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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There’s no reason to be gloomy after today’s US data

February 5, 2014

There’s no reason to be downbeat after the latest ISM non-manufacturing and ADP surveys from the US, says Capital Economics. The ISM non-manufacturing index rose to 54.0 in January from 53.0 in December, and the research group feel more confident the recent weaknesses seen in some data is just down to the temporary extreme cold [...]
What you need to know before the US open – 05/02

February 5, 2014

US stock futures sagged this morning as traders waited for private jobs data. The S&P 500 was down 0.3 per cent, the Nasdaq 0.2 per cent and the Dow was 0.1 per cent lower. The ADP report showed that private employees in the US added 175,000 jobs in January, just below analysts’ expectations, but soothing [...]
Royal Mail pay deal is reached

February 5, 2014

A conclusion to the enduring row over pay, pensions and conditions at Royal Mail. A overwhelming majority of workers have accepted the deal – which'll see wages rise by nine per cent over three years, and also give workers legal protection on their terms and conditions. The Communication Workers Union (CWU) has announced that 94 [...]
Why ITV’s new drama channel should excite investors

February 5, 2014

It might be time to change the channel. It’s not just Downton Abbey fans who are excited by the news that ITV's launching its first pay-TV channel, dedicated to British drama. The head of trading at Galvan, Ed Woolfitt, has some advice for investors and telly-watchers alike: “switch over and buy ITV”. Encore will be [...]
EU retail sales drop 1.6pc in December

February 5, 2014

Eurozone retail sales in the run up to Christmas weren’t strong as analysts had forecast, or thought, denting hopes that GDP will have improved in the fourth quarter. In December, sales fell one per cent year-on-year after expectations of a 1.5 per cent rise. And November’s 1.6 per cent increase has been revised down to [...]
UK service activity hits seven-month low

February 5, 2014

This morning, Markit PMI figures for UK services showed a slowing in services activity in January, at 53.3 from 58.8 – a seven-month low. But the fact the UK services PMI is down from the 62.5 peak seen in October of last year is no reason to worry, says Berenberg’s Robert Wood. When combined with [...]
Wolfson shares fall 15pc on $20m loss

February 5, 2014

Audio semiconductor company Wolfson Microelectronics has seen its shares plunge 15 per cent this morning, after it reported revenues and gross margins dwindled in the fourth quarter as it turned a loss. The Edinburgh firm said revenue was hit by a "very volatile" phone market and faster-than-expected transition to 4G smartphones "benefitting a competitor". Revenue [...]
Broker ICAP’s revenues hit by US swaps rules

February 5, 2014

ICAP has said this morning that its revenues were down six per cent year-on-year in the last three months of 2013 due to bank deleveraging and stronger regulatory controls. The UK-based broker said that “challenging market conditions” pushed earnings lower, but that its cost savings programme remains on track. Management said profit before tax expectations [...]
What you need to know before the open – 05/02

February 5, 2014

Europe is set to open marginally lower this morning. 35 minutes to go and the FTSE100 looks set to open down 20, at 6429. — David Jones (@JonesTheMarkets) February 5, 2014 US data that shows the impact of wintery weather, along with ongoing concern over economic slowdown in China are keeping investors cautious. [...]
Hargreaves Lansdown posts record revenue and profit

February 5, 2014

Financial services company Hargreaves Lansdown has announced record revenue and profit growth in the second half of 2013, despite a “low interest rate environment”. Profit before tax growth of 11 per cent to £104.1m in the six months ended 31 December, with revenue up 13 per cent to £158.4m. The firm continued to see substantial [...]

UK police rap Fifa chief Infantino for Davos joke about British fans’ arrests

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Harriet Green

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