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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Stagecoach’s share price jumps after it announces it will offload European megabus despite fall in profits

June 29, 2016

Stagecoach's share price has jumped over three per cent in early morning trading, despite its profits sliding, as it announced it was offloading European megabus to FlixBus. The figures Stagecoach's full year revenue for 2016 was £3.87bn, a rise for the £3.2bn from 2015. However, profit before tax fell 37 per cent to £104.4m in the 12 months [...]
Business secretary Sajid Javid looking for role of chancellor as he says “we’re all Brexiteers now”

June 29, 2016

Business secretary Sajid Javid today confirmed that he is running on a joint ticket for the Tory leadership with work and pensions secretary Stephen Crabb and hopes to take on the role of chancellor if they are successful. Javid, who supported Remain in the build-up to the referendum, said that Crabb is the right candidate as [...]
Ryanair plans to shift away from the UK after Brexit vote

June 28, 2016

Budget airline Ryanair has warned that it may shift its focus away from the UK and onto the EU after the referendum yielded a Brexit victory last week. Just days after the UK voted to leave the EU, Ryanair's chief executive cast doubt on whether the company would place any of its new aircraft into the [...]
BT has been ordered to pay an £8,000 fine for dangerous roadworks

June 28, 2016

British Telecom (BT) has been told it must pay more than £8,000 for "dangerous and disruptive roadworks", in its 37th prosecution since 2010. Transport for London prospected BT for the poorly managed roadworks, leading BT to appear before Westminster Magistrates’ Court on 22 June. The BT offences, which took place on the Transport for London Road [...]
“Who’s laughing now?” Ukip leader Nigel Farage calls for “grown up” deal after Brexit as he mocks MEPs to a chorus of booing

June 28, 2016

Leading Leave advocate Nigel Farage has called for a "grown up, mature" deal between the EU and UK after a historic Brexit vote last week. Speaking to the European Parliament, Farage said trade is mutually beneficial, and that a "sensible trade deal" would result in a great friendship between the soon-to-be 27-member bloc and the [...]
EU referendum: MEPs vote for UK to trigger Article 50 “as soon as possible” as Jean-Claude Juncker says UK must clarify position and Angela Merkel says EU market access entails “obligations”

June 28, 2016

The European Parliament has called for the UK to trigger Article 50 "as soon as possible". MEPs earlier today passed a motion calling for the UK to commence formal negotiations by activating Article 50. It came after a debate in which European Commission President Jean-Claude Juncker reasserted his view that the UK should make haste on triggering [...]
Fastjet’s share price drops as it announces plans to raise funds to turn around fortunes in tough market

June 28, 2016

African budget airline Fastjet has announced plans to raise funds to overhaul its operations amid a challenging environment. The airline has said that its operating environment "remains challenging" as it continues to cope with lower than expected passenger numbers and negative cashflow. Read more: Turbulent year hits African budget airline Fastjet The Africa-focussed airline's share price [...]
Now London must “take back control”, says London mayor Sadiq Khan

June 28, 2016

Following the UK's vote to leave the EU, Sadiq Khan has said that the capital needs to "take back control" to protect "jobs, wealth and prosperity". Speaking among business leaders to demand more autonomy for London, Khan said that further devolution would be to the benefit of the whole country. "As much as I might like the [...]
Young Labour to protest for unity at Westminster today ahead of Jeremy Corbyn no confidence vote

June 28, 2016

As the Parliamentary Labour Party readies for a vote of no confidence on Jeremy Corbyn's leadership, Young Labour are to protest in Westminster today in an appeal for unity. Young Labour activists will be in parliament at 12pm demanding to see Labour MPs in order to appeal for unity in what it calls "this time [...]
David Cameron to meet fellow European leaders at EU Council after UK votes for Brexit

June 28, 2016

Prime Minister David Cameron is to meet European leaders for an EU Council summit for the first time since the UK voted to leave the 28-member bloc. The meeting will mostly be devoted to a discussion on the political consequences of the UK referendum. The Prime Minister has not been invited to the second day of [...]

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By: James Nickerson

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