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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EC approval for Aegean’s purchase of rival Olympic Air

October 9, 2013

The European Commission (EC) has given its approval for Greek Aegean Airlines to buy loss-making rival Olympic Air. (Release) The approval comes after an EC investigation found Olympic would go out of business "very soon" if the deal was blocked, leaving Aegean as a sole provider in the market with no competitor. The EC said [...]
Surprise growth in August for Germany’s manufacturing sector

October 9, 2013

Germany's manufacturing sector did better than expected in August, with industrial production up 1.4 per cent, following expections at 1.0 per cent, and rising from -1.1 per cent (revised from -1.7 per cent) for July. Ben May, European economist at Capital Economics, comments: Despite the sharp rise in production in August, the German industrial sector [...]
Nestle looks to sell Jenny Craig after announcing brands overhaul

October 9, 2013

According to sources, Nestle is looking to sell Jenny Craig – its celebrity-endorsed weight loss company – and is speaking to a small number of potential buyers, reports Reuters. The sources, said Reuters, disclosed yesterday that Nestle was working with Goldman Sachs on the sale process. Last week, Nestle hinted at the closeness of a [...]
Profitability of UK manufacturing companies hits 2003 low

October 9, 2013

(Office for National Statistics) The ONS has released its report on the profitability of UK companies for the second quarter of 2013. The figures mostly fall into line with the results from the same time last year. However manufacturing companies' net rate of return was at the lowest since the first quarter of 2003. Private [...]
Disappointment for UK manufacturing as figures decline in August

October 9, 2013

Figures for the UK manufacturing sector are disappointing after industrial production declined in August, coming in at -1.1 per cent – the biggest fall in almost a year – missing expectations that it would be up 0.4 per cent after a 0.1 per cent increase in July (revised from flat). Manufacturing production also fell 1.2 [...]
Ladbrokes appoints Arriva boss as non-exec

October 9, 2013

(Yahoo Finance) Betting specialists Ladbrokes is today announcing the appointment of Arriva's chief executive David Martin as a non-executive director. (Release) Martin, who'll be starting with Ladbrokes at the end of October, joins the company following John Jarvis' decision earlier this year to retire from the board. He has been chief executive of Arriva since [...]
Fresnillo announces lift on explosives ban

October 9, 2013

(Yahoo Finance) Fresnillo has announced that a temporary suspension of an explosives permit has been lifted. (Release) The Mexican-based mining company has reported that all of its explosive permits for mine Minera Penmont had been suspended following a court decision on a land boundaries issue. The company is confident that two further temporary suspensions at [...]
US ISS calls for Murdoch to quit 21st Century Fox

October 9, 2013

America's Institutional Shareholder Services (ISS) has called for Rupert Murdoch to quit as chairman of his film and television business, 21st Century Fox. The proxy advisory group called for the media mogul and his two sons, James and Lachlan, to step down from the film company's board, advising shareholders to vote against Murdoch's reelection. The call [...]
What you need to know before the open – 09/10

October 9, 2013

President Obama's comments last night – that there is "no magic bullet" to end the standoff between the two parties – seems to finally be drumming home to markets the ramifications of shutdown. US markets saw their biggest one-day slide in 11 months. There was some stabilisation, however, on the news that Janet Yellen would [...]
Mining company Vedanta sees record oil and gas production

October 9, 2013

Metals and mining company Vedanta has reported record oil and gas production in the second quarter of 2013. (Release) The global business, which is the largest miner in India, saw 213,299 barrels of oil equivalent per day (boepd) produced over the period, ending 30 September. Mined metal production increased 16 per cent in the second [...]

Rayner to back Burnham’s Westminster bid

Drinking in stands hailed as success as more clubs join WSL pilot scheme

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Harriet Green

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