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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Global markets on track for worst quarter since 2011

September 30, 2015

The commodity price rout, fresh concerns over the Chinese economy followed by its shock devaluation, uncertainty surrounding the Greek bailout deal, the prospect of a September interest rate rise from the Fed were some of the factors that made this summer a white knuckle ride for investors. Federal Reserve's first interest rate rise since 2006. [...]
RBS mulls buying back shares to cut government stake

September 29, 2015

RBS is considering buying back its own shares to help the UK government whittle down its 73 per cent stake more quickly, according to the bank's boss. "I would rather participate as the government is selling down … I think it's probably the best thing for all investors, where excess capital goes back through buy-backs," [...]
Glencore share price slips back while reports suggest it held a secret meeting with investors

September 29, 2015

Embattled Glencore reportedly held a secret meeting with an influential investor trade body yesterday, over the commodities miner and trader's £1.6bn share placing earlier this month. A meeting took place between the Investment Association – whose members manage £5.5 trillion of client assets – and John Burton, Glencore's company secretary, according to Sky News. The summit focused [...]
Volkswagen share price falls as it signals recall of 11 million diesel vehicles

September 29, 2015

Volkswagen has signalled it will recall up to 11m vehicles as part of its response to the emissions scandal which has engulfed the carmaker over the last two weeks. New chief executive Matthias Mueller told a closed-door gathering of about 1,000 top managers at Volkswagen’s Wolfsburg headquarters late yesterday that the carmaker has drawn up a “comprehensive” [...]
The Bank of England is being probed by the Serious Fraud Office over liquidity auctions during the financial crisis

September 29, 2015

The Bank of England (BoE) is being probed by UK investigators over whether the central bank's emergency auctions held during the onset of the global financial crisis were rigged. The Serious Fraud Office (SFO) is looking into whether banks and building societies were told to offer roughly the same amount of collateral, meaning no lender would [...]
Volkswagen emissions scandal: Share price falls as it’s removed from the Dow Jones Sustainability Indices

September 29, 2015

Embattled carmaker Volkswagen has been cut from the leading Dow Jones Sustainability Index (DJSI) due to the fallout from its emissions scandal. From the close of trading on October 5, Volkswagen will no longer be part of the index according to its organisers RobecoSAM and S&P Dow Jones Indices. The DJSI benchmarks companies on social, [...]
Wolseley share price falls as it cuts outlook for revenue growth

September 29, 2015

Shares in Wolseley slumped 10.7 per cent to 3,730p per share after the plumbing and heating group slashed its outlook for revenue growth this morning. Wolseley said it expected to generate like-for-like revenue growth of about four per cent in the six months to January 2016, down from a six-month forecast of six per cent it [...]
End of the world’s biggest ever credit boom means there will be more “Glencores” ahead

September 29, 2015

It’s the great unwind show. Admittedly, Glencore’s latest problems may run deeper and look more specific, but together with Vale and Rio, the other great international mining houses plus their suppliers, like America’s Caterpillar, all are suffering the fall-out from the end of the world’s biggest ever credit boom. Oil is testing recent lows and [...]
Austerity has failed and Labour shadow chancellor John McDonnell is right that the Bank of England needs a new mandate

September 29, 2015

Labour’s shadow chancellor John McDonnell set out his ideas for the first time yesterday. Central to this is a new kind of economics; one that worries about the well-being of the man on the street, and not just the haves. That is a welcome development. He is right to say that the Labour Party needs [...]
Rental property legal changes: A minefield for agents and landlords

September 29, 2015

A cornerstone of the buy-to-let boom will fundamentally change on 1 October. With little guidance to assist and severe consequences for non-compliance, it looks like tricky times are ahead for landlords and letting agents. Since 1988 a landlord wanting to get their property back at the end of a tenancy simply had to correctly complete [...]

Space stocks lift off as investors eye Space X moment

North Korea using elite rugby to entice English teachers from Britain

Carbone London review: Electric vibes, but the food…

By: Jessica Morris

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