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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Standard Chartered cuts more jobs as it axes global equities business

January 8, 2015

Standard Chartered, the London headquartered bank which focuses on Asia, has announced more job cuts. The bank said it's closing the unprofitable equity sales and research business. This will lead to 200 job cuts worldwide and deliver around $100m in cost savings by 2016. Dismantling its stockbroking, equity research and equity listing desks worldwide will [...]
Bank of England keeps interest rates at 0.5 per cent for 70th month in a row

January 8, 2015

The Bank of England's monetary policy committee (MPC) kicked off 2015 by keeping the base rate at 0.5 per cent. It's the 70th consecutive month rates have been held at historic lows, and the last rise was way back in March 2009. We'll have to wait until January 21 to find out who voted for [...]
Tesco turnaround: Here’s what the analysts say

January 8, 2015

Troubled Tesco today unveiled a dramatic turnaround plan, which will be led by Halfords chief executive Matt Davies when he starts as the supermarket's new UK boss in June. Its share price soared more than 10 per cent in mid-morning trade. But what are the analysts making of it all? Finally fighting back: John Ibbotson, director [...]
Samsung forecasts first annual profit drop in three years

January 8, 2015

The world's biggest electronic company Samsung as predicted its first annual profit drop since 2011. The South Korean smartphone maker forecast operating profit of 5.2 trillion Korean won (£3bn) for the three months to December, down from 8.3 trillion won a year earlier. Despite this it beat an earlier estimate of 5 trillion won from [...]
Here are the world’s 10 safest airlines: Qantas, British Airways and Cathay Pacific Airways

January 8, 2015

Anyone who fears flying can take some comfort from this list of the world's 10 safest airlines. Australian airliner Qantas' fatality-free record has propelled it to the top of a list, which was compiled by ratings website AirlineRatings.com. "Over its 94-year history Qantas has amassed an extraordinary record of firsts in safety and operations and [...]
Ted Baker bucks high street trend with strong sales

January 8, 2015

Ted Baker defied warm weather which kept shoppers away from high streets as sales surged over the Christmas period. The upmarket fashion group said retail sales rose 22.8 per cent year-on-year in the eight weeks to 3 January. Online sales also soared 66 per cent, boosted by an overhaul of its US website in July. [...]
Marks & Spencer share price falls as retailer records 14th consecutive quarter of clothing woes

January 8, 2015

Marks & Spencer's share price fell more than 2.2 per cent in early trading, after the struggling retailer revealed below-expectations results. Online delivery delays and "unseasonal conditions" proved to be a nightmare before Christmas for Marks & Spencer, as general merchandise sales slumped for the 14th consecutive quarter. Like-for-like sales in general merchandise – which [...]
Eurozone deflation: Who are the winners and losers?

January 7, 2015

Deflationary death spiral There's good and bad deflation. malign or benign deflation. "Malign deflation, the kind that accompanied the Great Depression, is a consequence of shurnken spending, corproate earnings, and payrolls … prices aren't falling due to abundant goods & services but because there's less money to go around." Benign deflation … results from improvements [...]
Bill Gross investment outlook: “The good times are over”

January 7, 2015

Bond king Bill Gross has gazed into his crystal ball and delivered a gloomy prediction for the year ahead in his monthly investment outlook, warning investors that the time for risk taking had passed. The investor extraordinaire said this was the moment when "common sense must recognise that the king has no clothes, or at least that [...]
Eurozone deflation: Euro area posts negative rate for the first time since 2009

January 7, 2015

There was yet more misery for the Eurozone this morning as it entered deflation for the first time since 2009. Eurozone inflation dropped to -0.2 per cent compared with a year earlier, according to official data released by Eurostat. This was more than the -0.1 per cent economists had forecast for December. It's largely due [...]

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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