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 pensions: Retirement income remains below pre-financial crisis levels

January 15, 2016

While retirement incomes are rising they're still below pre-financial crisis levels, according to new research by insurance firm Prudential. The average person who is retiring this year can expect an annual income of £17,700, marking the third annual increase in a row. And yet average retirement incomes are still stuck below pre-financial crisis levels, with this year's retirees expecting to [...]
UK Construction output suffered its biggest annual drop since 2013 adding to disappointing economic data

January 15, 2016

Construction output suffered its biggest annual drop since 2013 in November, adding to a string of disappointing data which suggests the UK economy is struggling to recover from a mid-year slowdown. Construction output fell 0.5 per cent in the month to November, data from the Office for National Statistics has shown, missing economists' expectations for a [...]
Lumiere London 2016: Light festival illuminates the City’s landmarks from King’s Cross and Westminster to Leicester Square

January 15, 2016

Some of London's most famous streets and buildings have been temporarily transformed by neons, projections and other light works, as part of the first major light festival to hit the capital. Lumiere London is a four-day festival featuring light installations that stretch from the West End all the way to King's Cross. It kicked off last night and will be running [...]
Brent crude and WTI: Oil prices dip back below $30

January 15, 2016

Brent crude oil dipped back below the $30 per barrel mark today, as the prospect of more Iranian oil looms over an already oversupplied market. Brent crude, the global benchmark, shed 3.5 per cent to $29.89 per barrel this morning. Meanwhile, West Texas Intermediate (WTI) crude, the US benchmark, shed 5.05 per cent to $29.62. "It was [...]
Oil prices: The £36bn Royal Dutch Shell-BG Group mega-deal has won more support ahead of crucial vote

January 14, 2016

Another investor advisory firm has come out in favour of Royal Dutch Shell's £36bn mega-deal with smaller rival BG Group, which goes to a shareholder vote at the end of this month. British shareholder advisory firm PIRC has advised shareholders to vote in favour of the deal. It comes after Institutional Shareholder Services, a proxy advisory body, recommended [...]
Brent and WTI crude: Oil prices steady after new year sell-off

January 14, 2016

Oil prices steadied today, following a brutal new year sell-off which pushed the black stuff to 12-year lows. Brent crude, the global benchmark, rose 0.6 per cent to $30.49 per barrel. Meanwhile, West Texas Intermediate crude, the US benchmark, jumped 1.4 per cent to $30.90 per barrel. Oil prices have shed nearly 20 per cent since [...]
Statoil buys £375m stake in explorer Lundin despite falling North Sea crude oil pric

January 14, 2016

Norwegian energy giant Statoil has bought a sizeable stake in Lundin Petroleum for an "attractive price", as oil prices continue to plumb historic lows. Statoil bought an 11.9 per cent stake in the independent oil and gas exploreer company for 4.6bn Swedish Kronas (£375m). The move will increase Statoil's indrect exposure to the Norwegian continental shelf, which includes discoveries [...]
Best UK companies to work for in 2016: Jaguar Land Rover, AstraZeneca and Harrods top the list

January 14, 2016

Jaguar Land Rover, AstraZeneca and Harrods are the top three UK companies to work for, according to a ranking by Statista, which was compiled for Bloomberg. Other household names comprising the top 10 included Adidas, Dyson, Microsoft, Estee Lauder, Sky, Frankie and Benny's and Rolls-Royce. Those working in the professional services were most likely to recommend their employer, while employees in [...]
Sterling touches 11-month low ahead of the Bank of England’s interest rate decision

January 14, 2016

The pound rebounded from an 11-month low against the euro today, as the Bank of England's rate-setting committee was expected to keep interest rates unchanged when it announces its decision later today. Sterling was trading at 0.76p per euro this morning, while it was at $1.44 against the dollar. On Tuesday it fell to a five-and-a-half year [...]
Sainsbury’s, Tesco, Asda and Morrisons: Supermarket petrol price wars to intensify as oil rout deepens

January 13, 2016

The supermarket petrol price war is set to intensify, as the "lower for much longer" mantra sweeps through global oil markets. Oil has fallen around 15 per cent since all big four supermarkets – Sainsbury's, Tesco, Asda and Morrisons – slashed diesel prices to below £1 earlier this month. A Morrisons spokesperson said: “If oil prices continue to fall [...]

Crispin Odey drops £79m libel case against Financial Times

Deloitte enters rugby league as NRL Super League investment talks near

Why I love hotel restaurants – and two of my favourites

By: Jessica Morris

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