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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FTSE 100 index opens down on G4S, Rolls-Royce and Glencore

November 13, 2015

The FTSE 100 opened marginally lower this morning, led by falls in G4S and Rolls-Royce, while miners regained some ground. The UK's top blue-chip index was down 0.32 per cent at 6,158 points, led by security company G4S, which opened 3.18 per cent down at 228.9p per share after it was downgraded by a broker. "G4S [...]
At the close: FTSE 100 slides as Rolls-Royce plummets

November 12, 2015

The FTSE 100 index fell in Thursday's trading after Rolls-Royce shares tanked and miners continued to slide. The UK's top blue-chip index fell 1.88 per cent to 6,178 points. Rolls-Royce was the biggest casualty of the day, tumbling 19.57 per cent to 536.5p after warning profits will be at the lower end of expectations due [...]
Card Factory’s share price slides after reporting slower sales growth

November 12, 2015

Card Factory's share price was trading down after reporting sales growth of 7.9 per cent for the nine months to the end of October, down from the 8.7 per cent growth reported in the same period last year. The greetings card chain was trading 1.11 per cent down at 359.65p in early afternoon trading on the [...]
Shawbrook’s share price is sliding after its largest investor sells 10 per cent stake

November 12, 2015

Challenger bank Shawbrook's share price was one of the largest fallers on the FTSE 250 this morning, after its largest shareholder announced plans to sell its stake in the company. Special Opportunities Fund (SOF), the shareholder, is planning to sell a ten per cent stake. Shawbrook's share price was down 7.7 per cent at 332.8p per share [...]
Engineering company IMI’s share price is tanking after warning on profits

November 12, 2015

Specialist engineering company IMI's share price is plummeting today after warning on profits. IMI's share price was 7.87 per cent down at 902.5p per share in mid morning trading. In an interim management statement released today the company said that during the third quarter "economic and market conditions have continued to be challenging". The news comes [...]
European businesses celebrate the UK’s calls for change, says executive chairman of COBCOE David Thomas

November 11, 2015

Other countries in Europe are celebrating that the UK has put a case for change on the European agenda, according to executive chairman of the Council of British Chambers of Commerce in Europe (COBCOE) David Thomas. Speaking to City A.M. Thomas said: The status quo situation in Europe is not tenable from a business perspective. Businesses across Europe [...]
At the close: FTSE 100 closes marginally up despite losses from Sainsbury, housebuilders and miners

November 11, 2015

The FTSE 100 rose marginally on Wednesday, despite by falls in Supermarkets, miners and housebuilders. The UK's top blue-chip index rose 0.35 per cent to 6,297 points. The largest casualty, by some way, was Sainsbury, which today reported profits had slumped 18 per cent and slashed its interim dividend by a third. Sainsbury's group sales were down two per [...]
Mayor of London Boris Johnson has events cancelled in high profile trip to Israel after opposing boycott

November 11, 2015

Mayor of London Boris Johnson has had a high-profile visit to Israel undermined by his own actions as he hit out against those who support a boycott on Israel. Events with Palestinians were cancelled following his remarks that those who avoid products from the country are just "corduroy-jacketed academics", according to the Guardian Johnson said: Why [...]
Italian bank UniCredit to cut 18,200 jobs

November 11, 2015

Italian bank UniCredit is planning to cut 18,200 jobs by 2018 in an acceleration of cost cutting measures. The bank today unveiled a strategic plan to become more efficient and profitable, planning to slash thousands of jobs as well as focus on "the new digital agenda, underpinned by €1.2bn in investments over 2016-18", in order to accelerate [...]
Former shadow business secretary Chuka Umunna to chancellor George Osborne: Don’t cut off your nose to spite your face

November 11, 2015

While the deficit and debt need to be reduced, "raiding growth inducing budgets" such as that of the department of business is a "false economy", former shadow business secretary has warned chancellor George Osborne. Speaking in Warwick to a group of manufacturers including representatives from Boeing and Jaguar Landrover, Unumma warned that ahead of the chancellor [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: James Nickerson

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