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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Glencore share price gives up gains

November 21, 2015

Shares in troubled Glencore closed down 1.6 per cent to 90.12p per share today, after suddenly slipping into the red this afternoon. This came despite the announcement that board member and former Morgan Stanley boss John Mack has bought 500,000 shares in the company. The company's shares had risen for the third consecutive day at [...]
The global tax report 2015 by Knight Frank and EY: Shanghai and Monaco are where foreign investors are offered the lowest property costs and taxation

November 21, 2015

International investors buying foreign property can get the lowest costs in Shanghai, according to a new report. However, it's Monaco that offers the lowest taxation when purchasing a property at both $1m and $10m (£7m). The slowing rate of property price growth in many cities worldwide has made transaction costs and taxation increasingly important factors for buyers. The global tax report 2015 [...]
November Spending Review 2015: Chancellor George Osborne to say basic state pension will rise by the most in 15 years in 2016

November 21, 2015

The basic state pension is set to rise the most in real terms since 2001, according to media reports. Chancellor George Osborne will confirm that 2.9 per cent increase to £119.30 a week from April 2016 in next week's widely anticipated Spending Review. The government has committed itself to a so-called "triple-lock" on state pensions over the next five [...]
Npower could be sold off by parent company German utility RWE

November 21, 2015

German utility company RWE could sell off Npower if it can't find a way to turn the struggling business around. Bernhard Guenther, RWE's chief financial officer, told Reuters during an interview that it will take at least until 2017 to return the British energy firm to profit, and investors are questioning whether it's worth holding onto. "We're not [...]
Greek debt crisis: Final decision to unlock more cash due on Monday when the European Stability Mechanism board meets

November 21, 2015

Remember the Greek debt crisis? While the country's cash flow problems made headlines earlier this year, things have simmered down since then. Now Greece is awaiting a final decision, likely to come on Monday, paving the way for the disbursement of the next tranche of loans, as Eurozone finance ministers neared an agreement yesterday. To receive the money, [...]
Cisco share price rises as it snaps up London-based software company Acano for $700m

November 20, 2015

London-based conferencing software company Acano is to be snapped up by Cisco for a cool $700m (£459m), the US tech company said today. Cisco hopes the move will help it capitalise on what the company describes as a massive shift in the video connection market whereby "customers want the ability to easily connect from anywhere, from [...]
Abercrombie & Fitch share price soars as third quarter profit more than doubles

November 20, 2015

Shares in Abercrombie & Fitch were up 17.2 per cent to $22.9 per share in pre-market trading today, after the US fashion chain reported third quarter profit more than doubled. Net income attributable to the company rose to $41.9m (£27.5) in the 13 weeks ended October 31, up from $18.2m a year earlier. While total revenue slumped [...]
Jobs saved as part of collapsed steel firm Caparo sold off

November 20, 2015

Part of the collapsed steel firm Caparo has been sold off, safeguarding the jobs of 76 employees, its administrators PWC said today. Caparo Testing Technologies, which tests and inspects parts, has been sold to another testing and inspection company Applus+. The sale will save jobs in four locations and two customer sites across the Midlands and south of [...]
UK government borrowing for October worst in six years ahead of Autumn Statement

November 20, 2015

UK government borrowing figures for October were the worst in six years, providing a potential hindrance to the government's plans to whittle down the deficit. The Office for National Statistics today said public sector net borrowing, excluding banks, rose to £8.2bn in October from £7.1bn a year earlier. This significantly overshot economists' expectations for it to fall [...]
New Crossrail train revealed: TfL unveils design for £1bn train fleet with 4G, Wi-Fi and air-con as standard

November 20, 2015

Transport for London today unveiled the design of the Crossrail trains that are due to enter service from May 2017. The new trains are being built by Bombardier Transportation's UK factory in Derby. Each train will provide space for 1,500 customers in nine fully-interconnected, air-conditioned, walk-through carriages with 4G and Wi-Fi as standard. (Source: TFL) [...]

Mel Stride: Markets have issued ‘damning verdict’ on Labour

Matchroom could move into booming rugby in a big way, says Hearn

London Sports Festival Serves Up Pickleball in New Street Square

By: Jessica Morris

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