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 businesses’ tax burden rises despite chancellor George Osborne’s Osborne’s cuts to corporation tax

December 15, 2015

Britain's biggest businesses paid £80.5bn in taxes this year, up from £80bn in 2014, with a string of new measures expected to batter firms still in the pipeline. Figures from accountancy giant PwC – based on a survey of FTSE 100 finance directors, large private companies and multinationals – show that the total tax rate, a [...]
Short sellers eye Anglo American despite “radical restructuring”

December 14, 2015

Hedge funds beefed up their positions in Anglo American, even after the miner unveiled a “radical restructuring” which it hopes will enable it to stay afloat amid a prolonged rout in the price of iron ore and other metals. Short-selling interest in Anglo American ticked up from 6.4 to 6.5 percentage of shares on loan [...]
South African pension fund ups stake in Lonmin after shareholders shun rights issue

December 14, 2015

South Africa’s Public Investment Corporation (PIC) upped its stake in embattled platinum producer Lonmin, after shareholders snubbed a crucial rights issue. The PIC, which manages South African government employee retirement funds, increased its stake from seven to 29.9 per cent, after shareholders bought just 71 per cent of its share sale. The shares had been priced at [...]
WTI crude and Brent crude oil prices fall further amid mounting glut concerns

December 14, 2015

US Western Texas Intermediate (WTI) fell below $35 per barrel for the first time since February 2009 today – chased lower by the global benchmark, Brent crude, which slid below $37 per barrel for the first time since 2008. The renewed pressure came a day after Iran vowed to ramp up production once sanctions are lifted, following the July [...]
Circle Oil share price crashes as it mulls debt restructuring and rights issue to weather oil price rout

December 14, 2015

Shares in Circle Oil crashed today, after the oil producer said it was considering a debt restructuring or rights issue to weather the turmoil sparked by plunging oil prices. Circle Oil shares fell as much as 40 per cent to 2.25p per share today, amid a reevaluation of the value of its reserves which determines how [...]
US retail sales increase expectations for an interest rate rise from the US Federal Reserve

December 11, 2015

US retail sales rose strongly in November as the Christmas shopping season got under way, heightening expectations that the US Federal Reserve will raise interest rates for the first time in nearly 10 years next year. The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services rose 0.6 per [...]
Iron ore on course for longest losing streak since financial crisis

December 11, 2015

Iron ore prices are on course to fall for the ninth week in a row, meaning the steel-making material will clock its longest losing streak in seven years. Iron ore has shed 3.8 per cent this week, haven fallen to just $38.52 a tonne today. This marks a record low in daily prices compiled by Metal Bulletin, which [...]
Carmaker Ford to invest £3bn in electric vehicles with 40 per cent of nameplates electrified by 2020

December 11, 2015

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COP21 Paris climate change summit: Why the world needs a meaningful carbon pricing agreement

December 11, 2015

As someone who has been active in building clean power capacity around the world for the last two decades, I have been closely engaged with international climate negotiations that are drawing to their conclusion at COP21 in Paris. I am cautiously hopeful that the talks will yield a positive outcome that will contribute to putting the [...]
Shh … one in 10 people aged over-40 hide savings from their partner

December 11, 2015

One in 10 people over the age of 40 have confessed to secretly hiving off cash and investments without their partner's knowledge, new research from insurer Prudential has shown. The annual survey found 10 per cent have secret savings, investments and/or pensions, each with an average value of £30,300. Perhaps more worryingly, 15 per cent admitted to having hidden debts, averaging [...]

World Cup no longer has global audience – and that’s a marketers challenge

School of Hard Knocks and Investec celebrate spring rugby tournament

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Jessica Morris

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