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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EU referendum: 42 per cent of the small business vote can still be swayed

February 26, 2016

Much of the small business vote can still be swayed ahead of the impending European Union referendum, according to new research. Research from the Federation of Small Businesses (FSB) today found that 42 per cent of the small business vote on the UK's membership of the EU could still be won by either the "Leave" [...]
Gap’s share price falls after reporting downbeat full-year earnings outlook

February 25, 2016

After announcing a fairly downbeat full-year earnings outlook, retailer Gap's share price slid over four per cent in after hours trading. The company said that it now expects diluted earnings per share to be in the range of $2.20 – $2.25 for the 2016 fiscal year, against expectations of $2.44 per share. The news came as [...]
Kraft Heinz’s share price rises after it reports net sales of $7.12bn in fourth quarter results as it says integration is on track

February 25, 2016

Kraft Heinz reported fourth quarter net sales having increased due to the merger of Kraft and Heinz, pushing its share price up more than three per cent in after hours trading. The company reported fourth quarter earnings per share of 23 cents in the 14 weeks to 3 January, up from a loss of four cents [...]
Domino’s Pizza’s share price jumps after tasty fourth quarter results

February 25, 2016

Domino's Pizza's share price surged after reporting better than expected fourth quarter results, including double-digit same-store sales growth. The pizza delivery company reported revenue of $741.2m (£530.6m) during the quarter, pushing its share price up more than 10 per cent. Domino's said revenue was helped by higher supply chain volumes and sales of equipment to [...]
Royal Bank of Scotland boss Ross McEwan will give up half of his £1m allowance to charity

February 25, 2016

Royal Bank of Scotland's chief executive Ross McEwan is to give up half of his £1m allowance to charity for the third year in a row amid an annual pay row at the bank. McEwan is to make the announcement tomorrow, according to Sky News, despite the confidence extended to him from City investors and his [...]
Spirits company Diageo to pay $75m to Vijay Mallya after he steps down from United Spirits

February 25, 2016

Owner of Johnnie Walker Diageo is to pay $75m (£53m) to Vijay Mallya in a deal that will result in the businessman stepping down as chairman of United Spirits. Mallya, an Indian businessman, sold United Spirits to Diageo in 2012. Diageo paid £1.8bn for a 55 per cent stake in the company. However, Diageo and Mallya [...]
At the close: FTSE 100 index surges as banks’ share prices including Lloyds, RBS and Barclays rise

February 25, 2016

The FTSE 100 index rocketed on Thursday as banking stocks surged, supported by the news that fourth quarter UK GDP was revised upwards to 0.5 per cent. The index closed 2.48 per cent higher at 6,012 points, led higher by Lloyds Banking Group and RSA Insurance Group. "European banks were the centre of market turmoil two [...]
Electoral Commission data: Where did political parties including the Conservatives, Labour, the Liberal Democrats, the SNP and Ukip get their money at the end of 2015?

February 25, 2016

Political parties had many expenses in 2015, from the General Election to the Labour leadership race and the campaigns for Mayor of London kicking off. Across the year, some £67.1m was donated to political parties, with £9.2m of that donated in the last quarter alone. Read more: Here's how much money donors have given to political parties [...]
Former Conservative councillor faces a trial over “offensive” tweet about Sadiq Khan

February 25, 2016

A former Conservative councillor will be standing trial next month, accused of posting an "offensive" tweet about Labour's London mayoral candidate Sadiq Khan. Jim Buckley, 60, will face trial after sending the tweet about Khan, which said: "Your next London Mayor? You think his corner shop would be open on a Saturday?" Buckley's local Conservative party [...]
Next Mayor of London will face 22 per cent London housing deficit

February 25, 2016

London has entered 2016 more than 20 per cent behind its new homes aims, which will put Mayor of London Boris Johnson's successor under huge pressure, according to analysis from Stirling Ackroyd. London planning departments approved just 32,910 new homes in 2015, 22 per cent lower than its official annual target of 42,000, adding to [...]

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By: James Nickerson

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