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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Spending on contactless cards triples in just one year

February 7, 2015

Peoples' penchant for contactless cards pushed total spending on them to a record £2.32bn last year according to data from The UK Cards Association. This was three times more than last year's figure. Shoppers can make contactless payments of up to £20 by touching their cards against a reader. It means small purchases can be made [...]
Free state pension forecasts now available for over-55s

February 7, 2015

Millions more people are now eligible for a free estimate of how much is in their state pension pot. Over-55's can request a personalised pension statement estimating how much they'll receive upon retirement. It's calculated based on the national insurance contributions an individual has made to-date. The move will make retirement planning easier for more [...]
Oil prices just had their best two-week run in 17 years finishing up 2.2 per cent to $57.8 per barrel

February 7, 2015

Oil prices roared towards big weekly gains that have not been seen in years on Friday, as investors shrugged off concerns over a global supply glut, and instead focused on future levels of production. Brent crude, the global benchmark, posted a nine per cent gain for the week, or the biggest since 2011. Prices were [...]
Half of British voters back David Cameron’s battle for European Reform

February 7, 2015

Half of UK voters back David Cameron's battle to reform the European Union, with voters in countries such as France and Germany sharing similar sentiments, a poll by Com Res/New Direction has shown. The poll, conducted for think-tank New Direction, found half of UK respondents (49 per cent) believed the European Union should be reformed. Cameron has [...]
In charts: Why Wi-Fi is giving businesses a headache

February 6, 2015

Obscenely high Wi-Fi charges are giving British companies are huge headache. New research by Amba hotels has revealed Wi-Fi and data or roaming charges cost British businesses about £371.25m a year. This was around a third more than their counterparts in the United States. The survey is based on the responses of up to 3,000 [...]
Greece readies itself for round of crucial talks next week

February 6, 2015

The Greek government is preparing for a special meeting of Eurozone finance ministers, having made little progress during talks with Eurozone officials this week. The meeting, scheduled to take place on Wednesday, will focus on how to provide financial support for Athens. It comes ahead of talks between European leaders due the next day. It [...]
US non-farm payroll: Bumper jobs growth smashes expectations

February 6, 2015

The US economy is looking healthier than expected, with figures out this afternoon showing it added 257,000 jobs in January. That was 23,000 more than economists had forecast. It was the 12th consecutive month that jobs gains came in above the 200,000 level, making it the longest running streak since 1997. The US dollar surged against [...]
Gulf Keystone share price falls as much as 18 per cent on Kurdistan woes

February 6, 2015

Gulf Keystone's share price fell as much as 18 per cent in early morning trading today, after it suspended trucked exports of crude amid a payments dispute with the Kurdish government. The Kurdistan-focused oil producer is currently owed payments by the Kurdistan Regional Government (KRG) for exported crude. "Though the market has taken this badly, in [...]
Star fund manager Neil Woodford eyes 10 per cent returns with new fund backing start-ups

February 6, 2015

Star fund manager Neil Woodford is launching an investment fund focused on start-ups and early-stage businesses with high growth potential. The Woodford Patient Capital Trust, which will target annual returns of 10 per cent "over the longer term," is seeking to raise £200m from an initial public offering (IPO) in April. Interestingly, the fund will [...]
Sofa giant DFS confirms £105m IPO on the London Stock Exchange

February 6, 2015

DFS Furniture has confirmed plans for an international public offering (IPO) on the London Stock Exchange, through which it hopes to raise £105m to reduce debts and future financing costs. The furniture retailer, which is owned by private equity firm Advent International, says it has a quarter of the share of the UK's £3bn upholstered furniture [...]

Greens win Gorton and Denton by-election in humiliating defeat for Keir Starmer

Best Horse Racing Betting Sites in the UK February 2026

The UK’s booming wine sector offers salaries of up to £150k

By: Jessica Morris

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