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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Russia freezes gas supplies to Ukraine

July 1, 2015

Russian gas company Gazprom announced today that it has stopped all natural gas supplies to Ukraine, after a bid to hash out a quarterly price agreement between the two countries fell through. "Ukraine did not pay for July gas supplies," Gazprom said in a statement. "Gasprom halted gas supplies to Ukraine from 10am (7.00am GMT) [...]
Sophos share price jumps in first day of trading

July 1, 2015

Shares in cyber security giant Sophos closed above its initial public offering price during its first day of unconditional trading. Shares in the Abingdon-based firm ended the day up 3.4 per cent to 242p per share at the close in London. Last week it said it would float the shares at 225p per share, which would enable it [...]
UK manufacturing sector growth slumps to a two-year low

July 1, 2015

The UK manufacturing sector grew at its slowest pace in more than two years, partly due to a strong pound strangling European demand for exports. The Markit/CIPS manufacturing purchasing managers' index (PMI) fell to 51.4 in June, the lowest since April 2013, and from a downwardly revised figure of 51.9 a month earlier. However, the [...]
Afren’s share price has mysteriously shot up 82 per cent

June 23, 2015

Shares in embattled oil producer Afren closed up 59.33 per cent to 2.39p per share today – however nobody knows why. Earlier today pundits had taken to Twitter in a guessing game after the oil producer's share price mysteriously shot up as much as 90 per cent to 2.78p per share. The jump is particularly surprising [...]
Neil Woodford’s Patient Capital investment trust slapped with a “sell” rating by broker Stifel

June 23, 2015

Neil Woodford's Patient Capital Trust has been slapped with a "sell" rating by broker Stifel Funds, which warned its share price has leapt ahead of its net asset value (NAV), or the trust's underlying value. Stifel analyst Iain Scouller said the trust's share price had jumped by 16 per cent since May, but just 4.3 per [...]
“Undo send” feature for Gmail is officially here

June 23, 2015

Google has added "undo send" as a formal setting in Gmail for the web, giving users up to 30 seconds to cancel emails after they've hit "send". The feature was available in Gmail Labs, a section that lets users trial experimental, pre-release features. However, most users don't use this section, and "undo send" has now [...]
Eurozone business growth accelerates to a four-year high in June

June 23, 2015

Eurozone business growth accelerated to a four-year high in June, as factories and services firms reported stronger growth and hiring. The Markit Composite Flash Purchasing Managers' Index (PMI) rose to 54.1 in June, up from 53.6 a month earlier, and in line with economists' expectations. PMI has now been above the crucial 50 threshold that separates [...]
What you could buy for a square metre of property in London: a new car, a year’s university fees

June 23, 2015

For the price of one square metre of property in Kensington and Chelsea, you could buy a brand new car, according to figures published by Halifax today. One square metre of property in Kensington and Chelsea costs £11,635 – about the same as a Citroen C4 (around £12,000), a Volkswagon Polo (also £12,000) or a Honda [...]
Ladbrokes share price jumps 16 per cent on merger talks with Gala Coral

June 23, 2015

Shares in Ladbrokes shot up 16 per cent to 141.68p per share this afternoon, after it confirmed reports that it was in merger talks with rival gambling company Gala Coral. Ladbrokes said it was interested in merging its business with Coral Retail, Eurobet Retail, as well as Gala Coral's online businesses. It would give the two [...]
Sir Howard Davies appointment as RBS director pushed back due to UK Airports Commission

June 22, 2015

RBS has said Sir Howard Davies' appointment as a director will be subject to a "short delay" due to his commitment to the Airports Commission, until its final report is published. It had previously been expected that Davies, who is due to become the bank's chairman in September 2015, would've become a non-executive director tomorrow to coincide with the bank's [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

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

By: Jessica Morris

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