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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Europe’s biggest banks to face bills of up to €15m under ECB supervision

May 27, 2014

The largest banks in Europe will pay out up to €15m each to be supervised by the European Central Bank (ECB), the lender said today. In a statement on the draft consultation published today, it said that it expects the costs incurred, in its new role as the bloc’s only banking supervisor, to amount to [...]
AG Barr’s chairman Ronnie Hanna steps down as sales rise

May 27, 2014

Drinks maker AG Barr has announced that its chairman, Ronnie Hanna, is retiring at the end of this year. Board member John Nicolson will take over the role, with immediate effect. Hanna has been chairman for five years, on the board for 11 years. Nicolson, meanwhile, has been on the board since January of last [...]
What you need to know before the open

May 27, 2014

After a day out of the loop yesterday, the FTSE will be playing catch up with European markets, which saw a strong session yesterday. The European and Ukraine elections don’t appear to have affected equities too much. Several bourses saw encouraging gains, with the Dax posting a record high. Eyes are still on European Central [...]
AstraZeneca releases statement on Pfizer’s pulled £69bn bid

May 27, 2014

AstraZeneca has released a statement this morning confirming Pfizer’s shelving of its controversial takeover bid for the UK drugs firm. Yesterday, US Pfizer confirmed it's dropped the £69bn approach. It will now have to wait until the end of November, should it want to make another offer for Astra. Chairman Leif Johansson commented: We note [...]
Any Other Business – 27/05

May 27, 2014

GOLDEN boy of the bestselling book charts, Thomas Piketty (below), fell from grace somewhat last week, after the FT gave his economic tome Capital in the Twenty First Century a good fisking and found his calculations wanting. Piketty isn’t the first published professor to come unstuck with his sums though. Last year, professors Carmen Reinhart [...]
What you need to know before the US open

May 23, 2014

A subdued start’s expected for US markets, ahead of home sales numbers, and after European counterparts headed lower on the back of a slip in German business confidence. Stock futures inched higher this morning. All eyes will be on the new house sales numbers, due out at 3pm. The numbers are of heightened importance, given [...]
HP accidentally released its results early, but this bank’s still impressed

May 23, 2014

Something of a gaffe for IT firm Hewlett Packard (HP) yesterday. It accidentally released its earnings early with a press release, while the stock market was still open. Speaking to analysts on a conference call yesterday, chief executive Meg Whitman apologising for the slip-up: Before we go to questions, I'm sure you all noticed that earlier today, [...]
What you need to know before the open

May 23, 2014

A mixed open for European markets this morning, with sentiment constrained amid EU and Ukrainian elections. Ukrainian authorities have said over a dozen servicemen were killed yesterday while clashing with pro-Russian separatists. First quarter growth in Germany’s come in as expected, at 0.8 per cent. Year-on-year, that puts the GDP figure at 2.5 per cent [...]
Govia wins rail contract that’ll bring 10,000 more seats during rush hour

May 23, 2014

The busiest rail routes in London and the South East are to get three new state-of-the-art train fleets. Govia Thameslink Railway has bagged a seven-year government contract, which includes building 1,400 electric carriages. This’ll increase capacity by over 50 per cent, supplying 10,000 extra seats every weekday into central London during the rush hour by [...]
Ten years after Dasani debacle, Coca-Cola to bring UK “smartwater”

May 23, 2014

Remember Dasani, Coca-Cola’s move into the bottled water market that saw it sell purified tap water from Sidcup at the then-premium price of 95p a bottle? Well, a decade after that rather embarrassing episode, and the drinks giant is taking another punt here, expected to launch a new product called “glaceau smartwater”. According to The [...]

Service sector profits continue long decline

Sheffield Wednesday: New buyers sought after £40m takeover collapses

London is the best food city in the world – here are 3 reasons why

By: Harriet Green

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