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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HSBC and JP Morgan mulling movings part of their business from the City to Luxembourg

June 16, 2015

Two of the City's biggest banks HSBC and JP Morgan are reportedly in talks to move parts out of their business out of the City and into another big European financial center Luxembourg.
UK shrugs off deflation as prices rise 0.1 per cent in May

June 16, 2015

Inflation rose by 0.1 per cent in the year to May according the Office for National Statistics, up from -0.1 per cent a month earlier, and ending a brief spell of deflation. "The largest upward contribution to the change came from transport services, notably air fares with the timing of Easter in April a likely [...]
European Central Bank president Mario Draghi tells European Parliament ball lies “squarely” in Greece’s court

June 15, 2015

European Central Bank chief Mario Draghi said today that the ball lies in Greece's court, during a testimony before the European Parliament's Economic and Monetary Affairs Committee, after talks stalled last night. "While all actors will now need to go the extra mile, the ball lies squarely in the camp of the Greek government to take [...]
S&P: Greek non-payment to ECB “wouldn’t mean default”

June 15, 2015

If Greece fails to repay €6.7bn (£4.8bn) worth of bonds held by the European Central Bank (ECB) at the end of July, this will not constitute a default, at least under criteria from credit ratings agency Standard & Poor's (S&P). Read more: With no deal on the cards, would the Eurozone be able to contain contagion from Greek [...]
Cultivating London’s next generation of tech entrepreneurs

June 15, 2015

Digital technology is changing the world, but the pace of that change is still breathtaking. In three years, Airbnb amassed as many hotel rooms as the Hilton dynasty did in a century. Ten years ago, Twitter didn’t exist – now it has more than 300m users. And Spotify adds around 20,000 tracks to its 30m-strong [...]
Russian central bank slashes key interest rate

June 15, 2015

The Central Bank of Russia has slashed its main interest rate by one percentage point to 11.5 per cent, amid a strengthening currency and inflation risks. It's slowed the pace at which it was cutting rates – the central bank cut the main interest rate by two percentage points in January, one percentage point in March and [...]
Tesco must find £5bn to rebuild its balance sheet, says Moody’s

June 15, 2015

Troubled Tesco will need to find £5bn in order to relieve the pressure on its overstretched balance sheet, according to credit ratings agency Moody's. Read more: Here's what assets has Tesco sold off and what's heading to the checkout "It has a relatively high level of debt – also adjusted debt, such as the pension deficit and [...]
George Galloway thinks Scotland will be independent in five years as he aims for London mayorship

June 15, 2015

Staunch "no" campaigner George Galloway has said he thinks that an independent Scotland is "probably nigh" as he launches his campaign to be London Mayor. "I think independence is probably nigh," he said in an interview with the Sunday Herald. "The only way it could have been stopped is if we had got a Labour government [...]
Biggest wage increase in nearly eight years expected

June 15, 2015

Employment figures due out later this week are likely to show Britons enjoyed bumper pay cheques in April, according to the Resolution Foundation think tank, with wages rising at the fastest pace since October 2007. The think tank predicts that average weekly wages swelled between 2.5 per cent to 2.6 per cent year-on-year. When combined [...]
Labour has unveiled its London mayor shortlist: Tessa Jowell, Sadiq Khan, David Lammy, Diane Abbott, Gareth Thomas, Christian Wolmar

June 13, 2015

The Labour party has revealed that six City Hall hopefuls will be fighting to become its candidate in next year's London mayoral elections. Frontrunners include MPs Dame Tessa Jowell and Sadiq Khan. MPs David Lammy, Diane Abbott, Gareth Thomas are also on the list, as well as journalist Christian Wolmar. The candidates would've had to receive a minimum [...]

TikTok no longer in limbo as it seals US deal

Drinking in stands hailed as success as more clubs join WSL pilot scheme

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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