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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Lloyds’ share price still has encouraging long term outlook despite chancellor George Osborne’s delay

January 28, 2016

The chancellor has announced that the planned sale of the government’s shares in Lloyds to the public won’t proceed until turbulent markets have calmed down. This must be a big disappointment to the hundreds and thousands of investors who have registered their interest in the sale. But while the whole of the banking sector has been [...]
Brent and WTI crude: Oil prices jump on hopes Opec and Russia will cut production

January 28, 2016

Oil prices jumped today on hopes that some of the world's biggest oil producers could finally cut production in response to plummeting prices. Brent crude, the international benchmark, jumped 5.47 per cent to $34.91 per barrel. Meanwhile, West Texas Intermediate crude, the US benchmark, rose 5.82 per cent to $34.18. Russian energy minister, Alexander Novak, said today [...]
Lonmin share price falls as it axes 5,000 jobs to weather platinum rout

January 28, 2016

Shares in platinum producer Lonmin fell today despite investors initially applauding its efforts to become a lower-cost operator in an increasingly testing market. The Johannesburg-based firm axed 5,077 jobs as of 27 January, or 84.6 per cent of its planned reduction in headcount. The company had faced pressure from the government and labour unions to maintain jobs. "Progress continues with the restructuring programme [...]
Anglo American share price rises as it ramps up production

January 28, 2016

Shares in Anglo American rose as much as 10.4 per cent to 280.15p today, as the South African miner ramped up production in the face of plunging commodity prices. The FTSE 100 miners reported copper production rose four per cent year-on-year to 181,400 metrics tonnes in the three months ended December 31. Nickel output added 57 per cent [...]
The world’s most popular cities for tourist: London comes second to Hong Kong

January 28, 2016

London has come second to Hong Kong in a ranking of the world's most popular cities among tourists. Euromonitor International's annual "top city destinations ranking" covers 100 of the world's leading cities in terms of tourist arrivals. London benefited from its iconic stature, the success of the London Olympics in 2012, as well as its cultural [...]
UK fourth quarter GDP: Economy grows 0.5 per cent in the fourth quarter

January 28, 2016

Britain's economy picked up slightly in the last three months of 2015 – but gross domestic product (GDP) growth fell sharply on an annual basis, figures published this morning showed. The Office for National Statistics (ONS) said UK GDP rose 0.5 per cent in the fourth quarter, in line with economists' expectations, and up from 0.4 per cent in the [...]
Shell share price falls as shareholders vote in favour of Shell and BG Group

January 27, 2016

Royal Dutch Shell shareholders gave the oil giant's acquisition of smaller rival BG Group the green light at a general meeting today, paving the way for the biggest energy deal in decades. Analysts had widely expected Shell shareholders to approve the £47bn mega-deal, despite low oil prices stoking concern over value for money. Of those that voted, 83 per [...]
Sirius Minerals share price falls as it pushes back study for York Potash mine

January 27, 2016

Shares in Sirius Minerals fell today after the Aim-listed company pushed back a definitive feasibility study for its major potash project in York from this month to March. A definitive feasability study looks at whether a project can be completed given a range of legal, economic, technological and other factors. "The completion of a definitive feasability study for such a [...]
Prudential Regulation Authority governor Andrew Bailey says preventing another financial crisis is a work “in progress”

January 27, 2016

The Bank of England's Andrew Bailey has said that creating a more stable financial system to prevent another financial crisis is still a work "in progress". Speaking at the International Financial Services Forum in Dublin, he said: "The work is still in progress and thus for us very much a matter of debate." Market turmoil since [...]
Hinkley Point nuclear plant investment decision delayed as EDF struggles with financing for the £18bn project

January 27, 2016

Britain’s first nuclear reactor for a generation is facing fresh delays as French energy giant EDF struggles to find financing for the £18bn project. French paper Lec Echos reported that the final investment decision on Hinkley Point will not take place today, as was widely expected, and that EDF is seeking extra support from the French government. It said the [...]

Oil prices could race past $150 as ceasefire in ‘difficult phase’

Fury: The real fight is not in the ring or ad spend, but brand alignment

Why I love hotel restaurants – and two of my favourites

By: Jessica Morris

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