By: Harriet Green

I am City A.M.'s deputy business features editor. I look after the Entrepreneurs page, Alternative Finance and our Office Politics section. I also help out with the Forum, running our daily debate. I have a special interest in distributed ledger technology. Prior to working at City A.M., I ran a social enterprise.

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The Vodafone deal bringing money transfers to 200 countries

February 11, 2014

A new deal between Vodafone, developer on money transfer facility M-Pesa, and MoneyGram will give M-Pesa users the ability to transfer funds globally. People will be able to send money to an M-Pesa account direct, using an app or MoneyGram's website. The agreement between the mobile giant and fund transfer company will give customers the ability [...]
What you need to know before the open – 11/02

February 11, 2014

Europe is set to open higher again today, following yesterday’s consolidation of gains from Friday’s payroll numbers. Of course, markets await Janet Yellen's – the Fed’s new chair – speech to Congress later today. It’s likely she'll say future tapering is data-dependent. Over in Asia, markets strengthened ahead of Yellen’s appearance. ETX Capital #morningcall: [...]
Barclays ups bonus pool by 10pc in 2013

February 11, 2014

Having said yesterday that profit before tax fell by a third (32 per cent) over 2013 to £5.2bn, Barclays has announced this morning that it upped its bonus pool by 10 per cent to £2.4bn in 2013. Bonuses for investment bankers rose 13 per cent to £1.57bn in the year. Revenue at the investment bank [...]
Carl Icahn drops $50bn Apple buyback proposal

February 10, 2014

News in this afternoon that Carl Icahn has discarded his Apple buyback proposal. Icahn, who is one of Apple’s biggest shareholders, was pushing for the tech giant to repurchase $50bn more of its shares this year. Apple shareholders were due to vote on the non-binding plan on 28 February. But in a letter to fellow shareholders, [...]
What you need to know before the US open – 10/02

February 10, 2014

Today’s looking like something of a waiting game for US markets, as investors ready themselves for Janet Yellen’s first public appearance as Fed chair tomorrow, speaking to US lawmakers. It also looks like investors may be coming off Friday’s high. After equities rallied at the end of the week, futures suggest a slip at the [...]
Cable & Wireless Communications loses CFO ahead of Miami move

February 10, 2014

Tim Pennington, chief financial officer (CFO) at Cable & Wireless Communications (CWC) is quitting the company on Tuesday to take up another CFO position with an unnamed company in London. Pennington’s decision to leave the company comes ahead of its move to Miami from London in July. The search is now on for his successor, [...]
Essar Oil sees profit jump 63pc

February 10, 2014

Essar Oil, India’s second-largest private refiner, saw a 63 per cent jump in profit after tax in the quarter ended 31 December to 520m rupees (£50.9m). Despite a planned seven-day shutdown at the Vadinar refinery, operational efficiencies and more stability both in terms of oil prices and foreign exchange rates helped the firm turn a [...]
Nissan beats estimates but lags behind fellow Japanese car makers

February 10, 2014

After a disappointing second quarter, Nissan Motors has announced an above-expectations jump of 57 per cent jump in net income to 84.3bn yen (£501.7m) – its steepest quarterly gain in three years. Better sales in China, its biggest market, saw total car sales for April-December rise to 3.67m. Improvement in the US economy and a [...]
French industrial output fell at end of 2013

February 10, 2014

An unimpressive finish to 2013 for France's industrial sector as output fell 0.3 per cent month-on-month in December – a worse-than-expected result for the languishing economy. Economists had expected a flat result of 0.0 per cent. The decline followed growth of 1.2 per cent in November. Manufacturing output, said the country’s statistics agency Insee, was [...]
What you need to know before the open – 10/02

February 10, 2014

European markets are expected up this morning, following US and Japanese stocks, which have been seen climbing higher. Guidance is in focus this week as Yellen meets for the first time with US lawmakers tomorrow and Thursday, and Carney delivers the Bank of England’s inflation report on Wednesday. Over in Asia, the Nikkei made gains [...]

Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

England’s secret weapon against World Cup heat? British company’s £26 product

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Harriet Green

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