By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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E.On appoints Michael Lewis as UK chief executive following the retirement of Tony Cocker

March 13, 2017

Michael Lewis will take the helm of E.On UK following current chief executive Tony Cocker's retirement. Lewis, who has led E.On's climate and renewables arm since 2015, will start the new position from 10 April. "It is a fascinating time to take on this challenge and a real privilege to follow Tony, who has ensured E.On UK is [...]
How Camden Town Brewery is keeping its craft ale credentials after its £85m takeover by AB Inbev

March 13, 2017

Brits are drinking craft beer as if it were going out of fashion. The number of new brewery openings in the UK surged 55 per cent to a record 520 last year, and between eight and nine per cent of the total beer sold in licensed premises in the UK is craft. That’s still significantly [...]
Generator Hostels has been snapped up by Queensgate Investments for €450m

March 13, 2017

Private equity real estate fund manager Queensgate Investments has agreed to buy chic hostel owner and operator Generator Hostels for €450m (£395m). The design-led hostel owner, which operates a total of 8,639 beds in London, Paris, Copenhagen and elsewhere, was owned by Patron Capital and co-investment partner Invesco Real Estate. Generator Hostels currently earns revenues of over €70m with 14 predominantly freehold assets, two [...]
Private sector business confidence has rebounded to its strongest level since 2015 as Brexit fear fades

March 13, 2017

Business confidence among the UK's private sector firms recovered to the strongest level since mid-2015, according to new figures. The EU referendum sent the net balance of optimism to a four-year low of 39 per cent, but now the index has rebounded to 52 per cent, comparing favourably with other developed markets, data released today [...]
Boris Johnson warns Russia is “up to all sorts of dirty tricks” and could undermine the UK’s democratic process

March 12, 2017

Boris Johnson has warned Russia is "up to all sorts of dirty tricks" following an intelligence report that told political parties to protect themselves against potential cyber attacks. The foreign secretary said there's "plenty of evidence" Vladimir Putin's government is capable of undermining Britain's democratic process, and he accused the Kremlin of bringing down French TV stations, [...]
Tanzania’s gold ban stalls merger talks between Acacia Mining and Endeavour

March 12, 2017

Tanzania's ban on gold and copper exports has put talks of a £3bn merger between Acacia Mining and Canada's Endeavour on the back burner. The two firms, which are some of Africa's biggest gold miners, started speaking of a potential merger in January. However, at the beginning of March, Tanzania's President put a surprise ban on gold and [...]
Uber is looking for a woman to fill its new chief operating officer position

March 12, 2017

Uber is reportedly searching for a female executive to join the firm as its new chief operating officer and help rein in under-fire boss Travis Kalanick. The ride-hailing app announced a new position which could be viewed as either the best or worst job in tech last week after recent troubles pushed Kalanick to search for someone to keep the [...]
BP’s share price lifts on speculation of a takeover by Exxon Mobil

March 10, 2017

Shares in oil major BP have risen today as speculation reemerges about takeover interest from Exxon Mobil, the world's largest listed oil company. Shares in the FTSE 100-listed firm were up 4.01 per cent at 472.2p in late afternoon trading. US-based Exxon Mobil is gauging interest in a potential takeover from BP's major shareholders, it has been reported. Shell and Chevron [...]
Bitcoin just surged above $1,300 before crashing back down

March 10, 2017

The price of cryptocurrency bitcoin just surged before crashing back down. The currency flew to surpass $1,300 and hit a new record high of $1,365, before falling back down to below $1,100, according to one index. The rollercoaster price comes as investors speculate over whether the US Securities and Exchange Commission (SEC) will approve one of three bitcoin-focused exchange-traded funds (ETFs). The [...]
The price of gold has fallen below $1,200 ahead of the Fed’s next decision

March 10, 2017

Global commodities are taking a battering this week. After oil prices fell below the critical $50 a barrel point yesterday, gold has now dipped lower than $1,200 an ounce. The safe have asset has fallen 0.57 per cent, or $6.90, to $1,196.30 per ounce for the first time in more than a month. Miners of the yellow metal [...]

The unlikely City florist that once served the royals

Sport’s overreachers like Sussex and Leicester are guilty of hope not greed

The unlikely City florist that once served the royals

By: Courtney Goldsmith

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