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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Five key numbers from the Bank of England’s quarterly inflation report

May 13, 2015

The Bank of England's quarterly inflation report, setting out its forecasts for economic growth and inflation, was published today offering the first insight into officials' thinking since they entered election purdah six weeks ago. Here are five key figures from the report: 1. Gross domestic product growth – 2.5 per cent: The Bank of England has [...]
Bank of England inflation report: UK growth expectations cut

May 13, 2015

The Bank of England today slashed forecasts for how much its expects the economy will grow this year to 2.5 per cent, down from 2.9 per cent. Threadneedle Street also said it expects interest rates to remain close to historical lows for the foreseeable future, before rising some time in the second quarter of 2016. [...]
Eurozone economic growth beat the UK in the first quarter of 2015

May 13, 2015

The Eurozone economy grew at a faster rate than the UK's during the first quarter of this year, topping off a stream of recent data suggesting the bloc is emerging from a long period of stagnation. Official statistics agency Eurostat said GDP rose 0.4 per cent across the euro area, towards the bottom of analyst estimates, [...]
SAB Miller says profits flat on strong dollar

May 13, 2015

The figures One of the world's largest brewers, SAB Miller, said full-year revenue rose six per cent to £233.bn in the year to the end of March, minus the effects of adverse exchange rate movements. However on a reported basis, it fell by two per cent. Meanwhile, pre-tax profit was flat at $4.83bn, compared with $4.823bn a year earlier. [...]
Admiral Group chief executive Henry Engelhardt to step down

May 13, 2015

Insurer admiral has announced that chief executive Henry Engelhardt intends to step down in one year's time, and he'll be replaced by co-founder and chief operating officer David Stevens. Engelhardt, who has been with the company since it was first created in 1991, said "don't bury me yet, Guys!". "I still have 12 months on the job and [...]
The great bond sell-off is back and this time it’s going global

May 12, 2015

Global markets went into a tailspin today as investors started selling off government bonds again. US 10-year yields, the benchmark for global borrowing costs, hit their highest since early December. And German 10-year yields, the benchmark for Eurozone borrowing costs, rose 12 basis points to 0.71 per cent. Because yields move inversely to prices, sharp rises [...]
Greece raided reserves at IMF to meet debt repayment deadline

May 12, 2015

Greece had to raid emergency reserves in its holding account at creditor the International Monetary Fund (IMF) in order to meet the deadline for its sizeable €750m (£544m) repayment. An official told Reuters the cash-strapped country had been forced to tap into around €650m (£467m) from its holding account with the organisation. "We made use [...]
EasyJet share price falls after it warns on tough outlook

May 12, 2015

The figures: Budget airliner easyJet made £7m profit in the six months to March, up from a loss of £53m last year. Additionally revenue per seat – a measure of profitability – rose 2.6 per cent on a constant currency basis. Nonetheless it shares were trading down 8.5 per cent at 1,677p this morning after it warned on its [...]
Sterling soars to highest level this year after output smashes expectations

May 12, 2015

The pound soared after this morning after UK output beat expectations in March, according to data released today by the Office for National Statistics. Total production and manufacturing rose in March, increasing 0.5 per cent and 0.4 per cent respectively. Industrial production smashed analysts expectations, as many had said it would remain flat month-on-month. This [...]
The government has just sold off more Lloyds shares

May 12, 2015

After being in government for just a few days, the Tories have sold another load of shares in taxpayer-backed Lloyds, reducing its stake in the bank to less than 20 per cent. It sold £500m shares in Lloyds under a trading plan to gradually sell off shares, that was first outlined in December. And this means [...]

Millions of parents miss out on free pension cash by overlooking this rule

Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Jessica Morris

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