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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Young landlords are revitalising Britain’s ailing pub industry

May 22, 2015

Over the last three years young pub landlords breathed new life into Britain's ailing pub industry, helping it bounce back from a painful period of decline. Youthful landlords have tapped into the nation's penchant for pub food, helping the sector's sales rise by 23 per cent in the three years to March 2015, according to data published [...]
Public sector borrowing: Higher tax receipts helped shrink the budget deficit in April

May 22, 2015

Chancellor George Osborne was given a boost today, as higher tax receipts helped shrink the deficit by more than expected in April. Public sector net borrowing excluding state-controlled banks fell by about 27 per cent to in the year to April, reaching £6.8bn, below economists' forecasts of £8.1bn, and its lowest level for that month since [...]
Drugs, sex and plunging share prices: Bosses behaving badly can cost companies up to £144m

May 22, 2015

Badly-behaved bosses are a nightmare if you're the unfortunate employee who has to work for them – but they're also bad news for shareholders, as their rock'n'rolling activities can end up costing millions. According to a study entitled the Agency Costs of Managerial Indiscretions: Sex, Lies, and Firm Value, senior executives who partake in sexual misadventure, substance abuse, [...]
Severn Trent share price falls as investments squeeze profits

May 22, 2015

The figures Severn Trent's revenue increased 2.4 per cent to £1.8bn in the year to the end of March, up from £1.76bn a year earlier. Nevertheless, investments squeezed profits: pre-tax profit fell 53.5 per cent to £148.2m, down from £318.8m in 2013. It said that investment "in business development in US concessions impacted profit year on [...]
David Cameron fires starting gun for grand bargain with Europe

May 22, 2015

Newly re-elected Prime minister David Cameron will hold his first talks with European Union leaders today, as he attempts to renegotiate the terms of Britain's membership in the bloc ahead of a referendum in 2017. "Today I will start discussions in earnest with fellow leaders on reforming the EU and renegotiating the UK's relationship with [...]
Graduates could face tougher repayments on their student loans

May 21, 2015

Students could face tougher loan terms amid rising uncertainty over long-term debt repayments, or else the government would be forced to cut funding for things such as apprenticeships or science. Changes to the way the government covers unpaid student loans is squeezing the department for business innovation & skill's budget, according to a new report by [...]
These London law firms offer their trainees the highest salaries

May 21, 2015

Bright-eyed graduates eager to train at one of London's leading law firms may have to stomach long hours, however they can look forward to a bumper pay packet, according data from the industry website Legal Cheek. Sullivan & Cromwell and David Polk (known as the "Tiffany's of law firms") offer new recruits £50,000 a year, putting them [...]
UK retail sales smash expectations rising 4.7 per cent year-on-year

May 21, 2015

The retail sector smashed expectations as warm weather encouraged shoppers on to high streets across the UK last month. Retail sales volumes (excluding fuel) were up 4.7 per cent year-on-year, gaining 1.2 per cent from March, beating economist expectations of 3.7 per cent and 0.4 per cent. This was driven by textiles, clothing and footwear, [...]
Royal Mail share price falls despite shrinking costs

May 21, 2015

The figures The 500-year old postal service's revenues rose by one per cent to £9.4bn in the year to March 2015. Meanwhile, pre-tax profit fell from £1.6bn to £400m, although on an adjusted basis it rose to £569m, up from £421m in 2014. Operating profit after transformation costs rose to £466m, up from £428m a year earlier, with analysts saying this could signal [...]
Bank of England minutes: Policymakers vote 9-0 to keep rates on hold

May 20, 2015

Minutes from the Bank of England's May meeting have shown little change, with the monetary policy committee again voting 9-0 to keep interest rates at 0.5 per cent. Two members felt the decision was "finely balanced", implying they're thinking about reversing their vote. All members agreed interest rates "were more likely than not" to rise over the [...]

Investor hits out at Peter Kyle for ‘picking winners’

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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