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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What Saudi Arabia’s new economic vision means for Opec’s June meeting

May 26, 2016

Is Saudi Arabia likely to unshackle itself from oil dependency any time soon? Our view is — not. Determined to overcome its oil revenue dependency, the gulf state's deputy crown prince, Mohammed bin Salman, has pledged to implement Vision 2030. It includes an ambitious programme to diversify Saudi’s economy, treble non-oil revenues to $100bn (£68bn) by [...]
French strikes spark confrontations between police and protestors

May 26, 2016

Tens of thousands of demonstrators took to the streets, smoke bombs were thrown and arrests made amid protests over new labour laws by the French government. Their grievances centre on the government's proposed reforms to employment laws, which make it easier for firms to hire and fire. Prime Minister Manuel Valls said some tweaks could be [...]
“Next Dyson” inks deal to turn Midlands into innovation hub

May 26, 2016

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Sajid Javid says Tata pension chiefs asked for controversial changes

May 26, 2016

The government was asked to consider controversial changes to Tata's pensions by the scheme's own trustees, the business secretary has said. Sajid Javid said that the British Steel Pension Scheme has asked for changes that "[they"] believe … will move the scheme into surplus and make it stable." "This is very much about this scheme, and [...]
Why drinking isn’t really as much fun as you think: It’s more about the socialising than the boozing

May 26, 2016

Scientists have finally put a number on just how much better drinking can make a given situation — and it looks like people are right when they say you don't need alcohol to have a good time. People were asked to rate their happiness on a scale of one to 100 at various points throughout the day for [...]
Prime minister David Cameron warns of hit to pensions if Britain backs Brexit

May 26, 2016

Prime minister David Cameron has warned retirees face a triple threat to their pension pots if Britain votes to leave the European Union. He said pension funds would shrink due to the economic shock from a leave vote, just as the fallout increased the cost living and changes to visa and residency rules led to a shortage of [...]
Tata Steel still considering bids for its UK assets

May 25, 2016

Tata Steel is still considering bids for its loss-making UK business, despite hopes for a shortlist of bidders to be revealed after its board meeting today. The announcement came after Tata execs scrutinised the details of the bids, as well as discussing the British government's support for a potential sale in Mumbai. Finance director, Koushik Chatterjee, subsequently told reporters: [...]
Ashurst: Oil and gas firms gear up for wave of M&A activity as oil prices stabilise

May 25, 2016

Oil and gas firms are gearing up for a wave of mergers and acquisitions activity which will sweep across the world this year. The industry expects deal volumes to swell by 50 per cent year-on-year in 2016, rising substantially on a three to five year horizon, according to a report released today by City law firm [...]
Shell cuts 2,200 more jobs after its takeover of BG Group

May 25, 2016

Royal Dutch Shell said today that it will cut an additional 2,200 jobs due to low oil prices and in the wake of its £35bn takeover of BG Group. This takes the total job cuts resulting from the integration of its smaller rival to at least 5,000 globally, including 475 job losses in the UK. Shell recently reduced its 2016 spending [...]
Serco share price jumps after it hikes profit forecasts for 2016

May 25, 2016

Serco jumped after the outsourcer hiked its earnings forecasts for this year, citing several longer and more profitable contracts. It expects underlying trading profit to be no less than £65m, more than the previous estimate of £50m. This is on revenue about £2.9bn, which is also slightly above its earlier guidance of £2.8bn. Read more: Cameron slammed over Serco [...]

Drinking in stands hailed as success as more clubs join WSL pilot scheme

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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