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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UK rental market: The government must do more to combat rogue landlords

January 22, 2016

Today Brandon Lewis MP announced £5m in government funding to combat the scourge of rogue landlords. Councils are in desperate need of additional funding to help them fix the problems associated with rogue landlords and there's no doubt that this public money be put to good use. They will be better able to target notorious ‘beds in sheds’, cramped hellholes rented out [...]
JLL City Momentum Index (CMI): London is the world’s most innovative city

January 22, 2016

London has topped a ranking of the world's most innovative cities for the second year in a row, helped by a string of plans to boost the capital city's infrastructure. It was followed by Silicon Valley (2nd), Dublin (3rd), Bangalore (4th), Boston (5th), Shanghai (6th) and New York (7th). "The £15.8bn Crossrail project is the largest transport scheme [...]
Moody’s puts 120 energy firms on downward review as oil prices tumble

January 22, 2016

Moody's is reviewing the ratings of 120 oil and gas companies after it lowered its price forecast for oil this year. The credit ratings agency cut its forecast for Brent and West Texas Intermediate to $33 per barrel, rising by $5 per barrel in 2017 and 2018. Some analysts, including those at StanChart, have warned oil could fall [...]
S&P: China’s financial sector faces “tougher” 2016

January 21, 2016

Credit ratings agency Standard & Poor’s (S&P) has warned that China’s embattled financial sector must navigate an even tougher playing field this year. Mounting concern over the pace of China’s economic slowdown, coupled with falling oil prices, have sparked a sell-off across global financial markets since the beginning of this year. S&P said a slump [...]
Brent crude and WTI: Oil prices steady after a shaky start

January 21, 2016

Oil prices steadied today, shrugging off a shaky start which saw it fall back towards 12-year lows touched earlier this week. Brent crude, the global benchmark, increased 1.22 per cent to $28.22 per barrel. Meanwhile, West Texas Intermediate crude, the US benchmark, rose 0.95 per cent to $28.54. But the black stuff is still down by [...]
E.on abandons planned UK Isles Wind Farm project due to objections

January 21, 2016

Energy giant E.on has shelved plans for a huge wind farm project in north east England, blaming environmental and technical issues. "These include the longstanding objection from the Ministry of Defence, the high bird activity on the site, investor uncertainty and changes to planning law," it said in a statement released today. "The combination of these [...]
Chemring share price tumbles on rights issue as losses widen

January 21, 2016

The figures British defence group Chemring plans to tap shareholders for £80.8m to tame the high debt levels and repayment costs which are hampering its restructuring efforts. The British-based company's full-year pre-tax loss for the year ending October 31 widened to £9.1m, from £5.2m a year earlier. Underlying operating profit slipped 26.34 per cent to £34.4m, while [...]
Market turmoil terminology: What are the definitions of a a bear market, a bull market and a correction?

January 21, 2016

The New Year sell-off has sent equity markets across the world into bear territory. But rather than a single, fatal trigger, it appears a general sense of unease over the slowing global economy is sending investors running for the hills. Yesterday, the FTSE 100, Japan's Nikkei and the MSCI All-Country World indices all joined the Shanghai Composite, France’s Cac 40, the German Dax [...]
US WTI crude oil below $27 as MSCI’s benchmark global stock index enters bear market territory

January 20, 2016

US crude oil dipped below $27 per barrel today, while the MSCI's benchmark global stock index fell into a bear market. West Texas Intermediate crude, the US benchmark, slumped 5.73 per cent to $26.83 per barrel. And Brent, the global benchmark, shed 4.35 per cent to $27.51. Concern over lower for even longer oil prices have dominated Davos, an annual meeting [...]
BP boss Bob Dudley: Oil prices falling to $10 “not impossible”

January 20, 2016

BP's chief executive, Bob Dudley, has said it's "not impossible" oil prices will fall as low as $10 per barrel, as some analysts have predicted. Standard Chartered previously warned a worse-case scenario could see oil fall to this level, because its being moved by changes in other assets prices such as the US dollar and stocks, rather [...]

Doctors union tops up £1m reserve pot for strikes

Wimbledon won’t slap sponsor on new show court but eye US growth

School’s out! 13 amazing UK holiday options to book this August

By: Jessica Morris

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