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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What you need to know before the open

April 25, 2014

Fears that the crisis in Ukraine will escalate are expected to see European markets open lower today. Signs of growing corporate takeover activity strengthened confidence yesterday, offsetting the persistent worries for a time. US secretary of state John Kerry has called on Moscow to either work towards diffuse the situation in Ukraine, or face more [...]
RBS’ plan to pay bonuses twice that of salaries blocked by UKFI

April 25, 2014

RBS has said this morning that the UKFI, the body that manages the government’s 81 per cent stake in it, has confirmed it’d block a proposal which would mean the bank could pay bonuses twice that of employees’ salaries. From the statement: UKFI has informed the Board that it will vote against any resolution which [...]
S&P downgrades Russia to BBB-

April 25, 2014

Standard and Poor’s has cut its credit rating for Russia to BBB- – the lowest investment grade. The reason for the downgrade to a notch above "junk" is owing to large capital outflows from the country and worsening economic risks, the credit rating agency said, as the situation over Ukraine becomes more tense. It maintains [...]
The phone-led revolution paving the way to the end of illiteracy

April 24, 2014

Illiteracy is a big problem in many of the world’s developing countries. And even if you can read and write, to be able to read regularly, you need access to books and money to pay for those books. In Japan, where 99 per cent of people can read, there is one library for every 47,000 [...]
Receivers called in as London’s Gherkin goes into administration

April 24, 2014

What a pickle. Deloitte has just announced that it’s been appointed as receivers for the Gherkin, formally known as 30 St Mary Axe. Phil Bowers and Neville Kahn, both of Deloitte, have been appointed Joint Receivers. They’ve said that adverse interest rate and currency movements have seen the senior liabilities secured by the property increase [...]
What you need to know before the US open

April 24, 2014

US markets are expected higher today, buoyed by the tech results released last night. Apple’s jumped 8.3 per cent in pre-market trading. Data wise, orders for durable goods rose 2.6 per cent in March, above expectations and pointing to a lift in business investment. Initial jobless claims, however, increased by 329,000 last week, reflecting the [...]
Business confidence in Germany picks up in April

April 24, 2014

The positive mood among German businesses improved in April, according to the latest data from think-tank Ifo, with a reading of 111.2 – from 110.7 in March and economists’ prediction of a slip to 110.5. The results, say Capital Economics, point to further recovery, reversing last month's fall. Current assessment came in at a solid [...]
AstraZeneca keeps schtum on Pfizer approach as profits plunge

April 24, 2014

The UK’s second-largest drugs firm has announced its quarterly earnings this morning, making no mention of the reported £60bn bid approach from US pharma giant Pfizer. AstraZeneca said profit before tax fell 50 per cent to $638m (£380m) in the first quarter of 2014, from $1.3bn a year earlier, as it felt the loss of [...]
Former Pru chief Prettejohn appointed Scottish Widows chair

April 24, 2014

Lloyds Banking Group has confirmed the appointment of Nick Prettejohn, former chief executive of Lloyd’s of London and Prudential UK and Europe, as chairman of Scottish Widows Group. Prettejohn, who’s also been on the board of the Prudential Regulation Authority and is a member of the BBC Trust, will take up his role in June. [...]
What you need to know before the open

April 24, 2014

A higher open’s expected for European markets this morning, following the strong results from Apple and Facebook and despite yesterday’s negative finish. Germany’s latest IFO business survey is expected to be slightly weaker for April, although the positive manufacturing data seen yesterday could also mean a stronger-than-expected surprise. That said, ongoing weakness in China and [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Harriet Green

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