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.

All 2633 Articles

Enquest plans stake sale in North Sea project to Israeli billionaire’s Delek

July 18, 2016

Enquest is considering selling a slice in one of the biggest North Sea development projects to an Israeli billionaire. The London-listed oil explorer said today that it had signed a non-binding deal to sell a 20 per cent stake in the Kraken development to Delek, which is majority owned by Israeli entrepreneur and business man Yitzhak Tshuva. Read [...]
Oil slips as key chokepoint reopens after failed Turkey coup

July 18, 2016

Oil markets shrugged off an attempted coup in Turkey late last week after a vital global shipping route was re-opened. Brent crude, the global benchmark, fell 1.85 per cent to $46.73 per barrel this afternoon. Meanwhile, the US benchmark, West Texas Intermediate crude, slumped 1.78 per cent to $45.13. Read more: The grand edifice of President [...]
UK Steel “encouraged” by May’s support for the Welsh steel sector

July 18, 2016

UK Steel today welcomed Prime Minister Theresa May's "encouraging" support for the Welsh steel sector, and called for it to be broadened to the entire industry. It comes as May promised to work with the Welsh government and Tata Steel. The Indian conglomerate recently paused sale talks in favour of a merger with Germany's ThyssenKrupp, reigniting fears that [...]
Post-Brexit Britain could become “data haven”, technology group says

July 17, 2016

Brexit could transform Britain into a "data haven" for online firms if the EU opts for heavy-handed internet rules, according to an industry body. It comes as the European Commission mulls introducing laws which would control how the biggest tech firms use online platforms, such as search engines and social networks in Europe. The legislation would help address competition concerns. [...]
BT under pressure from Ofcom to offer discount services to pensioners and poorest families

July 17, 2016

BT is under pressure from the regulator to offer a discounted service to pensioners and low income families. The firm wants to move to internet-based voice calls, and away from traditional telephone lines. This would be relatively low-cost and allow BT to make savings, The Telegraph reported. Read more: Telecom giants come to blows over airwaves But Ofcom [...]
Tata Steel spurned £100m-plus offer due to pensions burden

July 17, 2016

Tata Steel turned down a £100m-plus offer for its loss-making UK business, which industry sources believe was likely due to the huge pensions burden. Tata halted the sales process last week, citing the Brexit vote and the government’s consultation on the British Steel Pension Scheme. Meanwhile, it opened collaboration talks with German rival Thyssenkrupp. Read more: China agrees [...]
Defence giant Lockheed Martin says UK could be more attractive to invest post-Brexit vote

July 17, 2016

One of the world’s largest defence contractors has said that the UK could become a more attractive place to invest, after Brits voted to leave the European Union. Marillyn Hewson, the chief executive of Lockheed Martin, told the Sunday Times that the weaker pound could make exporting from Britain more lucrative. Read more: BAE Systems has [...]
Gold loses shine as it heads for first weekly loss since May

July 15, 2016

Bullion's longest rally in more than two years could draw to a close today, as an improving global outlook hit investor appetite for the safe haven. After six weeks of gains, bullion came under pressure this week, down 2.5 per cent so far. It's been hit by strong economic data out of the US, as [...]
Oil prices shake off losses after strong US economic data

July 15, 2016

Oil prices crept into positive territory this morning, as official data pointed to solid demand in the world's largest economy. The Commerce Department said retail sales growth accelerated in May. Meanwhile, a separate release showed inflation rose for the fourth consecutive month. Read more: Oil slide leads to call from RAC for savings on the forecourt This [...]
Bank of England chief economist Andy Haldane wants “muscular” easing to help economy post-Brexit vote

July 15, 2016

The Bank of England's chief economist has said it must act "promptly as well as muscularly" to counteract the effects of Britain's vote to leave the European Union. In a speech delivered a week after the EU referendum, Andy Haldane said that Threadneedle Street should ease monetary policy to protect the economy and jobs. Read more: [...]

Badenoch: Starmer put UK in ‘weaker position’ through deals with China

GB Snowsport chief: City execs should sponsor Winter Olympics athletes, and go skiing with them

Experience Dan Brown’s Prague: the real locations in The Secret of Secrets

By: Jessica Morris

All 2633 Articles

Subscribe