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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G4S to cut jobs but says it will cooperate with fraud squad

November 5, 2013

G4S has reported a 6.4 per cent growth in revenues over the nine months to 30 September – excluding the Olympics contract that went pear-shaped. It also said it will cooperate in a Serious Fraud Office (SFO) investigation. Shares have opened down on the news. (Release) The security company's chief executive has subsequently said this [...]
M&S sales continue to fall as Bolland has to hope for tenth time lucky

November 5, 2013

Marks and Spencer has said this morning that its transformation is on track, although profits were 8.9 per cent lower at £261.1m during the six months to the end of September – the company's ninth reported loss. (Release) Analysts had predicted a 12 per cent decline in profits for the first half of the year, [...]
What you need to know before the open – 05/11

November 5, 2013

We should see another positive start this morning after the Fed's James Bullard did very little to raise expectations of an imminent taper for the US yesterday. Cable $1.5968, €/$1.3498, $/¥98.43 – Gold – $1315.33 – Nymex -$94.73, Brent $106.38 – European opening calls – FTSE +17, DAX +10, CAC +5 — David Buik (@truemagic68) [...]
Tesco to scan customers’ eyes for tailored advertising

November 4, 2013

Tesco is to start scanning its customers, in a bid to tailor advertising towards them. Tesco petrol station users will be scanned at forecourts, using high-tech "OptimEyes" screens. The new system will be rolled out to all 450 of Tesco's petrol stations, with the screens predicted to reach a weekly audience of over five million [...]
Centrica boss pledges not to take bonus this year

November 4, 2013

Sam Laidlaw, the chief executive of Centrica, has pledged not to take his bonus for this financial year. Speaking at the Confederation of British Industry, Laidlaw admitted public trust in the energy industry is at an all-time low. His promise, made as part of a debate on "Business Trust Under the Spotlight" responds to the [...]
Britain will prosper in a reformed Europe says Balls

November 4, 2013

Ed Balls has just spoken for the first time at the Confederation of British Industry's annual conference. He stressed the importance of Europe to the UK's economy and the work Labour would do differently in 2015 – from tougher energy regulation to impartial investment in infrastructure. The shadow chancellor kicked off by saying that, although [...]
Energy blame game and immigration debates are damaging says CBI president

November 4, 2013

Political blame games and factually incorrect debates around immigration will be deemed unhelpful and damaging by the president of the Confederation of British Industry (CBI), Sir Mike Rake (pictured above, left), today. At the CBI's annual conference, its president is expected to stress the importance of cooperation between the government and business to deliver [...]
HSBC’s 30 per cent profit rise pushes shares up as bank cooperates with forex probe

November 4, 2013

HSBC have announced a 30 per cent increase in profit before tax, at $4.5bn (£2.8bn) in the third quarter of 2013, compared with $3.4bn in the same period of 2012. The boost, said the lender, was from strong growth in the UK and Hong Kong. Shares climbed on the news this morning. (Release) In the [...]
Co-op Bank to close 15 per cent of branches with hundreds of jobs on the line

November 4, 2013

The Co-operative Group is to axe 15 per cent of its floundering bank's 324 branches by the end of next year, as part of a radical restructuring plan unveiled today. Sky News' Mark Kleinman reported on Saturday that the bank is to cut more than 1,000 jobs as part of the restructure, which will see [...]
What you need to know before the open – 04/11

November 4, 2013

The euro's poorer performance last week has been put down to the anticipation of rates cuts by the ECB either this week or in December. At the moment, expectations are that Draghi will suggest this week that action will be in December. * BNP Paribas: we are not expecting an ECB rate cut at its [...]

Service sector profits continue long decline

Sheffield Wednesday: New buyers sought after £40m takeover collapses

London is the best food city in the world – here are 3 reasons why

By: Harriet Green

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