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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Are we stuck with the “wrong sort of growth”? Maybe not

February 26, 2014

Our economy has bounced back over the last 12 months – no doubt about it. But is this welcome resurgence built on shaky ground? Critics have pointed out that the growth often appears to be fuelled by consumer spending and a somewhat warped housing market. Hardly reassuring. Such fears were brushed off last month by [...]
Here’s what 3 banks are saying about Tesco’s latest turnaround plan

February 26, 2014

Tesco’s shares are down more than four per cent, after the supermarket chain scrapped its profit margin target and laid out plans to invest in lowering its prices, prompting analysts cuts their ratings and price targets. Deutsche Bank cut its earning before interest and tax (EBIT) forecast of a £50m decline in the year to [...]
Forex broker FXCM UK slapped with £4m FCA fine

February 26, 2014

The Financial Conduct Authority (FCA) has fined Forex Capital Markets and FXCM Securities (FXCM UK) £4m for allowing the US-based FXCM group to withhold profits of around £6m, which should have gone to UK clients. FXCM UK also failed to tell the regulator that US authorities were probing another part of the group for the [...]
HSBC sells Kazakh operations for $176m

February 26, 2014

HSBC has just exited Kazakhstan, selling up its operations in the country. The bank announced today that it’s sold its Kazakh operations to JSC Halyk Bank – Kazakhstan's second-biggest lender – for $176m (£105.5m) in cash. The move comes four years after it bought RBS’s business there, in an attempt to exploit fast-growing markets. But [...]
Taylor Wimpey announces special dividend on profit jump

February 26, 2014

Taylor Wimpey is the latest house builder to report impressive results on the back of a surging housing market. The developer saw profit before tax jump 47.6 per cent last year, to £268.4m. It said it saw a “significant step in both interest levels and sales rates” because of Help to Buy. It said it [...]
What you need to know before the open

February 26, 2014

Markets are set to open mixed this morning ahead of UK GDP data, and with China fears pulling down metal prices. US markets finished a touch lower yesterday, but have weathered well the string of unimpressive data the country’s seen. Over in Asia, the Nikkei came down from a 4-week high, tainted by US data, [...]
Petrofac sees modest growth but reiterates cautious outlook

February 26, 2014

Petrofac saw modest growth in net profit last year, up three per cent to $650m (£390m). But the oil and gas services firm expects little growth if any this year before heading back to increased earnings in 2015. The British company says it expects to deliver “flat to modest growth” in net profit in 2014. [...]
Strong demand for European property gets Kennedy Wilson off to a flying start

February 25, 2014

There was much excitement this afternoon about the first day's trading in London in the shares of Kennedy Wilson Europe, part of a Beverley Hills, California-based property group that has raised £1.1bn to invest in European properties. Earlier this month the group said it planned to raise between £500-750m from investors but decided to go [...]
London’s Gotham City tower is approved

February 25, 2014

Plans for a £400m office scheme nicknamed 'Gotham City' have been granted planning permission by the City of London, developer Henderson Global Investors confirmed today. The Make-designed scheme at 40 Leadenhall Street, which was inspired by the same US neo-gothic architect that influenced Tim Burton’s Batman movies, will be one of the UK’s biggest office [...]
What you need to know before the US open

February 25, 2014

Housing and retail are in focus today, with figures just in. House prices are still rising, but the pace has moderated a bit. The house price index for December increased 0.8 per cent – a revised figure showed they fell 0.1 per cent in November. The S&P/Case-Shiller indices rose 13.4 per cent in the month. [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Harriet Green

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