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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Harvey Nichols sets up shop in … Azerbaijan

March 25, 2015

Luxury store Harvey Nichols has opened a department store in Azerbaijan, a former Soviet Satellite state which is set to host the "European Olympics" but also suffers from a questionable human rights record. The 110,000 square foot outlet, spread over seven-floors, is located in capital city Baku's Globus Plaza. Two floors focus on fashion and [...]
Bank of England’s Minouche Shafik: Interest rate rise likely despite low inflation

March 25, 2015

The Bank of England's deputy governor Minouche Shafik has said that interest rates will rise, rather than fall, despite official data released yesterday showing prices had failed to grow at all in February. Shafik said the bank should not cut interest rates further in response to the current bout of low inflation, which is being driven [...]
US magnate warns oil prices could hit $100 by the end of 2016

March 25, 2015

Oil prices could return to as much as $100 a barrel by the end of next year, a US oil magnate warned yesterday. "I think you could very well be at $100 a barrel by the end of 2016," Boone Pickens, chair of the hedge fund BP Capital, said during a speech at the Commonwealth Club [...]
Why businesses and employees are cheering low inflation

March 24, 2015

Low inflation will benefit businesses which are likely to pass gains onto employees through wage hikes, businesses have said. James Sproule, chief economist at the Institute of Directors said: "We welcome the news that inflation has once again fallen. It is particularly encouraging that this has been driven by falling fuel costs. This is putting [...]
Higher fuel prices push US inflation to its first rise since October

March 24, 2015

Inflation has started to the pick up in the United States, after fuel prices rose for the time since June last year, adding to broader gains in other sectors. Figures released today by the Bureau of Labor Statistics showed prices rose by 0.2 per cent month-on-month basis, reversing a 0.7 per cent tumble in January. The annual [...]
Five Morrisons execs leave as Potts swings axe

March 24, 2015

Five members of Morrisons' management team are on the way out, after new boss David Potts swung his axe. Group customer marketing and digital director Nick Collard, group retail director Martyn Fletcher, group property and strategy director Gordon Mowat, group logistics director Neal Austin and convenience managing director Nigel Robertson are all leaving. "I will [...]
Northern towns lead list of the UK’s most desirable postcodes

March 24, 2015

Amid overcrowded tubes, ridiculous rents as well as overpriced bars and restaurants it's hardly surprising London doesn't feature on this list of the UK's most desirable postcodes. But it's actually a lot nicer up North. A better work-life balance propelled locations in the North of England to the top of the list, with the Bebington, Wirral [...]
Surprise as UK inflation falls to zero for first time since current records began in 1989

March 24, 2015

Inflation fell to zero in February for the first time since current the current records began in 1989, moving Britain closer to deflation, official statistics showed today. Figures released by the Office for National Statistics showed prices didn't increase at all in February compared with the same time a year ago. The figure came [...]
Kingfisher bid for rival Mr Bricolage has suffered a setback

March 24, 2015

Europe's biggest home improvement retailer Kingfisher suffered a setback to its bid for rival Mr Bricolage. The B&Q owner, which makes about half of its annual profit in France, said the board of Mr Bricolage and franchisee group ANPF, a major shareholder of the company, have reservations about the takeover deal and are yet to receive clarification [...]
Draghi says Euro area economic recovery “gaining momentum”

March 23, 2015

European Central Bank (ECB) president Mario Draghi issued a bright outlook for the Eurozone economy, saying that it would benefit from low oil prices, a hefty stimulus package and favourable exchange rate movements. "The basis for the economic recovery in the euro area has clearly strengthened," he said in a speech to the European Parliament. [...]

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By: Jessica Morris

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