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.

Met to pay out millions for factory ruined during London riots

September 12, 2013

Insurers acting for the Sony factory that was razed to the ground during the 2011 summer riots have won their case against the Metropolitan Police. Although the payout is yet to be determined, insurers for Sony were seeking £49.5m. The distribution warehouse in Enfield Lock was looted and torched on 8 August 2011 by [...]
From gluten free pet food to bespoke granola – the startups funded with taxpayer money

September 12, 2013

A range of chewable baby bangles, a perfume for teenagers called ‘Pink Addiction’ and an alternative diet practitioner are all recipients of loans from the £69m government scheme Start Up Loans, which is supported by David Cameron. A list published by Downing Street has detailed the various new startups and New Enterprise Allowance [...]
End in sight for UK’s worst wage squeeze since 1920s

September 12, 2013

The UK's record real wage squeeze may finally be coming to an end new research suggests. Since the start of 2008 real pay has fallen by almost seven per cent, says the Capital Economics report. (Release) According to the report, whilst some recovery is expected in overall incomes, a sharp rise in income growth is [...]
Greek unemployment still rising

September 12, 2013

Greek unemployment has risen to 27.9 per cent during June, compared with 27.6 per cent in May. Youth unemployment remains high: Greek youth unemployment rate more terrifying than ever: 58.8% — Olly Barratt (@ollybarratt) September 12, 2013
European industrial production sees unexpected fall for July

September 12, 2013

Figures from Eurostat show an unexpected dip in industrial production for the eurozone. Whilst June saw an up of 0.6 per cent, July has come in down -1.5 per cent – analysts consensus had predicted a fall of just 0.1 per cent. A surprisingly large decline in industrial production in July for #eurozone, -1.5%. Back [...]
Unexpected drop in Italian industrial output

September 12, 2013

Industrial output in Italy has fallen by -1.1 per cent in July, down from 0.2 per cent in May. Analysts expected a 0.3 per cent drop. The figures, released by the National Institute of Statistics, show a year-on-year decrease of -4.3 per cent (down from -2.1 per cent) but analysts expected only -2.5 per cent. [...]
Next plans growth as it does well in first half of 2013

September 12, 2013

High street retailer Next has published encouraging figures for the first half of 2013, with sales up 2.2 per cent at £1,677m. (Release) Next plans continued growth by developing product ranges and Next online, and acquiring new retail space. Profit before tax stood at £271.8m, up 8.2 per cent from the same period in 2012. [...]
Before the open: FTSE expected up as markets wait for Carney’s Westminister appearance

September 12, 2013

Predictions before open this morning are reasonably good for the FTSE with most traders predicting an increase. Bank of England governor Mark Carney will be present at the Treasury Committee Hearing for an inflation report this morning at 10.00. Morning ftse +3, Dow Flat, dax +25, Nikkei -80, H/s +70, SP 1689, Brent 111.57, Nymex [...]
UK drops down post-Lehman financial transactions leaderboard

September 11, 2013

UK financial transactions have dropped by two-thirds over the past five years, according to a newly-published paper. In 2006/7, they were valued at $1.7 trillion (£1.1 trillion). Law firm Allen and Overy have developed the Life after Lehman Index which looks at the value of global financial transactions, including bond and equity sales, five [...]
Historic real wage squeeze drags on whilst declining public sector remains insulated

September 11, 2013

Data published today by the Office for National Statistics shows that the second quarter has seen a continued decrease in UK public sector employment but an increase in the private sector. Figures suggest a continued push by government to whittle down the public sector. Whilst it is encouraging that public sector jobs are [...]

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