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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How banks can defeat tomorrow’s cyber villains today

December 9, 2015

If a bunch of crooks in masks were picking their way into your bank vault most days, would you wait another couple of years before considering a new kind of lock? The threat to our banks from cyber crime intensifies every month. Yet the UK banking sector continues as if firewalls, email scanning and web controls are all [...]
Anglo American share price haemorrhages for second consecutive day

December 9, 2015

Shares in Anglo American were down 7.26 per cent at 300.15p per share today, in the wake of what the miner described as a “dramatic” overhaul to its strategy yesterday. A rout in global commodity prices has helped send the company’s shares down around 75 per cent since the beginning of this year. This has heaped [...]
London Underground’s record passenger numbers help it to its busiest day ever

December 9, 2015

Nearly five million people took the Tube last Friday, helping London Underground smash its record for the number of customer passenger journeys made in one day. A record 4.821m customers travelled on the Tube on 4 December, making it the network’s busiest day ever, Transport for London (TfL) has said today. It came as the Tube had [...]
Brent crude oil prices steady after yesterday’s sell-off

December 9, 2015

Oil prices recovered losses this morning, drawing a line under two days of turmoil prompted by indecision from the Organization of the Petroleum Exporting Countries. Brent crude oil prices, the global benchmark, rose 1.1 per cent at $40.70 per barrel this morning, while US West Texas Intermediate jumped 1.6 per cent at $38.05 per barrel. [...]
Entertainment One share price: Peppa Pig maker reassures investors after sell-off

December 9, 2015

Peppa Pig producer Entertainment One has insisted the company is still trading well after the company announced a debt deal that prompted a major sell-off of its shares yesterday. The company revealed its plans to issue £285m in bonds, as part of plans to replace existing debt facilites, on Friday. But its shares closed down 20 per [...]
Estonia pulls out of European Union’s controversial financial-transaction tax as Chancellor George Osborne voices opposition

December 9, 2015

Estonia has refused to sign an agreement which would pave the way for the European Union's controversial financial transactions tax (FTT), as chancellor George Osborne continued to voice Britain's opposition to the legislation which some fear would hit the international competitiveness of the City. It comes as 10 EU finance ministers agreed the foundations of the [...]
Brent crude oil prices crash below $40 for the first time in seven years

December 8, 2015

Brent crude crashed below $40 per barrel today for the first time in nearly seven years, after Opec failed to specify a production level ceiling on Friday. Brent crude, the global benchmark, shed two per cent to $39.89 per barrel this afternoon, while Western Texas Intermediate crude slumped 2.58 per cent to $36.68 per barrel. Tamas Varga [...]
Anglo American share price falls as it suspends dividend and cuts jobs amid deepening commodity crisis

December 8, 2015

Anglo American today suspended its dividend for the first time in eight years, with the miner also laying off around 60 per cent of its workforce as it struggles to weather a rout in commodity prices. It came as the miner announced a "radical restructuring", under which its workforce will shrink to 50,000 from 135,000, as it consolidates from three to six [...]
Cenkos share price rises after it denies probe by the Serious Fraud Office over Quindell

December 8, 2015

Shares in Cenkos rose 15.5 per cent to 170.4 p per share today, after the mid-tier broker and investment house said it's not under investigation by the Serious Fraud Office (SFO). Cenkos was formerly the nominated adviser to scandal-engulfed insurance services company Quindell, which is currently being investigated by the SFO over "business and accounting practices". The clarification came [...]
UK industrial production beats expectations in October but manufacturing still drags

December 8, 2015

UK industrial production grew 1.7 per cent in the year to October, beating economists' forecasts for 1.2 per cent growth, and painting a positive picture for the sector, new data from the Office for National Statistics shows. Mining and quarrying rose 8.5 per cent, followed by water supply, sewerage and waste management output, which rose four per [...]

Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

Surj reiterates sports commitments following PIF’s partial retreat

New London rooftop bar will be biggest ever with 1,000 capacity

By: Jessica Morris

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