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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Tesco sees UK sales drop 1.5 per cent in third quarter

December 4, 2013

Tesco has announced a 1.5 per cent fall in like-for-like sales in the three months to 23 November, which it says is down to a weaker UK grocery market. Underlying sales fell in every country in which it operates. The sobering news is in line with predictions from Citi analysts. It doesn't bode well for [...]
Tomorrow’s Opec meeting and why the pressure’s on for oil next year

December 3, 2013

It'd be unlikely that the Organisation of the Petroleum Exporting Countries (Opec) doesn't freeze its output ceiling tomorrow. Speaking ahead of the cartel's meeting, Saudi oil minister Ali al-Naimi (pictured) told reporters today, "the market is in the best position it can be". But a note from investment bank Citi warns that pressure will mount [...]
Three reasons why banks think gold will fall to $1,100 in 2014

December 3, 2013

Gold has struggled this year. This morning, prices tumbled to their lowest since July. Since its 2011's record high, gold has fallen 36 per cent, and investment giant UBS says it's "unlikely to regain its former appeal." . Rising interest rates, a strong dollar and uncertainty over potentially tighter monetary policy in the US have [...]
5 movie prop shockers – How much would you’ve paid for Walter White’s underwear?

December 3, 2013

Perhaps another sign of global economic pickup, as recent movie prop auctions see people splashing out big time on their favourite memorabilia. Here are five movies (well, four films and one adulated TV series) that illustrate the point: Game of Death The coveted jumpsuit that clad Bruce Lee in "Game of Death" went up for [...]
Spanish unemployment edges lower in November

December 3, 2013

Better news for Spain this morning as unemployment fell by 2,475 people in November. This marks the second-largest decline since this time series began, although it still leaves the total jobless figure at 4,808,908. Over the past 12 months, registered unemployment has fallen by 98,909, according to figures released by the government's labour ministry. Expectations [...]
Betfair targets Italy and US for expansion

December 3, 2013

Internet betting company Betfair has announced profit before tax of £31.7m in the six months ended 31 October and reported that it's been making "good progress" on a new exchange in Italy, along with the launch of a new online casino in New Jersey. Chief executive Breon Corcoran said that cost reductions over the past year [...]
What you need to know before the open – 03/12

December 3, 2013

European bourses will open weaker this morning, as investors await UK construction data. This follows a disappointing market reaction yesterday, despite several economic reports being better than expected. The Dow fell sharply at the end of Monday trading, although the S&P 500 did stay above 1,800. Chinese November purchasing managers' index has shown a continued [...]
US construction spending increases and manufacturing growth speeds up

December 2, 2013

More data to bolster the view that economic activity in the US is picking up more quickly than expected: the manufacturing sector grew in November for the sixth month in a row, according to the Institute of Supply Management. Its manufacturing survey index rose to 57.3, up from 56.4 in October – the highest reading [...]
US manufacturing rebounds to ten-month high

December 2, 2013

Manufacturing outlook in the US is rosier, with business conditions growing more solid, as Markit's headline purchasing managers' index number was at its highest since January in November – rising to 54.7, from 51.8 in October. New orders were also at their highest since January, with the output index at its highest since March 2012. [...]
EU regulator says ratings agencies’ poor practices may mean repercussions

December 2, 2013

Standard and Poor's, Fitch and Moody's – the "Big Three" credit rating agencies (CRAs) that score EU government debt – could face further action after failing to fix "inadequate practices from the past". The European Securities and Markets Authority (ESMA) published the results today of its probe into how the three agencies compiled ratings on [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

The watch podcast disrupting the ‘pale, male and stale’ image

By: Harriet Green

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