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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Oops: Republican Presidential candidate Donald Trump “exaggerated his wealth”

July 29, 2015

Republican Presidential candidate Donald Trump has overstated his wealth to the tune of $7.1bn (£4.5bn), according to an analysis by the Bloomberg Billionaires Index. The brash businessman and property magnate's campaign team has said his net worth was more than $10bn, citing the value of his properties in New York, San Francisco, Miami and many other places [...]
Jury sent out to consider verdict in Tom Hayes libor-rigging trial

July 29, 2015

The jury has been out to consider the verdict in the trial of former trader Tom Hayes who is accused of attempting to manipulate the Libor rate. The former UBS and Citigroup yen derivatives trader, who is 35, denies eight charges of conspiracy to defraud between August 2006 and September 2010. Prosecutors have branded Hayes "greedy" and [...]
This chart shows how many current account switchers Barclays, HSBC, Lloyds and NatWest have lost

July 29, 2015

New rules which make it easier for customers to change current accounts resulted in a four per cent increase to 1.1m switches, compared to 1.06m during in same period a year earlier. The rules, introduced in October 2013, allow customers to switch accounts within seven working days, with all outgoing and incoming payments transferred automatically. [...]
European Central Bank says Twitter can predict which direction stocks are heading

July 29, 2015

Market mavens should keep an eye on Twitter if they want to know which direction their stock picks are heading, or at least that's what recently published research conducted by the European Central Bank has found. Researchers crunched over 310,000 tweets between 2010 and 2012 containing the words "bullish" or "bearish" – because these are generally used [...]
Three charts showig how working in London differs to other cities

July 29, 2015

A London working week is typically associated with long hours, heavy workloads as well as demanding clients, but a report released this week by Centre for Cities has shown there are some perks to working in the big smoke. Londoners are more likely to be in employment than their counterparts in large, medium and small city centres. [...]
Greek bailout talks delayed amid security concerns

July 29, 2015

Talks on a third bailout deal for Greece failed to start after international creditors said they hadn't found a location which could provide the necessary security. Greek officials had said the talks to secure a new bailout deal worth up to €86bn (£60.8bn) would start today, however they were delayed thanks to concerns there wasn't [...]
Bank of England’s Andy Haldane says “no rush” to hike interest rates

July 29, 2015

The Bank of England's chief economist Andy Haldane has said that there's "no rush" to raise interest rates, as some members of the monetary policy committee appear to be gearing up to vote for a rise next month. Haldane argued that the economy is still healing from the financial crisis, inflation remains extremely low and global risks [...]
Greece invites the IMF to join in upcoming bailout talks

July 29, 2015

The International Monetary Fund (IMF) yesterday confirmed that it had been invited by Greece to enter into negotiations with European creditors over a third bailout deal worth up to €86bn (£60.8bn). "We confirm that we have received a letter from the Greek authorities indicating that they are seeking a new loan facility from the IMF. We [...]
Pearson in talks to sell Economist Group stake after FT Group sale

July 29, 2015

Publisher Pearson is said to be in talks to sell off its 50 per cent stake worth about £400m in the Economist Group to other shareholders. A source told the Financial Times that a deal should be wrapped up at some point this summer and potential buyers include families such as Schroders, the Cadburys and the [...]
China stocks suffer biggest one-day drop since the financial crisis

July 29, 2015

There was more pain for investors in Chinese equities overnight after the stock market suffered its biggest one-day fall since February 2007. China's main Shanghai Composite Index shed 8.5 percent, to 3,725.56 points, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen plunged 8.6 percent, to 3,818.73 points. Read more: Are Chinese equity markets a bubble [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

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

By: Jessica Morris

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