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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Peer-to-peer lender VPC Specialty Lending Investments eyes £200m IPO on the London Stock Exchange

February 25, 2015

Peer-to-peer lender VPC Specialty Lending Investments is eyeing a £200m debut on the London Stock Exchange. The company will use the cash raised to invest in opportunities in the alternative lending market, it said today. The lender, owned by US-based Victory Park Capital, is wooing investors with a dividend yield of eight per cent, and will target total [...]
AO World share price crashes 47 per cent after profit warning

February 25, 2015

Shares in AO World, which debuted around a year ago, plummeted this morning after it issued a profit warning, saying it had come up against "tougher than expected trading conditions in the final quarter of the year." The etailer saw its shares shed as much as 47 per cent this morning, wiping around £500m off [...]
Apple share price climbs towards trillion dollar valuation

February 24, 2015

Apple, the maker of iPhones, MacBooks and soon-to-be Apple watches, saw its share price tick up today, meaning it was edging that little closer to hitting the never-before-seen trillion dollar valuation. Apple's share price fell as much as 0.9 per cent to 131.44 in early morning trade, before paring gains to 133.5. Yesterday, it closed [...]
The UK economy according to the OECD in six charts

February 24, 2015

Andy Haldane, the Bank of England's chief economist, said last year that the economy "appears to be writhing in both agony and ecstasy." While the economy was growing at a faster rate that most of its rich counterparts, most people weren't benefiting from this because real wages were falling, and productivity, or output per hour work, [...]
The UK economy according to the OECD in [XX] charts

February 24, 2015

Last year Andy Haldane, the Bank of England's chief economist, said that the economy "appears to be writing in both agony and ecstasy. He noted that, although the economy was growing fast than most other big rich economies, real wages were falling and productivity growth or output per hour worked had stalled. Since then, wages [...]
Working five years longer boosts pension pots by a third

February 24, 2015

The secret to a more comfortable retirement is to stay in work that little bit longer, new research has shown. Staying in full-time employment for five years after the retirement age, while continuing to pay into a private pension, could lift final weekly incomes by a third according to the Pensions Policy Institute and Friends [...]
Aer Lingus underlying profit flies 17.8 per cent higher

February 24, 2015

The figures Airliner Aer Lingus said that passenger numbers had jumped 1.5 per cent to 9,766, up from 9,625 a year earlier. This pushed operating profit before exceptional items up 17.8 per cent to €72m (£52.7m) from €61.1m in 2013. But staff "stabilisation" payments of annual salary increases and a one-off charge to resolve pension funding issues tipped the [...]
HSBC share price hits two-year low in Hong Kong

February 24, 2015

HSBC shares listed on Hong Kong's Hang Seng index, tumbled as much as 3.9 per cent to HK$69.15, after it posted figures showing pre-tax profits tanked 17 per cent to $18.6bn (£12.1bn) in 2014, down from $22.5bn the year before. The bank's shares listed on the FTSE 100 closed down 4.2 per cent at 573.3p yesterday, [...]
Persimmon share price falls despite profits jumping 44 per cent

February 24, 2015

The figures Persimmon, the UK's biggest listed housebuilder, said underlying pre-tax profit jumped 44 per cent to £475m for the fiscal year 2014, up from £330m a year earlier. Full-year revenue rose 44 per cent to £475m, up from £330m in 2013. Completions – the number of homes built – rose 17 per cent to 13,509 while [...]
HSBC share price closes 4.6 per cent lower after full-year profits tank due to “challenging year”

February 23, 2015

HSBC ended the day with its shares at 577p, 4.6 per cent lower than Friday's closing price. Having announced that profits fell 17 per cent during 2014, it admitted its US arm had also been subpoenaed by the US Commodity Futures Trading Commission. The CFTC said wanted to see documents relating to its precious metals [...]

The UK’s risk aversion culture is holding back investment

Betfred Free Spins UK – 200 Free Spins at Betfred 2026

The Whisky Exchange’s top Cognac picks ahead of the annual Cognac Show

By: Jessica Morris

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