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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London economic growth will outstrip New York by 2030

December 8, 2015

London's economy is expected to grow more quickly than New York's over the next 15 years, helped by its ability to benefit from international growth. The capital's economy will grow by an average of 2.9 per cent a year between now and 2030, outpacing New York's 2.6 per cent, according to the report by consultancy [...]
Brent crude oil prices near seven-year low after Opec decision

December 7, 2015

Oil prices have hit lows not seen since the beginning of the financial crisis and the collapse of Lehman Brothers, due to concerns the supply glut will continue into 2016. Brent crude was trading at $40.71 per barrel at the time of print, while the US benchmark West Texas Intermediate (WTI) dipped to lows of [...]
Competition and Markets Authority flags concerns in North Sea oil and gas

December 7, 2015

The UK's competition watchdog has written to the government flagging competition concerns in the UK's north sea oil and gas industry. The Competition Markets Authority said government plans to establish the Oil and Gas Authority as an independent regulator for the North Sea oil and gas market could facilitate information exchanges which would ultimately harm competition with the [...]
Kenmare resources share price surges

December 7, 2015

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Bank of England: Poorly designed banker bonus clawbacks can actually encourage risk-taking

December 7, 2015

Poorly designed banker bonus clawbacks can actually encourage risk-taking and short-termism, according to a new blog post by the Bank of England. It argues that bonuses linked to financial performance rather than risk management can encourage excessive risk-taking, as execs expect to suffer large losses when their firm performs poorly, meaning they’re more likely to [...]
Meggitt shares waver after as it expects more savings in 2016

December 7, 2015

Shares in Meggitt rose this morning, after the aerospace and defence group said that although headwinds it experienced this year will continue into 2016, they will be largely mitigated by cost cutting. Meggitt, which manufactures parts for aerospace, defence and energy companies, expects organic revenue growth to be in the low- to mid-single digits in civil aerospace, civil aftermarket and military. [...]
RBS share price rises after it sells off portfolio of Irish real estate loans

December 7, 2015

The Royal Bank of Scotland's (RBS) Ulster Bank today has sold off a portfolio of Irish real estate loans for £360m, as part of a drive to decrease its capital needs. The assets were bought by a subsidiary of Cairn Homes and an affiliate of Lone Star Funds, and the sale is expected to complete by the end of this [...]
Syria crisis: London mayor Boris Johnson says UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad

December 7, 2015

London mayor Boris Johnson has said that the UK should work with Russian president Vladimir Putin and Syrian President Bashar Al-Assad to defeat the Islamic State (Isis). Writing in the Telegraph, Johnson said: "This is the time to set aside our Cold War mindset. It is just not true that whatever is good for Putin must automatically [...]
Three figures showing why Small Business Saturday is so important

December 5, 2015

Small Business Saturday is when Britain's millions of smaller enterprises, set up by enterprising individuals and yet often overshadowed by their bigger counterparts, get their time to shine. The day seeks to draw attention to small business success, while encouraging consumers to "shop local" and support small businesses in their communities. Here's three figures showing why small [...]
Cumbria, Appleby and Keswick flooding: UK weather warnings issued as Storm Desmond hits

December 5, 2015

Parts of the UK were plunged into chaos today as Storm Desmond swept across the country, bringing heavy rain, gale force winds and flooding. There have been 26 severe flood warnings, indicating a danger to life, issued by the Environment Agency. Read more: Insurers already ready for bad weather and Storm Desmond And the Met Office issued its highest red warning for [...]

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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