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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Investment star Neil Woodford decamps to Oakley

December 19, 2013

Neil Woodford, the UK's most powerful fund manager, is heading for a new job at Oakley Capital, reports The Times. Woodford, who left Invesco Perpetual two months ago after a 25-year stint, said that he'd be starting a new fund management firm in the new year. Oakley, best known as part owner of Time [...]
Serco raises cost estimate of tagging probe

December 19, 2013

Another blow for embattled outsourcing company Serco. The group is currently the subject of an investigation into whether it overcharged the government for its electronic tagging of prisoners, and it's now upped its estimate of how much the review will cost it – from £12m to £17m, with accounting and other one-off costs increasing from [...]
What you need to know before the open – 19/12

December 19, 2013

So the Fed is going to start tapering its $85bn asset purchase programme. From January, it'll buy $75bn of mortgage and Treasury bonds each month – a modest cut, but one that caught markets off-guard last night, with many calling it wrong. Equity markets saw an immediate sharp sell-off, although that quickly reversed on the [...]
Why your jeans are making it difficult to print money

December 18, 2013

Stretchy jeans are great – softer, possibly more flattering, and they shrink a bit after washing – but it turns out that they're causing a bit of an issue for the dollar, reports Vogue's Laura Milligan. Crane, the company that, for over 100 years, has single-handedly supplied the paper used to make America's currency, has [...]
Is the Christmas shopping boost to retail sales really that positive?

December 18, 2013

Retail sales picked up significant pace in the first half of December, as shoppers took a pre-Christmas breather in October and November before the festive rush. The Confederation of British Industry's Distributive Trades Survey came in at 34, rocketing past November's figure of one, the consensus forecast of 10, and matching September's 15-month high. Orders [...]
Asos and M&S downgraded by UBS. Here’s why

December 18, 2013

Some sobering news for UK clothes retailers this morning, as UBS cut its ratings for both Marks and Spencer and Asos from 'buy' to 'neutral'. M&S is trading in the red, having shed over four per cent to 434p, and is topping the FTSE 100's biggest fallers this morning. UBS said: We cut our forecasts [...]
SABMiller chairman Graham Mackay dies

December 18, 2013

Brewer SABMiller has announced that its chairman, 64 year-old Graham Mackay (pictured), died this morning following a long illness. He passed away peacefully this morning, with his family at his side, said the group. The board has appointed acting chairman John Manser as chairman, with immediate effect. It's also appointed Guy Elliot as senior independent director [...]
BP makes major oil discovery in Gulf of Mexico

December 18, 2013

Oil giant BP has announced this morning that it's made a "significant discovery" in the deepwater Gulf of Mexico. This is the company's third discovery in recent years – it announced findings in 2006 and 2009 – but is its largest discovery in the region since the Deepwater Horizon spill in 2010. It may well reignite the heated [...]
China: Why US tapering won’t affect it and 5 other things

December 18, 2013

As we head towards the new year, JP Morgan analyst Haibin Zhu looks ahead to the Chinese economic outlook for 2014. Where is China’s growth heading in 2014? The investment bank expects the Chinese economy to decelerate from 7.6 per cent in 2013 to 7.4 per cent in 2014. It believes that a shift in government [...]
What you need to know before the open – 18/12

December 18, 2013

Today is the day the Fed's Open Market Committee makes a decision on whether to trim back its quantitative easing programme. The tapering debate has rattled on for almost eight months now, with uncertainty persistently subduing the markets. Robust economic data has left many questioning the likelihood of a December (as opposed to a March [...]

Nine in ten hospitality job switchers quit the sector

Alpine boss confirms four potential buyers, including Mercedes, for F1 team

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Harriet Green

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