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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Ladbrokes shares slump on profit warning

September 26, 2013

Betting shop owner Ladbrokes has announced an expected fall for operating profits for their online business in 2013 below current market expectations with a range of £10m to £14m. (Release) Ladbrokes shares fell nine per cent following the announcement. In its interim management statement, the gaming company says that the second half of 2013 has, [...]
Asda apologises for offensive mental patient Halloween costume

September 26, 2013

Supermarket giant Asda has been forced to apologise after selling a "mental patient fancy dress" Halloween costume online. The costume, which included clothing, mock blood, a mask and imitation meat cleaver, has been withdrawn, following horrified reactions on Twitter. We removed the product from our website this afternoon but unfortunately the page may remain visible [...]
Before the Open: Politics continue to mute markets

September 26, 2013

US and European markets are expected to open lower again today after political squabbling in the US over raising the debt ceiling. Global markets are suffering from risk-off. US equities saw their 5th straight loss overnight with risk currencies once again following. — RMB Global Markets (@RMB_GM) September 26, 2013 Asian markets closed lower, [...]
Any other business – 26/09

September 25, 2013

To Brighton, where Labour leader Ed Miliband received a somewhat muted reception at The Mirror’s conference party on Tuesday night. Asked on stage to say a few words, Miliband’s political call-to-arms didn’t go down too well on a boisterous crowd. But then it turned out Miliband was merely the warm-up act for the much more [...]
House sales in US pushed up by rising interest rates

September 25, 2013

The number of homes bought in the US in August has jumped up 7.9 per cent to 421,000 exceeding expectations of 420,000 and a July figure of 390,000 (revised from 394,000). Despite Fed uncertainty, US residents have still bought more houses, with rising mortgage rates prompting sales. The figure still remains well below the 700,000 [...]
Monte Paschi ready to make changes for state bailout

September 25, 2013

Following internal delays yesterday, the chairman of the world's oldest bank has said that it is ready to make all necessary changes to a much-delayed restructuring plan intended to secure the go-ahead from the European Union for a state bailout. Monte dei Paschi's chairman Alessandro Profumo said to reporters: "We are ready to make all [...]
ECB’s Asmussen sees stability but more reform needed

September 25, 2013

In a speech taking stock five years after Lehman, Jorg Asmussen has said that he does not think regulatory reform is finished and, although the financial system is more stable than five years ago, we should not rule out another Lehman event. The executive board member of the European Central Bank continued to say that US [...]
BlackRock study highlights pain of QE for insurers

September 25, 2013

A study by asset management firm BlackRock has found that uncertainty around Quantitative Easing (QE) is "hurting insurers' income streams and driving them into riskier assets". 73 per cent of insurers say that low yields are largest driver of change for industry, whilst 80 per cent say that change is needed to produce adequate shareholder [...]
Debt agency contemplate change in index for index-linked bonds

September 25, 2013

Britain's debt agency the Debt Management Office (DMO) has said that it has not dismissed the option of tying future index-linked bonds to consumer price inflation (CPI), rather than the usually higher rate of retail price inflation (RPI). The DMO has, until now, been cautious over multiple changes to the index used; another index was [...]
London pulls up average rent rise

September 25, 2013

Figures published by the Office for National Statistics (ONS) have shown that private rents have gone up over the past year. In the 12 months to August 2013 private rental prices paid by tenants rose by 1.2 per cent. Excluding London, private rents in Great Britain rose by 0.8 per cent. Prices increased the most [...]

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By: Harriet Green

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