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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Walkie Talkie owner more than doubles profit but warns of supply squeeze

May 15, 2014

Walkie Talkie tower owner Land Securities says it’s “reaping the reward” of its “bold strategy to develop early and speculatively in London”. The developer’s seen profit before tax rocket 108 per cent to £1.1bn over the last year. Basic net asset value per share jumped 11.5 per cent to 1.069p, as it’s enjoyed the increasingly [...]
Any Other Business – 15/05

May 15, 2014

DO YOU remember a few years ago when the Queensland Tourist Board was offering “the best job in the world” to one lucky applicant? The job role was island caretaker, and all you had to do was sit on an island, write the odd blog and remember to fill your esky with tinnies. Well, it’s [...]
What you need to know before the US open

May 14, 2014

US stocks futures have inched lower today, as investors search for reasons to push shares over and above where they’ve been for the last couple of days. There have been some positive numbers in this afternoon. US producer prices have risen more than forecast, up 0.6 per cent to an annual rate of 2.1 per [...]
Macy’s ups share buyback programme despite poor sales

May 14, 2014

Macy’s, the enduringly popular US fashion store, has reported a 1.7 per cent drop in sales in the first quarter, from a year earlier – from $6.38bn (£3.8bn) to $6.27bn (£3.7bn). Analysts had been expecting a fall of 1.3 per cent. It’s still upping its share buyback programme, though – by $1.5bn. It also increased [...]
Mike Ashley rumoured to be close to LA Fitness deal

May 14, 2014

Sports Direct founder Mike Ashley has moved to take on around 30 LA fitness sites, Sky News' City editor, Mark Kleinman, reports. The exuberant billionaire has agreed to offer a parent company guarantee to LA Fitness landlords regarding leases on the gyms, according to sources. One did say, however, that, despite a deal being imminent, things [...]
Pound hits 16-month high against euro on rumoured ECB rate cut package

May 14, 2014

The European Central Bank (ECB) is working on a package of policies for its June meeting, which include cuts to all its interest rates and measures aimed at upping lending to small and medium-sized firms, Reuters reports. A rate cut in June is “more or less a done deal”, one of the news agency’s sources [...]
China accuses UK executive in GlaxoSmithKline bribery probe

May 14, 2014

Chinese authorities have accused three GlaxoSmithKline (GSK) executives of ordering employees to bribe doctors, hospitals and medical associations, allegedly making billions of yuan in “illegal revenue”. Mark Reilly, a British national and former head of GSK in China, along with two colleagues, is alleged to have had a hand in setting up and growing the [...]
British Land sees profits jump but chief warns on political risks

May 14, 2014

British Land, the developer of the City's Cheesegrater skyscraper, has reported an 8.4 per cent jump in underlying profit before tax, to £297m, saying good portfolio decisions and improvements in the commercial property and investment markets have helped it power forward. Full-year net asset value leapt 15.4 per cent, and its UK portfolio valuation rose 8.3 [...]
What you need to know before the open

May 14, 2014

Markets are expected to pause somewhat today, keeping their powder dry ahead of the Bank of England’s inflation report. US markets hit a record high again yesterday, buoyed by hopes that the ECB will act next month to ease monetary policy. Final inflation numbers from Germany and France could give analysts some clues as to [...]
Any Other Business – 14/05

May 14, 2014

SOME of the capital’s tech heavies gathered at the LSE for the opening of the market yesterday to launch Summit: The Future of Growth, an event run by Seven Hills this Friday to talk, well, growth. Angel investor Sherry Coutu was there, along with education minister Elizabeth Truss and Decoded founder Kathryn Parsons – banging [...]

Block slashes 4,000 jobs in latest AI warning

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Harriet Green

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