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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Bank of England to stress test lenders on their reactions to global meltdowns and widespread deflation

March 30, 2015

The Bank of England has unveiled a set of scenarios which will form the basis for this year's bank stress tests, warning British banks with global exposure such as HSBC and Standard Chartered will be the hardest hit. Seven of Britain's biggest banks will be test on their ability to withstand a dramatic slowdown in China, [...]
Mortgage approvals soar to a six-month high in February

March 30, 2015

Mortgage approvals soared to a six-month high in February, data released by the Bank of England today shows. Threadneedle Street said mortgage approvals rose to 61,760 in February, which was up from 60,707 in January.This marks the third consecutive month of growth since approvals hit a 17-month low of 58,944 in November. Despite the gains mortgage [...]
Uber users in Singapore can hail a Lamborghini or a Maserati

March 30, 2015

Commuters in Singapore can now ride in a Lamborghini Gallardo Spyder or Maserati GranTurismo, after taxi app Uber added the supercars to its fleet there. Uber has partnered with luxury car rental company Dream Drive for a trial period which runs until April 20. However, the taxi app warned customers it expects demand will be high and [...]
Rangers and Sports Direct boss Mike Ashley has too much power, says IoD

March 30, 2015

A respected business group has branded the Sports Direct board "dysfunctional" and warned there aren't sufficient checks on the powers of founder and majority owner Mike Ashley. The criticism, from the Institute of Directors, comes after Sports Direct chairman Keith Hellawell endured a tough grilling by MPs on the Scottish Affairs Committee last week, during [...]
Iran and world powers race to agree accord before deadline

March 29, 2015

World powers stepped up nuclear talks with Iran today as they race to agree on the parameters of an accord ahead of a self-imposed deadline on 31 March. The foreign ministers of the United States, France and Germany are reported to have cancelled their travel plans over the next few days. It's hoped the negotiations, [...]
ECB, Bank of England reach agreement over clearing houses

March 29, 2015

The European Central Bank and the Bank of England have hammered out a deal over the City's clearing houses, ending a lengthy dispute over whether euro denominated transactions should be cleared outside the Eurozone. It comes after Britain clinched a rare victory against the ECB in the European Union's second highest court. Because most clearing [...]
Banks stress as the Bank of England prepares to unveil tougher tests

March 29, 2015

Britain's banks are bracing themselves for a batch of tougher stress tests to be unveiled by the Bank of England tomorrow, with the emphasis expected to shift away from domestic concerns and onto global risks. The tests take place annually, and focus on the potential impact of a different type of hypothetical crash each time. Last [...]
Europol chief says encryption is letting terror suspects hide

March 29, 2015

Europol chief Rob Wainwright has warned hidden ares of the internet and encrypted communications pose the biggest challenge to anti-terrorism agencies. "It's become the biggest problem for the police and the security service authorities in dealing with the threats of terrorism," he said on BBC Radio 5 live investigates. "It's changed the nature of counter-terrorist work [...]
Greece locked into high-stakes talks with creditors

March 29, 2015

Cash-strapped Greece has been engaged in a series of high-stakes talks with its EU-IMF creditors the weekend, as the country's politicians battle to unlock much-needed bailout aid and avoid a messy default. Representatives from Greece's anti-austerity government travelled to Brussels on Friday night, shortly after they submitted a list of reforms to its creditors the Eurozone, [...]
Shareholders just approved the Halliburton, Baker Hughes merger

March 27, 2015

Shareholders of oil field services companies Halliburton and Baker Hughes have just approved the biggest tie-up to come out of the black stuff's decline. Shares in Halliburton were trading down 0.2 percent, while Baker Hughes' share price was up 0.1 per cent. Dave Lesar, chairman and chief executive officer of Halliburton: "We are extremely pleased Halliburton [...]

Chelsea reveal first ever back-of-shirt sponsor – but it could last just one game

Italy Six Nations revival a lesson for Wales as England challenge awaits

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Jessica Morris

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