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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EDF’s Hinkley could be threatened by EU competition law

April 26, 2016

France's plan to give struggling state-owned utility giant EDF more financial leeway could be illegal under EU competition rules. Two environmental groups commissioned a legal opinion on the French government's proposed package of financial support for EDF, which they say is likely to have major implications for the Hinkley Point C nuclear power plant project in Somerset. Read More: [...]
BP, Shell, Chevron and Exxon brace for worst reporting season yet

April 25, 2016

It's about to go from bad to worse when BP publishes its first quarter results tomorrow, kicking off what analysts expect to be oil majors' worst reporting season yet. Analysts expect the firm to post a loss of 10 cents per share for the first quarter of 2016, on an anticipated revenue drop of 26 per cent. It [...]
Sirius Minerals share price rises as it reiterates confidence over finding funding for its Yorkshire potash mine

April 25, 2016

The figures Sirius Minerals reported losses of £7m in the nine months to the end of December, while it had cash of £29.1m at the end of this period. This was broadly in line with a loss of £9.6m in the 12 months to March 31, while analysts expected cash reserves of £26.6m. The latest batch of [...]
Premier Oil share price rises after shareholders give green light to E.On deal

April 25, 2016

Premier Oil shareholders have given the green light to its acquisition of E.On's North Sea oil and gas fields for $120m (£83m). The London-listed company said today that 99.9 per cent of shareholders who voted were in favour of the tie-up. Premier will now snap up assets located in the central North Sea, west of Shetlands and the southern [...]
Ikea is starting to sell solar panels in the UK

April 25, 2016

Ikea has started stocking solar panels in its stores across the UK, while heralding the renewable energy source as "the future". The flat-pack furniture retailer said solar panels will be available online and in three stores. Customers will be able to buy them in Glasgow, Birmingham and Lakeside, before they're rolled out in the so-called [...]
Fitch warns steel prices are about to fall even lower in the near-term

April 25, 2016

Fitch has warned steel prices will fall even lower in the near-term, as Indian conglomerate Tata Steel desperately searches for a buyer of its Port Talbot steelworks. Low prices have played a key role in the crisis gripping Britain’s steel industry, leading to the closures of steelworks and thousands of job losses up and down the country. [...]
IEA predicts biggest non-Opec output fall in a quarter century

April 21, 2016

The International Energy Agency (IEA) expects non-Opec output to fall this year by the most in 25 years. IEA chief, Faith Birol, added that low oil prices had cut investment by around 40 per cent over the past two years, particularly in the US, Canada, Latin America and Russia. In its medium-term report released earlier this month, the [...]
Starbucks sales growth slips as all regions fall short

April 21, 2016

Starbucks shares fell nearly five per cent as the world's largest coffee chain missed expectations for the fiscal second quarter. Starbucks said global sales at cafes open at least 13 months rose six per cent year-on-year in the fiscal second quarter ended 27 March. But this was below analysts' expectations for a figure of 6.7 per cent. The [...]
Visa shares slump as it changes Visa Europe deal

April 21, 2016

Visa's shares skidded down nearly five per cent in after market trading after the credit and debit card giant cut its full-year revenue growth forecast. The company now expects full-year revenue to come in between seven to eight per cent, lower than its previous forecast of high single-digits to low-double digits. Read more: Visa's contactless payments soar [...]
Microsoft shares drop as quarterly results miss expectations

April 21, 2016

Microsoft shares fell as much as five per cent in after-hours trading after its third quarter results missed expectations. The software giant's net income fell to $3.76bn, or 47 cents per share, in the third quarter ended 31 March, from $4.99bn, or 61 cents per share a year earlier. Quarterly revenue came in at $22.1bn in line [...]

Mike Ashley appeal case confronts ‘unjust’ trademark claims

Barry Hearn says ‘Saudi is a problem’ amid snooker shift

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

By: Jessica Morris

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