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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Why China’s devaluation of the yuan is good for the UK

January 19, 2016

The UK knows only too well what it means to have an overvalued currency – sterling’s strength has dulled the competitiveness of the UK’s export-oriented manufacturing industry for decades. Even though the UK earns around 30 per cent of its GDP from exports, the continuously large trade deficit on goods means that overall trade is [...]
Shell share price falls despite ditching major Abu Dhabi gas field project amid oil price rout

January 18, 2016

Royal Dutch Shell today said that it's had to exit the multi-billion dollar natural gas project in Abu Dhabi, as it attempts to manage costs in today's low oil price environment. Oil prices skidded to a 2003-low today, after the lifting of Western sanctions on Iran. The 18-month rout has forced oil companies to delay, and even abandon, a number of [...]
Empyrean Energy share price rockets more than 50 per cent to the top of Aim

January 18, 2016

Empyrean Energy shares soared to the top of the Aim today, on the sale of its stake in a US shale gas project for $71.5m (£50m) despite the oil price rout. The company's shares rose as much as 76 per cent to 8.8p per share this morning, after it announced the sale of its three per [...]
Tata Steel to cut another 1,050 jobs in Britain at sites in Port Talbot, Trostre, Corby and Hartlepool

January 18, 2016

Tata Steel has confirmed it will axe another 1,050 jobs across the UK, including 750 job losses at the UK's biggest steel maker Port Talbot. Around 100 jobs will also go at its steel mills in Trostre, Corby and Hartlepool, alongside 200 support roles. It blamed the proposed changes on slumping European steel prices, largely due to a flood of cheap imports, [...]
Cobham share price sinks as chief financial officer Simon Nicholls leaves for Wolseley

January 18, 2016

Cobham shares sank today, following the news the British aerospace and defence firm's chief financial officer is leaving. The company's shares fell around 3.22 per cent to 261.5p after it said current chief financial officer, Simon Nicholls, is leaving to take up the same role at plumbing supplies group Wolseley. Nicholls, who will stay in his current [...]
Why studying for a business degree doesn’t always pay: Summer internships, not business studies, help graduates land jobs

January 18, 2016

Career-minded students who opt for a business degree would be better off picking a subject they feel more passionate about, as long as they're prepared to spend the summer break toiling away in an office. That’s according to a study by researchers at Auburn University, which looked at the demand for job seekers with particular college [...]
Brent and WTI crude prices: HSBC chief executive Stuart Gulliver predicts oil will settle between $25 and $40 in a year’s time

January 18, 2016

HSBC chief executive Stuart Gulliver expects oil to settle between $25 and $40 in on year's time, he said today. Responding to a question about where the prices will be this time next year at the annual Asia Financial Forum in Hong Kong, Gulliver said: "Major producers are currently delivering 2m-2.5m barrels per day more than demand, so [...]
EU migrant crisis: Jean-Claude Juncker European economy would suffer if Schengen collapses

January 15, 2016

European Commission President Jean-Claude Juncker has said that the European economy would suffer if its internal passport-free zone collapsed in the wake of Europe's worst migration crisis since WW2. Speaking at a news conference in Brussels, Juncker said ending the Schengen agreement would make it harder for citizens of EU countries to find employment, and this would lead [...]
New York manufacturing activity index falls to financial crisis-era low

January 15, 2016

Manufacturing activity in the New York-area shrank at its fastest pace since the financial crisis. The New York Fed's empire state index fell thirteen points to -19.37 in January, from a revised reading of -6.21 in December. This was the sharpest fall than at any time since the 2007-09 recession. "The new orders and shipments indexes plummeted, indicating [...]
Energy bills: Big six firms slammed for overcharging customers

January 15, 2016

The energy regulator, Ofgem, has slammed the UK's "big six" energy companies for failing to pass on cheaper wholesale costs to customers. Dermot Nolan, the the head of Ofgem, said wholesale energy costs have fallen by about a third in the last 12 to 18 months. Despite this, the big six energy companies – British Gas, Npower, [...]

BP eyes North Sea exit as tax load bites

Why Sunderland’s away kit legal row is a warning to all sports

What’s on in London in May

By: Jessica Morris

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