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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Rolls-Royce share price edges down as it announces plans to cut 600 jobs in its marine business

May 18, 2015

Roll-Royce has announced plans to cut 600 further jobs in its marine business by the end of this financial year, amid challenging market conditions. This will be in addition to plans to lay off 2,600 staff – including its finance director – announced in November. And while the reductions will be global, around half of the [...]
Afren share price wavers after directors Peter Bingham and John St John step down

May 18, 2015

Shares in troubled oil firm Afren opened 2.82 per cent higher at 3.28p after it announced two of its non-executive directors will to step down after its AGM, as the company's debt talks roll on. They were later trading slightly lower 0.63 per cent at 3.17p in early afternoon trade. Peter Bingham and John St [...]
Parliament returns: Six MPs business needs to know about

May 18, 2015

Parliament meets today for the first time since the Conservatives swept to a shock victory in the General Election. Over the next few days the key focus will be chancellor George Osborne's pledge to deliver a new budget "for working people" before the summer recess. But who has the fate of British business in their [...]
Acquisitions send Babcock pretax profit soaring 43 per cent

May 18, 2015

The figures Shares in engineering and support services group Babcock opened 2.52 per cent higher, at 1,108p, after results showed revenue climbed 20 per cent to £3.9bn in the year to March 2015, up from £3.32bn the year before. Similarly, pre-tax profit rose 43 per cent to £313.1m, up from £218.8m a year earlier. Nonetheless, net debt rose to £1.32bn – up [...]
One chart showing which personality types earn the most

May 16, 2015

(Source: Molly Owens via Truity Psychometrics) If you're an extrovert, a sensor, thinker or judger then congratulations – as you stand to earn more than most. The research by Truity Psychometrics looked at the various career outcomes among the 16 personality types and examined what differences, if any, existed between them. To do so it used [...]
ECB Executive Board Member Yves Mersch says QE stimulus won’t end early

May 16, 2015

European Central Bank executive board member Yves Mersch has said it won't be ending its government bond buying programme prematurely, echoing comments made by boss Mario Draghi earlier this week. Mersch further dampened speculation the central bank's €1.1 trillion stimulus package would end early, saying this would cast doubts on its growth forecasts for the euro [...]
Scottish Labour leader to resign next month despite surviving no confidence vote

May 16, 2015

Scottish Labour leader Jim Murphy has said he will put his resignation to the party next month despite surviving a no confidence vote during a meeting of the party's executive. It follows his party's widespread defeat at the general election when they lost 40 seats to its rival the Scottish National Party (SNP), leaving them with [...]
Greece’s prime minister Alexis Tsipras lays down two red lines it won’t cross in debt talks

May 16, 2015

Greek prime minister Alexis Tsipras has said the red lines his government will not cross in talks with creditors are further cuts to wages and pensions. "I want to assure the Greek people that there is no possibility or change that the Greek government will back down on pension and labour issues," he said. "Some cannot [...]
Chancellor George Osborne to deliver new budget on 8 July

May 16, 2015

Chancellor George Osborne has said he will deliver a new budget "for working people" on 8 July following the Conservative's shock electoral win last week. "On the 8th of July I am going to take the unusual step of having a second budget of the year – because I don’t want to wait to turn the promises [...]
Four charts that sum up the week: Sterling rallies, UK growth forecast cut, London house prices rise and Europe beats Britain

May 15, 2015

London house prices ended seven months of decline, the Bank of England said it was feeling less optimistic about the UK economy and the French economy sped ahead of Britain and Germany in the first quarter, this week. Here are four charts that sum up what happened. 1. London house prices are on the up again, [...]

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By: Jessica Morris

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