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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Funeral costs: Why is it so expensive to die?

January 28, 2015

How much does it cost to die? Around £3,590 apparently, which is the cost of an [XX], [XX] or an [XX]. What's more, the cost of dying is rising by around three per cent a year, putting it way ahead of th erate of infaltion which fell to a record low of 0.5 per cent in [...]
Greek markets tank on debt default fears

January 28, 2015

Greek markets plunged into turmoil today, as investors fretted over the possibility of a default on Greece's sovereign debt, following announcements from the country's anti-austerity government. Share suffered for the third consecutive day, with the main Athens Stock Exchange (ASE) closing down nearly 10 per cent, taking the bourse to its lowest in more than [...]
Bank of England chief economist Andrew Haldane: There’s “no rush” to raise interest rates

January 28, 2015

The Bank of England is in "no rush" to raise interest rates, and eventual increases will be by small increments, according to the central bank's chief economist Andy Haldane. "We are in no rush to raise rates, the recovery is taking hold nicely," Haldane told the Daily Post. "The last thing we want to do is [...]
Seven things you didn’t know about the UK’s Whisky industry

January 28, 2015

"By diligent effort, I learnt to like it," is what former prime minister and Scotch whisky drinker Winston Churchill said on the so-called "liquid sunshine." The gentleman's drink – which once counted the Scot who invented penicillin Alexander Fleming as fan – is increasingly making a very likeable contriubtion to the UK economy. It added [...]
Afren share price closed down 71 per cent on funding crisis after oil drop

January 27, 2015

Afren's share price closed down 71 per cent at just over 5p today, an all-time low, after the company said a funding crisis may force it to restructure its debt. The FTSE 250 oil company revealed it was in talks with a committee of its largest bondholders regarding the company's financial position and funding needs. [...]
Zoopla share price rises 12 per cent with OnTheMarket disappointing as estate agents stay loyal to rivals

January 27, 2015

Agents' Mutual online property portal OnTheMarket has got off to a bit of a soft start, largely thanks to estate agents sticking with its rivals Zoopla and Rightmove. Investors took note with Zoopla's share price closing up as much as 12.1 per cent to 190 pence in late afternoon trading. Meanwhile – Rightmove's share price was [...]
London Heathrow loses busiest international airport crown to Dubai

January 27, 2015

London Heathrow's decades-long reign as the world's busiest airport came to an end last year, following a surge in international passenger numbers at Dubai International. Dubai's international passenger numbers ticked up 6.1 per cent to 70.5m in 2014, it said in a statement today. This pushed it ahead of Heathrow, which attracted 68.09m such travellers [...]
Dixons Carphone share price falls 5 per cent after JP Morgan broker downgrade makes it the biggest faller on the FTSE 100

January 27, 2015

Dixons Carphone's share price fell as much as 5.6 per cent in early afternoon trade today, making it the biggest faller on the FTSE 100, after a broker downgrade. Morgan Stanley slashed the stock's rating to "underweight" from "equal weight," saying the shares were significantly overvalued and that it was "not a growth business." "While [...]
Opec’s Abdalla El-Badri warns oil prices could hit $200 amid lack of investment

January 27, 2015

The secretary-general of the Organisation of Petroleum Exporting Countries (Opec) has warned under-investment could one day push oil prices as high as $200 per barrel, as crumbling demand risks discouraging producers from pumping money into the infrastructure needed to actually get oil out of the ground. "If [oil producers] do not invest there will [...]
Opec’s El-Badri: Oil prices could hit $200 amid lack of investment

January 27, 2015

Opec's secretary-general has said oil prices could soar to $200, as the current oil price rout prompts prudcers to cut back on investment in new supply. Abdalla El-Badri said "producers, when they have excess capacity, they will not invest." "If they do not invest there will be no supply, if there is no more supply [...]

Block slashes 4,000 jobs in latest AI warning

Automatic promotion and relegation from Prem Rugby scrapped

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

By: Jessica Morris

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