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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FTSE 100 poised for longest losing streak since 2011

August 20, 2015

Britain's top share index fell for the eighth straight session today, putting it on course to clock its longest losing streak since 2011. The FTSE 100 was also down more than 10 per cent from its recent record high of 7,122.74 points hit in April – taking it into official correction territory, Britain's FTSE 100 [...]
Co-operative Bank losses nearly treble as turnaround plan gets underway

August 20, 2015

The figures Co-op Bank said it made a loss of £204.2m in the first half of 2015, up from a £77m loss in the same period last year, however this was slightly better than expected. The bank’s operating income slumped to £236.5m during this period, from £307.3m in the first half of 2014. This included losses [...]
George Osborne wants to build more homes in the countryside

August 20, 2015

Chancellor George Osborne wants to reform planning laws and make it easier for villages to build new houses. The chancellor said more people are moving to the countryside with rural areas of England experiencing net internal migration of more than 60,000 a year. "This government is determined to support the millions that already choose a [...]
Greek crisis: Greece repays €3.2bn debt due to the European Central Bank

August 20, 2015

Athens today met the deadline for a €3.2bn (£2.3bn) payment to the European Central Bank (ECB) using new funds from its bailout deal. Greece received €13bn in financial aid today, most of which will be used to pay down debt. A further €10bn was made available via European Stability Mechanism (ESM) notes to recapitalise Greece's banking system. "Today’s [...]
Tesco share price falls as supermarkets suffer for third day amid renewed concerns about discounters Aldi and Lidl

August 20, 2015

When one supermarket sneezes, it seems the rest catch a cold. Shares in troubled supermarket Tesco fell to their lowest level since January this morning, two days after Asda reignited concerns over the threat from German discounters. Tesco shares dropped 1.77 per cent today, while Sainsbury's shed 0.77 per cent. Both are down about four percent since [...]
Ill-designed European Union risks fixed-rate mortgage lending in the UK

August 20, 2015

Fixed rate mortgages are massively popular with consumers, 68 per cent of all mortgage products from building societies in the first half of 2015 were fixed rate. With the narrative from the Bank of England hinting that the base rate will start to rise later this year or early 2016, the drive from the public [...]
Glencore share price falls to record low as profits plunge amid commodities rout

August 19, 2015

The figures Glencore reported a net loss of $676m (£431m) in the first half of 2014, thanks to tumbling commodity prices. That's down 139 per cent from a $1.72bn profit during the same period a year earlier. The company said adjusted earnings before interest, tax, depreciation and amortisation – another measure of profitability – fell [...]
US consumer price index inches up for sixth consecutive month

August 19, 2015

US consumer prices rose for the sixth month in a row in July, suggesting inflationary pressures are beginning to stabilise. Figures from Labour Department today showed the consumer price index nudged up 0.1 per cent last month. This just missed economists' expectations for a 0.2 per cent rise. At the same time, consumer prices rose 0.2 per [...]
Admiral Group share price soars as first half profit inches up

August 19, 2015

Insurer Admiral climbed to the top of the FTSE 100 today after its shares jumped 4.6 per cent to 1,534p per share in early afternoon trade. The Cardiff-based group reported pre-tax profit rose one per cent to £186.1m in the six months to 30 June 2015, from £184.9m during the same period a year earlier. This smashed analysts' [...]
LinkedIn: Top 20 countries where professionals are moving for work

August 19, 2015

The economy appears to be recovering, the jobs market is booming and wages have finally started to creep up. However this isn't enough to stop bored British workers seeking new opportunities a little further afield. LinkedIn has analysed changes members made to their profiles last year to find countries with the most members moving in [...]

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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