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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Online statements could be bad for your bank balance

February 3, 2015

While people tend to think online statements help them make better financial decisions, you're more likely to have better money management skills if you receive paper statements in the post. The behavioral study, produced by London Economics for the Keep Me Posted campaign, said individuals receiving financial correspondence by post were better able to understand, [...]
Greek markets extend rally on debt deal optimism

February 3, 2015

Greek markets extended their rally this afternoon, following an apparent easing of tensions over the country's bailout programme thanks to a debt swap programme devised by new finance minister Yanis Varoufakis. The Athens Stock Exchange (ASE) jumped as much as 11 per cent this afternoon, led higher by the banking sector. Piraeus Bank and Alpha [...]
UK construction growth rebounds unexpectedly in January

February 3, 2015

The UK's construction sector rebounded in January, pulling away from December's 17-month low. The Markit purchasing managers' index (PMI) rose to 59.1 from December's 17-month low of 57.6, buoyed by residential home-building. Any reading above 50 indicates growth. "UK construction companies have found their feet again after a protracted slowdown in output growth at the [...]
Tesco clears £2.1m payoff for former executives Philip Clarke and Laurie McIlwee

February 3, 2015

Tesco will hand its former chief executive and chief financial officer £2.1m between them, after the payments were approved following the accounting scandal which came to light last year. Philip Clarke and fellow exec Laurie McIlwee will receive £1.2m and £970,880 respectively, after the supermarket found there were no legal grounds to continue withholding the payments. "The [...]
BG Group share price falls 1 per cent after £6bn impairment charge on falling oil prices

February 3, 2015

BG Group has written-down the value of its business due to crumbling commodity prices – nonetheless the group believes it is well-placed to weather the oil price rout. The figures The oil and natural gas company was hit by an £5.9bn pre-tax impairment charge mainly due to the fall in global commodity prices. "The substantial [...]
Five Claude Monet paintings go to auction at Sotheby’s in London for estimated £70m

February 3, 2015

Five paintings by Claude Monet will go to auction at Sotheby's in London today, with bidders expected to fork out as much as £70m. "Le Grand Canal" is the star of the show – expected to fetch between £20m and £30m – having hung in the national gallery for the past eight years. It was [...]
Afren share price nightmare: Seplat gets another deadline extension over potential bid

January 30, 2015

Embattled oil producer Afren will have to wait a little longer before it learns if rival Nigerian company Seplat is going to make it a formal takeover offer. Seplat now has until 5pm on 13 February to decide whether it'll firm up an informal offer originally made in December. City analysts had voiced doubts over [...]
UK beer sales rise for the first time in 10 years

January 30, 2015

A decade-long decline for beer sales in the UK has finally come to an end, with boozy Brits taking advantage of tax cuts bought in over the last two years. The British Beer and Pub Association's (BBPA) 'Beer Barometer' showed beer sales jumped 1.3 per cent last year. And chancellor George Osborne – who announced [...]
Afren share price nightmare: Day of reckoning is here

January 30, 2015

Embattled oil producer Afren will today find out if it's been thrown a lifeline by rival company Seplat, a move that could provide one possible solution to the company's funding crisis. Nigerian oil and gas explorer Seplat recently extended the deadline for its informal takeover offer – but at 5pm tonight its time will be [...]
IFS: Top earners’ wages worse affected by the financial crisis

January 30, 2015

High earners saw their pay packets pinched the most during the global financial crisis, but pay will pick up across the board this year, according to new research by the Institute for Fiscal Studies (IFS). Wage increases would be buoyed by pay rises alongside the low rate of inflation, which is being dragged down by [...]

Richest women’s football teams 2026: Arsenal pip Chelsea and Barcelona

Richest women’s football teams 2026: Arsenal pip Chelsea and Barcelona

Ariana Grande tickets for London musical ‘could easily go over £300’

By: Jessica Morris

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