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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Any Other Business – 05/02

February 4, 2014

APPARENTLY the world’s most expensive cocktail has been served and, we’d like to hope, enjoyed, in Russia’s Reka restaurant. The drink was created to celebrate the opening of Moscow’s first ever “ice terrace” (is that actually a novelty in Russia?) and went for $50,000 to entrepreneur Andrey Melnikov. But what if you want to splash [...]
Emerging markets have had a shock – but confusing it with a trend could cost you

February 4, 2014

Emerging market equities have dropped 11 per cent since October’s peak and are down 7.5 per cent so far this year. But Saxo Bank's head of equity strategy Peter Garnry is keen to stress that temporary shocks should never be confused with a new trend. The underlying trend is still there Despite tapering and [...]
Pictures: 13 rare iguanas seized by Border Force at Heathrow

February 4, 2014

A shocking find for Border Force officers working at Heathrow yesterday, as they seized thirteen endangered iguanas at the airport's Terminal 5. Astonishingly, 12 survived their journey, although one sadly didn't make it. The scaly baker’s dozen were discovered inside an item of luggage by officers carrying out customs checks. When found, each was wrapped in [...]
What you need to know before the US open – 04/02

February 4, 2014

US markets look poised to steady today, following yesterday’s shock manufacturing report. The numbers saw the S&P 500 experience its worst day since June yesterday, with both the dollar and global equities sliding. Global shares dropped to a near four-month low. But despite little in the way of data today to help investors plan a [...]
Walmart’s $500m Canada growth plan

February 4, 2014

While Walmart is grappling for growth in the US, it’s upping the ante across the border in Canada. The world’s biggest retailer is planning to invest $500m (£307m) in Canada over the next 12 months, completing 35 supercentre projects and revamping older sites. The superstore also said it’ll expand distribution networks to support growth and [...]
Sainsbury’s shares are jumping this morning. Here’s why

February 4, 2014

Sainsbury’s shares have climbed over two per cent this morning after Bernstein Research upgraded the supermarket's stock this morning to ‘outperform’. Shares took a tumble last week after chief executive Justin King announced he's leaving. The initial five per cent drop (shares later stabilised) was a nod to King's performance – he's widely hailed for [...]
China sends warning to corruption-concealing officials

February 4, 2014

Chinese authorities have cautioned officials who cover up corruption, saying they will seek them out. The move, reported by state media, is the latest in the government's push to check extortion. It's been working to quash widespread corruption in the country – from bribery, to costly entertainment and gift-giving. But the news comes after the ruling [...]
Banks double payouts for swaps claims

February 4, 2014

Banks are making progress when it comes to getting compensation to customers who were allegedly mis-sold interest rate hedging products (IRHP). Payouts have now reached £306.3m from £158.6m in December. In January, the number of offers accepted now stands at 2,092 – over double the number in December (1,040), according to figures from the Financial [...]
What you need to know before the open – 03/02

February 4, 2014

Another downbeat day anticipated after US and Asian markets plummeted, following surprisingly poor manufacturing data from the US. European stocks are expected to mirror counterparts this morning, opening lower: ETX Capital #morningcall: #FTSE100 down 43 points, the #DAX to slide 94 points and the #CAC40 to drop 38 points — ETX Capital (@ETXCapital) [...]
BP 2013 profits plummet on selloff programme

February 4, 2014

Following rival oil company Shell’s predictably disappointing results last week, BP has confirmed market expectations that its profits took a hit in 2013. The oil giant saw underlying replacement cost profit – a measurement that excludes gains or losses on the value of inventories – fall to $2.8bn (£1.7bn) in the fourth quarter from the [...]

IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

Inside Formula 1’s £10,000 hospitality ticket on the back of a moving lorry

This is Bentley’s first electric car, the Torcal

By: Harriet Green

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