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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De La Rue FTSE250’s biggest faller after profit warning

October 23, 2013

British currency printer De La Rue is currently the biggest faller on the FTSE250 this morning, down 8.5 per cent cent after it warned it would miss its profit target for this year because of the challenging market. De La Rue's performance in the first half of the financial year was in line with its [...]
Internet sales boost results for Argos as Home Retail reports positive results

October 23, 2013

Argos and Homebase parent company Home Retail has today announce a positive like-for-like sales performance, despite highlighting limited customer spending, owing to lessened disposable incomes. Profit before tax for the period was £14.2m in the 26 weeks to 31 August. (Release) Argos did particularly well when it came to sales via smart devices – internet [...]
What you need to know before the open – 23/10

October 23, 2013

US markets continued to climb yesterday after US job numbers missed expectations, sending the S&P500 to new record highs for the third day in a row. Despite the upward revision to the jobs data, markets seem to be interpreting this as a staving off of tapering. European markets seem more restrained this morning, following a [...]
Strong results for Sports Direct as clothes shop Republic catapults profit

October 23, 2013

Sport Direct International has announced a 15.1 per cent sales increase for the nine weeks to 29 September, with gross profit up 19.4 per cent to £199.8m (from £167.4m like-for-like). (Release) The buying up of clothes shop Republic back in February saw Premium lifestyle sales soar in the period – sales and gross profit from [...]
Falcon business jet contract win for Meggitt

October 23, 2013

Meggitt has announced a multi-million dollar contract win for a braking and control system with Dassault. (Release) Dassault, who make Rafale combat planes, has selected the British aerospace engineering business to develop the systems for the all-new Falcon 5X business jet. Meggitt's chief executive officer Stephen Young commented that the award "is a significant milestone [...]
Co-op’s Len Wardle to quit as chairman of floundering lender

October 22, 2013

Co-op's Len Wardle is to step down as chairman in May of next year, in the thick of a crisis which has seen the mutual lose majority ownership of its bank. (Release) The bank, which is set to be taken over by American hedge funds, saw Wardle quit the board last month. He has been [...]
New sites to see Cineworld trump UK cinema market

October 22, 2013

Cineworld plans to open up 25 new cinemas over the next four years, the group has said to Reuters. The British company is seeking to get the edge in the cinema market – the planned cinemas would topple market dominator Odeon. It currently has 101 sites, compared with competitor Odeon's 112 sites, and Vue's 80. [...]
French GDF Suez jumps on UK shale bandwagon

October 22, 2013

GDF Suez E&P UK (GDF) – the UK arm of French energy giant GDF Suez – has become the second utility firm to buy into British shale gas after buying a 25 per cent interest in UK onshore projects. (Release) GDF will work with Dart Energy on 13 of its UK licenses, the latter said [...]
Ofgem clamps down on fixed term energy deals

October 22, 2013

New Ofgem rules came into force today which stop energy firms from raising prices on fixed-term contracts. Companies are also banned from automatically rolling customers onto new fixed-term deals when their current one comes to an end. The regulations are the latest stage of Ofgem's reforms to "reset the energy market", making "a positive difference [...]
Scottish Power to pay out £8.5m to customers misled by badly trained staff

October 22, 2013

Scottish Power has agreed to pay consumers £8.5m following an Ofgem investigation into the energy company's selling practices. The regulator said that Scottish Power had breached its marketing licence conditions, with customers being misled during doorstep and telephone sales approaches because of failure to "adequately train and monitor" staff. The breach took place between 2009 [...]

Big Four consulting giants pivot to ‘high-growth verticals’ amid AI disruption

Ukraine invasion anniversary prompts fresh Russia Paralympics ban calls

The under-the-radar Alps spot perfect for a family ski holiday

By: Harriet Green

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