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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No change to Eurozone austerity targets as region emerges from recession, says IMF

October 8, 2013

(International Monetary Fund) There is no need to adjust austerity targets in the Eurozone, said the International Monetary Fund (IMF) today. The IMF, releasing its latest World Economic Outlook this afternoon, said that fiscal changes in periphery countries do not need to be made unless growth slows markedly. The region, despite "still being constrained by [...]
368 Royal Mail staff turn down £2,000 shares

October 8, 2013

368 out of 150,000 members of staff at the Royal Mail have opted out of free shares which will be worth about £2,000, latest figures show. 10 per cent of shares were reserved for staff; the general public can buy shares until midnight tonight. How to buy shares in Royal Mail
Parents’ education matters and 55-65 year olds more proficient than young people, says study

October 8, 2013

(OECD) The Organisation for Economic Co-operation and Development (OECD) has published its report on adult skills proficiency, 24 rich countries, surveyed just shy of 9,000 age-working adults in England and Northern Ireland. (Release) Here's some illuminating things the report found: – Young people in England were rated 22nd out of 24 countries for literacy proficiency. [...]
German factory orders fall unexpectedly in August

October 8, 2013

German economic expansion falters with factory orders coming in at -0.3 per cent for August, missing the mark after expectations of a rise of 1.2 per cent, and following July's -2.7 per cent. The factory orders index includes shipments, inventories, and new and unfilled orders.
Shares up as dei Paschi cuts more staff

October 8, 2013

The world's oldest bank, Italian Monte dei Paschi has seen shares surge following its announcement that it's cutting another 3,360 jobs, in order to receive €4.1bn in European aid. The bank's experience of a "more challenging macroeconomic scenario than the one initially expected" sees it evoke a restructuring plan as it continues to take steps to [...]
Bank of France lowers growth estimate to 0.1 per cent

October 8, 2013

The Bank of France (BoF) has today lowered its growth forecast to just 0.1 per cent for the third quarter, bringing its prediction in line with the country's statistics office's forecast of a flat performance. The BoF 0.1 per cent is still slightly above INSEE's flat growth predication and full-year expectation of 0.2 per cent. [...]
Alcatel-Lucent to slash jobs in bid to reverse fortunes

October 8, 2013

(Yahoo Finance) French phone manufacturer Alcatel-Lucent has confirmed it is to halve its business hubs worldwide, axing around 10,000 jobs by the end of 2015. The extreme cost-cutting plan, aimed at reversing the fortunes of the telecoms equipment maker, which has seen years of losses, will see 4,100 roles cut in Europe and 3,800 in [...]
£4.5bn to Icesave customers says compensation fund

October 8, 2013

Over £4.5bn in compensation has been paid to almost 230,000 UK Icesave customers over the five years since the bank floundered in the financial crisis, reports the Telegraph. On average, the 228,516 customers the Financial Services Compensation Scheme (FSCS) paid out to received £15,215,53, with payments ranging from more than £2m to just 1p. 36,687 [...]
Direct Line to sell closed life fund in £62m deal

October 8, 2013

(Yahoo Finance) Britain's biggest car insurance company Direct Line has announced that it has agreed to sell the group's UK closed life insurance business, Direct Line Life Insurance (DLL), to Chesnara, an insurance-focused takeover specialist. (Release) Direct Line, whose brands include Churchill, Green Flag and Privilege, said today that total proceeds of the sale tally [...]
More customers and services for utility provider Telecom Plus

October 8, 2013

(Yahoo Finance) Multi-utility provider Telecom Plus saw significant growth in customer and services numbers. (Release) Up 13,372 from the first quarter of 2013, customer numbers for the gas, electricity, broadband and landline provider stood at 494,940 at the end of the second quarter (to 30 September). Services being provided by the company stood at 1,767,774, [...]

Diageo, Burberry rally after Trump tariff ruling

Hunslet RLFC’s lesson for rugby league profitability? Pay HMRC

London Sports Festival Returns to the Capital

By: Harriet Green

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