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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Jamie Dimon steps down as JP Morgan chairman

October 4, 2013

JP Morgan's chief executive officer Jamie Dimon has stepped down as chairman of the company's main bank subsidiary to conform with a new internal policy on multiple roles. Dimon will be replaced as chairman by former Johnson & Johnson chief executive William Weldon; Dimon will be referred to as "chairman emeritus". Following the London Whale [...]
What you need to know before the open – 04/10

October 4, 2013

Day four of government shutdown in the US and traders may be starting to realise that a solution could be some way away. The impasse is weakening US and European markets alike, with Asian markets closing down for today and US markets dropping for a second day yesterday. London pre-open: FTSE 100 to give back [...]
Co-op bidder advised by ex-head of Northern Rock

October 3, 2013

As first reported by Sky News' City editor Mark Kleinman, a private equity firm that is being advised by the former boss of Northern Rock, Adam Applegarth, is among the bidders for Co-op's blighted insurance arm. The bank was left with a £1.5bn hole in its finances following the Prudential Regulation Authority's ruling that it must [...]
Unanimous approval on French “anti-Amazon” bill

October 3, 2013

A unanimous decision has been taken by French lawmakers to approve a bill designed to safeguard small bookstores against powerful online competitors. The bill will restrict retailers like Amazon from combining offers of up to five per cent discounts with free deliveries. It was was proposed by the opposition party UMP, but had all-round support, [...]
FCA compensation for victims of 2008 deposit failures

October 3, 2013

Large unincorporated associations may be eligible for compensation following 2008 deposit failures from the Financial Conduct Authority (FCA). Groups such as charities, clubs or societies, that were not given assistance following the collapse of Kaupthing Singer and Friedlander Bank and Landsbanki Island in 2008, could now get payoffs from the regulator. Up to £50,000 may [...]
“Sell” rating for Alcoa as aluminium prices fall

October 3, 2013

Deutsche Bank has downgraded its rating on Alcoa's stock from "hold" to "sell", citing lower aluminium prices over the last two quarters as the reason for doing so. Thing aren't boding too well for the world's third largest producer of aluminium, which has 40 per cent of its revenue accounted for by primary metals business. [...]
1 in 5 adults smoke in the UK says ONS

October 3, 2013

The Office for National Statistics (ONS) has released its findings from the integrated household survey from January to December 2012. (Release) Amongst the findings were that Scotland and the north of England have the highest proportion of smokers as compared to London and the South East which have the lowest. A total of 20 per [...]
Good news for Eurozone retail as August comes in above expectations

October 3, 2013

Eurozone retail sales have beaten expectations, coming in at 0.7 per cent for August after expectations that July's 0.5 per cent increase would fall to 0.2 per cent. Year-on-year, figures are still down 0.3 per cent, but this is up on expectations which expected a -1.5 per cent outcome for August, from July's -0.7 per [...]
UK service sector growth slows slightly but still strong at 60.3

October 3, 2013

The UK services sector is still expanding in September, with a strong PMI reading of 60.3. Although in line with expectations this is a bit of a slowdown from August's reading of 60.5. The sector's strong performance marked the end of the best quarter since Q2 1997, with analysts estimating UK economic growth for the [...]
Mixed results for William Hill – Sportsbook strong but weak retail

October 3, 2013

William Hill has announced growth in key areas, led largely by Sportsbook going from strength to strength, but retail results look weak. (Release) The betting firm has reported 42 per cent growth in Sportsbook wagers in the 13 weeks ending 1 October, with football Sportsbook wagering up 49 per cent and mobile wagering on Sportsbook [...]

Why authenticity is key to US sport succeeding in Europe

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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