By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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E.On hikes dual fuel energy prices by £97 – and the government says it’s “prepared to act”

March 7, 2017

E.On is hiking its energy prices because of increasing costs to social and environmental schemes – and ministers have responded with a word of warning to the industry. The Germany-based company said prices for dual fuel customers will rise 8.8 per cent from 26 April, affecting 62 per cent of customers, or 2.5m people. "Wherever markets are not [...]
Saudi Aramco is set to pay Shell $2.2bn to finalise the break up of a US joint venture

March 7, 2017

Saudi Aramco will pay Shell $2.2bn (£1.8bn) to finalise the split of a refining joint venture between the two firms. After the split, the Saudi oil giant's refining unit will wholly own Motiva Enterprises as well as the Port Arthur, Texas refinery – the largest in the US, which produces 600,000 barrels per day – and 24 distribution [...]
Donald Trump has taken credit after Exxon Mobil unveiled plans to spend $20bn in the Gulf Coast

March 7, 2017

Exxon Mobil has said it will invest $20bn (£16bn) over a 10-year period to expand its presence in the US Gulf Coast – and Donald Trump has taken credit. Following the announcement, a White House issued statement appeared to copy an entire paragraph from the oil firm's press release. Last night the world's largest listed energy company said it will [...]
Donald Trump has removed Iraq from the list of countries affected by his new travel ban

March 6, 2017

Donald Trump has removed Iraq from the list of countries barred from entering the US in a new executive order. The US President signed a new order today in private after his original ban on travellers from certain countries caused mass confusion and protest and was eventually blocked in courts. The new order also clears up uncertainty around [...]
Bitcoin just keeps rising – now it could reach £3,000 by the end of the year

March 6, 2017

Last week, the price of bitcoin overtook gold for the first time ever, but the cryptocurrency hasn't stopped there. The currency has risen further today – it was up $1,284.24 in afternoon trading. Adam Davies, consultant at Altus, said he believes bitcoin will edge towards £3,000 by the end of the year. "As more and more trade is taken up [...]
This is what the booze and tobacco sectors are hoping to see in the Spring Budget

March 6, 2017

The countdown is nearly over – the Spring Budget is now just two days away. Britain's beer and spirits sector has been campaigning for weeks in a bid to urge chancellor Philip Hammond to cut the beer duty while the industry grapples with cost pressures from rocketing business rates and increases to the national minimum wage. Here's [...]
Lonmin’s chief operating officer Ben Moolman has resigned after two years with the troubled miner

March 6, 2017

Ben Moolman has resigned as chief operating officer and director of Lonmin, one of the world's largest platinum miners, citing personal reasons. Moolman, who joined the mining company in 2015, will leave with effect from 5 April 2017. Lonmin did not name a successor. Chief executive Ben Magara said: "My colleagues and I would like to thank [...]
The UK’s manufacturing sector is gaining ground rapidly post-Brexit

March 6, 2017

British manufacturers beat expectations in the first quarter of 2017, helped by the fall in the value of the pound after the Brexit vote and a recovery in core European markets, a new survey found. The UK's factories are growing at their fastest pace in more than three years after initially taking a hit from the EU referendum, [...]
Demand for travel to the US has slowed amid confusion and anger over Trump’s travel ban

March 6, 2017

As Donald Trump readies his revamped travel ban, new figures show demand for travel to the US has slowed after a promising start to the year. Overall, travel bookings to the US over the next three months are down 0.4 per cent on last year. However, the day before Trump's travel ban was imposed, bookings were up [...]
Oil prices have fallen on worries China will cut demand

March 6, 2017

Oil prices fell this morning as investors worried China will cut oil demand after it reduced its growth target for 2017 to its lowest level for more than 20 years yesterday. Global benchmark Brent crude was down 0.98 per cent, at $55.35 per barrel, after it finished the previous session up 1.5 per cent. West Texas Intermediate (WTI) [...]

Tiger Woods and Rory McIlroy to launch new sports league with NFL

Two-job Townsend is on the brink but deserves break from Scotland fans

The unlikely City florist that once served the royals

By: Courtney Goldsmith

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