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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Charles Woodburn has been confirmed as BAE Systems’ new chief executive

February 22, 2017

Charles Woodburn will replace Ian King as chief executive of BAE Systems, the company has confirmed in a statement. Currently BAE's chief operating officer, Woodburn will replace the retiring King effective 1 July. Woodburn joined the firm in May 2016 with 20 years of international experience in senior management positions in the oil and gas industry. His appointment to [...]
British Gas is rolling out a new loyalty scheme to reduce bills and give customers perks like Sky TV

February 22, 2017

British Gas today announced it will invest £100m in a loyalty programme that reduces bills and partners with companies like Sky to bring fresh deals to its customers. The Centrica-owned energy firm said British Gas Rewards will launch in April for all of its customers. They'll be able to select from a new range of personalised benefits, including discounted [...]
Toshiba’s shares are finally making gains as its chip business reels in suitors

February 22, 2017

Toshiba's shares closed more than 22 per cent higher after Japanese trading today on news rivals are interested in its chip business. A Nikkei Business Daily report suggested the troubled Japanese conglomerate has asked potential bidders to value its prized memory chip business at 2 trillion yen (£14.1bn) in a bid to maximise income from the sale. [...]
Airbus beats forecasts despite facing turbulent times with a fresh charge to its military aircraft programme

February 22, 2017

European aerospace group Airbus beat analyst expectations despite revealing its earnings took a huge hit thanks to its embattled A400M military aircraft programme. The figures France-based Airbus booked a fresh €1.2bn (£1bn) charge on its A400M programme, bringing the total for last year to €2.2bn – and the total since the project was launched more than a decade ago now sits [...]
Swiss ABB will take a multi-million dollar charge due to fraud in its South Korea unit

February 22, 2017

Swiss engineering firm ABB said it will likely take a $100m (£80m) pre-tax hit in its 2016 results after uncovering criminal activity in its South Korean subsidiary. "ABB has uncovered a sophisticated criminal scheme related to a significant embezzlement and misappropriation of funds in its South Korean subsidiary," the power and automation company said in a statement. The [...]
Oil prices are climbing as Opec claims it will deliver further output cuts

February 21, 2017

Oil prices have climbed today as Mohammad Barkindo, secretary general of the Organisation of the Petroleum Exporting Countries (Opec), said the group and non-members including Russia will boost compliance with agreed oil production curbs. Benchmark Brent crude prices are trading 1.73 per cent higher, or $0.97, at $57.15 per barrel. West Texas Intermediate prices are up [...]
Scottish craft brewer Innis & Gunn is now distributing in China and other Asian markets

February 21, 2017

The UK's second-largest craft brewer Innis & Gunn today announced its beers will soon be available in Asia – the world's largest beer market. The Scottish brewer today announced a deal with Dxcel International to distribute its beer to the on and off-trade markets in mainland China, Hong Kong, Macau and Taiwan. The deal focuses on the brewer's flagship [...]
Bacanora Minerals eyes the European electric car industry with its acquisition of a German lithium business

February 21, 2017

Shares in Bacanora Minerals have lifted today on news the firm has gained a foothold in Europe's lithium market. The resource developer has agreed to acquire a 50 per cent stake in and joint operational control of a German lithium project. The Alternative Investment Market (Aim)-listed firm's shares were up 8.96 per cent at 83.9p in afternoon trading. [...]
Russian mining giant Rosneft agrees to a deal with the NOC to increase Libyan oil production

February 21, 2017

Russia's top oil producer Rosneft has struck up an oil exploration deal with the National Oil Corporation (NOC) of Libya. The NOC is working to encourage more foreign investment and ramp up Libyan output, the NOC said in a statement. “We need the assistance and investment of major international oil companies to reach our production goals and [...]
Wood Group’s profit plummeted due to a “very challenging” oil and gas market

February 21, 2017

Wood Group's shares have tumbled after it reported a 62 per cent fall in its 2016 profit as weak oil prices causing producers to cut spending. The figures Shares in the FTSE 250-listed oilfield services company plummeted as much as 11 per cent in morning trading when it revealed its profit for the year ended 31 December 2016 dropped 61.8 [...]

Man City boss Guardiola calls for better society after Ratcliffe immigrants row

Six Nations: What is the Calcutta Cup and how many trophies can teams win?

The problem with The Real Housewives of London: Where’s the old money?

By: Courtney Goldsmith

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