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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How much spare cash will the Treasury, the Department for Transport, the Department for Local Government and the Environment Agency have to spend after government cuts?

November 9, 2015

Chancellor George Osborne’s axe has fallen, and four Whitehall departments have agreed to make budget cuts of eight per cent a year over the next four years. The Department for Transport, the Department for Local Government, the Environment Agency and the Treasury have all agreed deals ahead of the spending review on 25 November, provisionally cutting [...]
Tullow Oil’s share price rallies after Africa Oil sells its assets to Moeller-Maersk

November 9, 2015

Tullow Oil's share price is leading the FTSE 350 today after its partner in parts of Africa sold stakes in some of its assets to Moeller-Maersk. In late morning trading Tullow Oil's share price was 18.56 per cent up at 258.55p per share. Maersk agreed to buy African Oil assets in Kenya and Ethiopia, with an upfront farm-in payment of $365m [...]
Brexit referendum: Mayor of London Boris Johnson says without a deal the UK will leave the EU

November 9, 2015

Mayor of London Boris Johnson has warned that if the United Kingdom doesn't get a deal on treaty change it would vote to leave the European Union. Writing in the Telegraph, Johnson said Prime Minister David Cameron is right to caution that he is prepared to support Britain leaving the European Union unless other European leaders [...]
The Bank of England is playing a dangerous game on rate rise, according to the Institute of Directors

November 5, 2015

The eight to one vote by the Bank of England's monetary policy committee (MPC) to keep interest rates at the historic low of 0.5 per cent is a dangerous game, according to the Institute of Directors (IoD). The IoD warned the Bank's decision carries "its own risks". In a particularly dovish November Inflation Report, the rate-setters indicated rates [...]
State school students are likely to do better than private school kids once they reach university

November 5, 2015

Private schools may dominate the league tables, but when it comes to how well students will perform at university, state school kids have it. A study from the University of Cambridge has found that "for a given performance at A-level, students from independent schools were less likely to achieve a first class outcome than students [...]
FTSE 100 index opens marginally down despite gains from RSA, AstraZeneca and Glencore

November 5, 2015

The FTSE 100 opened marginally lower this morning, despite a positive outlook from AstraZeneca and RSA, and continued support for Glencore following on from yesterday. The UK's top bluechip index was down 0.25 per cent at 6,395 points, led lower by supermarket Morrisons, which reported sales continued to tumble this morning. Total sales excluding fuel were down two per cent, while [...]
The UK needs a federal system of governance and not English votes for English laws, says the Institute of Economic Affairs

November 4, 2015

The United Kingdom should develop a federal system of governance with limited responsibility for the UK government, according to the Institute of Economic Affairs (IEA), which said English votes for English laws (EVEL) is no solution to the problems caused by devolution. This system of government would give more powers to individual countries – Scotland, Wales, [...]
At the close: Mining companies Glencore, Anglo American and BHP Billiton take FTSE 100 higher

November 4, 2015

The FTSE 100 ended Wednesday's session slightly higher, led by gains in mining companies. The UK's top blue chip index ended the day 0.46 per cent up at 6,412 points. The day's biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its debt pile. It today announced a [...]
Draft Investigatory Powers Bill is “a significant departure” from Snooper’s Charter, says home secretary Theresa May, but includes internet records storage

November 4, 2015

The government's Draft Investigatory Powers Bill includes a provision where everyone in Britain will have their internet activity stored for a year by service providers. The Bill, home secretary Theresa May told the House of Commons, will not mean security services will have access to people's full web browsing history. The powers will mean security [...]
Groupon’s share price is in freefall after posting disappointing results

November 4, 2015

Groupon's share price has tumbled over 30 per cent as markets in America opened today, after having posted disappointing results yesterday. The online retailers share price was 30.65 per cent down as markets opened, at $2.80. Yesterday the company revelled its results for the third quarter of 2015, showing that revenues had dropped slightly to $713.6m (£462.9m), [...]

Air fare price warnings mount as regional airports set for rocketing tax bills

Why Snap thinks 2026 will be Sport’s most connected and branded year yet

The Italy holiday taking in amazing skiing and a lesser-visited city

By: James Nickerson

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