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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Outgoing BoE official says interest rates to rise “pretty soon”

August 19, 2015

Outgoing Bank of England (BoE) rate-setter David Miles has said that the time for interest rates to rise from the record low is drawing closer. Speaking during an interview on BBC Newsnight Miles, who has already cast his final vote as member of the monetary policy committee (MPC), said that rates would rise "pretty soon", adding: "I don't think it's [...]
FCA drops investigation into Quindell in light of Serious Fraud Office probe

August 18, 2015

The Financial Conduct Authority (FCA) has dropped its investigation into troubled insurance outsourcer Quindell with immediate effect, making way for the criminal investigation being carried out by the Serious Fraud Office (SFO). "Quindell announces that it has been informed by the FCA that, in light of the investigation by the SFO into past business and accounting [...]
UK inflation: Pound hits seven-week high as inflation unexpectedly hits 0.1 per cent in July

August 18, 2015

The pound hit a seven-week high against the greenback this morning as investors cheered a better-than-expected inflation figure. Official data showed the consumer price index rose 0.1 per cent in the year to July, from zero a month earlier, beating economists' expectations for no change. Nevertheless inflation still remains well below the Bank of England's target [...]
UK inflation: Business groups IoD and BCC split over when BoE should raise rates

August 18, 2015

Two of Britain's biggest business groups have clashed over when the Bank of England (BoE) should raise interest rates, after today's inflation data. Official data released this morning showed inflation unexpectedly rose 0.1 per cent in the year to July. But this remains well below the BoE's target for two per cent. At the same [...]
Glencore

August 18, 2015

The figures Net income of $780m (£498m), a sharp contrast to the $2bn it made in the same period last year Why it's interesting Crumbling global commodity prices have consistently pushed miners such as Glencore to the bottom of In recent weeks, tumbling global commodity prices, have consistently pushed miners such as Glencore to the [...]
UK inflation: Rail fares have risen “three times faster” than wages – but next year will be lowest increase for years

August 18, 2015

Next year could the the first time in years that commuters beat the annual rail fare rise, with the rate based on July's inflation data published today. Economists have previously tipped the inflation measure to be around one per cent for July – the month which regulated rail fares are set by. That would make it [...]
Bank of England policymaker Kristin Forbes warns against keeping interest rates low for too long

August 17, 2015

Bank of England policymaker Kristin Forbes has warned keeping interest rates low for too long risks undermining Britain's economic recovery. Earlier this month, when the monetary policy broke unanimity and voted 8-1 to hold rates, Forbes chose to stick with the majority. The US economist and external member of the monetary policy committee (MPC) said there [...]
Tower Bridge chamber to become a music venue

August 17, 2015

One of Tower Bridge's immense cavernous chambers, lying below river-level, will become one of city's more unconventional music venues. The south bascule chamber, normally out of bounds to the public, is being turned into a concert hall for the upcoming Totally Thames Festival. Concert-goers will have to walk down 120 steps from bridge level to access [...]
Eurozone trade surplus hits six-month high amid weak euro

August 17, 2015

The Eurozone's trade surplus soared to a six-month high in June, as growth in exports outpaced imports. The euro area's official statistics agency said it hit €26.4bn (£18.7bn) during the month, up from €16bn a year earlier. Exports from the single currency area to the rest of the world rose 12 per cent to €182.7bn in the [...]
Four things we know about Quindell’s new chief executive Indro Mukerjee

August 17, 2015

Quindell today announced the appointment of new chief exec Indro Mukerjee, two months after the departure of Robert Fielding. Mukerjee, who takes the helm on 7 September, said he plans to focus on improving its offering to customers, as well as boosting shareholder value. Here are four things we know about the insurance outsourcer's new boss. He was [...]

Firms slash jobs at fastest pace this year and pay growth slows

New insurance products for female sports stars must cover fertility care

Why I love hotel restaurants – and two of my favourites

By: Jessica Morris

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