By: Harriet Green

I am CityAM'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 CityAM, I ran a social enterprise.

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Abu Dhabi and Dubai stock exchanges merger on the cards

October 2, 2013

As first reported by Reuters, Dubai and Abu Dhabi are contemplating a merger of their two main stock exchanges and have hired banks to advise them in the state-backed deal. Abu Dhabi has hired investment bank J.P. Morgan Chase and First Gulf Bank to advise on the merger of the two bourses (the Dubai Financial Market [...]
UK investment expenditure hits 1950s low

October 2, 2013

The Office for National Statistics' (ONS) monthly Economic Review reiterated that the economy grew by 0.4 per cent in July and output is now 1.5 per cent higher than at the beginning of the year. (Release) But the October report also highlighted the surprising fact that the total expenditure accounted for by spending on investment [...]
Buy out of Peruvian assets for Hochschild Mining

October 2, 2013

Precious metals company Hochschild Mining has announced its plan to raise up to $96m (£60m) to fund buying the remaining 40 per cent stake in its Peruvian assets. (Release) The full cost of the acquisition stands at about $280m. Latin American Hochschild has a 60 per cent interest in the Peruvian Pallancata mine and the [...]
Rosy results for Sainsbury’s with increased sales, stores and new mobile service

October 2, 2013

Sainsbury's has reported strong sales which have delivered continued outperformance, with total sales for the second quarter up five per cent (4.6 per cent excluding fuel). (Release) Like-for-like sales for the same period were up 2.1 per cent (2.0 per cent excluding fuel), with total sales for the first half of 2013 coming in up [...]
Tesco to swell presence in China but profits are sliding

October 2, 2013

Tesco has announced it's to join forces with China Resources Enterprise (CRE) to create the leading multi-format retailer in China. (Release) The companies have entered into definitive agreements to combine their Chinese retail operations. The joint venture will see Tesco's 134 Chinese stores – as well as its Chinese shopping mall business – combine with [...]
What you need to know before the open – 02/10

October 2, 2013

Most analysts are seeing the rebound in the markets yesterday as a sign that most believe US politicians will come to their senses sooner rather than later, with the hope that the head bumping won't become entwined with debates over the debt ceiling. European markets will this morning, however, be muted by uncertainty emanating from [...]
Any other business – 02/10

October 1, 2013

Hines’ Cannon Place in the City may have taken more than two years to woo its first tenant but the office block was last night given the glitzy award of the “best commercial workplace” in the country at the British Council for Offices (BCO) National Awards. Meanwhile, Jimmy Choo’s new headquarters at 123 Victoria – [...]
Virgin annual report for Vatican bank

October 1, 2013

The Vatican's bank has published its first-ever annual report today, showing earnings in 2012 were €86.6m (£72.3m) – four times higher than in 2011. The report comes as the bank, which was founded in 1942, tries to distance itself from a rather murky past – in a bid to become more transparent, as part of Pope Francis' reform [...]
Productivity estimates for education highest in 2011 says ONS

October 1, 2013

(Office for National Statistics) Figures published this afternoon suggest annual productivity in education has grown, reaching its highest yet in 2011 – the last year looked at. (Release) The study, which looks at publiuc service productivity growth in publicly-funded education measures productivity growth by comparing growth in the total amount of education output (teachers, services [...]
Nestle says brands overhaul looks likely

October 1, 2013

There are portfolio decisions for Nestle to make as world's largest food company identifies businesses that have underperformed for too long. As first reported by Reuters, chief executive Paul Bulcke said today that there are shortlists for businesses that can be fixed and some that cannot. No specific brands were mentioned. In a meeting with [...]

Mayor Khan makes case for London to host Joshua vs Fury boxing bout

Mayor Khan makes case for London to host Joshua vs Fury boxing bout

Volkswagen Transporter Sportline 2026: The van that wants to be a VW Golf GTI

By: Harriet Green

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