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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Russia hikes key interest rate to 7pc

March 3, 2014

Russia’s central bank has said it’s upping its benchmark interest rate by 1.5 percentage points to seven per cent, as the rouble drops to a record low this morning to 36.90 per dollar. The move is in response to increased levels of volatility in financial markets, the bank said, and comes into immediate effect. "The [...]
What you need to know before the US open

February 28, 2014

US markets are set to open lower, as investors take a moment to digest the helping on economic data in today. A second revision from the Department of Commerce showed economic growth slowed to 2.4 per cent in the fourth quarter of 2013. Chicago PMI, yet to be released, is expected to show a slide [...]
US growth revised down to 2.4pc

February 28, 2014

Growth in the US slowed in the fourth quarter, revised down to 2.4 per cent in a second estimate from the Department of Commerce. Analysts had estimated a GDP reading of 2.5 per cent. Falling consumption and exports hit economic expansion. The slowdown followed 3.2 per cent growth in the third quarter.
Poundland and Pets at Home flotation offer prices unveiled

February 28, 2014

Following a string of flotation announcements, IPO details are starting to come in from some companies. High street discount store Poundland has decided on a share offer price range of 250-300 pence, reports Reuters. The amount gives the company an implied market value of £625-750m when it lists on the stock exchange. Poundland is 76 [...]
Ukrainian minister accuses Russia of “armed invasion”. Here’s what you need to know

February 28, 2014

Armed, unidentified men are blockading Sevastopol’s military airport in Crimea, with interior minister Arsen Avakov accusing Russian naval forces of occupying the Russian-majority region. Writing on Facebook, he called the situation an “invasion and occupation”, adding that no conflict has yet taken place. The Russian navy has denied involvement. Ukraine border guards have said more [...]
FCA confirms new rules for payday lenders

February 28, 2014

The Financial Conduct Authority (FCA) has this morning confirmed the new rules it's imposing on payday lenders and debt management companies. The rules respond to persistent calls from government and third sector groups to regulate the industry and drive out unscrupulous lenders. The clampdown on the consumer credit market, which is worth £200bn a year, [...]
Ukraine central bank limits foreign currency withdrawals

February 28, 2014

Ukraine’s central bank has limited foreign currency withdrawals from banking deposits to 15,000 hryvnia (£820) per day, in an attempt to stabilise the fast-weakening currency. Ukraine has said it needs $35bn over the next two years to keep bankruptcy at bay. This morning's announcement by new central bank governor Stepan Kubiv comes after the country’s currency reserves [...]
Serco shares rocket on appointment of Aggreko chief

February 28, 2014

Scandal-hit Serco has announced this morning that it’s appointed Rupert Soames, current chief executive (CEO) of Aggreko, as its new CEO. Shares have jumped over 10 per cent on the news. Source: Google Chris Hyman, the company’s last boss, left in October, following the string of fiascos concerning the electronic tagging of prisoners. Last [...]
Old Mutual shares jump on IPO confirmation and Intrinsic acquisition

February 28, 2014

Old Mutual has posted promising 2013 results this morning, announcing it’s bought adviser firm Intrinsic for an undisclosed amount. The international group also confirmed it’s taking its US Asset Management business to market, with a minority initial public offering this year. Last year, it saw reported profit before tax of £1.5bn – a 9.5 per [...]
What you need to know before the open

February 28, 2014

European bourses are set to open slightly higher this morning, after Fed chair Janet Yellen yesterday acknowledged the possibility that recent severe weather in the US could have impacted economic data. She also confirmed the Fed remains on track with its tapering programme. US markets finished on a record high yesterday, with the S&P 500 [...]

Sunderland AFC chiefs in Stadium of Light expansion talks

Sunderland AFC chiefs in Stadium of Light expansion talks

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Harriet Green

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