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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Lord Stern delivers stark warning to Mark Carney’s climate task force

June 6, 2016

A leading economist said oil, gas and coal firms risk financial ruin if they ignore global climate agreements, in a stark warning to the task force set up by Bank of England governor Mark Carney. Lord Nicholas Stern, who is renowned for his work on climate change, warned: "Business models reliant on the assumption that governments were [...]
World Energy Council slams UK’s “challenging” roll-out of smart meters

June 6, 2016

The UK’s roll-out of smart meters has been slammed as “challenging” by the World Energy Council. Andrea Buser, a manager at the UN-accredited body, told City A.M: "In the UK there have been delays, concerns over [smart meters'] communication problems and consumer backlash about privacy questions". The government is about to kickstart an ambitious programme [...]
Embargo: PWC miners report 2016

June 6, 2016

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Oil, copper, gold, zinc: Commodities rally as dollar softens after US jobs shocker

June 6, 2016

The dollar's pain was commodities' gain this morning, as the weaker greenback reinvigorated the typically ailing asset class. It helped oil push through the $50 mark, while copper, gold and zinc hit multi-week highs. Most metals had a torrid time last month due to the stronger greenback. But it traded near three-week lows today, making dollar-traded commodities cheaper [...]
Softer support for remaining in the EU makes voter turnout crucial, poll shows

June 6, 2016

With the EU referendum less than a month away, softening support among Brits for the Remain camp will make voter turnout crucial. An online survey by TNS UK found 41 per cent of UK respondents backed remain, while 43 per cent wanted to leave and 16 per cent were undecided. It accounted for differential turnout, or groups of voters less likely to [...]
Passengers and crew injured in turbulence on Malaysia Airlines flight from London

June 5, 2016

Passengers and crew were sustained minor injuries today during a bout of severe turbulence on a Malaysia Airlines flight from London to Kuala Lumpur. Malaysia Airlines flight MH1, carrying 378 passengers and crew, experienced "a brief moment of severe turbulence" over the Bay of Bengal, Reuters reported. A "small number" of injured passengers and crew on board the [...]
French finance minister says strikes have no “substantial impact” on the economy

June 5, 2016

The French finance minister, Michel Sapin, said weeks of strikes over controversial labour reform proposals would have little impact on the economy. In an interview with the business newspaper Les Echos, he said: "So far, the strikes have been partial and limited to sectors. I don't see any substantial impact on activities." Read more: French strikes spark confrontations [...]
Shell’s balance sheet, renewables strategy to be drawn into focus on Tuesday

June 5, 2016

Royal Dutch Shell's balance sheet and renewables policy could be drawn into focus when the oil major holds an investment day on Tuesday. The FTSE 100-listed oil major — which bought BG in a £35bn deal — recently revealed profits slumped 83 per cent in the first three months of 2016. This added to pressure on chief executive, Ben van [...]
Rolls-Royce shortlisted to build fleet of baby nuclear reactors

June 5, 2016

FTSE 100-listed engineering company Rolls-Royce has been shortlisted to build a fleet of mini nuclear reactors, City A.M. understands. It's part of the government's £250m nuclear research programme unveiled in last year's Autumn Statement, which includes a competition to identify the best value small modular reactor (SMR) design for the UK. Read more: There's no way Hinkley Point project will be finished [...]
Treasury’s bank bailout tsar Kingman in talks with L&G

June 5, 2016

The senior civil servant who was central to Britain's bank bailouts in 2008 is in line to chair FTSE 100-listed insurer and asset manager Legal & General. John Kingman, who is stepping down as second permanent secretary of the Treasury, has been approached about taking over the position when current chair, John Stewart, leaves the role on 1 June. It's [...]

Investor hits out at Peter Kyle for ‘picking winners’

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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