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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Westminster Bridge re-opened after closure due to a “suspicious vehicle”

June 28, 2016

Westminster Bridge was re-opened today after nothing suspicious was found in a vehicle that had been abandoned near the Houses of Parliament. Metropolitan Police said in a tweet: "Westminster Bridge will be re-opened shortly after officers dealt with an abandoned vehicle. Nothing suspicious found." The bridge was closed off this afternoon in both directions as police investigated an abandoned smart [...]
China drives highest global nuclear capacity growth in a quarter-century

June 28, 2016

China helped drive nuclear power growth to its highest level in 25 years, according to the International Energy Agency. Speaking at a nuclear conference in Paris, Fatih Birol, the IEA's executive director, said: "We have never seen such an increase in nuclear capacity addition, mainly driven by China, and also South Korea and Russia." Read more: French economy [...]
Baltic Exchange and Singapore Exchange extend exclusive takeover talks

June 28, 2016

Singapore Exchange extended exclusive talks with the Baltic Exchange regarding a possible takeover offer by two months. The period has been stretched to 31 August from 30 June, SGX said in a statement released today. The two bourses had been in exclusive discussions since 25 May. Read more: String of foreign buyers circling the Baltic Exchange "SGX [...]
French economy minister Emmanuel Macron calls for timely EDF decision on Hinkley Point post-Brexit vote

June 28, 2016

The French economy minister has heaped pressure on state-backed utility giant EDF to make a timely decision on its Hinkley Point project following the Brexit vote. Emmanuel Macron's comments were made during a nuclear conference in Paris. He also warned that further delays to the final investment decision (FID) could add more uncertainty to the £18bn nuclear power plant. Read [...]
Oil prices fall as Brexit vote roils the market

June 27, 2016

Oil prices gave up earlier gains this afternoon as the dollar rallied and traders continued to digest the fallout from last week's Brexit vote. Brent crude, the global benchmark, fell 3.28 per cent to $46.82 a barrel this morning, while West Texas Intermediate crude, the US benchmark, slumped 1.05 per cent to $48.85. Read more: Oil [...]
Mixed fortunes for London-listed miners amid Brexit vote fallout

June 27, 2016

The fallout from the UK's Brexit vote was a boon for precious metals miners as investors sought safe-havens today, but this wasn't the case for the whole sector. Mexico's Fresnillo finished up seven per cent to 1,483p per share, while Rangold Resources added 9.02 per cent to 8,035p and gold miner Centamin swelled 8.15 per cent to 130.10p. Read more: Texas "frack master" accused [...]
Ryanair urges European Commission to stop French strikes as it cancels 166 flights

June 27, 2016

Budget airline Ryanair is urging the EU to take action after the latest airline strike orchestrated by French air traffic control unions. It comes as the low cost carrier was forced to cancel 166 flights to, from and over France tomorrow. It said that 30,000 Ryanair customers will have their flights cancelled, while over 100,000 others will [...]
Texas “frack master” accused of $80m fraud by the SEC

June 27, 2016

An alleged shale gas expert who called himself the "frack master" has been accused of orchestrating an $80m (£60.5m) fraud to fund his opulent lifestyle. Chris Faulkner, chief executive of Breitling Energy Corporation (BECC), is said to have used at least $30m of investor funds for personal expenses, including gentleman's clubs and personal escorts, according to the Securities and Exchange [...]
Miner BHP Billiton swims against the tide with spending boost

June 27, 2016

The battered mining sector could be on the tip of a pick up after BHP Billiton unveiled plans to boost how much it spends on finding oil and copper. Speaking during a presentation to Citigroup investors, BHP said it will raise exploration spending by nearly 30 per cent over this financial year, from $700m (£530m) to $900m. Read [...]
Manufacturers urge government to avoid “economic limbo” after Brexit vote

June 27, 2016

Manufacturers have urged the government to avoid economic limbo and act quickly to secure Britain's industrial future. It comes ahead of a crunch meeting between business groups and business secretary, Sajid Javid, due to take place tomorrow. Javid has said that the main message will be "there's no need to panic". Read more: Brexit would spell the [...]

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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