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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City & Gild: Why we should celebrate the sale of British brands

May 23, 2014

I have been following the Pfizer AstraZeneca shenanigans with fascination and interest. From what I can gather, a big American pharmaceutical company wants to buy a big British pharmaceutical company to become the biggest pharmaceutical company in the world. Lots of people are outraged because yet another British business is to be sold off to [...]
London’s Heron Tower just got a really boring new name. Thank you, Salesforce

May 22, 2014

Salesforce.com, the US cloud software giant, is renaming Heron Tower in the City of London ‘Salesforce Tower London’. It’s not the catchiest of names but then, unlike some of its fellow skyscraping neighbours – the Cheesegrater, WalkieTalkie, Gherkin – Heron's never been christened by the public with an endearing moniker. George Hu, Salesforce’s chief operating [...]
What you need to know before the US open

May 22, 2014

Investors will be taking time to digest the latest job numbers today, with stocks futures flat ahead of the weaker-than-expected numbers. Initial jobless claims for last week rose more than expected – to 326,000 from 298,000 the week before. Analysts had been expecting 310,000 people to sign on for the first time. Focus will shift [...]
The man with $33bn to spend on property

May 22, 2014

Karsten Kallevig is the head of real estate at the world’s largest sovereign wealth fund, Norges Bank Investment Management. And that means he’s got at least $33bn (£19.6bn) to spend on expanding its real estate portfolio, Bloomberg reports. The $860bn Norwegian fund, used to deposit the country’s petroleum revenue, got the go-ahead to move into [...]
Wonga loses second boss in six months as Niall Wass quits

May 22, 2014

Niall Wass, chief executive of Wonga, is stepping down. Chief financial officer Tim Weller is taking over as interim boss of the online lender – its third boss in six months. Weller is effectively on short term loan from his position as the firm's CFO, so the company is likely to have its fourth boss [...]
What you need to know before the open

May 22, 2014

With no surprises from the Fed’s open market committee meeting minutes last night, European markets are expected higher, although investors will be focusing on European PMI numbers out today. Again, the worry is that the numbers will reinforce concerns over growth for the second quarter, with powerhouse economy Germany even beginning to show signs of [...]
Royal Mail share price drops 5pc as chief warns on threats to business

May 22, 2014

Royal Mail has reported some pretty healthy full-year results, although fears for the long-term security of the business have been compounded by words of warning from chief executive Moya Greene this morning. The company, which floated last October, experienced a 83 per cent leap in reported profit before tax, to £1.6bn. Revenue increase two per cent, [...]
Any Other Business – 22/05

May 22, 2014

VETERAN fund manager Patrick Evershed is off to Birmingham Town Hall today to celebrate the 100th anniversary of the foundation of Eversheds, one of the world’s largest corporate law firms, by his grandfather Edward. Patrick Evershed, who has been suffering from poor health, will travel up with his family for a black-tie dinner with 100 [...]
What you need to know before the US open

May 21, 2014

US markets are expected higher today, as investors await the most recent Fed minutes and a speech from chair Janet Yellen. European bourses have edged up ahead of the release, too. On the data front, mortgage applications increased 0.9 per cent last week, boosted predominantly by people waiting to refinance existing mortgages, rather than take [...]
The stiff competition facing Royal Mail

May 21, 2014

Ahead of its first set of full-year results as a listed company tomorrow, Royal Mail’s announced it’s going to trial delivering parcels on Sundays. Later this summer, it’ll open about 100 offices on Sunday afternoons for customers to pick up parcels. It’ll also pilot delivering parcels within the M25; and from June, Parcelforce Worldwide, its [...]

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By: Harriet Green

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