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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Regulator fines Invesco £18.6m for risk failings

April 28, 2014

The Financial Conduct Authority (FCA) has said it’s fined Invesco Perpetual £18.6m for failings in fund management. The country’s largest investment manager exposed investors to a greater level of risk than they’d been led to expect, the regulator said, and, between May 2008 and November 2012, it failed to comply with investment limbs designed to [...]
AstraZeneca speaks out: Pfizer bid “undervalued” company

April 28, 2014

AstraZeneca has responded to the announcement from Pfizer this morning regarding a second takeover bid from the US pharma giant. The UK firm has said that the initial bid, made by Pfizer in January, “very significantly undervalued” it and its prospects. It was also concerned about the size of the share component of the bid, [...]
Eurotunnel to slash track charges by 50pc after European probe

April 28, 2014

Eurotunnel’s announced that it’ll reduce track access charges by up to 50 per cent, following an investigation by the European Commission (EC). The move could see rail freight in the tunnel double over the next five years, to 5,000, the EC's said. The 1994 tunnel sees seven freight trains go through it every day, meaning [...]
What you need to know before the open

April 28, 2014

European markets are expected lower this morning, hit by further sanctions being set out by G7 nations against Russia. Officials have accused Russia of deliberately exacerbating the current situation in Ukraine. Further travel restrictions and asset freezes on a further 15 individuals are expected to be imposed by the EU today. The lift markets got [...]
Pfizer confirms takeover interest in AstraZeneca

April 28, 2014

US drugs maker Pfizer has confirmed it’s approached UK rival AstraZeneca regarding a possible takeover bid. Shares in the latter have leapt 15 per cent on the announcement. Pfizer says the deal would "bring together highly complementary businesses, enhancing the combined company's ability to meet patients' needs." Shareholders would see “a significant premium” on the [...]
What you need to know before the US open

April 25, 2014

US stocks futures suggest a lower open for markets, following Amazon and Ford falling in pre-market trading, on the back of their quarterly earnings reports. More optimistic numbers from Microsoft failed to outweigh the slightly more negative sentiment, which has been reinforced by escalating tensions in Ukraine. Corporate news Nokia has confirmed its delayed deal [...]
Any Other Business – 25/4

April 25, 2014

THERE’S hardly a firm in the City that doesn’t know what it’s like to make cuts and when Balfour Beatty was faced with making 20 per cent reductions, it turned to management consultancy Boxwood to help. Last night it reaped the rewards, or more, the awards – as they won Project of the Year at [...]
BoE and regulator announce new complaints commissioner

April 25, 2014

The Bank of England and the Financial Conduct Authority (FCA) have today announced that Anthony Townsend has been appointed at new complaints commissioner. The independent role has responsibility for conducting the final stages of investigations into complaints about how the FCA and the Bank exercise their relevant functions. Prior to taking the position, Townsend was [...]
UK retail sales jump unexpectedly in March

April 25, 2014

Shoppers in the UK have been buying more than expected, particularly when it comes to clothes and shoes, with retail sales increasing 0.1 per cent in March and 4.2 per cent year-on-year. Month-on-month, that’s down from the 1.3 per cent increase seen in February (which was revised down from 1.7 per cent), but well ahead [...]
City & Gild: Time to get back on track

April 25, 2014

So, as I was dozing-off watching another lack-lustre F1 race this past weekend (Bernie is right, it’s missing the awe and thunder), I was briefly awakened by the exchange between Red Bull’s lead driver – Sebastian Vettel, and his team. For those of you who were also asleep, the world champion was asked to let [...]

Starmer not told Mandelson was denied security clearance

Trump-hating Fifa World Cup fans should have costs paid if denied visa

Avenue Q is wonderfully lawless chaos (with very rude puppets)

By: Harriet Green

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