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 up on banks following the Bank of England stress tests

December 1, 2015

The FTSE 100 closed up today, led higher by banks after five of seven banks that took part in the Bank of England's stress tests passed. The UK's top blue-chip index rose 0.62 per cent, to 6,395 points. Five participating banks – Barclays, HSBC, Lloyds Banking Group, Santander UK and the Nationwide building society – all passed [...]
London airport expansion: Business reacts to government “dithering” on Heathrow decision

December 1, 2015

Business groups have responded with apprehension after the government pushed back the decision on whether to build a third runway at Heathrow until next week, and demanded urgent action. It was anticipated that the government’s decision on the controversial issue would come this week, but a senior transport source told City A.M. that the verdict is not [...]
EU referendum: Chancellor George Osborne says EU cap on bankers bonuses has been “entirely counterproductive”

December 1, 2015

Speaking to MPs on the influential Treasury Select Committee, chancellor George Osborne has called the EU cap on bankers bonuses counterproductive. In response to a question from Conservative MP Mark Garnier, Osborne said: "The bonus cap to my mind has been entirely counterproductive, it has led to higher base pay within banks, it hasn't reduced overall [...]
Defence secretary Michael Fallon beefs up argument for air strikes in Syria saying UK is already a target

December 1, 2015

Ahead of the one-day House of Commons debate on where the UK should its allies in bombing the so-called Islamic State in Syria, defence secretary Michael Fallon has warned that IS is "a very real threat to us here in Britain". Speaking to MPs on the defence select committee, Fallon said the UK is "already a [...]
Petra Diamonds’ share price rallies as banks waive some debt covenants and it agrees to buy De Beers’ Kimberley Mines

December 1, 2015

Petra Diamonds’ share price skyrocketed today on the confirmation of its Kimberley mine deal and news lenders had agreed to waive some covenant tests. The company’s shares closed up 12.63 per cent, at 72.25p per share, leading the FTSE 250 higher. The group of lenders, including Absa Bank, FirstRand Bank, IFC and Nedbank, told Petra Diamonds they were [...]
Oldham West and Royton by-election 2015: What does history tell us will happen?

December 1, 2015

One thing’s for sure in the up-coming Oldham West & Royton by-election: neither Labour nor Ukip are taking electoral victory for granted in what is going to be a bitterly fought contest. In leader Jeremy Corbyn’s first electoral challenge since taking the reins of the Labour party, his party won’t take any chances: it’s up [...]
At the close: FTSE 100 index closes down on Aberdeen Asset Management and BHP Billiton

November 30, 2015

The FTSE 100 index closed down today, led lower by Aberdeen Asset Management and BHP Billiton. The UK's top blue-chip index ended Monday's session 0.3 per cent down, at 6,356 points. Aberdeen Asset Management's share price fell 4.6 per cent to 319.4p after having reported a 12.5 per cent fall in assets under management. The [...]
Syria air strikes: 75 per cent of Labour members are against extending strikes into Syria

November 30, 2015

Labour leader Jeremy Corbyn has written to Prime Minister David Cameron asking for a two-day debate on air strikes in Syria. In a letter sent this afternoon beginning "Dear David", Corbyn said the matter is "of such critical importance there must be full and adequate time for any debate". "A one day debate would inevitably lead to [...]
Conservative ministers to lobby Labour MPs over air strikes in Syria

November 28, 2015

Ahead of a vote in the House of Commons on whether the UK should extend air strikes into Syria, ministers are expected to be making calls to Labour MPs to shore up support from the opposition benches. The foreign secretary Philip Hammond and defence secretary Michael Fallon are said to be among those making calls, [...]
Black Friday: Online shopping rose 270 per cent compared to a normal day

November 28, 2015

An analysis of the 24 hour period of Black Friday found a 270 per cent increase in e-commerce activity compared to a normal day. At some time periods in the day, such as between midnight and 1am, there was a mammoth 660 per cent increase in online activity using a normal day, in this case Friday [...]

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Bentley Continental GT review: Luxury coupe with a sporting side

By: James Nickerson

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