By: Jessica Morris

I write about energy and industrials for City A.M. I'm particularly interested in geopolitics, energy policy and, of course, the ever lively oil markets.

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A short history of Pi day: What is it and where did it come from?

Today is Pi day, 14 March, or 3.14 if you write your dates the American way, which also happens to be the first two digits of the mathematical constant Pi: 3.141592653. This is why people will be walking around circular rooms, eating lots of pies and trying to memorise a few of its digits. Pi [...]
Black Friday 2016 history: What is it, when did it come to the UK and where will it hit next?

Black Friday fever is sweeping the nation, with many retailers saying they will get some of their best sales yet. But where did the bumper discount day come from and where will it hit next? Here's a short history. Where did Black Friday come from? Black Friday – like Halloween, McDonalds and theme parks – [...]
EEF urges government to ensure its industrial strategy helps defence firms

EEF has called on the government to ensure that its industrial strategy bolsters companies in the defence and security supply chain. It believes that a boost to the capability of, and spin off technologies in, the sectors are vital to the future of high value manufacturing in the UK. "The advantage to the UK economy of maintaining [...]

Gorilla reportedly escapes from its enclosure at London Zoo

October 13, 2016

Visitors to London Zoo have been locked inside attractions while armed police hunt a gorilla which has reportedly escaped from its enclosure. A video, which has been filmed from inside a building and showing armed police walking around the zoo's grounds in Regent's park, is currently circulating on Twitter. The Metropolitan Police arrived at the scene at 17:20, [...]
Hanjin shares jump as some of its major assets go on sale

October 13, 2016

Shares in South Korean shipping giant Hanjin jumped today after the indebted company announced plans to sell some of its major businesses. A court filing said that the firm, which recently asked for bankruptcy protection, had received legal approval to seek buyers for its assets in order to pay back creditors which are lining up claims. It [...]
Enquest to raise £82m as part of a financial restructuring

October 13, 2016

One of the UK's largest independent oil gas producers in the North Sea said today that it wants to raise £82m through a rights issue as part of a proposed restructuring. The struggling firm Enquest announced its intention to offer more than 356.7m new shares at 23p each following the conclusion of an "extensive period of engagement and [...]
Oil prices fall after Opec points to bigger crude surplus in 2017

October 12, 2016

Oil prices turned lower this afternoon after the Organisation of Petroleum Exporting Countries (Opec) pointed to a larger surplus next year. Brent crude, the global benchmark, slumped 1.09 per cent to $51.84 per barrel. Its US counterpart, West Texas Intermediate crude, fell 1.32 per cent to $50.12, having recovered slightly after falling just below the $50 [...]
More than 64 per cent of Brits reluctant to buy property near fracking sites

October 12, 2016

More than 64 per cent of Britons would not buy a home located near to a fracking site, according to new research released today. The OnePoll survey conducted by House Extension Online, which involved 1,000 respondents, also showed 21 per cent were somewhat unlikely to consider buying a home near a fracking site, while 43 per cent stated [...]
Tony Hayward reportedly eyeing oil fields in Latin America for a big investor

October 11, 2016

The former BP boss, Tony Hayward, is reportedly working with private equity investor Carlyle to find oil fields to purchase in Latin America. Sky News reported that, if successful, he's likely to be paid a fee by Carlyle for introducing the deal to the firm. While it is unclear whether Hayward would have an ongoing role in the new venture, [...]
Centrica to test gas withdrawals from Rough storage site after Nov 1

October 11, 2016

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Bank of England: Businesses cut staff at fastest pace since pandemic

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By: Jessica Morris

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