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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What you need to know before the open – 30/10

October 30, 2013

US equity markets saw another record close yesterday, and the German DAX continues to break records, too. European stocks were marginally behind. Asian markets closed up today. Yesterday, the ECB's Ewald Nowotny ruled out the prospect of further rate easing in Europe in the near future. ETX Capital #morningcall FTSE +19, DAX +20, CAC [...]
Big six quizzed by MPs on energy prices, profit and green levies

October 29, 2013

Bosses from the big six energy companies are being grilled by MPs this afternoon. First on the agenda was why prices have gone up by an average nine per cent when wholesale costs of energy has increased by only 1.7 per cent. A row has already erupted over the Ofgem data that claims the 1.7 [...]
US consumer confidence will grow now that shutdown’s over

October 29, 2013

The slump in confidence incurred by US government shutdown is likely to be reversed soon, says research consultancy Capital Economics. The marked dip in consumer confidence to a six-month low of 71.2 in October, from 80.2 in September and analyst expectations of 75.0, is probably a reflection of shutdown, says Capital Economics' Amna Asaf. The survey period [...]
Rabobank fined £662m over Libor scandal as boss quits

October 29, 2013

Dutch Rabobank said today that it has agreed to pay around €774m (£662.77m) in fines, including £105m to the Financial Conduct Authority (FCA), for Libor-related misconduct. The announcement comes with the news that Piet Moerland, the bank's chair, has resigned with immediate effect. The fines, imposed by various Dutch, UK and US authorities, follow the [...]
US producer price index decreases slightly in September owing to falling food costs

October 29, 2013

The US producer price index fell 0.1 per cent in September, following analyst expectations it would rise by 0.2 per cent, and August's increase of 0.3 per cent. Year-on-year, the index continued to point to soft inflation, up by 0.3 per cent. Prices for finished consumer foods fell 1.0 per cent – the largest decline [...]
Tata Steel announces 500 job cuts

October 29, 2013

Nearly 500 jobs could be cut by Tata Steel as the company announces restructuring plans which will affect its Scunthorpe, Teesside and Workington sites. (Release) The losses – around 340 in Scunthorpe, 90 in Workington and 40 in Teesside – come amid ongoing weak demand in the construction industry. The steel industry is faring particularly [...]
Highest level of new mortgage approvals since February 2008

October 29, 2013

UK mortgage approvals were at their highest levels for five and a half years at 66,735 in September, marginally over economists' estimates of 66,000. Last month's figure was 62,22.6. The figure, reported by the Bank of England, provides, says IHS Global Insight's Howard Archer, compelling evidence that activity in the housing market was already gaining momentum even [...]
Standard Chartered shares fall on revenue decline

October 29, 2013

Standard Chartered shares are down this morning after the bank reported that it saw a drop in revenue in its third quarter, as its corporate banking business struggles, particularly in emerging markets. (Release) In an interim statement, the bank said revenue in the three months to September dropped by a "low single-digit percentage". Standard Chartered [...]
BP ups its dividend on the back of profit results

October 29, 2013

BP has reported profit before tax in the third quarter of $5,172m (£3,211m), up from $4,116m in the second quarter, hiking its quarterly dividend by 5.6 per cent, to 9.5 cents a share. Shares spiked this morning on the news. (Release) The oil giant saw underlying replacement cost profit for the period of $3.7bn, compared [...]
What you need to know before the open – 29/10

October 29, 2013

Despite all-time highs for US markets yesterday, it was a mixed finish as the Fed meeting – due to begin today and finish tomorrow – is considered. Asian markets closed lower, too, as investors waited for the policy meeting. European markets are expected to look just as subdued this morning. ETX Capital #morningcall FTSE -4, [...]

Gucci sparks backlash with AI-generated ads ahead of fashion week

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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