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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Goldman Sachs discloses Californian probe and ramps up legal loss estimate

February 23, 2015

Goldman Sachs said officials in California are investigating its pre-financial crisis sale of mortgage-backed bonds, while raising the top end of its estimate of "reasonably possible" legal losses to about $3bn from $2.5bn. Goldman referred to a letter received in December from the US Attorney for the Eastern District of California saying it had "preliminarily [...]
UK retail sales growth unexpectedly stall as shoppers eschew high street in February

February 23, 2015

Retail sales growth unexpectedly hit a wall in February, putting an end to six months of buoyant growth, with increases in real wages failing to result in more spending, a business survey showed. Sales, prices and headcount fell as retailers suffered tougher trading conditions such as supermarket price wars. However, most expect the rut to [...]
Four times the FTSE 100 has broken records before

February 23, 2015

Britain's benchmark index whizzed past its closing record of 6,930.2 today, which it first set back in 1999. This was during the dot-com bubble, as markets busily inflated on over-hyped tech stocks, before the bubble burst at the start of the new millennium. Here's four times it's been admitted (for better or worse) into the [...]
Audioboom user numbers soar ahead of Russell Brand’s arrival

February 23, 2015

Online streaming service Audioboom has signed up controversial comedian Russell Brand to produce a twice-weekly podcast in an effort to attract a more "edgy, young" audience. The signing was part of plans, announced this morning by the service as part of its 2014 results, to boost the number of active registered user, as will as [...]
Quindell share price leaps as it extends talks with Slater & Gordon over sale of legal services arm

February 23, 2015

Shares in insurance outsourcer Quindell opened a staggering 27 per cent higher this morning, after it revealed it was in extended talks with Slater & Gordon over the sale of its professional service division, which will dampen market speculation that the talks had hit a wall. Quindell has assured investors that the offer would still "imply [...]
Balfour Beatty clinches HK$3.2bn contract for development in Hong Kong

February 23, 2015

Balfour Beatty has clinched a HK$3.2bn (£268m) contract for a joint venture with Gammon Construction for the construction of a major residential development in Hong Kong. It will create 900 residential apartments through the building of seven blocks, alongside retail and recreational facilities. The project, which also involves building a public transport interchange and five footbridges, will [...]
BHP Billiton

February 23, 2015

The figures Why it's interesting What HSBC said In short
Greece prepares to submit draft reforms to Eurogroup

February 22, 2015

Greece has been busily preparing a list of draft proposals which are crucial in extending its rescue programme, ahead of tomorrow's deadline for its submission to the International Monetary Fund and EU institutions. The reforms, which will be largely "structural", are expected to focus on curbing things like tax evasion and corruption, as well as [...]
One chart summing up Britain and Russia’s military spending

February 22, 2015

The amount Britain spends of defence has been called into question, after RAF fighter jets were scrambled this earlier week when two Russian bear bomber aircrafts were spotted flying "close to UK airspace." It prompted Lord Stirrup, who headed the armed forces at the time of the 2010 strategic defence and security review to call for the reversal [...]
Why 2015 is the year to remortgage your home

February 22, 2015

With the end in sight for record low borrowing costs, now is an "ideal time" for people to remortgage their homes, using fixed rates to lock-in favourable repayment terms ahead of a rate hike expected early next year. Since their peak in summer 2012, fixed rate mortgages fell in 18 of the 28 months to 3.15 [...]

Burnham would ‘probably’ have won by-election, says Powell

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Jessica Morris

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