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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150,000 sign up to smaller energy firms in wake of price rises

November 18, 2013

Since the start of October, 150,000 people have signed up to smaller energy firms, according to the BBC. Radio 4's You & Yours programme asked energy companies how many new customers they had gained and how many they had lost since the beginning of October, when the major energy companies announced price rises. Five out [...]
IFS warns on an independent Scotland’s economic viability

November 18, 2013

Without significant fiscal tightening, an independent Scotland would not be overly financially sustainable, says the Institute for Fiscal Studies (IFS). In a report published today, the IFS said that "even under the most optimistic scenario", the country would be left with a £3bn black whole in its public finances – 1.9 per cent of national income. [...]
Rolls Royce wins $5bn and $300m engine orders from Etihad and Qatar Airways

November 18, 2013

Rolls Royce said this morning that it has won a $5bn (£3.1bn) order from Etihad Airways for Trent XWB engines to power 50 Airbus A350 aircraft, along with a $300m (£251.32m) order from Qatar Airways for Trent 700 engines to power five Airbus A330 freighter aircraft. The announcements come on the first day of the [...]
Occupancy rise bolsters accommodation group Unite’s performance

November 18, 2013

Unite, the student accommodation group, has announced a strong lettings performance for the 2013/14 academic year, boosted by a rise in student occupany. Average occupancy reached 98 per cent, compared with 96 per cent for the same period a year ago. The update covers the period from 1 July to 15 November. (Release) The group [...]
Directors’ pay soars 14 per cent in the past year

November 18, 2013

The Income Data Services (IDS) has calculated that pay for senior directors has risen by 14 per cent over the past year. The average pay for a director of a FTSE 100 company totalled £3.3m. The IDS confirmed that the basic pay rises has been "relatively restrained" and bonuses had fallen by 8.8 per cent. [...]
Petrofac shares plummet on flat growth forecast for next year

November 18, 2013

Energy services provider Petrofac saw shares drop more than 15 per cent this morning after it said that it expected new income in 2014 to see "flat to modest growth year-on-year". It blamed delays in its Upper Zakum project in Abu Dhabi and the Berantai project in Malaysia. (Reuters) When it comes to outlook for [...]
RBS continues talks over sale of equity derivatives unit

November 18, 2013

Royal Bank of Scotland has confirmed this morning that it is in continuing talks to sell its investor products and equity derivatives business, but does not name the third parties involved. (Release) The news comes two and a half weeks after the part-nationalised lender announced its to set up a £38bn internal 'bad bank' to [...]
Aviva to sell Italian insurer stake to JC Flowers

November 18, 2013

Aviva has announced this morning that its reached a conditional agreement to sell all of its 39 per cent stake in Italian insurer Eurovita Assicurazioni to private equity firm JC Flowers, for €33m. (Release) Proceeds, said the insurance group, will be used for general corporate purposes. Two weeks ago, Aviva said that there "remains much work [...]
Severn Trent appoints BT Openreach CEO Liv Garfield

November 18, 2013

Liv Garfield is to become the new chief executive officer (CEO) of water company Severn Trent. She will be stepping down as CEO of Openreach, BT's local access network division, in the spring of next year. During her time at BT, Garfield oversaw the £2.5bn commercial roll-out of fibre broadband, as well as pushing the [...]
Capita chief executive steps down to pursue private equity portfolio

November 18, 2013

Capita chief executive Paul Pindar will step down, with effect from 28 February 2014. Mr Pindar, who has been with Capita for 26 years, is leaving to pursue a portfolio of private equity opportunities. Martin Bolland, chairman, said: Paul has made an enormous contribution throughout his career at Capita. He has been instrumental in smoothly [...]

Burnham would ‘probably’ have won by-election, says Powell

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Harriet Green

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