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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Several airlines to sell stakes in Airline Group to Universities Superannuation Scheme

November 19, 2013

Thomas Cook has said this morning that it too will be selling the majority of its shareholding in The Airline Group, for £38m, to UK pension scheme Universities Superannuation Scheme (USS). The news follows the announcement that Tui Travel is to sell its majority share for the same cash consideration to USS. Deutsche Lufthansa AG [...]
Enterprise Inns founder and boss Ted Tuppen to retire

November 19, 2013

Ted Tuppen, the founder of Enterprise Inns, is to retire as chief executive officer (CEO) at the end of February 2014. Company shares have climbed over six per cent this morning. (Release) Enterprise Inns is the largest pub owner in the UK, with 5,500 properties valued at £4bn, and Tuppen has been CEO for more [...]
ITV expects ad revenues to rise in wake of positive results

November 19, 2013

ITV has released encouraging figures in its interim management statement. Total revenue for the nine months ended 30 September rose by five per cent and non-advertising revenues climbed 11 per cent to £810m. Broadcast & online revenues were up three per cent, driven by a one per cent rise on non-advertising revenues. Online, pay and [...]
Tui Travel to buy two Dreamliners as it sells stake in UK air traffic controller

November 19, 2013

Tui Travel has said this morning that it is selling the majority of its interests in The Airline Group for £38m. It also announced its plans to buy two Boeing Dreamliner jets. (Release) Tui is to sell 87.4 per cent of its stake in Airline Group, a shareholder in UK air traffic controller NATS, to [...]
EasyJet sees 51 per cent profit jump but is less optimistic about 2014

November 19, 2013

EasyJet has announced a profit jump of 51 per cent, with profit before tax at £478m in the year to 30 September. This morning, it topped the FTSE 100 risers, with shares up over six per cent. The increase sees the budget airline smash its profit record for the third year in a row. Total revenue [...]
What you need to know before the open – 19/11

November 19, 2013

A lower open for European equity markets this morning, after they saw some of their best levels in five years yesterday. The DAX, S&P 500 and Dow all hit record highs. In terms of notable data today, investors await Germany's Zew survey at 10am. The survey measures business confidence, and is expected to show that [...]
US home builder confidence holds steady in November despite economic uncertainty

November 18, 2013

US home builders are continuing to have a rough time of it. The National Associtation of Homebuilders (NAHB) housing market index was flat in November, at 54, from 54 in October, which was revised down from 55. Confidence in the sector remains low amid rising construction costs, and the index continues to be at the lowest [...]
Siemens to supply wind turbines for Dong’s biggest ever investment

November 18, 2013

Siemens has secured a multi-million euro deal from Danish Dong Energy, which will see its wind turbine manufacturing subsidiary, Siemens Wind Power, install 97 turbines in Dong's new North Sea wind farms, Gode Wind 1 and 2. The deal is for the largest turbine models ever installed – Siemens' new six megawatt turbines have a [...]
US total net TIC flows drop to $-106.8bn in September

November 18, 2013

Net long-term TIC flows in the US for September stood at $25.5bn in September, exceeding expectations of $21.3bn, and following August's fall to $-9.8bn (revised from $-8.9bn). Total net flows, however, declined in the month to $-106.8bn, from $-13.8bn in August. 'TIC' stands for Treasury International Capital, which is used as an indicator to track [...]
Eurozone trade picture remains weak despite surplus widening in September

November 18, 2013

The seasonally-adjusted Eurozone trade surplus widened in September from €12.3bn (£10.3bn) to €14.3bn (£11.99bn), extending a near two-year long surplus. However, Jonathan Loynes of Capital Economics says that "weak global demand and the strong euro are holding back exports," and IHS Global Insight's Howard Archer says that net trade may have dragged down third quarter [...]

Labour urged to give HENRYs a hand to boost investment

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By: Harriet Green

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