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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How “charity” plastic bag charge will make the Treasury millions

January 13, 2014

It doesn't get more disingenuous than this: not only will next year see a mandatory charge on carrier bags, but it'll see the so-called "charity" charge heaping cash into Treasury coffers, reports The Telegraph's Christopher Hope. Deputy prime minister Nick Clegg unveiled the 5p charge for plastic bags at the Lib Dems' party conference, back [...]
Why one bank’s watching Glencore Xstrata this year

January 13, 2014

2013 was a tough year for miners, with metal prices falling and several companies suspending projects and cutting costs. What's more, the instrumental Chinese economy saw a slowdown over the year. But despite a persistently bad performance in global equities for the sector, Saxo Bank has upped its view to 'positive' on miner Glencore Xstrata. [...]
Number of fake euro notes on the up

January 13, 2014

Demand for fake euro notes rose in the second half of 2013. The number if counterfeits taken out of circulation went up 11.4 per cent from the first half of the year. The European Central Bank (ECB) said that it withdrew 353,000 notes in the period – although it stresses that this is a very [...]
Total spearheads investment in UK shale

January 13, 2014

Total has become the first major oil and gas company to enter Britain's shale gas market, investing at least $21m (£12.7m). The French-based firm has secured a 40 per cent interest in two shale exploration licenses in Lincolnshire, paying up to $48m (£29m). It'll be partnering with Dart Energy, Egdon Resources, IGas and eCORP oil & gas [...]
Morrisons shares buoyed by £800m property sell-off

January 13, 2014

Morrisons topped the FTSE 100 this morning after a weekend report from the Sunday Times that the UK supermarket is planning a £800m property sell-off to raise money and placate vexed investors. The move follows the store's lamentable Christmas sales, revealed last week. It delivered a 5.6 per cent drop in sales, along with a [...]
Homeserve faces £34.5m fine from regulator

January 13, 2014

Emergency insurance firm Homeserve has said this morning that it's facing a £34.5m fine from the Financial Conduct Authority for "historic" failings when it came to its handling of complaints and its marketing. The proposed fine is higher than the company anticipated. From the statement: This [the fine] is higher than the company's provision and [...]
Sports Direct buys up stake in Debenhams

January 13, 2014

An unusual decision from Sports Direct this morning, but markets seem to like it. The retailer announced this morning that it's bought a 4.6 per cent stake in Debenhams. Shares in the latter have climbed over five per cent on the news: In a statement this morning, Sports Direct said that the move is to [...]
What you need to know before the open – 13/01

January 13, 2014

US jobs data on Friday was something of a surprise in terms of how poor the payrolls report was, but markets seem pretty unperturbed by the news, with European bourses expected positive this morning. European equities to play catch up on Street of Dreams close at this morning's opening – FTSE +13, DAX +17, [...]
Does snow explain Canada’s job losses?

January 10, 2014

Many economists have just put the shock disappointment of the US December jobs report down to the extreme weather the country's been seeing. But, as Sebastien Galy of Societe Generale highlights, Canada's economists are presumably better used to shutdown linked to cold weather. "I remember quite well Hydro Quebec’s electric lines collapsing under the weight [...]
Is QE finally on the way for the Eurozone?

January 10, 2014

A day after the European Central Bank (ECB) did what everyone thought it would do and didn't cut interest rates, Capital Economics thinks president Draghi knows he needs to act sooner rather than later, and that there's a good chance he will. "We think the ECB has more work to do in 2014", says [...]

Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning

Tyson v Bruno: How UK’s first pay-per-view fight shaped next 30 years

Why the Southwest 660 is the English coast at its finest

By: Harriet Green

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