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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Ball’s proposed takeover of Rexam faces hurdle from the European Commission

October 1, 2015

The European Commission has sent a list of concerns to US can maker Ball over its proposed £4.3bn takeover of FTSE 250-listed firm Rexam. This doesn't mean Ball's takeover of Rexam can't go ahead, but the US company will have to come up with some concessions to appease the antitrust regulator. It's likely the two [...]
Hailo sides with London cabbies in Uber dispute as it ditches private hire

October 1, 2015

The battle between black cabs and taxi apps has just ramped up another notch. Hailo, a mobile app which lets users hail a black cab or private minicab, today announced it had resigned its private license and is returning to black cabs only in London. This comes as Transport for London is initiating a consultation on [...]
Rexam share price jumps 25 per cent on £4.29bn takeover talks with US-based rival Ball Corporation

October 1, 2015

Rexam's share price soared today after the can maker said it was in talks over a potential bid by US rival Ball Corporation in an offer valuing the company at £4.29bn. FTSE 250-listed Rexam's share price leapt as much as 29 per cent to 576 pence per share in early afternoon trading. The announcement came [...]
Here’s what drove British household spending in the second quarter of 2015

September 30, 2015

While Brits went mad for games, toys and hobbies in the second quarter, they were less keen on wine, beer and other tipples. Household spending in volume terms, when adjusted for inflation, increased 0.8 per cent to £2.3bn during this period, according to official data released today. People splurged on the "recreation and culture" sector [...]
Glencore share price rises after chairman Tony Hayward buys more shares

September 30, 2015

This is either a vote of confidence in the company's prospects, or a baby step towards a surreptitious management buyout – either way, one Glencore exec has decided to increase his stake in the commodities miner and trader today. Glencore chairman Tony Hayward has hoovered up an additional 100,000 shares at 91p per share, according to [...]
Fitch warns global growth will be slowest since 2009

September 30, 2015

Credit ratings agency Fitch has warned global growth is set to be the slowest since the depths of the financial crisis this year. Fitch said it expects the global economy will grow by just 2.3 per cent this year, the weakest since 2009, and less than the agency's June forecast. The weakness will come from [...]
Standard & Poor’s thinks the European Central Bank will extend its quantitative easing programme

September 30, 2015

Credit ratings agency Standard & Poor's (S&P) has said it sees signs the European Central Bank (ECB) could extend its quantitative easing programme beyond September 2016. S&P said the euro has strengthened against the currencies of slowing emerging market economies. This will make it harder for the ECB to meet its inflation target of just [...]
Eurozone inflation unexpectedly turns negative in September

September 30, 2015

Large falls in energy prices pushed the Eurozone back into deflation for the first time in six months, according to an initial estimate from the official statistics agency. Consumer prices across the single currency bloc fell to minus 0.1 per cent in September, more than economists expected, and down from plus 0.1 per cent a [...]
Global markets on track for worst quarter since 2011

September 30, 2015

The commodity price rout, fresh concerns over the Chinese economy as well as its shock devaluation, and the prospect of the first interest rate rise from the US Fed since 2006 are some of the factors which made this summer a white knuckle ride for investors. Given this, it's hardly surprising that global markets are [...]
Three numbers that sum up the VW scandal

September 30, 2015

11m [XX] per cent of total cars in the world 1.2m [XX] per cent of total cars in the UK

Construction firms slash jobs after biggest-ever cost inflation rise

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The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Jessica Morris

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