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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BP’s chief economist Spencer Dale: Oil price volatility could be consigned to history

February 3, 2016

BP’s chief economist, Spencer Dale, has said that the violent price swings which have historically riled oil markets could become a thing of the past. Dale believes the newer, nimbler US shale gas industry will change how oil markets behave over the next 20 to 30 years. "What we know from history is that the oil market takes an [...]
US markets tumble on oil price woes

February 2, 2016

The S&P 500 closed down 1.87 per cent to 1,903 points today, as the black stuff continued to fall on fading hopes of a deal to cut production between Opec and non-Opec producers. Oil prices careered lower, with Brent crude, the global benchmark, slumping around five per cent to $32.54 per barrel. Similarly, West Texas Intermediate crude, [...]
Yahoo announces job cuts and “aggressive strategic plan”

February 2, 2016

Yahoo today announced plans to axe 15 per cent of its workforce, roughly 1,600 jobs, as part of an "aggressive strategic plan" to help transform the company. The job cuts will reduce its employees to about 9,000 by the end of 2016. The announcement of the cuts came as Yahoo reported a $4.3bn (£3bn) loss [...]
Recruitment firm Robert Half buoyed by “healthy” US jobs market

February 2, 2016

US recruitment firm Robert Half continued to grow in the fourth quarter of 2015, buoyed by the booming US jobs market and a better outlook in its international markets. The firm, which has a UK office in the Shard, said net income rose 11.2 per cent to $93.4m (£64.8m) in the three months ended December 31, from $84m [...]
Ride hailing app Uber has changed its logo and branding

February 2, 2016

Controversial ride hailing app Uber has completely changed its logo and branding, after its chief executive said the firm's old look started to remind him of a hairstyle that hadn't been in fashion since the 1990s. Travis Kalanick, chief executive and co-founder of Uber, said that the re-design reflects how much Uber has changed since it started as a [...]
LVMH bucks bad trend in luxury goods market

February 2, 2016

LVMH said today that strength in Europe, the US and Japan helped it buck an unfavourable trend which has seen luxury goods companies suffer as a result of the slowing global economy. The company, which owns fashion houses Dior and Louis Vuitton, said recorded revenue rose by 16 per cent to €35.7bn (£27bn) in 2015. This beat analysts estimates [...]
EDF Hinkley Point C project director Christopher Bakken has left for US-based Entergy Corporation

February 2, 2016

The executive who had been in charge of French energy giant EDF’s £18bn construction of Hinkley Point C has left the company for another role in the US. Christopher Bakken had been EDF’s project director for Hinkley, leading on its design, licensing, procurement, construction and commissioning. He’s left to become executive vice president and chief nuclear [...]
75% Increase in Buy to Let Company Formations

February 2, 2016

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FTSE 100 quarterly reshuffles: Anglo American share price falls as it risks being booted out of blue-chip index in March

February 2, 2016

Stricken mining firm Anglo American risks being booted out of Britain's blue-chip index at its quarterly review next month. The South African miner's self-described "drastic" turnaround plan unveiled in December has so far failed to reassure the market. It included scrapping its dividend, gutting assets by 50 per cent and shrinking its employee count by 60 per cent. [...]
FTSE 100 closes back below 6,000 points on BP fourth quarter results and falling oil prices

February 2, 2016

Britain's blue-chip index tumbled back below the 6,000 mark today, as BP reported its biggest loss in at least 20 years and oil prices continued to fall The FTSE 100 closed down 2.28 per cent to 5,922.01 points this afternoon, after touching a low of 5,892.87 points earlier in the day. Shares in BP fell 7.15 per cent [...]

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By: Jessica Morris

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