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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Nestle to create 1,600 jobs and says industry needs to step up on youth unemployment

November 15, 2013

Swiss food giant Nestle has announced it will create 1,600 jobs for young people in the UK and Ireland over the three years. The company will also create 300 paid work experience placements. These placements will last for four weeks and be paid above the national minimum wage. Nestle chief executive, Fiona Kendrick, said: We [...]
Eurozone consumer price inflation at 47-month low

November 15, 2013

Inflation has slowed in the Eurozone in line with analysts expectations, with the consumer price index coming in at 0.7 per cent in October year-on-year. Core inflation was 0.8 per cent for October year-on-year. Eurozone inflation is now at its lowest point since November 2009. The slowdown in inflation will be cause for concern for [...]
Samsung to launch three-sided display phone

November 15, 2013

Next year Samsung plans to launch a smartphone with a three-sided display, according to reports by Bloomberg. The phone will be designed so messages, emails and possibly share prices and notifications, can be read from any angle. The new handset will use an upgraded version of its Youm series of flexible OLED screens. Each side [...]
Help to Buy assists 155 per cent boost in Nationwide profits

November 15, 2013

British building society Nationwide has reported a whopping underlying profit increase of 155 per cent, for the six months to the end of September. Underlying profit was £332m compared to £130m during the same period in 2012. Nationwide attributed the dramatic growth to increased lending and a burst of new customers switching to the building [...]
IAG hikes 2015 profit target by 12.5 per cent

November 15, 2013

On Friday, International Airline Group (IAG) raised its 2015 operating profit target by 12.5 per cent, or €1.8bn (£1.5bn). The British-Spanish multinational, which owns British Airways (BA) and Iberia, attributed the increased profit target to improved performance at BA and its Spanish based airline, Vueling. BA's 2015 operating profit target was raised from £1.1bn to [...]
Capco reports strong financial position on back of Covent Garden estate

November 15, 2013

Capital and Counties (Capco) has posted strong results this morning, announcing that its Covent Garden estate is on track to achieve £60-65m estimated rental value (ERV) by December 2015. It also said that its achieved significant progress in its £8bn Earls Court development. (Release) Since 30 June, Covent Garden has seen new lettings and renewals [...]
What you need to know before the open – 15/11

November 15, 2013

US markets continue to see record highs on the back of Janet Yellen's easy money talk yesterday, and their Asian counterparts followed suit in Friday trading. But European markets, whilst gaining of the Fed chair elect's comments, did not respond with the same enthusiasm. One reason for this could be that Europe has a weaker [...]
SABMiller chairman Graham Mackay steps down for second time

November 15, 2013

Brewer SABMiller has said this morning that its chairman Graham Mackay is to step down for a second time this year, due to deteriorating health. (Release) Mr Mackay went on medical leave earlier in the year, after having surgery on a brain tumour in April. He recovered sufficiently to return to his role as non-executive [...]
No taper, says Yellen, but unemployment must be trimmed

November 14, 2013

As anticipated, nominee for next chairperson of the US Federal Reserve, Janet Yellen has just delivered a very dovish speech to the Senate Banking Committee. There is no set time for tapering, and the biggest problem facing the US economy at the moment is the plight of the long-term unemployed – a "virtually unprecedented" situation, [...]
Greek recession shows no signs of ending says Capital Economics

November 14, 2013

Forecasts of Greek economic growth remain too optimistic, according to Capital Economics. The London-based consultancy says that the modest improvement seen in the third quarter GDP figures has failed to significantly benefit Greece. Greece's flash GDP estimate for the third quarter showed that GDP had gone from -3.7 per cent to -3.0, its highest rate [...]

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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