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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AA drives into connected car tech with joint venture Intelematics Europe

January 5, 2016

The AA has sealed a joint venture to develop connected car services which could improve roadside assistance services and even lower motorists' car insurance. The London-listed company today announced the launch of Intelematics Europe, a joint venture co-owned by the AA, two other European roadside assistant clubs and Intelematics. The move marks another step into the [...]
Volkswagen latest: VW share price continues to fall after US launches lawsuit

January 5, 2016

Investors continued to punish Volkswagen today, with the carmaker's shares slumping 5.4 per cent to €119.55 per share, in response to a US lawsuit over the emissions scandal. Volkswagen shares closed down 6.8 per cent at €125.20 yesterday, after it was sued by the US over alleged violations of the Clean Air Act by fitting illegal devices to evade [...]
CSI 300, Shenzhen Composite and Shanghai Composite: Asia shares settle after yesterday’s sell-off

January 5, 2016

Shares in Asia stabilised after yesterday's market turmoil, which saw China's blue-chip CSI 300 plunge nearly seven per cent. Today, the CSI 300 edged up 0.28 per cent at 3,478.780 points. It had suffered yesterday as weak data sparked a sell-off, triggering circuit-breakers and bringing a halt to daily trading across Chinese stock markets The breakers, introduced in [...]
Brent and US crude oil prices shrug off yesterday’s turmoil

January 5, 2016

Oil prices stabilised today, shrugging off yesterday's volatile trading – but fears over a supply glut kept a lid on prices. Brent crude, the global benchmark, was down 0.35 per cent at $37.09 per barrel in morning trading, while West Texas Intermediate, the US benchmark, shed 0.33 per cent at $36.64. Oil prices yo-yoed yesterday, driven by an escalating diplomatic [...]
Bwin.party returns to sales growth ahead of GVC deal as it bets on “strong” performance in 2016

January 5, 2016

Bwin.Party Digital said today that it had returned to sales growth, ahead of its widely anticipated deal with Irish rival GVC. The Gibraltar-based company said revenue grew five per cent on an annual basis in the fourth quarter of 2015, driven by its sports betting and casino businesses which enjoyed strong performances, particularly mobile. Bwin also [...]
Brent and US crude oil prices rise amid escalating political tension between Saudi Arabia and Iran

January 4, 2016

Oil prices dipped again after it rose as much as four per cent today, wiping out gains made earlier in the day as rising political tension between two of the biggest powers in the Middle East stoked concern about potential supply disruptions. Brent crude, the global benchmark, fell to $37.06 per barrel, having risen as high [...]
UK oil industry production jumped last year – but this will be “extremely challenging” to maintain in 2016

January 4, 2016

UK oil and gas production rose more than seven per cent last year, nevertheless the industry will be "extremely challenged" to sustain this going into 2016. Production for the full year of 2015 is expected to be around seven to eight per cent higher than a year earlier, according to Oil and Gas UK, which represents the [...]
Investors should stick with China despite turbulence on the CSI300, Shenzhen composite index and Shanghai composite index

January 4, 2016

Markets have started 2016 firmly in the red, suffering knock on effects of a seven per cent fall in the Chinese stock market. But this early capitulation has more to do with bans of share sales and short selling than the weaker manufacturing data. Perhaps the bigger question of late is "should investors avoid emerging [...]
CSI300, Shenzhen composite index and Shanghai composite index: The full scale of China’s stock market carnage

January 4, 2016

Chinese stocks kicked off the new year dispiritingly, after trading was suspended on its blue-chip CSI300, which suffered its worst day in nine years. The CSI300 crashed down seven per cent, and triggered the so-called "circuit breaker" suspension mechanism. The measure, which was introduced to curb volatility in the wake of Black Monday, was used for the first time today. [...]
UK Oil and Gas receives consent to flow test at a well in Horse Hill

January 4, 2016

"Gatwick Gusher" UK Oil and Gas (Ukog) today announced that the UK's Oil and Gas Authority has granted consent for an extended flow test over three separate zones at a well in the Horse Hill site. The Horse Hill 1 discovery well, drilled at the end of last year, is located on the northern side of the Weald Basin [...]

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By: Jessica Morris

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