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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Conservatives pledge £4bn Lloyds Bank share sell-off

April 19, 2015

The Conservatives are attempting to woo voters with up to £4bn worth of shares in government-backed bank Lloyds', if they win the election in May. The shares would be sold below-market prices, with buyers who hold onto them for more than a year receiving a loyalty bonus, including one additional free share for every 10 share they still hold. [...]
ECB President Mario Draghi warns Greek bailout deal is “urgent”

April 19, 2015

European Central Bank (ECB) president Mario Draghi has warned the negotiations around Greece's €240bn (£181bn) bailout program are "urgent" and a default by the cash-strapped country would push the region into "uncharted territory". "Much more work is needed now, and it's urgent," he said at the International Monetary Fund – World Bank spring meeting in Washington. [...]
The Vix volatility index is going berserk

April 17, 2015

This widely watched "fear index" went berserk today, indicating market mavens are feeling increasingly uneasy. The Chicago Board Options Exchange Volatility Index (Vix) rose 11 per cent in early morning trade stateside. This is significant because the Vix, conceived in the early 1990s, gauges expected volatility of future prices and is tied to the S&P [...]
Four charts showing what it’s like to be young today

April 17, 2015

Whatever you like to call them – "millenials", or perhaps "the Peter Pan generation, as well as "Gen Y", "Generation Me" and even the "Boomerang Generation" – here's what it's like to be a young person living in the European Union today. http://ec.europa.eu/eurostat/statistics-explained/index.php/Being_young_in_Europe_today_-_demographic_trends http://ec.europa.eu/eurostat/documents/3217494/6776245/KS-05-14-031-EN-N.pdf/18bee6f0-c181-457d-ba82-d77b314456b9 "Kidulthood" to "adulthood" lasts longer: (Source: Eurostat) Better educated, but with less [...]
Eurozone inflation rose to -0.1 per cent in March

April 17, 2015

Data released today showed the Eurozone is fighting tooth and nail to claw its way out of deflation, as prices rose for the second month straight, easing fears it could enter into a prolonged period of price falls. The single currency area's annual inflation rate rose to -0.1 per cent in March, up from -0.3 [...]
UK employment rate hit record high of 73.4 per cent in February

April 17, 2015

Britain's employment rate has risen to its highest level since comparable records began around 44 years ago, which could provide a boost to the Tories and Lib Dems as they gear up for the General Election. The final jobs and earnings before the election, released today by the Office for National Statistics, showed the number of people [...]
Former Quindell chairman Rob Terry gives his verdict on Slater & Gordon deal

April 17, 2015

It's crunch time for the £673m deal between Quindell and Australian law firm Slater & Gordon. As the embattled insurance claims processor's shareholders prepare to vote on the disposal of its legal business to Slater & Gordon today, ex-chairman Rob Terry has indirectly given his verdict on the deal. More on this story: Quindell shareholders vote [...]
This map shows the best London boroughs for startups

April 16, 2015

Two year business survival rates in London via data from the ONS (Source: PlaceILive) Perhaps you're thinking of setting up a craft beer shop in east London, or a tech start-up on Silicon Roundabout. If so budding entrepreneurs wishing to give themselves the best start should set their sights on these boroughs. Islington and Lambeth both [...]
Church of England wins shareholder resolution against BP

April 16, 2015

The Church of England's investment arm has successfully challenged oil giant BP to take more action over climate change, after it submitted a shareholder resolution late last year. The Church Commissioners, which has a £9bn investment portfolio, said 98 per cent of shareholders approved its "Strategic Resilience for 2035 and Beyond" resolution. It had been recommended [...]
German ten-year bond yield inch even closer to zero

April 16, 2015

German ten-year bond yields turn negative: ten questions answered What's the relation between bond yields and price: – and interest rates. How does this relate to the lower zero-bound? (Why did economists think this was impossible) Why are investors buying into this seemingly dud deal? And who exactly benefits from this extraordinary situation? Why is [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

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

By: Jessica Morris

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