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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Transport for London unveils design for new Crossrail train

November 20, 2015

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South east and London: These regions feel most confident about house price growth according to Knight Frank and Markit Economics

November 20, 2015

Homeowners in the south east and London think they're sitting on the property equivalent of a gold mine. The Knight Frank and Markit Economics house price sentiment index (HPSI) showed that those in the south east expect the biggest rise in their value of their homes over the next year, followed by Londoners. In fact, expectations for house price [...]
Euro falls as European Central Bank boss Mario Draghi hints at rate cut and changes to QE…again

November 20, 2015

Dovish coos from European Central Bank boss Mario Draghi has sent the euro low against the dollar…again. Speaking at the European Banking Congress in Frankfurt today, he said: "We consider the asset purchase programme to be a powerful and flexible instrument, as it can be adjusted in terms of size, composition or duration to achieve a [...]
ABN Amro share price rises after it sets IPO price at €17.75 per share

November 20, 2015

Bailed-out bank ABN Amro priced its shares at €17.75 (£12.42) per share, the mid-point of its proposed range, giving it a market capitalisation of €16.7bn. The dutch government sold 188m shares, amounting to a 23 per cent stake, at €17.75 (£12.42) per share, helping it re-coup €3.3bn. "The stock market lising is an important milestone," Gerrit Zalm, chief executive of ABN [...]
Standard & Poor’s: Dismantling Europe’s old nuclear power plants will run up a €100bn bill for EDF, E.ON, RWE and others

November 19, 2015

Dismantling Europe’s old, uneconomic power plants will impose heavy costs on Europe’s biggest operators, something which could strain their balance sheets, and hit their credit rating. Nuclear liabilities of the largest eight nuclear plant operators in Europe totaled €100bn at the end of last year, representing around 22 per cent of their aggregate debt, according [...]
Saudi Arabia’s oil minister Ali al-Naimi calls for more investment in the oil industry

November 19, 2015

Saudi Arabia's oil minister, Ali al-Naimi, has warned investment in the oil industry must keep pace with forecasts for future demand to ensure the stability of the market. Speaking at an energy conference in the Bahraini capital Manama, Naimi said: "Demand for oil is continuing to rise". "To meet this growing need, there should be a continuation [...]
Lonmin share price falls as shareholders approve crucial rescue plan

November 19, 2015

Investors in Lonmin have provisionally approved a rescue plan to enable the embattled platinum miner to raise $407m (£266) through a share sale, as it attempts to stay afloat amid a commodity price storm. Nearly 90 per cent of shareholders backed the South African producer's rights issue, paving the way for it to sell billions of shares at a huge market [...]
UK manufacturing PMI shows job cuts for the first time since 2013

November 19, 2015

The UK's manufacturing sector ended the second quarter of this year in lacklustre fashion, prompting firms to cut jobs for the first time in two-and-a-half-years. The widely-watched purchasing managers' index (PMI) for manufacturing dropped to 51.5 from a revised reading of 51.6 the previous month. This was the 30th consecutive month it's been above the [...]
Dong Energy to pump £6bn into the Humber region as it builds a fleet of wind turbines

November 19, 2015

Denmark’s Dong Energy will pump £6bn into the Humber region between 2013 to 2019, as it builds a fleet of offshore wind turbines close to the coast of the Humber estuary. Dong currently has two offshore wind farms in the Humber region, and two projects in the construction phase. It's also acquired the lease for [...]
HMRC tax offices closures could actually cost the taxpayer

November 19, 2015

Her Majesty’s Revenue and Customs’ announcement that it plans to save £100m by closing 137 local offices will hit taxpayers hard and make dealing with the Revenue at a personal level almost impossible. HMRC’s failure to get anywhere close to meeting its published customer service standards or make any real impact in tackling non-compliance, avoidance [...]

School of Hard Knocks and Investec celebrate spring rugby tournament

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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