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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Viacom confirms it’s buying Channel 5 for £450m

May 1, 2014

MTV owner Viacom has agreed today to buy Channel 5, following an auction of the UK broadcaster which began last year. The £450m price values Channel 5 at around nine times last year’s reported earnings before tax, depreciation and amortisation. Viacom will be the first US firm to control a British public service broadcaster. Viacom’s [...]
BG Group stresses lower output as it warns on continued hit from Egypt

May 1, 2014

Just a few days after losing chief executive Chris Finlayson, BG Group has reported a 10 per cent drop in pre-tax profits in the first quarter, to £1.9bn. Ongoing problems in Egypt will hit its oil and gas production volumes this year and next, the FTSE 100 firm said. Shares fell almost one per cent [...]
What you need to know before the open

May 1, 2014

A flat open is expected this morning after a further taper from the Fed yesterday. Investors didn’t seem to focus too much on the weather-induced shock drop in first quarter growth in the US – to just 0.1 per cent, looking instead at the more confident Fed statement, strong ADP employment report and Chicago manufacturing [...]
Lloyds reports 22pc jump in first quarter profits

May 1, 2014

Lloyds Banking Group has shown this morning that its profitability continues to improve. In the first quarter, underlying profits rose 22 per cent to £1.8bn, from £1.5bn last year. Chief executive Antonio Horta-Osorio says a stronger, lower-risk balance sheet is helping the bank to power forward, calling Lloyds "well positioned to support and benefit from [...]
Any Other Business – 01/05

May 1, 2014

IT’S MAY Day, which only means one thing – protests at Trafalgar Square. City botherers Occupy London have been banging their drums again and this year they’ve decided to target pay-day lender Wonga. The group is planning its usual march from Clerkenwell Green to Trafalgar Square and then on to an undisclosed target. “People will need [...]
The stranglehold that’s closing in on Airbnb

April 30, 2014

Airbnb is a company thriving on the sharing economy. The online platform enables people to rent out space in or their entire home to someone else for a short-term stay. Gluing traditional house swap sentiment with a growing appetite for sharing and localism, it gives people the opportunity to make money when it’s tight, and [...]
What you need to know before the US open

April 30, 2014

Weather-hit growth figures are expected to weigh on the open today, with yields on US government bonds falling after the report, along with the dollar. Fed policymakers are still meeting to discuss further tapering to its asset repurchasing programme, with the upshot expected at 7pm. US growth almost ground to a halt in the first [...]
Heritage Oil shares soar on Qatari bid

April 30, 2014

This morning, Heritage Oil announced it’s to be bought by Qatar’s Al Mirqab for £924m. Shares have rocketed over 22 per cent on the news. Heritage’s board has recommended a share offer of 320p per share – a 25p premium on yesterday’s closing price – to the investment fund, which is owned by Qatar’s royal [...]
Saga confirms £550m IPO plans

April 30, 2014

Over 50s travel specialist Saga has confirmed this morning that it’s planning to go ahead and float on the London Stock Exchange. The firm, which also sells insurance and has 2.1m customers, joins a growing line of other companies going to market. It’s said it’s looking to raise net proceeds of £550m through its initial [...]
Shell sees earnings plummet after impairment charges

April 30, 2014

It’s the first set of results for new chief executive Ben van Beurden and, in the first quarter, Shell saw a 36 per cent drop in income before tax, down to $8.6bn (£5.1bn) from a year earlier. But shares have gained over three per cent this morning, to their highest since 2012. With several numbers [...]

Tech bosses line up for Cabinet under new Whitehall plans

Fury: The real fight is not in the ring or ad spend, but brand alignment

Why I love hotel restaurants – and two of my favourites

By: Harriet Green

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