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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BHP Billiton share price up six per cent despite pre-tax profits falling 61.7 per cent year-on-year

August 25, 2015

BHP Billiton's share price was trading up to six per cent up in morning trading, leading the FTSE 100, despite reporting a significant fall in pre-tax profits for the year to the end of June, missing analysts' expectations, amid falling commodity prices. The figures BHP Biliton reported pre-tax profits of $8.67bn (£5.50bn), 61.7 per cent lower. The [...]
Labour leadership race: Acting leader Harriet Harman to meet with candidates amid vote infiltration concerns

August 25, 2015

Acting Labour leader Harriet Harman has asked to speak to all four leadership candidates amid growing concerns the vote could have been infiltrated by opponents. The private meeting is expected to focus on checking the process to make sure there are no votes made by those who are looking to skew the result. “The meeting [...]
Petrofac share price rises despite first half loss as Shetland Islands rack up

August 25, 2015

Petrofac shares were up 2.3 per cent up in early morning trading, despite having posted a loss for the first half of 2015 thanks costs at its Laggan-Tormore project. The figures Having issued a profit warning last November, Petrofac reported revenues of $3.2bn (£2.1bn) for the six months to the end of June, 25 per [...]
Black Monday 2015: Shanghai Composite plunges further but Hang Seng, Taiex, ASX 200 trading up

August 25, 2015

China’s Shanghai Composite plunged further this morning, opening more than six per cent down – but other major indices in Asia regained ground in morning trading as investors made the most of yesterday’s bloodbath. China was taking the brunt of lingering gloom, with Shenzhen Composite also falling by around 5.5 per cent. Having opened 6.4 [...]
Foreign secretary Philip Hammond says first sanctions against Iran could be lifted early next year

August 24, 2015

Foreign secretary Philip Hammond has announced that the first sanctions against Iran could be lifted as soon as early next year. Read more: British embassy paves the way for new business opportunities in Iran The comments came as Hammond visited Iran to reopen the British embassy in Tehran. The Iranian embassy in London has also been [...]
Punch Taverns set to sell 158 pubs to NewRiver Retail for £53.5m

August 24, 2015

Pub group Punch Taverns, which has a portfolio of around 3,500 pubs nationwide, is set to sell 158 pubs for £53.5m to reduce its debt. NewRiver Retail is acquiring the pubs, having previously bought a portfolio of 202 pubs from rival Marston’s. Read more: Investors toast new pub boss sending Punch shares higher Punch Taverns [...]
CBI upgrades UK economic forecast to 2.6 per cent GDP growth in 2015

August 24, 2015

A rise in household spending along with robust investment growth will help fuel faster “twin engine” growth in the UK economy, according to the Confederation of British Industry (CBI), which expects an interest rate rise in early 2016. In their latest economic forecast, the CBI upgraded its expectation to 2.6 per cent GDP growth for [...]
China’s economic slowdown: Shares in Shanghai Composite, Hang Seng, Taiex and Nikkei close down

August 24, 2015

Markets throughout Asia collapsed on Monday amid concerns over China's slowdown, prompting comparisons with the region's financial crisis in the early 1990s. The Shanghai Composite closed 8.49 per cent down, wiping out all 2015 gains so far and marking the largest drop since 2007. Taiwan’s Taiex closed down 4.8 per cent, though during trading it [...]
Bunzl reports growth in revenue and profit as it announces four more acquisitions

August 24, 2015

Bunzl has reported higher profit and revenue in the six months to the end of June, after it went on an acquisition spree. The figures Revenues at the outsourcer and distribution group rose seven per cent to £3.1bn in its first half, the company said this morning, while profit before income tax also jumped 11 per cent to £147.1m. Earnings per share [...]
Ryanair to appeal against court ruling allowing passengers to claim delay compensation after two years

August 21, 2015

Ryanair will appeal against a court ruling that would allow passengers six years to claim money back from the airline if their flight is delayed. The Manchester County Court earlier today ruled that the low-cost airline could not impose a two year limit on passengers making a claim for flight delay compensation. Read more: Ryanair [...]

KPMG faces staff uproar as job cuts expose communication breakdown

Aryna Sabalenka raises Grand Slam boycott threat as pay row escalates

This is how to choose between Pinot Grigio and Pinot Gris

By: James Nickerson

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