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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BP share price rises despite earnings slide – but it can break even if oil prices hit $60 per barrel

October 27, 2015

A mammoth dip oil prices, now at $47.14 per barrel, during the third quarter was not all bad news for BP as outdid analysts' expectations, and the company predicts it can break even by 2017 based on oil prices of $60 per barrel. The figures BP reported a 40 per cent drop in underlying replacement cost profits (a measure of profitability [...]
India’s biggest airline IndiGo launches $465m IPO

October 27, 2015

IndiGo, India's biggest airline, has begun proceedings for a $465m (£302m) initial public offering. The budget airline is India's largest by passenger numbers – in one of the world's fastest-growing aviation markets. Read more: AirAsia inks £11bn deal with Airbus "They have figured out that people are more focused on getting to their destination on time than anything else. And they [...]
There is an alternative to the tax credit cuts saga and it’s a negative income tax

October 26, 2015

Chancellor George Osborne's tax credits cuts have seen him come under a lot of fire from surprising quarters. So far, every welfare cut, no matter the extent, has brought him approval from centre-right think tanks, his backbenchers, The Sun newspaper, and the public via polling. But there seems to be rising opposition to this new [...]
TalkTalk’s share price tanks again after cyber attack and data breach

October 26, 2015

TalkTalk's share price is taking a pounding again. In morning trading its share price plummeted after a hacking crisis that has seen more than a billion items of customer data stolen from its website. In mid-morning trading TalkTalk shares were down 9.42 per cent. Read more: Chief exec Dido Harding comes out fighting over data hacking crisis Last [...]
Aberdeen Asset Management share price jumps, despite denying reports it is for sale

October 26, 2015

Aberdeen Asset Management's share price jumped 3.9 per cent to 365.1p in mid-morning trading, amid reports the company is up for sale. A report in the Financial Times yesterday suggested that the FTSE 100 company's founder and chief executive, Martin Gilbert, was looking for potential buyers in order to turn around its fortunes. However, a senior source [...]
Tax credit cuts poll: Over half of Londoners want chancellor George Osborne to make changes, but Britons accept it as necessary

October 26, 2015

Two polls on chancellor George Osborne's controversial decision to cut tax credits have found that six in 10 Londoners want chancellor George Osborne to amend the government's controversial decision to cut tax credits, but many Britons accept it is necessary. A London based poll, released by campaigning group 38 Degrees and conducted by YouGov, shows 58 per cent of [...]
Seven points to ponder from Jeremy Corbyn’s alternative to the northern powerhouse

October 26, 2015

Jeremy Corbyn has been under pressure from more moderate Labour politicians for his economic plans, but what does he want to achieve in his desire to see the North returned to a "great engine of prosperity" and how would he do it? Here are the seven things to take from Corbyn’s “Northern Future” proposals. The [...]
WPP posts sales growth of 3.3 per cent but warns of caution among its clients as China slowdown takes hold

October 26, 2015

WPP has posted net sales growth of 3.3 per cent as it warns of caution among clients The figures Third quarter revenues at the advertising giant were up 5.9 per cent at £2.93bn for the third quarter. Meanwhile, net sales rose 3.3 per cent to £2.5bn. Net new businesses was reported as £3.2bn in the first nine [...]
Government to face direct legal challenge over the ministerial code

October 26, 2015

A direct legal challenge is to be made against the government and Prime Minister David Cameron over changes to the ministerial code. On Thursday the government changed the wording of the ministerial code, which now omits a previous reference to ministers being bound by international law. The code sets out the standard of conduct expected of government [...]
At the close: S&P 500 recovers from early year losses on tech giants’ results while FTSE 100 touches two month high

October 23, 2015

The People's Bank of China may have cut interest rates for the sixth time since November on Friday, but even without its actions the S&P 500 would have made gains after Google, Amazon and Microsoft's share prices soared. As the markets opened in the US, shares in the three companies went crazy, with Amazon's stock opening nine per cent [...]

Financial services to plough cash into UK defence in 2026

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

By: James Nickerson

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