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

All 563 Articles

London Metal Exchange boss Garry Jones says he’ll step down with immediate effect

January 23, 2017

The London Metal Exchange (LME) chief executive Garry Jones today said he will step down as chief executive and executive director after three years in the position. Jones will retire from all positions within the Hong Kong Exchanges and Clearing Limited (HKEX) group, including those at the LME and LME Clear (LMEC) with immediate effect. He will serve as adviser [...]
Weak sterling and higher special dividends boosted quarterly payments to record levels

January 23, 2017

Dividend payments jumped to a record £16.6bn in total during the final quarter of last year, figures show this morning – up 11.7 per cent year-on-year. The rise lifted full-year totals 6.6 per cent higher than the previous year. Capita Dividend Monitor data showed this growth wasn't driven by large increases to regular dividends, but by a [...]
Original Travel’s chief executive reveals how its services stand out in a sea of travel companies

January 23, 2017

Parents have 40 opportunities to go on a holiday with their children before they outgrow family outings according to travel company chief executive Nick Newbury. He points out that there’s only so much time in a year, and so much holiday leave in a job. As well as time constraints, pressure is mounting on consumers [...]
Pub landlords call on the Pubs Code Adjudicator to rule on Heineken’s Punch Taverns takeover

January 22, 2017

Pub landlords have united to criticise Heineken's £400m takeover plans of Punch Taverns, which they say will result in reduced beer and cider options for customers. The Punch Tenant Network (PTN), an independent group that represents Punch's publicans, has made an appeal to Pubs Code Adjudicator Paul Newby to give guidance on whether the bid would trigger the [...]
Southern rail will provide service through the RMT union’s strike

January 22, 2017

Southen rail commuters are set for another day of disrupted service tomorrow as the Rail, Maritime and Transport (RMT) union conductors go ahead with strike action. Southern owner Govia Thameslink Railway (GTR) has confirmed more than 70 per cent of its trains will run, a 10 per cent increase from previous strikes, and a full service will resume [...]
Shell agrees to sell the remainder of its Saudi joint venture to SABIC

January 22, 2017

Shell announced today it is offloading the remaining 50 per cent of its joint venture with leading chemical manufacturing company Saudi Basic Industries Corp (SABIC). The sale of its petrochemicals joint venture, known as SADAF, for $820m (£662.4m) comes as the latest in a string of business disposals, which include its Malaysian oil refining company and Australian aviation business last month. [...]
Trump’s energy pick has changed his mind on climate change, but says fighting it shouldn’t cost jobs

January 20, 2017

Rick Perry, soon-to-be President Donald Trump's pick for the US Energy Department, has said he now believes climate change is a real issue but fighting it shouldn't cost the US jobs. Trump named oil industry cheerleader Perry as his energy pick in December, and yesterday his three-and-a-half hour confirmation hearing before the Senate was one of [...]
Weak retail sales in December have pushed sterling below $1.23

January 20, 2017

The pound plummeted today after retail sales figures were much weaker than analysts expected. Sterling fell 0.47 per cent to 1.2284 against the US dollar. Sales in December fell by 1.9 per cent month-on-month – the largest monthly fall since May 2011 – which was considerably more than the 0.1 per cent drop analysts predicted, Martin Beck, senior economic advisor at EY said. [...]
The WSTA wants Theresa May to “empower” British drinks businesses by cutting the wine and spirit duty

January 20, 2017

Following Theresa May's long-awaited speech on Brexit, The Wine and Spirit Trade Association (WSTA) said the best way to "empower" the British drinks industry is a duty cut on wine and spirits. This comes as wine industry has been hit by the impact of historically high duty rates, higher inflation and the devaluation of the pound, [...]
British Fizz: A group is calling for protected status of English sparkling wine (and not everyone is popping a bottle open)

January 20, 2017

Yesterday, the UK Vineyard Association said it was applying for protected status from the EU for English sparkling wine under the name "British Fizz", but a branding expert said the name could be an "unmitigated disaster" for the wine industry. Protected Geographical Indication (PGI) status would boost the industry's fast-growing product by giving it recognisable, marketable terms [...]

Small businesses warn April cost hikes could force closures

Why Hull KR and Brisbane Broncos turned down World Club Challenge payday in Qatar

David Attenborough London documentary wanted to ‘rebrand’ rats

By: Courtney Goldsmith

All 563 Articles

Subscribe