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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Underlying profit up but Lloyds sees a loss after extra £750m for PPI

October 29, 2013

Lloyds Banking Group has announced that its underlying profit increased by 136 per cent to £4,426m in the first nine months of 2013. But a £750m additional legacy payment for PPI sees the lender report a £440m profit before tax loss in the three months to 30 September (versus a £151m loss for the same [...]
The NHS needs a complaints handling revolution says new review

October 28, 2013

2,500 responses describing lack of care and compassion, and deep dissatisfaction with the way in which complaints had been handled were received by a review looking into the way the NHS handles complaints. The independent report, commissioned by the prime minister and health secretary Jeremy Hunt, follows the failings at Mid Staffordshire NHS Trust and [...]
Dallas Fed: October sees less optimism of business conditions but manufacturing activity strengthens

October 28, 2013

Perceptions of business conditions in Texas were less optimistic in October, as the Dallas Fed manufacturing business index came in at 3.6 – still positive, but down from last month's reading of 12.8. Texas produces more than 11 per cent of total manufactured goods in the US, putting it second behind California in factory production. [...]
US home sales fall for fourth month running in September

October 28, 2013

US pending home sales have fallen by 5.6 per cent to 101.6 in September, after estimates of just a 0.5 per cent fall and last month's decline of 1.6 per cent. The index, which is based on contract signings, is at its lowest since December 2012 (101.3). The National Association of Realtors' Lawrence Yun said: "declining [...]
Firming house prices fuel bubble concerns as London sees a 9.3 per cent jump

October 28, 2013

London's house prices jumped up 9.3 per cent year-on-year in September, with prices in England and Wales up 1.5 per cent since August, according to the Land Registry's house price index. The release follows Hometrack's October data earlier today, which documented that national prices increased by 0.5 per cent, whilst London rose by 0.8 per [...]
UK retail sales disappoint in October but retailers say it’s just a blip

October 28, 2013

High street sales disappointed in October as the CBI distributive trades survey number comes in at 2 – the lowest number since June – missing expectations it'd fall slightly to 33 from last month's 34. Sales were flat in the year to October, too, dashing hopes of another solid rise. Robust growth is expected to return next [...]
Fannie Mae comes to Maastricht as Dutch government backs mortgages

October 28, 2013

The Netherlands will attempt to revive its faltering housing market by issuing mortgage bonds backed by the state, in a bid to prevent a credit crunch. The Dutch government is planning to establish a finance company to buy securitized mortgages with government-guaranteed home-loan bonds. The scheme is to be worth £42bn over five years. The [...]
Chaos in Whitehall as crane collapses onto Cabinet Office

October 28, 2013

A crane has collapsed onto the Cabinet Office as St Jude's winds batter the capital. Whitehall has been cordoned off between Parliament Square and Horse Guards Avenue, and deputy prime minister Nick Clegg has announced the postponement of today's press conference. Whitehall sealed off. Blue flashing lights outside Gwydyr. Crane has collapsed onto Cabinet [...]
Aggreko tops FTSE as shares jump on increased revenues

October 28, 2013

Aggreko topped the FTSE100 this morning as shares spiked after the company announced its third quarter trading was in line with expectations, with revenues up on the same period last year. (Release) The mobile power company said that its underlying revenues and trading margins in the three months to 30 September were slightly ahead of [...]
Balfour Beatty wins £73m coastal defence contracts

October 28, 2013

Balfour Beatty has today announced it has been awarded two coastal defence contracts worth £73m. (Release) The contracts, which are for Blackpool and Wyre Council, will see the infrastructure company replace over 2.9km of the original 1930s seawalls, as part of the promenade renewal and beach management projects, the Anchorsholme and Rossall schemes. The projects [...]

Weight-loss drugs to slow supermarket sales

Pro Climbing League leans into urban boom ahead of sold-out London launch

Has spring arrived? The weather tomorrow shows drastic change

By: Harriet Green

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