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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Six key takes from the London Mayoral election 2016

May 7, 2016

Sadiq Khan stormed to victory in yesterday's London Mayoral election after a bitter campaign in which the Conservatives were accused of trying to smear him. In his acceptance speech, Khan said he was proud that Londoners had chosen hope over fear and unity over division. "I hope that we will never be offered such a [...]
Q&A with the chair of the World Manufacturing Forum

May 6, 2016

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Man Group becomes latest firm to face shareholder ire over executive pay

May 6, 2016

Man Group has become the latest firm to stoke shareholder ire over executive pay, after a significant number of shareholders voted against its remuneration report. The investment manager's executive pay package was rejected by nearly 40 per cent of its shareholders, but it still passed as around 60 per cent were in favour. Read more: RBS [...]
IMF urges immediate talks on Greek debt relief as strikes get underway

May 6, 2016

The International Monetary Fund (IMF) urged Eurozone finance minister to start negotiating debt relief for cash-strapped Greece. It comes as Greece is being paralysed by a 48-hour strike protesting government-proposed legislation to introduce tax and pension reforms. IMF chief, Christine Largarde, said talks to find €3bn in “contingency” budget cuts had failed and debt relief must be [...]
Inmarsat shares suffer for the second day in a row

May 6, 2016

Investors continued to punish Inmarsat after the satellite and communication services company cut its full-year revenue forecast yesterday. Inmarsat shares slumped 4.6 per cent to 823.5p in late-morning trading, taking their decline to 26.1 per cent year-to-date. Read more: Inmarsat gets ready for lift-off It comes a day after Inmarsat shares plummeted yesterday after it lowered its full-year revenue forecast by $50m [...]
Numis founder and chief executive to step down

May 6, 2016

Brokerage Numis said today that founder and chief executive, Oliver Hemsley, is due to step down in the Autumn. Hemsley will remain on the board as an executive director once he's been succeeded by Alex Ham and Ross Mitchinson as joint-chief executives. Read more: Numis expects to report year-on-year revenue and profits growth Ham and Mitchinson will [...]
Rio Tinto gives go-ahead to £3.7bn Oyu Tolgoi mine expansion

May 6, 2016

Rio Tinto and its partners gave the greenlight to a $5.3bn (£3.7bn) expansion of its Oyu Tolgoi mine in Mogolia today. The move demonstrates the mining giant's confidence that low copper prices will stage a turnaround in a few years time. The London-listed company, the Mongolian government and Turquoise Hill Resources, approved the next stage in the [...]
InterContinental share price slips as it’s hurt by low oil prices and early Easter

May 6, 2016

Shares in Intercontinental Hotels edged lower this morning, as it said some of its markets had suffered due to low oil prices and the early timing of Easter. Global revenue per available room, an industry measure known as revpar, increased 1.5 per cent in the first quarter, helped by growth in the Americas and Europe. The [...]
Market economy status for China could kill Britain’s steel industry

May 4, 2016

The government has been accused of supporting a policy that would deal a final blow to the British steel industry, already thought to be in its death throes. Axel Eggert, director general of European steel association Eurofer, told City A.M. at the World Manufacturing Forum: "Market economy status for China would most likely be the [...]
Brexit would spell the end to UK manufacturing

May 4, 2016

Britain's already embattled manufacturing sector would be left fighting for its long-term survival if Britain votes to leave the European Union. Asked about its survival prospects outside of the EU, professor Marco Taisch, chairman of the World Manufacturing Forum, told City A.M: "It's a matter of time. It can survive for five to seven years, but long-term it can't." [...]

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Jeremy King: My honest thoughts on The Ivy £1bn sale

By: Jessica Morris

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