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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Playtech share price dips despite profit growth ahead of Plus500 acquisition

August 27, 2015

Gambling software company Playtech reported strong growth in profits in its first half, ahead of its acquisition of Plus500. However, the company's shares dipped two per cent down in mid-morning trading. The figures Playtech reported revenues of €286m (£210m) in the six months to the end of June, a 33 per cent increase on the same period last year. Adjusted pre-tax [...]
Aldermore shares jump nine per cent as it reports strong rise in profits as loans increase

August 27, 2015

Challenger bank Aldermore reported a strong rise in profits in the first half as it issued more loans to small and medium-sized businesses. Aldermore's share price has jumped nine per cent on the news. The figures The bank reported underlying profit before tax of £44m for the first half of 2015, an increase of 109 [...]
UK target to cut immigration to the “tens of thousands” is harming British businesses, warns the Institute of Directors

August 27, 2015

The Conservative government's radical plans to cut immigration is "punishing businesses" and harming the economy, the Institute of Directors (IoD) has warned. In a joint statement with think tank British Future, the IoD has called for a comprehensive immigration review, which aims to look at all options available to government. Simon Walker, director general of [...]
Asian shares rebound on US gains, Shanghai Composite, Nikkei, Hang Seng up

August 27, 2015

Asian shares staged a rebound in morning trading on the back of the Wall Street’s biggest one day gain since 2011. Markets were trading up across Asia, including China, following volatile trade yesterday and big losses earlier this week. Read more: US markets rise but FTSE closes lower as China uncertainty continues The Shanghai Composite [...]
Playtech profits grow ahead of Plus500 acquisition

August 27, 2015

Playtech reports strong growth in profits ahead of its acquisition of Plus500 The figures Playtech reported revenue of €286m (£210m) for the first half of 2015, a 33 per cent increase on the same period last year. Adjusted net profit was up 19 per cent at €119m, compared to €96.8m in the first half of [...]
London mayoral election 2016: After Boris Johnson, the next Mayor of London must be a dealmaker – Zac Goldsmith

August 26, 2015

Next year you will decide who replaces Boris Johnson as Mayor of London. But in less than a month, you also have an opportunity to decide who will be the Conservative party’s candidate for mayor. London’s performance under Boris’s mayoralty has been remarkable. Our city has not only emerged from recession but has also driven [...]
As global markets selloff continues, here’s what seven analysts think of today’s market turmoil

August 26, 2015

Market turmoil is widespread today, with gains being wiped off indices in Asia, European markets opening lower, and the FTSE 100 edging towards 6,000. What do analysts make of the developments? Here's a round-up: 1. "The news propped up a malaise in markets" – Bernard Yaros, Moody’s Analytics The release of the weakest Chinese manufacturing [...]
Paddy Power share price rises as revenue jumps despite increases in tax and regulation

August 26, 2015

Paddy Power reported revenue of €80m (£58.4m) in the first half – as it said it expects to exceed analysts' expectations for year-on-year profit growth. The company's shares rose 18 per cent to €91.86 as it unveiled plans for a merger with rival Betfair. The figures Operating profits at the company rose €80m in the six months [...]
Chinese markets finish lower as volatile trading continues

August 26, 2015

Chinese markets closed lower again today after a brief rally in afternoon trading. Having breached the 3,000 mark during afternoon trading, the Shanghai Composite closed 1.3 per cent down at 2,926.3 points, marking its fifth consecutive day of decline, while the Shenzhen Composite closed more than three per cent down at 1,695.8 points. But the [...]
Paddy Power and Betfair share prices jump as they take a punt on merging to create the world’s biggest online gambling company

August 26, 2015

Say hello to the world’s largest online gambling company – after Paddy Power and Betfair announced a potential merger. The two bookmakers have agreed a deal in principle that will create one of the world’s largest online gambling companies by revenue. Under the terms of the deal, Paddy Power will own 52 per cent of [...]

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By: James Nickerson

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