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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Just one per cent of UK businesses are foreign-owned but account for a quarter of output

October 24, 2013

Only one per cent of registered businesses in the UK business economy in 2011 were foreign-owned but these businesses contributed 28 per cent of gross value added, says a report from the Office for National Statistics (ONS). One reason for this is that foreign-owned businesses are more likely to be bigger in terms of employment [...]
UK and US growth pushes WPP profit

October 24, 2013

WPP has said this morning that it saw third quarter revenues up 7.4 per cent at £2.680bn, with like-for-like revenue growth accelerating to 5.0 per cent. Shares leapt on the news. (Release) The global advertiser saw strong growth in the UK, North America and Latin America was complemented by growth in advertising and media investment [...]
Mercedes-Benz swells Daimler profit

October 24, 2013

Daimler has reported another improved quarter, as the Mercedez-Benz maker sees profit up 53 per cent, unit sales increase 13 per cent to 595,000 vehicles and revenue at €30.1bn in the third quarter. Shares jumped on the results this morning. (Release) Net profit for the period was €1,897m (£1615.17m) (€1,238m (£1054.08m) like-for-like). Chairman Dr Dieter Zetsche said [...]
Emerging markets prop up Unilever’s modest growth

October 24, 2013

Unilever has announced steady progress in its third quarter results, despite slower markets. (Release) During the quarter, underlying sales grew 3.2 per cent, with emerging markets up 5.9 per cent. Chief executive officer Paul Polman commented that emerging markets continue to be the company's main growth driver, despite the current slowdown. He said that the [...]
What you need to know before the open – 24/10

October 24, 2013

European markets were down for the first day in two weeks yesterday, slowed by the prospect of the ECB's stress test plans for Eurozone banks, due to start next month. But this morning, markets are expected to return to good health after Chinese HSBC manufacturing PMI came in at a seven month high – 50.9. [...]
Eurozone consumer confidence creeps up to highest reading since July 2011

October 23, 2013

Consumer confidence improved marginally in the Euro area in October, with a flash estimate of -14.5, after September's -14.9. This is the 11th month on the trot to see a gain, and the reading is its highest since July 2011. It remained unchanged in the EU at 11.7. Berenberg's Christian Schulz says: "the indicator is [...]
Regulator chief Martin Wheatley says that reform means challenges will give way to fairness

October 23, 2013

Chief executive of the Financial Conduct Authority (FCA) Martin Wheatley will speak tonight about lessons learnt and challenges ahead for the financial world, highlighting the importance of fairness and cultural reform in preventing future crises. The regulator will say that there is no room for complacency, despite an improving situation: “poor conduct is still a [...]
US house price growth in August is slower than expected

October 23, 2013

US house prices rose in August by 0.3 per cent, according to data from the Office of Federal Reserve Housing Enterprise Oversight, marking the nineteenth consecutive monthly increase in the purchase-only seasonally adjusted index. This follows expectations of a 0.8 per cent rise and July's 0.8 per cent increase (revised down from 1.0 per cent). [...]
Job losses as Grangemouth petrochemical plant to close

October 23, 2013

Grangemouth petrochemical plant is to close, bringing job losses, it has been announced. Liquidators will be appointed within the week, says owner Ineos. Up to 800 jobs are under threat. The site's well-known oil refinery will be kept open, provided the threat of strike action is lifted, but the future of the refinery will now [...]
ECB paves way for next year’s tougher-than-expected bank stress test

October 23, 2013

The European Central Bank (ECB) today announced that the stress test it'll be meting out on Eurozone banks as of this November will be tougher than many had anticipated. (Release) The three-part assessment will require all banks to have a capital ratio of eight per cent, and will take 12 months to complete. Michael Symonds [...]

Meta strikes AMD chip deal as AI spend continues to boom

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

Drinks disasters: Three top tips to avoid being a wine wally

By: Harriet Green

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