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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Alternative lending deals rocket 43 per cent amid M&A flurry

March 14, 2015

Non-bank lending jumped last year, with 195 deals in the UK and Europe, up 43 per cent from a year earlier. Mergers and acquisitions activity drove around 51 per cent of the deals, overtaking refinancing, when considering deals since the tracker began at end of 2012. "With increased confidence in the markets and wider funding options, we [...]
Sterling falls to five-year low after Carney’s comment, disappointing construction data

March 13, 2015

The pound slumped to its lowest level in five years against the dollar after poor construction data and Bank of England governor Mark Carney's rate comments. Sterling fell over a percent against the dollar to trade as low as $1.4710, or its weakest since June 2010. Construction suffered its worst fall in more than a [...]
Bank of Russia cuts interest rates to 14 per cent

March 13, 2015

Russia slashed its interest rate by one percentage points to 14 per cent today saying "the balance of risks is still shifted towards a more significant cooling of the economy". The bank said the rate could would help reduce these risks, without the threat of increasing inflationary pressure. This is because monetary policy, and low [...]
UK construction suffers worst fall in more than a year in January

March 13, 2015

UK construction suffered its worst fall in more than a year in January, due to a heavy decline in house-building. Output in the construction industry fell 2.6 per cent from a month earlier, when it had risen 0.6 per cent. The reading came in way below economists' expectations – many had forecast a rise of [...]
Afren share price falls as much as 30 per cent after refinancing agreement

March 13, 2015

Shares in Afren fell today after the oil producer said it had hashed out a recapitalisation plan with its lenders. The Africa-focused company's share price closed down 28 per cent to 4.6 pence this afternoon. The company announced that it would receive $300m from bondholders and lenders by the end of June. Nonetheless, the agreement [...]
Revolution Bars prices initial public offering at 200 pence per share

March 13, 2015

Revolution Bars has priced its initial public offering (IPO) at the lower end of expectations, or 200p per share, valuing the company at £100m. The group's private equity backer, Caspian Bidco, will raise £86m from the float, with no proceeds going to the company. The group, which owns 58 bars in towns and cities across the country, [...]
Bank of England governor Mark Carney says global deflation forces, strong sterling could delay rate hike

March 12, 2015

Bank of England governor Mark Carney has said that low inflation outside of the UK, as well as a strong sterling, could cause the central bank to push back a rate hike. "It may be appropriate to take into account persistent external deflationary forces arising from the combination of continued foreign low inflation and the [...]
EUR/USD timeline

March 12, 2015

The euro's decline has been driven primarily by anticipation for, and then the start of, a €1.1 trillion quantitative easing programme by the European Central Bank (ECB) on January 22. This followed a raft of disappointing economic data, suggesting the Eurozone could be in danger of falling into a deflationary spiral. It's hope that the programme [...]
Which are the world’s best airports? Singapore’s Changi airport wins award for third year in a row

March 12, 2015

Everyone loves a holiday, but airports are often a caveat, with travellers enduring long queues just to check in. Then there are the hours spent in the waiting area, before joining the mad rush to find the departure gate. But holidaymakers after a more enjoyable travel experience should check out some of these airports, named as [...]
Serco share price plunges as much as 16 per cent after first revenue fall in 25 years

March 12, 2015

The figures Outsourcing firm Serco said full-year revenue fell to £3.95bn, down from £4.28bn a year earlier. The company also made a £1.35bn operating loss, compared to a £146m operating profit in 2013. Shares in Serco fell as much as 16 per cent to 174p in mid-morning trade as investors reacted to the results. Why it's interesting Serco's woes [...]

If international rugby’s fatal flaw is not financial, what is it?

Fifa’s credibility is shot because it can’t decide what it wants to be

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Jessica Morris

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