party at this year’s General Election means that we are now certain there will be a referendum on Britain’s future in the European Union (EU). At some point before the end of 2017, we will be asked whether we think the UK should remain a member of [...]
Pace’s share price surges as US Department of Justice closes investigation into merger with Arris

December 2, 2015

Pace, the set-top box maker, helped lift the FTSE 250, with shares rallying after the US Department of Justice (DoJ) closed its investigation into Arris' acquisition of the company. Pace's shares rose 7.61 per cent to 435.35p in early afternoon trading. The DoJ had previously requested information and was investigating the combined businesses position in "optical transmission", which had [...]
Saga’s share price slumps after its largest shareholder sells 13 per cent stake

December 2, 2015

Saga's share price flopped in mid morning trading after it was announced its largest shareholder was selling a stake in the company. Stock in Saga sank 5.28 per cent to 201.05p per share, making it the second biggest faller on the FTSE, behind Moneysupermarket, which fell 6.88 per cent. Shares in Saga dropped after Acromas Bid [...]
Sage Group’s share price slides despite hitting targets

December 2, 2015

Sage Group's share price led the fallers on the FTSE 100 this morning, despite posting strong results and indicating further growth. Sage's share price was 4.06 per cent lower at 554.25p per share in mid-morning trading, after it posted revenue growth of six per cent for the year to the end of September. It said it expects [...]

Mike Ashley appeal case confronts ‘unjust’ trademark claims

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Jeremy King: My honest thoughts on The Ivy £1bn sale

By: James Nickerson

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