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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Shire expands with $4.2bn acquisition of rare disease specialist ViroPhama

November 11, 2013

UK pharmaceuticals company Shire announced today that it has agreed to buy rare disease specialist ViroPhama. Shire will buy the US drugs company for $4.2bn (£2.6bn) or $50 per share, representing a 27 per cent premium on Friday's closing price. (Release) Shire believes the acquisition will strengthen its rare disease portfolio, to which the company [...]
Admiral turnover reduced by weaker UK market

November 11, 2013

Car insurance specialist Admiral Group has announce a seven per cent decline in turnover this morning to £528m in the third quarter to September. The firm remains on track to meet its expectations this year, with international car insurance turnover up 26 per cent on the same period last year. (Release) UK Car insurance turnover [...]
What you need to know before the open – 11/11

November 11, 2013

European markets are expected to open up this morning after their Asian counterparts closed mixed. With little data coming in today, investors are focused on the end of the week. On Thursday, we've got a raft of GDP readings from the Eurozone, a week after the ECB rate cut was announced. Asian markets want [...]
US consumer confidence drops unexpectedly in November

November 8, 2013

US consumer confidence has dropped unexpectedly in November, with a flash estimate coming in at 72.0, following expectations of 74.5 and last month's (apparently shutdown-induced) near-year low of 73.2. Amna Asaf of Capital Economics comments that the decline is disappointing, but adds that "it is hard to square with the improvement in the normal key drivers [...]
Barclays and Deutsche Bank lose bid to keep Libor claims out of court

November 8, 2013

Deutsche Bank and Barclays have failed to prevent allegations of interest rate manipulation from being included in two ongoing lawsuits. The decision, made by the UK Court of Appeal today, means that the banks could lose millions of pounds. It could also become a test case – with other litigation over the fixing of the [...]
Mighty Wings fail to save McDonald’s from poor performance in October

November 8, 2013

McDonald's, the world's largest fast-food company, recorded a weaker than expected sales increase of 0.2 per cent in the US in October. New products such as the Mighty Wings and the Pumpkin Spiced Latte were largely responsible for the tepid growth seen in the US, but failed to produce impressive results. Sales in Europe rose [...]
US economy adds more jobs than expected in October

November 8, 2013

"First Friday" jobs day is back in the US with nonfarm payrolls jumping up 204,000 in October, after analysts predicted a 125,000 gain, and a previous figure of 163,000 (revised up from 148,000). The unemployment rate in October was up 7.3 per cent, in line with expectations – up from September's 7.2 per cent increase. [...]
MPs summon bankers over Royal Mail sale

November 8, 2013

Several of the investment banks associated with the sell-off of Royal Mail have been called up by MPs to an inquiry into the company's privatisation, reports Sky News' City editor, Mark Kleinman. The banks have been contacted by the Business, Innovation and Skills Select Committee (BIS) which has asked them to attend sessions later this [...]
WPP acquires award winning Bottle Rocket

November 8, 2013

WPP announced today that it has acquired US mobile solution provider, Bottle Rocket. Bottle Rocket creates specialised high-end apps for iPhones, iPads and Androids. The company won several industry awards including the Apple Hall of Fame awards. Bottle Rocket, founded in 2008, posted unaudited revenue for the previous twelve months ended September 2013 of $17m [...]
UK construction growth falls as trade deficit widens says ONS

November 8, 2013

Figures released on Friday by the Office of National Statistics (ONS), show that Britain's trade deficit is at its highest point since October 2012. The trade deficit in goods now stands at £9.8bn. Economists had estimated it would fall to £9.2bn. The trade deficit with non-EU countries fell to £3.8bn in September, beating forecasts of [...]

Legal battle over Labour’s inheritance tax reliefs set for March hearing

London Broncos signs deal with Australian fintech OFX

The UK’s booming wine sector offers salaries of up to £150k

By: Harriet Green

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