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 Stock Exchange Group to sell Russell Investments for £752m

October 8, 2015

The London Stock Exchange Group has agreed to sell asset manager Russell Investments to US private equity firm TA Associates for £752m. The London Stock Exchange initially announced its intention to sell Russell Investments, which it acquired when it bought the Frank Russell investment firm last year, in February. The group expects the index business to be completely separated from Russell Investments [...]
FTSE closes higher after Bank of England keeps rates unchanged

October 8, 2015

Britain's blue-chip index closed up 0.6 per cent to 6,374.82 points today, after the Bank of England (BoE) voted 8-1 in favour of holding interest rates at a record low 0.5 per cent. The Bank's monetary policy committee – which is charged with setting interest rates – pushed back its forecast for when inflation will return to [...]
Why economic downturns could boost your health

October 7, 2015

One silver lining of a sickly economy is that it can make people healthier. It's hardly surprising that the devastating effects of an economic crisis take their toll on people's mental health. But high unemployment and low wages also leaves people with less money to spend, squeezing sales of booze and cigarettes, and improving their physical health. [...]
Federal Reserve Chair Janet Yellen reiterates US on course to hike interest rates this year

October 7, 2015

Federal Reserve chair Janet Yellen today reiterated that the US is on course to raise interest rates this year. Speaking a week after the Fed delayed a rise in borrowing costs, she said inflation is being weighed down by temporary factors such as a strong dollar and low oil prices. However as these decrease inflation [...]
Airbus files patent for “stacked” passenger seats

October 7, 2015

The future of economy air travel looks like it will be a lot less comfortable, if Airbus patents are anything to go by. The aircraft manufacturer has filed a patent with the US Patent and Trademark office, and while it features several possible designs, essentially seats are stacked on top of one another. "In modern means of transport, in [...]
FIFA president Sepp Blatter “provisionally suspended for 90 days” by Fifa ethics committee

October 7, 2015

Fifa president Sepp Blatter has been "provisionally suspended for 90 days" by the Fifa ethics committee, according to media reports. Klaus Stoehlker, who has advised Blatter in the past, told Sky News that the committee made the ruling in light of further investigations by the Swiss authorities. He said that the Swiss attorney general's investigation was [...]
NIESR says UK economy slowed in the third quarter

October 7, 2015

The National Institute of Economic and Social Research (NIESR) has found economic growth remained stuck at 0.5 per cent in the three months to September, having grown by the same amount between June and August. This also represents a slowdown from a growth rate of 0.7 per cent in the second quarter of this year, according to [...]
What China’s yuan surpassing Japan’s yen means

October 7, 2015

Over the past few months, global investors have watched China grapple with financial turmoil and the devaluation of its currency. This is in contrast to the news that China’s renminbi has surpassed the Japanese yen, securing the spot as the world’s fourth-most-used payment currency. In August 2012, the renminbi was sitting in the 12th spot, [...]
The Bank of England’s October minutes and interest rate decision: What economists will be watching

October 7, 2015

With the minutes from the Bank of England's October meeting expected to be somewhat uneventful, economists are preparing to drill into the detail for clues as to when it will start raising interest rates. Tomorrow's meeting is the one before so-called "Super Thursday", which will see the release of the Bank's interest rate decision, minutes and [...]
Monsanto share price rises as it announces 2,600 job cuts

October 7, 2015

Shares in seed giant Monsanto rose today after it announced 2,600 job cuts and restructuring operations to cut costs amid a commodity price rout. The New York-listed group expects to make savings of $275 (£180m) to $300m by the end of fiscal year 2017, at a total cost of approximately $850 to $900m. Monsanto is also developing plans to reduce [...]

Fractile lands $220m as ministers hail ‘vote of confidence’ in UK AI

Ryder Cup captain Donald did not broker Rahm peace deal

Team behind BuzzBallz launch new shots – available in London off-licences now

By: Jessica Morris

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