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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William Hill share price falls after it warns on full-year profit

October 23, 2015

Another bad day for UK bookies, after William Hill issued a profit warning, causing its shares to fall. The figures UK bookie William Hill has said full-year operating profit will be at the bottom of analysts' consensus, with the market currently forecasting £290.9m to £312.1m. The warning came as net revenue fell nine per cent in the 13 [...]
EU referendum 2017: British support for a Brexit is at its highest since 2012

October 23, 2015

A new poll has shown the number of Brits who want to leave the European Union is on the rise, as immigration becomes an increasingly topical issue. Pollster Ipsos Mori said yesterday that British support for an exit has risen to 39 per cent, the highest level since 2012, up from 27 per cent in June. However, most Brits [...]
European Central Bank to re-examine monetary stimulus in December as it holds key interest rates

October 22, 2015

The euro tumbled against the pound this afternoon, after European Central Bank (ECB) boss Mario Draghi hinted an even bigger "bazooka" could be fired at the Eurozone in December. In his opening remarks, Draghi reiterated that the emerging market slowdown and financial market turbulence pose downside risks to the outlook for growth and inflation in the Eurozone. "Most notably, the strength and [...]
London mayor Boris Johnson unveils plans to build 200,000 homes as part of his “city in the East”

October 22, 2015

London Mayor Boris Johnson wants to expand the capital eastwards by building more than 200,000 homes, after new research showed the area's building potential is actually four times greater than previously thought. Johnson's "City in the East" plan, launched today, stretches from from London Bridge to the Isle of Dogs and Greenwich Peninsula, through to Ilford in Essex and Dartford [...]
Debenhams share price rises as chief executive Michael Sharp reveals plan to step down “some time in 2016”

October 22, 2015

Debenhams' share price opened up this morning as chief executive Michael Sharp confirmed he plans to leave the struggling department store business “sometime in 2016”. Sharp, who has been at the helm since September 2011, will stay on during Christmas and into the new year to help the board find his successor. “This process will evaluate internal [...]
Foxtons says London property transactions at “historically low levels”

October 22, 2015

Upmarket estate agents Foxtons has said strong house price growth and stamp duty charges mean the capital's property transactions remain stuck at "historically low levels", pushing its focus towards outer London. Foxtons has opened seven new branches in the last year, most recently in high growth, outer London areas. "We are in a strong position to capitalise on market growth [...]
Mothercare turnaround plan on track despite currency headwinds

October 22, 2015

Mothercare's turnaround is on track after a solid second quarter performance, despite challenges from foreign currency headwinds. The childcare retailer, which is part-way through a significant overhaul implemented last year by chief executive Mark Newton-Jones, has grown UK like-for-likes 6.5 per cent, while total UK sales rose 1.8 per cent. Online sales under the former [...]
London Stock Exchange “confident” for 2015 after Worldpay IPO

October 22, 2015

The figures The London Stock Exchange's revenue from continuing operations rose 12 per cent to £326.4m in the three months to the end of September, while headline income rose 85 per cent to £589.3m, it said today. This was buoyed by its information services division, where revenue increased 44 per cent to £133.7m, on the back of good growth at the FTSE and contribution from [...]
Roofing group SIG issues a profit warning for 2015

October 22, 2015

Roofing group SIG has issued a profit warning, lowering its full-year guidance by 18 per cent on previous estimates. The company, which specialises in insulation and energy management, said full year profit before tax would come in at around £85m to £90m for 2015. Figures for 2016 are currently unchanged, pending a review on 16 [...]
Iron ore prices fall to three-month low

October 22, 2015

Iron ore prices fell to the lowest level since July, amid a supply glut and crumbling global demand, particularly from its biggest consumer China. Benchmark 62-per cent grade iron ore for delivery to China's Tianjin port fell 0.8 per cent to $52.10 a tonne on Tuesday, according to The Steel Index. That was its lowest since [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Jessica Morris

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