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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Fosun Group shares halted after reports chief executive and founder Guo Guangchang goes missing

December 11, 2015

Shares in China's largest privately own conglomerate Fosun Group were suspended today amid reports its billionaire founder and chief executive, Guo Guangchang, was missing. Guangchang, one of China's wealthiest men, has reportedly been unreachable since noon on Thursday, according to a report by Caixin, which cited unnamed sources. The news hit stocks in China, with the benchmark [...]
Legal & General to end quarterly reporting

December 11, 2015

Asset manager Legal & General announced it will end quarterly reporting next year, to focus on the long-term interests of the company. "The board feels the decision will enhance its communications with investors and other stakeholders, as it will allow the company to better articulate Legal & General's business strategies and the long-term dynamics of its [...]
Property, Taylor Wimpey and the US dollar: Here are some of the best investments of 2015

December 11, 2015

Investing is always a bit of gamble, creating both winners and losers. So what did this year's winners invest in? There are no prizes for guessing property continued to provide investors with a sizeable return throughout 2015. Demand continued to pull away from supply at a dizzying rate. However, growth in London's Luxury market slowed slightly. Anyone who was lucky [...]
Tesco share price falls to an 18-year low: What was going on last time it was this low?

December 10, 2015

Shares in embattled supermarket Tesco ended at an 18-year low yesterday, having closed down 2.27 per cent to 153.00p per share. The declines are part of an ongoing saga that the retailer has been battling for over a year now, but the failure of the top team to get to grips with the issues has led to [...]
Lloyds share price rises after it wins ECN bonds case in appeals court

December 10, 2015

Lloyds shares rose today, after a court of appeal sided with the bank over its request to buy back special high-interest bonds, which were issued during the height of the financial crisis. Lloyds sold the enhanced capital notes (ECNs) to retail investors shortly after it was bailed out by the government in 2009, boosting its capital buffer. The [...]
Shell could pull out of New Zealand after over 100 years as oil prices plunge

December 10, 2015

Royal Dutch Shell is reviewing its business interests in New Zealand, where it has operated for more than 100 years, as it looks to cut costs amid persistently low oil prices. Low oil prices have squeezed oil companies' balance sheets forcing them to review and cut back operations. Brent crude oil, the global benchmark, fell below $40 per barrel [...]
London finance vacancies plummet in November as firms go rural

December 10, 2015

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Glencore share price rises as it unveils increases debt reduction and cuts spending

December 10, 2015

Glencore shares rose 5.7 per cent to 87.75p per share this morning, as investors cheered its plans for more debt reduction and spending cuts. In a statement released ahead of its annual investor day, the commodities miner and trader said it was now targeting net debt of between $18bn (£11.9bn) and $19bn by the end of 2016, lower than the previous [...]
Star fund manager Neil Woodford sells Rolls-Royce stake after profit warning in November

December 10, 2015

Star fund manager Neil Woodford has sold his stake in Rolls-Royce, after a disappointing trading update from the engineering company last month. While Woodford didn not say how big the stake was, reports suggest that it was initially around 2.2 per cent of the company, or £232m. "Over the last couple of years, Rolls-Royce has become a more challenged [...]
These were some of the worst investments of 2015

December 10, 2015

From a slowdown in the Chinese economy to the Greek debt crisis, a number of events burnt the hands of even the shrewdest investors this year. Here’s a round-up of some of the worst. Mounting fears China’s economy is slowing at a greater pace than previously thought gave investors a bumpy ride in 2015. China’s [...]

RWS to acquire UK AI platform in £40m deal

Mercedes bid for Alpine could be blocked by FIA multi-team rule change

What’s on in London in May

By: Jessica Morris

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