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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Tom Hayes Libor trial timeline key dates: Former trader accused on attempting to manipulate Libor rate

August 3, 2015

Well, that's it: former UBS and Citibank trader Tom Hayes has been sentenced to 14 years in jail, after being found guilty on eight counts of conspiring to rig the Libor rate. During a nine-week trial, the prosecution painted Hayes as someone who acted in a "thoroughly dishonest and manipulative manner" to mastermind a web [...]
Ex-trader Tom Hayes sentenced to 14 years as he is found guilty on Libor charges

August 3, 2015

Former City trader Tom Hayes was sentenced to 14 years in jail as he became the first person to be convicted over the Libor rate rigging scandal, after being found guilty on all eight counts of conspiring to defraud by a jury at Southwark Crown Court today. The jury had been out for a week, [...]
Greek shares plummet as the Athens Stock Exchange reopens

August 3, 2015

Greece's main stock index continued to haemorrhage today after the cash-strapped country's markets were opened for the first time in five weeks. By this afternoon the Athens Stock Exchange had recovered slightly from the earlier sell-off and was down 16.3 per cent at 667.46 points. It posted its worst ever one-day performance after only a few minutes of trading this [...]
UK manufacturing growth ticks up in July

August 3, 2015

The widely watched Markit/CIPS manufacturing purchasing managers' index (PMI) rose to 51.9 in July, ahead of the previous month's reading of 51.4, and above the crucial 50 mark which indicates growth. But it remained well below the average of 54.3 recorded since April 2013, when the UK economy was beginning to bounce back from the [...]
Government sells off more Lloyd shares, taking its stake below 14 per cent

August 3, 2015

The government has sold off another one per cent of its shares in bailed-out bank Lloyds, taking the taxpayer's stake below 14 per cent. The latest sale means so far it's raised nearly £14bn for the Treasury's coffers through a trickle of share sales, which were initially announced in December. "It’s fantastic news that we’ve sold [...]
Purchasing Managers’ Index: Eurozone manufacturers shrug off Greek debt crisis in July

August 3, 2015

The Eurozone's manufacturing sector continued to grow modestly in July, suggesting any effect from the Greek debt crisis remained limited. Markit's Eurozone manufacturing PMI hit 52.4 in July, ahead of the earlier flash estimate of 52.2, and also above the crucial 50 mark which indicates growth. This also meant it managed to hold close to June's [...]
Afren share price timeline: What went wrong?

July 31, 2015

A torrid year for oil producer Afren came to a bitter end today when it called in the administrators, having failed to agree a new funding deal with lenders. The London-listed company – which was unceremoniously turfed out of the FTSE 250 earlier this year – is one of the first casualties of oil prices, [...]
Lloyds share price falls as profits come in below expectations while total PPI bill surges

July 31, 2015

Shares in Lloyds were down 2.21 per cent this afternoon to 83.81p per share after profits missed expectations and it announced a £1.4bn provision to cover the cost of mis-selling payment protection insurance (PPI). The figures The state-backed bank said pre-tax profit rose 38 per cent to £1.19bn in the six months to the end of [...]
Oil producer Afren goes into administration

July 31, 2015

The story of embattled oil producer Afren came to a sorry end today after the company called in the administrators, having been unable to agree a new funding deal with its lenders. "The board believes that all the possible routes have now been explored during the course of this process, which was subject to a [...]
BG Group share price up 1.7 per cent despite second-quarter profit sliding 65 per cent

July 31, 2015

Shares in BG Group rose 0.83 per cent to 1,097.5p per share in mid-afternoon trade after production rises in the second quarter. The figures BG Group became the latest casualty of the oil price slump as its earnings for the three months ending 31 July fell 65 per cent to $994m (£638m), down from $2.36bn [...]

‘National scandal’: Record-high shoplifting driven by repeat offenders

Italy and UK risk driving Formula 1 away with misguided tax raids

Why the Norwegian Arctic is the best place to see the Northern Lights

By: Jessica Morris

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