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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North Sea oil revenue tumbles to an all-time low

August 23, 2015

North Sea oil revenue plunged to an all-time low in the first quarter of this year according to the Scottish Conservatives. The Scottish government's quarterly national accounts show that it received £168m in tax receipts from the industry between January and March. This is down from £969m in the same period last year the Scotsman has reported. [...]
It’s not just the TfL Tube strike: First Great Western 24 hour rail strike begins

August 23, 2015

It's not just the London Underground that has endured stoppages due to strike action. Train services across Britain face disruption today, after workers from First Great Western walked out for 24 hours from midnight. First Great Western runs services between London Paddington, south Wales, the Cotswolds, the Thames Valley region and the West of England. [...]
Chaos on European markets as FTSE 100 tumbles, while S&P 500 crashes below 2,000 points

August 21, 2015

The FTSE 100 clocked its biggest weekly loss this year, falling 2.8 per cent to 6,187.6 points, while US markets were equally hit, with the S&P 500 crashing below 2,000 for the first time since February. Meanwhile, the pan-European FTSEurofirst 300 closed down three per cent, its worst one-day fall since October. Britain's top share [...]
Volatility on European and Asian markets sets off the Vix “fear index”

August 21, 2015

A widely watched “fear index” jumped 16 per cent in intraday trading to 22.19 points amid increasing concern about a slowdown in China’s economy. A purchasing managers survey released early this morning showed China’s factories shrank at the fastest rate in almost six-and-a-half-years in August. The news has weighed on stock markets in Asia, Europe [...]
XpertHR survey: UK employees’ pay rises stuck at two per cent in the last three month to July

August 21, 2015

UK pay rises stalled in the three months to July, with employers feeling unable, or seeing no need, to offer workers better deals. Basic pay awards in the three months to the end of July stood at two per cent, unchanged since April 2014, according to a survey by XpertHR. The XpertHR pay measure tracks the increase in pay [...]
Trains delayed at Waterloo as signal failure disrupts journeys in an out of Waterloo

August 21, 2015

Commuters journeying in and out of Waterloo faced delays of up to 20 minutes until 10am due to a signalling problem. The National Rail website said a signalling problem between London Waterloo and Clapham Junction is causing disruption to journeys. Trains towards London Waterloo will not call at Berrylands. Passengers should circulate via Surbiton. Trains between [...]
Chancellor George Osborne’s tax breaks for British film industry given go-ahead by EU

August 21, 2015

A new higher rate of film tax relief has been given the go ahead by the European Union. The scheme, first announced in the March Budget, will enable film companies to claim tax relief of 25 per cent on production costs. Chancellor George Osborne confirmed that the EU had agreed the move this morning. "British [...]
Eurozone markets eurostoxx ftse dax cac

August 21, 2015

Political turmoil returned after Greek prime minister Alexis Tsipras resigned last night. The move triggered another round of elections and could threaten the stability of the country’s latest bailout. “We did not achieve the agreement we expected before the January elections. I feel the deep ethical and political responsibility to put to your judgment all I [...]
CBI industrial trends survey: Manufacturing orders unexpectedly improve in August

August 20, 2015

A widely watched industry survey has shown manufacturer's order books unexpectedly improved this month. The CBI's industrial trends survey showed monthly total order book balance increased to -1 from -10 in July. Economists had expected it to remain stagnant. Output continued to grow at a steady pace in the three months to August, and this should continue [...]
Greek snap election on 20 September, Prime Minister Alexis Tsipras set to announce

August 20, 2015

Greek Prime Minister Alexis Tsipras is expected to announce a snap election for 20 September, just months into his party Syriza's rule, according to Greek media reports. A separate report from Reuters claims Tsipras will offer his resignation later today, citing an unnamed government official. It had been widely expected that a confidence vote [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Jessica Morris

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