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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Knight Frank Wealth Report 2015: Which is the world’s hottest luxury property market?

March 5, 2015

The world's richest individuals are piling into properties in the world's most expensive cities, pushing up prices of luxury homes. The value of luxury residential property across the world rose by an average of about two per cent last year, based on prices in the 100 locations covered by Knight Frank's Prime International Residential Index [...]
Virgin Money share price jumps as underlying profit more than doubles after IPO

March 5, 2015

The figures Shares in recently-listed challenger bank Virgin Money rose almost five per cent in late morning trading, after it posted figures showing full-year underlying pre-tax profit soared 127 per cent thanks to its swelling mortgage loan book. The challenger bank, which floated in November, said underlying pre-tax profit was £121m in 2014, up from [...]
Thousands of City jobs saved as UK wins battle with ECB over clearing houses

March 4, 2015

The government has won an important legal challenge to a European Central Bank (ECB) decision, safeguarding thousands of jobs in clearing houses across the City of London. The EU General Court in Luxembourg ruled today that the ECB could not require clearing houses handling significant euro-denominated assets to be based in the Eurozone. “The ECB lacks [...]
Eurocell IPO: Shares trade above initial offer price

March 4, 2015

Shares in Eurocell traded up today after the window and door maker's debut onto the London Stock Exchange. The Derbyshire-based firm, spun off by private equity group H2 Equity Partners, priced its shares at 175p, valuing it at £175m. But the company's shares were about 5.7 per cent higher in late afternoon trading, at 185p. "We have [...]
Fresnillo share price sheds as much as six per cent after pre-tax profit falls 40 per cent

March 4, 2015

The figures Fresnillo said revenue fell 12.5 per cent to $1.41bn in the year ending December 2014, down from $1.6bn a year earlier. Pre-tax profit at the precious metals producer fell 40 per cent to $251m primarily due to plummeting silver and gold prices, as well as higher production costs. The company's share price slumped as [...]
Vienna tops list of cities for highest quality of life as London drops down

March 4, 2015

If you've had enough of overcrowded tubes, ridiculous rents as well as overpriced bars and restaurants – and have always wanted to work in another country – then these are the cities you should be setting your sights on. Vienna's quaint coffee shops, meandering bike paths and majestic architecture propelled it to the top spot of [...]
Afren share price falls 45 per cent after it says will default on $15m interest payments

March 4, 2015

Afren's share price suffered today after it said it will default on $15m (£9.7m) of interest payments due 1 Feb, as the embattled oil producers scrambles to find a resolution to the company's funding crisis. In light of the company's current liquidity position and in order to preserve cash while the review of the company's [...]
Fresnillo

March 3, 2015

http://www.lse.co.uk/AllNews.asp?code=ylcsv61i https://uk.finance.yahoo.com/news/fresnillo-may-not-pay-final-104300388.html
Easyjet

March 3, 2015

EasyJet an easy ride Budget airliner … turbulence … flys high The figures Why it's interesting The global oil price rout has been a boor for airliners such as Easyjet as it's driven down their operating costs. The price of a barrel of Brent crude slumped from $115 last June to around $45 in January. [...]
Standard Chartered

March 3, 2015

The figures The London-based, Asia-focused bank Revenue: $18.27bn (or 2.66 per cent decline)Adjusted net income: $4.06bn (or 16 per cent drop)Write-off: $3bn (largely on metals) "The first-half numbers came in better than expected — revenue was $9.26 billion and adjusted net income was $2.35 billion when dealers were anticipating $9.22 billion and $2.31 billion respectively." [...]

TikTok no longer in limbo as it seals US deal

Drinking in stands hailed as success as more clubs join WSL pilot scheme

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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