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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Any other business – 17/10

October 16, 2013

Newspapers, cigarettes, maybe a bit of booze – and a new bank account, please. That’s right, French tobacconists are taking on traditional lenders by offering a new line of current accounts. The 27,000 tabacs hope they can win customers by offering cheap, stripped down accounts alongside the convenience of banking in your corner shop. It [...]
Pepsi sees growth after Coca-Cola fizzles

October 16, 2013

After Coca-Cola's mixed results yesterday, rival Pepsi has reported higher earnings for the third quarter, with organic revenue growth of 3.3 per cent. Whereas Coca-Cola saw a decline in net revenues, which lagged behind forecasts, Pepsi reported soft net revenue growth of two per cent year-to-date. Pepsi said it was on track to meet its [...]
Danone changes targets on major impact of Fonterra formula milk recall

October 16, 2013

Danone has changed its targets for 2013 following the major impact of the recall of infant formula products in Asia. Sales in the third quarter were up 4.2 per cent like-for-like, despite the recall and unfavourable exchange rates, the company said today – and they're confident in a full recovery, although not necessarily this year. [...]
UK leads the way in 2013 car sales as EU sees strong demand

October 16, 2013

Demand for new cars in the EU-27 surged to 5.4 per cent in September, to 1.19 million vehicles, from the record low volumes seen in September 2012. This was led by Spanish growth of 28.5 per cent and 12.1 per cent in the UK (403,000 vehicles) reports the European Automobile Manufacturers' Association, ACEA. September's gain [...]
Royal Mail staff to strike on 4 November

October 16, 2013

Royal Mail staff will strike on 4 November after the Communication Workers Union's (CWU) ballot of around 115,000 members returned a 4-1 decision in favour of industrial action, it has been announced. In the midst of controversy around its sell-off, the CWU, the main postal union, balloted around its members for industrial action on privatisation, [...]
UK overtakes Estonia with highest EU inflation in September

October 16, 2013

Eurozone inflation increased in September as the consumer price index rose to 0.5 per cent from August's 0.1 per cent, in line with expectations. Year-on-year, September saw an expected 1.1 per cent rise – broadly stable after August 2012 to August 2013's 1.3 per cent increase and the lowest level since February 2010. (Eurostat) In [...]
Miner Hochschild announces it’s on track for 2013 silver target

October 16, 2013

Mining firm Hochschild has reported a solid third quarter and said that it was on track to achieve its 2013 20.0m ounces silver target. (Release) Production in the period was good for the company, with attributable production of 5.4m silver equivalent ounces. Hochschild also got approval for its Inmaculada mill construction permit from the Peruvian [...]
BBA announces retirement of chairman Michael Harper

October 16, 2013

Multinational jet company BBA aviation has this morning announced the retirement of chairman Michael Harper, following yesterday's report that Sir Nigel Rudd, outgoing chairman of Invensys, is expected to join the board of BBA. (Release) City A.M.'s Marion Drakers writes yesterday: Sir Nigel, who is also the chairman of Heathrow Airport Holdings, could be announced [...]
What you need to know before the open – 16/10

October 16, 2013

US uncertainty still dominates – Asian markets remain cautious as the dollar pared gains yesterday, following a series of meeting that failed to see an agreement reached. The FTSE is expected to have a weak start as European markets are set to open flat this morning – although equities are expected to climb today on [...]
Goldman close long option for gas trading after unexpected production results

October 15, 2013

Goldman Sachs has closed its long call option trading recommendation for gas. The trade, which was first recommended by Goldman in April of this year at an initial value of $0.31, has a current value of $0.01. Goldman had expected a tighter balance through the summer, but US natural gas year-on-year production actually accelerated to [...]

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By: Harriet Green

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