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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British nationals will be exempt from Trump’s travel ban, foreign office says

January 29, 2017

Foreign Secretary Boris Johnson tonight said UK nationals will be exempt from US President Donald Trump's executive order banning travel from seven majority Muslim countries. UK nationals who are travelling to the US from one of the seven countries, which include Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, will not be barred entry even if [...]
Theresa May in China

January 29, 2017

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Analysts expect disappointing results from AstraZeneca as competition hits sales

January 29, 2017

AstraZeneca is forecast to report disappointing results this week as competition continues to drag on sales. Revenue will slip six per cent while pre-tax profits fall seven per cent to $6bn, the drugs giant is expected to say in its annual results according to reports. The decline in revenue is due to increased competition in its core business as cheaper versions of drugs like [...]
Shell is expected to report huge annual profit gains as oil prices recover

January 29, 2017

Royal Dutch Shell's annual profits are expected shoot up following last year's dramatic 80 per cent decline as oil prices continue to inch up. The oil giant is forecasted to post a profit of $8.17bn (£6.51bn), more than double its profit of $3.8bn the previous year, the Telegraph reported. The Anglo-Dutch business is also expected to announce the latest development in its drive to [...]
Industrials firms are expected to make a comeback on Aim in 2017

January 26, 2017

Miners and oil and gas companies are expected to make a comeback on the junior flotation market in 2017, but realistic pricing and high quality prospects will be critical to their success, new research suggests. A much improved initial public offering (IPO) market is expected for industrials firms as commodity prices continue to rise, Alternative Investment Market [...]
Polymetal shares slide on rising costs in the year ahead

January 26, 2017

Shares in Polymetal slid more than six per cent following news that production was broadly in line with targets but costs will go up in the year ahead. Polymetal, which has mines in Russia, Kazakhstan and Armenia, said it delivered a "strong performance" in the fourth quarter of 2016, producing 375,000 ounces of gold equivalent, a 21 per cent increase, bringing total production for the year to [...]
Anglo American’s overall output is up, but copper production continues to struggle

January 26, 2017

Anglo American said overall output had increased across its mines in the fourth quarter, but lagging copper production continued to drag the mining giant down. Shares initially fell in morning trading but now remain broadly flat. Copper production decreased by 19 per cent to 146,600 tonnes for the fourth quarter ended 31 December, mostly at its Los Bronces mine due [...]
Shell has won its legal battle over oil spills in the Niger Delta

January 26, 2017

Royal Dutch Shell today won a High Court decision in which the English court said it does not have jurisdiction to rule on claims against the company's Nigerian subsidiary. UK solicitors Leigh Day brought oil spill claims against the Shell Petroleum Development Company of Nigeria (SPDC) on behalf of the Ogale and Bille communities in the Niger Delta in 2015, while also filing claims [...]
Lonmin’s shares are plummeting as its latest production report reveals a “disappointing” first quarter

January 26, 2017

One of the world's largest platinum producers today said labour issues and falling output led to a "disappointing" first quarter. Lonmin fell to the bottom of the FTSE all-share after it announced its production results for three months to 31 December 2016. Shares were down 14.85 per cent at 150.50p in afternoon trading. A "disappointing" quarter The South [...]
Deals from energy providers are rising as Britain’s cheapest rate has gone up £100 in six months

January 26, 2017

The cheapest energy deal on the market has risen £100 – 14 per cent – in just six months, new data suggests. An analysis of the market showed the cheapest deal in July 2016 was Iresa's Flex 1 tariff, costing £734 per year. Now, the best deal is Iresa's Flex 4 tariff, which costs £834 per year, found [...]

Modernisation and missteps: Lloyd’s of London struggles for a new era

New York Knicks could be first publicly traded NBA team in 24 years

Hirundine whisky: Pierre Schoeman and Duhan van der Merwe unveil 38-year-old masterpiece

By: Courtney Goldsmith

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