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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Conservative election spending is under investigation by prosecutors

March 15, 2017

Files from 12 police forces relating to allegations of electoral fraud have been handed to the Crown Prosecution Service. Prosecutors are investigating claims that more than 20 Conservative MPs broke stringent spending limits during the 2015 general election. If charged, they could be challenged by their political opponents to a rerun. Read more: By-election results: [...]
Donald Trump’s second travel ban has been blocked nationwide

March 15, 2017

A federal judge in Hawaii has blocked Donald Trump's second travel ban nationwide with a temporary restraining order. The last-minute order put an emergency hold on the US President's ban, which was meant to take effect tomorrow. Trump's revised executive order removed Iraq from the list of countries barred from entering the US, among other changes. The new measures were designed [...]
The US Federal Reserve has hiked interest rates and signalled a slower pace of monetary tightening

March 15, 2017

The US Federal Reserve lifted interest rates for the second time in three months last night, but sent the dollar and US Treasury yields tumbling with a cautious outlook on economic growth and future hikes. The federal funds rate was raised to 0.75 per cent-one per cent. However, the Fed stuck to its forecast of just two [...]
Southern Rail and Aslef have agreed to a fresh deal to end strikes, but union members could still reject it

March 15, 2017

Southern Rail and train drivers' union Aslef have agreed to a fresh deal, finally resolving their row over driver-only trains. However, it's not quite over yet. Aslef members still need to vote on the new terms, and the result will be announced 3 April. The union's boss is recommending members accept the deal. Mick Whelan, general secretary of [...]
London has attracted a tech fund led by Saudi Aramco, BP and other oil majors looking to collaborate and innovate

March 15, 2017

A $1bn (£818.8m) energy fund backed by Saudi Aramco, BP and eight other global oil majors will make London its home in a new vote of confidence for the City post-Brexit. Oil and Gas Climate Initiative's (OGCI) Climate Investments fund aims to invest in and accelerate the commercial development of new emissions-reducing technology. It first announced its plan to push £1bn over [...]
E.On’s share price loses energy as it reveals its biggest ever loss

March 15, 2017

E.On's shares dropped more than three per cent after the energy provider announced it booked a net loss for 2016 double the loss of the previous year. The figures In the year to the end of December, the German energy firm reported a net loss of €16bn, compared with a loss €6.4bn the previous year. This was its [...]
Brexit could cost the construction sector thousands of workers and increase the skills shortage

March 15, 2017

While the UK grapples with a skills shortage in the construction industry, new figures suggest Brexit will threaten eight per cent of the sector's workforce. Losing access to the EU's Single Market will put nearly 200,000 construction jobs at risk, a survey of construction professionals by the Royal Institution of Chartered Surveyors (Rics) will today reveal. According [...]
Public sector pay has started falling sooner than forecasted – and it’s going to keep falling

March 15, 2017

Average real pay is falling in the public sector, and it's expected to drop further over the next three years, new research shows. The Resolution Foundation's latest earning outlook, which will be published today, forecasts average real pay in the public sector will fall below 2004-2005 levels by the end of the parliament (2019-2020). Forecasts released [...]
LV= mulls merger or disposals as its profit takes a hit from capital rules

March 14, 2017

One of the largest financial services mutuals in the UK has held secret talks over a potential merger with Royal London. LV=, which has nearly 6m UK customers across insurance, pensions and income protection products, has now called off the talks as the firms couldn’t agree on the structure of a deal, reported Mark Kleinman, [...]
National insurance fight threatens UK deficit plans – Moody’s

March 14, 2017

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UK fintech Zempler Bank gets snapped up for less than half its previous valuation

Why KKR-Arctos is not just about private equity getting bigger

The unlikely City florist that once served the royals

By: Courtney Goldsmith

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