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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Budget 2015: How does the first time buyer Help-to-Buy Isa work? Here’s everything you need to know

March 18, 2015

Poor saving returns, slow wage growth, and high house prices make getting on to the property ladder tricky. But there's finally some good news for prospective first time buyers, in the form of a "Help to Buy Isa" (Help-to-Buy-sa?), announced by the chancellor today. But how does it work? For every £200 an individual squirrels [...]
FTSE 100 market report: Budget goodies lift oil majors

March 18, 2015

Britain's blue-chip index was 0.1 per cent higher this lunchtime as investors digested the chancellor's budget. Chancellor George Osborne unveiled £1.3bn additional support for the struggling north sea oil and gas industry. He said the Office for Budget Responsibility predicts this will boost production by around 15 per cent. Crumbling oil prices have made a [...]
Brent oil falls below $53 on oversupply concerns

March 18, 2015

Oil prices have been on a slippery slope since a brief rally at the start of this year, and it just got even greasier, after industry data out of the US fuelled oversupply concerns. Brent crude, which is the international benchmark, was trading down 0.9 per cent at $53 dollars per barrel today. Western Texas Intermediate, [...]
Bank of England minutes: Strong pound risks exacerbating deflation

March 18, 2015

Bank of England policymakers think the strong pound could exacerbate the current period of low inflation. Minutes released today showed the monetary policy committee believes divergent monetary policy trends, and a strengthening economy, could cause the pound to appreciate further. "This has the potential to prolong the period for which consumer price inflation would remain [...]
Chanel handbags just got even more expensive

March 18, 2015

Exchange rate movements mean Chanel's iconic handbags just got more expensive for European fashionistas. Chanel has said its bags will be sold at the same prices worldwide in order to eliminate growing price gaps. Prices will rise about 20 per cent in Europe, and fall about 20 per cent in Asia from April 8. "The measure [...]
Sainsbury’s share price dips despite sales falling less than expected

March 17, 2015

The figures Shares in Sainsbury's were trading down 1.1 per cent at 265 pence per share in late-afternoon trade today. They had initially opened more than two per cent higher this morning. The supermarket announced like-for-like retail sales including fuel fell 3.9 per cent in the 10 weeks to 14 March on price deflation and greater [...]
Winners and losers pound dollar euro exchange rate movements

March 17, 2015

The tale of two central banks has seen monetary policy diverge this year, taking their respective currencies with it. Exporters:When a country's currency strengthens, the effect that generally receives the most immediate attention is that on exports and profits. A strong sterling will also have an impact on companies', who have a strong internaitonal footprint, [...]
European shares soar to a seven-and-a-half-year high

March 17, 2015

Investors continued to binge on European shares today pushing the main index to a seven-and-a-half year-high, largely due to the European Central Bank's €1.1 trillion (£834bn) bond-buying programme which got underway last week. The FTSEurofirst 300 index jumped as much as 0.1 per cent to 1,596.94 points in early morning trade today. This comes after it climbed [...]
Afren share price falls 14 per cent as sell-off continues

March 17, 2015

Embattled oil producer Afren continued to bleed today as investors sold off shares for the third session running. Shares in the Africa-focused group, which recently slipped out of the FTSE 250, fell 14.3 per cent to 3.2p today. This comes after the company's shares closed down 28 per cent on Friday, and by 24.3 per [...]
IG Group shows how it stomached the Swiss Franc shock

March 17, 2015

The figures IG said the Swiss franc shock reduced revenue by £11.8m to £91.8m, down 5.1 per cent from the same period last year. However, excluding this, underlying revenue rose 7.1 per cent to £103.6m. It said the Swiss franc turmoil resulted in client debts of £18.4m, however it expects to provide for most of these. "Although half of [...]

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By: Jessica Morris

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