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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Atkins warns Brexit would herald “difficult” period for UK engineering

June 16, 2016

Atkins has warned today that a Brexit vote next week would bring about a difficult period for the British engineering sector. "The whole British engineering industry would be in a much more difficult situation if Brexit were to happen," Uwe Krueger, chief executive of the design and engineering firm, told City A.M. Read more: UK Steel says industry [...]
EU referendum: UK Steel says industry crisis would worsen if Britain leaves the EU

June 16, 2016

A leading industry body has warned that a Brexit would exacerbate the crisis engulfing British steel, in a stark warning issued ahead of next week's referendum. Gareth Stace, director of Steel UK, said Britain is better able to prevent Chinese steel dumping which is contributing to low prices if it remains part of the EU. Read [...]
Gold hits highest level in nearly two years after US Federal Reserve’s dovish coos

June 16, 2016

The US Federal Reserve's dovish coos helped gold smash through the $1,300 mark for the first time since early May today. Spot gold swelled 1.30 per cent to $1,308.1 per ounce this morning, having touched its highest level since August 2014 at $1,313.60 earlier. US gold added 1.80 per cent to $1,311.3, after hitting its highest rate [...]
FTSE 100 firms pay billions to shareholders as pension deficits balloon

June 16, 2016

Fresh research has shown that 35 of Britain’s biggest companies paid out more in dividends than their ballooning pension deficits. And 54 FTSE 100 firms paid out a total of $48bn to their shareholders annually for the past two years, almost equal to their combined pension scheme deficit of $52bn. Read more: Show us the money: [...]
Wood Mackenzie: Oil industry to cut $1 trillion spending as North Sea hits “critical phase”

June 15, 2016

The global oil industry will spend $1 trillion (£704bn) less on development and exploration in 2015-20, just as the UK's North Sea sector hits a critical phase. Development investment will be around 22 per cent less than what was anticipated before the oil price rout started in the middle of 2014. And an additional $300bn will be cut [...]
Goldman Sachs declares end to oil price recovery

June 15, 2016

Goldman Sachs has dismissed what's been described by some analysts as a recovery in the global oil markets. The uber bear said it expects a "modest" deficit in the coming months due to current prices, before the market returns to surplus early next year. Rising demand, falling US oil output as well as supply disruptions [...]
Hollywood Bowl strikes for £280m London IPO

June 15, 2016

Hollywood Bowl Group, the UK's largest 10-pin bowling operator, will float on the London Stock Exchange next month in a deal valuing it at around £280m. The group, which runs 54 bowling centres around the country, has been striving to modernise the popular pastime with Americana-themed diners, licensed bars and interactive scoring systems that "customers didn't even know they wanted". Steve [...]
Noise and distractions are the big workplace productivity killers

June 15, 2016

Modern, open-plan offices lend themselves to high levels of noise and distractions, however these have become the biggest workplace productivity killers. The ability to focus and work without interruptions is a top priority for employees when it comes to office design, according to a study by Oxford Economics. It was ranked first by 29 per cent, [...]
Savers should plump for cash over shares, study says

June 15, 2016

Savvy savers should opt for a best buy cash savings account over a FTSE 100 tracker, according to new research which challenges conventional wisdom. The study by financial journalist and BBC Money Box presenter, Paul Lewis, found that this type of savings account beat the tracker in 57 per cent of 192 five-year periods starting each month from 1 January [...]
North Sea to warn government subsea sector risks losing world-leading position

June 14, 2016

North Sea oil and gas leaders will deliver a stark warning to the government tomorrow, saying that the subsea sector risks losing its world-leading position. Industry body Subsea UK is leading a delegation to tell Westminister what it must do to help the embattled sector, which focuses on the exploration, drilling and development of oil fields located [...]

Blair think tank turns fire on Labour over wage hikes and tax squeeze

UK Sport: We invest £32m in winter sports because Britain cares deeply

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

By: Jessica Morris

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