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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Alphabet shares plummet after it misses expectations

April 21, 2016

Alphabet shares plummeted around seven per cent in after hours trading following a disappointing set of first quarter results. Google's parent company reported revenue rose 17 per cent to $20.3bn year-on-year in the first three months of 2016, slightly below analysts' expectations for an increase to $20.4bn. Earnings per share came in at $7.5 per share during this [...]
Britain’s favourite diesel cars breached emissions tests

April 21, 2016

All of Britain's most sought-after diesel cars exceeded the legal limit for safe levels of pollution, with emissions up to 12 times higher than those advertised by the car makers. The "real world" tests on 37 of the UK's most popular cars came after Volkswagen admitted using defeat devices to cheat emissions tests worldwide in September. "It [...]
Volkswagen reaches deal with US Justice Department over emissions scandal

April 21, 2016

Volkswagen has agreed to buy back or fix nearly 500,000 diesel cars in the United States that were fitted with devices to cheat emissions testing. The provisional agreement also includes a remediation fund to offset some of the environmental damage caused by the scandal. Senior district judge, Charles Breyer, didn't specify how much car owners [...]
One Direction has a lot to learn: This group of grandads is the UK’s richest band

April 21, 2016

Wild horses couldn't stop the Rolling Stones from being crowned the wealthiest band in Britain and Ireland. Sir Mick Jagger, Keith Richards, Charlie Watts, and Ronnie Wood have combined fortunes of £630m, up £40m on 2015. Read more: London has more billionaires than any other city in the world It was also a beautiful day for U2, who have a [...]
Who went to Britain Stronger In Europe’s exclusive (and secretive) Knightsbridge fundraiser?

April 20, 2016

Financial big guns flocked to a lavish dinner tonight to raise funds for the coiffers of campaigners who are fighting to keep Britain in the European Union. Lord Peter Mandelson, alongside Britain Stronger In Europe chairman and former Marks & Spencer exec Stuart Rose were among a number of notable attendees to join the event at an exclusive Knightsbridge hotel, City A.M. [...]
No party for Barbie as Mattel losses widen

April 20, 2016

Toymaker Mattel's losses widened as children continued to grow tired of some of its iconic brands such as Barbie. Mattel posted a loss of $73.2m (£51.1m) in the three months ended 31 March, more than the loss of $58.2m a year earlier. Net sales fell 5.8 per cent to $869.4m during this period, down from $922.7m [...]
Brent crude and WTI: Oil hits fresh 2016 high on smaller-than-expected US crude stockpiles

April 20, 2016

Oil prices hit a fresh 2016 high today, after smaller-than-expected US crude stockpiles quelled oversupply fears sparked by an earlier estimate. Analysts, traders and commentators are keeping a close eye on oil data out of the US for signs that the market is starting to rebalance, with inventories being drawn down as shale gas producers are forced [...]
Fintech and regulatory pressures are transforming bond markets

April 20, 2016

Fintech is speeding up "unprecedented" changes that are underway in Europe’s bond markets. Technological advances are accelerating the automation of bond trading, according to a report by the International Capital Market Association (ICMA). Regulatory pressures are also reducing the capacity for broker-dealers to hold, finance or hedge trading positions, the traditional source of bond market liquidity. "Many believe this [...]
Metals shine on brighter prospects for China

April 20, 2016

Industrial metals shined today, helped by a renewed bout of optimism over the Chinese economy. Metal prices are tied to the outlook for the world's second biggest economy, which is the world's biggest metals consumer. They have started to climb out of a rout recently, sparked by signs that the market is recovering. Citigroup has said there's evidence [...]
City of London Corporation warns Brexit threatens City’s international standing

April 20, 2016

The City of London Corporation has sounded another warning over Brexit, this time regarding its impact on the City's role as an international financial centre. Speaking at a Brexit legal debate, Mark Boleat, policy chairman at the City of London Corporation, said UK-based financial institutions would lose access to the single market, while some would eventually consider relocating elsewhere in [...]

Burnham launches bid to stand as Labour MP in by-election

Why authenticity is key to US sport succeeding in Europe

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

By: Jessica Morris

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