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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Estate agent wars: OnTheMarket hits back at Zoopla

February 12, 2015

OnTheMarket has hit back at accusations it will remain "a short term event" levied today by rival Zoopla, saying it's confident of becoming the number two online property portal behind Rightmove in just a year's time. OnTheMarket's "one other portal rule" bans agents from advertising properties with more than one rival website, meaning many must [...]
John Laing IPO: Shares trade flat after pricing at bottom of range

February 12, 2015

Infrastructure investment group John Laing's shares were trading flat this afternoon, after the group priced at the bottom of the expected range for its stock market debut. John Laing, which is behind some of Britain's biggest infrastructure projects, mainly through public-private partnerships, priced its shares at 195p, giving it a valuation of £715.5m. That was [...]
Bank of England inflation report: UK inflation rate could slide into negative

February 12, 2015

Bank of England governor Mark Carney has warned UK inflation could slip into negative territory this spring, but he also upgraded the economy's growth forecasts on the belief it's most likely to be benign. Threadneedle Street warned it was "more likely than not that headline inflation would turn negative this year". In such a scenario, it would [...]
Estate agent wars: Zoopla hit by the launch of rival website OnTheMarket in January

February 12, 2015

Online property portal Zoopla's membership was hit last year as its customers prepared for the launch of new, estate agent-run rival OnTheMarket. Nonetheless, it dismissed the new website's impact as "short-term". OnTheMarket's "one other portal rule" effectively bans agents from advertising properties with more than one rival website, meaning many must choose between Zoopla and [...]
Aena IPO: Share price soars amid Europe’s biggest float since 2011

February 11, 2015

Shares in Spanish airport operator Aena soared today following its highly anticipated debut on the Madrid Stock Exchange, in what has been Europe's biggest initial public offering since 2011. Aena, which owns Luton airport, saw its share price jump as much as 17 per cent to €68 per share from the €58 flotation price. This pushed its [...]
UK oil and gas companies facing “triple whammy” threat

February 11, 2015

Oil and gas producers are facing an "economic triple whammy" as plummeting oil prices squeeze revenues, forcing through cost cuts, which in turn could lead to industry-wide under-investment. Oil prices have fallen around 60 per cent since July last year, forcing FTSE-listed companies such BP, BG Group and Tullow Oil to make huge write-offs and [...]
Lonmin share price falls as much as seven per cent after Glencore divests stake

February 11, 2015

FTSE 250-listed planinum miner Lonmin's share price slumped this morning, after Glencore revealed plans to dispose of its 23.9 per cent stake in the business, part of the company's plan to combat falling commodity prices. The disposal, due to be completed by the end of June, sent Lonmin's share price down as much as 6.6 per [...]
Tullow Oil share price falls four per cent as it unveils $2bn loss

February 11, 2015

The figures Irish oil firm Tullow Oil reported a $2bn (£1.3bn) pre-tax loss, its first in 15 years, amid crumbling oil prices. This dragged its full-year revenue down 16 per cent to $2.2bn ($1.4bn). The FTSE 100 company also suspended its dividend, making no final payment in 2014, meaning shareholders received four pence per share. Its shares [...]
888 holding’s share price soars amid takeover talks with rival William Hill

February 10, 2015

888 Holding's share price surged amid reports it's in advanced talks with rival William Hill over a takeover bid. The betting firm's share price jumped as much as 24 per cent to 182 pence this afternoon. William Hill shares fell 1.2 per cent to 384 pence. The companies reached a preliminary agreement of 210 pence [...]
UK industrial production fell 0.2 per cent in December due to North Sea oil output

February 10, 2015

The UK's industrial production missed expectations in the last month of 2014, highlighting the increasing dependence of economic growth on the stronger service sector. UK industrial production fell 0.2 per cent month-on-month in December, as maintenance work on North Sea oil and gas fields curbed output. Economists had been expecting 0.1 per cent growth, according [...]

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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