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 – 21/10

October 21, 2013

With US data restarting this week, it's back to business as usual. A record week for US markets last week, we also saw European counterparts looking positive. *Nikkei Ends Up 0.9% at 14,693.57 underpinned by a strong performance on Wall Street and expectations Fed will delay trimming its stimulus. — Holger Zschaepitz (@Schuldensuehner) October 21, [...]
Mercedes-Benz speeds onto markets with 30,000 orders

October 18, 2013

Daimler has received more than 30,000 orders for its flagship Mercedes-Benz S-Class, in less than three months since the model was launched, said the company today. The roll-out of the luxury car has been the fastest in the company's history. (Release) The new Merc is now available in all of Daimler's key markets – arriving [...]
Cable pens another defence of Royal Mail selloff as shares soar to 500p

October 18, 2013

Shares in Royal Mail hit 500p this morning, soaring up 50 per cent since they were initially floated on the stock market last week at 330p. Vince Cable has again defended the pricing of the company, rebutting claims that he cost the taxpayers hundreds of millions of pounds by undervaluing shares, reports Sky News' City [...]
UK walks away unscathed from US shutdown

October 18, 2013

The UK has not been too affected by the US debt debacle, says economic research consultancy Capital Economics. Managing director Roger Bootle commented that, while fourth-quarter US GDP might be "a little sub-par" – meaning that a slowed economy could have affected UK exports – they do expect annualised growth of between 1.5 per cent [...]
An absent US resolution leaves commodities gloomy

October 18, 2013

With no enduring resolution to the US debt ceiling debate, commodities will remain in the doldrums, says Goldman Sachs. The investment bank warns that the uncertainty around the debt ceiling is being viewed as an extension of QE, with delays on a tapering decision complicating the Fed's reaction function. It isn't clear whether the absence [...]
Banks lent less to businesses in three months to August

October 18, 2013

(Bank of England) The Bank of England's latest Trends in Lending survey shows that, whilst bank lending to businesses in the three months to August fell, mortgage approvals for households rose markedly. So did lending to individuals. (Release) Net lending to businesses of all sizes fell by £2.3bn over the period. Net lending to businesses [...]
Anglo American one of FTSE’s biggest fallers as iron production drops

October 18, 2013

This morning, Anglo American saw the second biggest fall on the FTSE100 this morning as it announced iron ore production was down 24 per cent in the third quarter, year-on-year. The company withdrew from the Pebble copper project and sold its Amapa iron ore company in Brazil to miner Zamin. Kumba iron ore production fell [...]
ECB’s Nowotny says growth across the board next year

October 18, 2013

The European Central Bank's (ECB) governing member Ewald Nowotny has spoken optimistically this morning on the economic situation in the Eurozone. Nowotny said that the "massive crisis" in the euro economy is over, and that, by next year, recession in the area will have ended, with all European monetary union countries seeing growth. He added [...]
Wall Street Journal gagged over UK Libor names

October 18, 2013

The Wall Street Journal's (WSJ) European banking editor David Enrich has been ordered by the UK's Serious Fraud Office (SFO) to refrain from publishing the names of people the government plans to implicate in a criminal fraud case alleging Libor fixing. The court order means that Mr Enrich cannot publish "any names in the indictments [...]
Gas and construction man Mark Clare joins United Utilities

October 18, 2013

The group chief executive of Barratt Developments Mark Clare is joining United Utilities, the UK's largest water company, as a non-executive member, said the water company today. (Release) Clare, who has held his position at Barratt since 2006, was executive director of Centrica and managing director of the British Gas Residential Energy operation before moving [...]

Citrini Research report rattles markets as AI fears deepen tech sell-off

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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