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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Quindell share price edges up as it appoints Indro Mukerjee as chief executive

August 17, 2015

Shares in embattled insurance outsourcer Quindell rose 2.15 per cent after it announced it had appointed a new chief executive, two months after the departure of Robert Fielding. Read more: Four things we know about Quindell's new chief exec Indro Mukerjee will start his job on 7 September. His appointment came as the company's business and [...]
This could spell the end of fixed rate mortgages

August 17, 2015

Legislation being shaped by the European Union could make it too expensive for building societies and small banks to offer fixed rate mortgages. If they stopped making these kinds of loans it would vastly reduce the number of fixed-rate mortgages available, according to a report in The Times. Nevertheless bigger banks will still be able to make them [...]
Greek crisis: IMF says Greece needs debt relief after new bailout deal

August 15, 2015

Managing director of the International Monetary Fund (IMF) Christine Lagarde has questioned the ability of Greece to service its debts without some kind of relief, as Eurozone finance ministers approved a third bailout deal. "I remain firmly of the view that Greece’s debt has become unsustainable and that Greece cannot restore debt sustainability solely through actions [...]
Psst … Warren Buffett’s Berkshire Hathaway could be making a secret purchase

August 15, 2015

Psst … Billionaire investor Warren Buffett's Berkshire Hathaway could be quietly making a secret purchase. The most tantalising element of a disclosure, filed with the U.S. Securities and Exchange Commission, was what had been left out. "Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission," it said. [...]
The UK 50-plus employment rate has hit a record high

August 15, 2015

Britain's workforce is being bolstered by a sea of older workers, with the number of people aged 50 and over in employment at a record high. Official data released earlier this week showed the number of people aged between 50 and 64 who have a job rose by 50,000 in the last quarter. And this [...]
Want to boost productivity? Keep your employees happy

August 15, 2015

Perhaps the ping-pong tables, free food and other employee perks beloved of trendy tech companies aren't just gimmicks after all. Adding new product lines, expanding into new markets or simply cutting costs are some of the ways businesses typically boost their profits. But according to a study entitled "happier workers, higher profits" companies can also do [...]
Greek crisis: Eurozone ministers agree to third bailout

August 15, 2015

Eurozone finance ministers last night agreed to a third bailout deal for Greece, helping the cash-strapped country avoid bankruptcy and almost certain exit from the single currency bloc. "New loans of up to €86bn (£61bn) will be made available over the next three years to Greece," the European Commission said in a statement made after [...]
FTSE 100 gives up gains for the year

August 15, 2015

Britain's top share index has given up its gain for this year, after a choppy week in equity markets. The blue-chip FTSE 100 index finished the week 0.27 per cent lower at 6,550.77. It closed at 6,556.10 at the end of 2014, although it had risen to a record 7,122.74 points in late April. Oil companies led [...]
“Flash crash” trader Navinder Singh Sarao to be freed on bail

August 15, 2015

The British trader accused of causing the 2010 US Flash Crash was released from prison today after being granted bail by a judge. Navinder Singh Sarao, who has been held at Wandsworth prison since his arrest in April, had his bail reduced to £50,000 from £5m. The US Justice Department (DoJ) subsequently said he can [...]
Eurozone economic growth misses expectations in the second quarter

August 15, 2015

The Eurozone economy put in a disappointing performance in the second quarter, held back by France, despite the European Central Bank's (ECB) generous stimulus package. A flash estimate from Eurostat showed the 19-country bloc grew 0.3 per cent in the three months to June, down from 0.4 per cent in the first quarter, and coming [...]

Goldman Sachs raises oil price forecast as war disruption rages on

Four Champ Rugby clubs in talks with new investors

Race a McLaren at the UK’s most exhilarating track day

By: Jessica Morris

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