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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Management shakeup for M&S as Asia exec leaves

September 30, 2013

British retailer Marks & Spencer (M&S) is to see more change to its senior management. Sky News' City editor Mark Kleinman reported that Pascal Martin, the executive responsible for the 120 M&S stores in Asia, is to leave next month, having been with the company only since 2011. His replacement, says Sky, is Bruce Findlay, [...]
Stress test for EU insurers says European regulator

September 30, 2013

Next year, EU insurance companies face a "comprehensive stress test", the European insurance and pensions regulator said today. (Release) Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA) told the European Parliament today that more consistent and centralised supervision, at a European level, of European firms was needed. Risk assessment, he said, [...]
SSE Fitch rating of A- remains unchanged following Ed’s energy freeze

September 30, 2013

The ratings agency Fitch Ratings has today affirmed utilities company SSE the Long-term Issuer Default Rating (IDR) of 'A-' with a Stable Outlook. This comes after Ed Miliband's price freeze announcement last week; the A- rating signifies that economic situation can affect the finance of a company, but is an unchanged rating for the company. [...]
Outlook good for US business as Chicago PMI comes in above expectations at 55.7

September 30, 2013

Outlook for US business is looking positive, as the Chicago purchasing managers' index for September came in at 55.7, exceeding expectations of 54 and up from August's figure of 53. The index captures business conditions across Illinois, Indiana and Michigan and is considered an indicator of overall economic condition for the country.
Albemarle and Bond shares slump on profit warning and £35m rights issue

September 30, 2013

For pawnbroker Albemarle and Bond, things have gone from bad to worse after its share value crashed this morning, following their announcement of an emergency rights issue of £35m and profit warning. City A.M.'s Michael Bow reported this morning: TROUBLED pawnbroker Albemarle & Bond is in the market for an emergency bailout after its business [...]
PDL ministers resign says premier’s office

September 30, 2013

Italy's premier's office has confirmed Berlusconi's People of Freedom (PDL) party has seen an en masse resignation of ministers, as the governmental chaos of the last few days rattles on. This morning, European shares fell following Italian cabinet resignations, making the possibility of a new election ever-more real. The pan-European FTSEurofirst 300 was down [...]
Eurozone inflation falls with marked CPI decrease for Italy

September 30, 2013

Inflation softens for the Eurozone as the consumer price index misses expectations of 1.2 per cent for September, coming in at 1.1 per cent, year-on-year. This is down from the previous figure of 1.3 per cent. The core figure, which excludes volatile components like food, energy, alcohol and tobacco, was at 1.0 per cent year-on-year; [...]
Italian political turmoil hits markets and overshadows reports of upturn

September 30, 2013

Italian government bonds and shares have slumped this morning following Silvio Berlusconi's decision to take five ministers out of Enrico Letta's already fragile coalition at the weekend, and has left the Eurozone's third-largest economy without a functioning government. Berlusconi, who may be ejected from the senate because of tax fraud, ordered the five ministers to [...]
BP oil spill trial continues with question of how much oil was lost

September 30, 2013

Oil giant BP is due today to begin the second phase of the civil trial over its 2010 Gulf of Mexico oil spill. The Deepwater Horizon rig explosion killed 11 workers and blackened hundreds of miles of beaches. Today, the debate will be on how much oil was spilt. The US government will argue that, [...]
Aldi sees a doubling of annual profits and a 40.6 per cent leap in sales

September 30, 2013

Budget supermarket Aldo has announced a 40.6 per cent increase in sales last year, rising to £3.8bn, with profit doubling from £70.5m to £157.9m, moving away from the pack of other UK supermarkets in terms of growth. With a growing middle class clientele and one million extra customers coming through the doors of its 500 [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Harriet Green

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