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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How £5m of diggers came to reside under London’s most expensive houses

June 5, 2014

The only thing possibly bigger and swankier than the biggest and swankiest houses in London is the titanic subterranean lairs underneath them. With spaces (but not cost) at a premium, more and more owners are expanding downwards, building cinemas, swimming pools, gyms, games rooms and other luxury spaces underneath their visible homes. And Ed Smith, [...]
What you need to know before the US open

June 5, 2014

The Dax hit 10,000 for the first time this afternoon, following Mario Draghi’s unveiling of his plans for new Targeted Long Term Refinancing Operations (TLTROs). Draghi is still answering questions at the ECB’s press conference, following the announcement that it’s taking interest rates into negative territory, in its battle against deflation. US futures inched up [...]
England’s just named the Test squad. Here’s what you need to know

June 5, 2014

Who’s in? Chris Jordan (Sussex)Sam Robson (Middlesex)Moeen Ali (Worcestershire)Chris Woakes (Warwickshire)Matt Prior (Sussex)Liam Plunkett (Yorkshire)Alastair Cook (Essex)James Anderson (Lancashire)Gary Ballance (Yorkshire)Ian Bell (Warwickshire)Stuart Broad (Nottinghamshire)Joe Root (Yorkshire) And a reminder of who was around last time England played against Australia in Sydney: Alastair CookMichael CarberryIan BellKevin PietersenGary BallanceBen StokesJonny BairstowScott BorthwickStuart BroadJames AndersonBoyd Rankin
Most Brits think Qatar should lose the right to hold the 2022 World Cup

June 5, 2014

Following the latest scandal over the Qatari bid for the 2022 World Cup, 62 per cent of Brits think it should be stripped of the right to hold it, according to a new YouGov poll. 77 per cent of football fans don’t think it should now be allowed to host the tournament. What’s more, 65 per [...]
Asos share price crashes 42pc as it slashes margin guidance

June 5, 2014

A shock announcement from Asos this morning. The online fashion retailer has cut its full-year operating profit margin from 6.5 per cent to 4.5 per cent. Investors have reacted with extreme wariness – the share price has just slumped over 42 per cent. Asos has been heading off the impact of a flurry of competition, heavy [...]
What you need to know before the open

June 5, 2014

A steady start’s expected for European stocks this morning, as investors hold their breath ahead of the much-awaited European Central Bank’s policy meeting at lunchtime. We’re not expecting much when it comes to the latest interest rate decision from both the Bank of England, but anticipation is high around the ECB in terms of what [...]
AO World trumps expectations with first annual results as a listed company

June 5, 2014

In its first set of full-year results as a listed company, AO World has reported that revenues jumped 40 per cent to £384.9m over the 12 months. Analysts Numis this morning called the results “solid”, reiterating its positive outlook and buy recommendation for shares. Earnings before interest, tax, depreciation and amortisation came in slightly above [...]
What you need to know before the US open

June 4, 2014

US stock futures inched lower this morning, with investors steering clear of large bets. They’ll no doubt need to chew over the latest jobs and trade numbers out today – both headline numbers disappointed. The latest survey from payroll processor ADP shows that 179,000 jobs were added in May – proof that the economy is [...]
Pictures: Take a look inside John Lewis’ first ever airport store at Heathrow

June 4, 2014

Heathrow's new Terminal 2 has greeted its first passengers this morning, with the first inbound flight from Chicago arriving at 5.49am. And ready to welcome outbound passengers was John Lewis, marking the opening of its first ever airport shop. Doors opened at 5.30am this morning, as passengers heading to Washington came through the newly refurbished [...]
The Queen’s Speech: Here’s what happened

June 4, 2014

The Queen delivered her speech to MPs and Lords in Westminster this morning. Here's a recap of what happened: Two pension bills: One gives pensioners new freedoms to cash in pension pots and not buy annuity, and the other will cover collective schemes. Childcare: The existing employer-funded childcare scheme is to be replaced by a state-subsidy worth [...]

Stagflation to batter UK economy as growth grinds to halt

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Harriet Green

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