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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China-led infrastructure bank eyes India for first loan

March 31, 2016

India is in line to receive one of the first loans from the China-led Asian Infrastructure Investment Bank (AIIB) later this year. The AIIB was created to fund energy, transport and infrastructure projects in Asia, and is touted as a rival to Western-centric financial institutions like the World Bank. Indian officials said today that the cash would be [...]
Prime minister David Cameron says “nationalisation not the answer” to steel crisis

March 31, 2016

Prime minister David Cameron said today that nationalisation isn't the answer to a deepening crisis in the UK steel industry. He said "we're not ruling anything out" when asked if the government was ruling out nationalisation in the long-term. "I don't believe nationalisation is the right answer. What we want to do is secure a long [...]
Heading for Silicon Valley? Having a degree pays in the tech industry

March 31, 2016

The likes of Bill Gates, Steve Jobs, and Mark Zuckerberg may have managed to build their sprawling tech empires without one, but most people who want to work in Silicon Valley will need a degree – and they'll be paid more for it too. That's according to research released this week by jobs market analytics company Burning Glass Technologies which [...]
Think tank slams government policy to avoid future blackouts

March 31, 2016

A leading think tank has slammed the government’s policy to avoid future blackouts as “not fit for purpose”, in a report released today. The IPPR said despite awarding £2.8bn in subsidies to power companies, the government’s “capacity market” scheme is failing to meet its own objectives. It comes amid rising concern Britain isn't building enough new [...]
Government says nationalisation of Port Talbot “not the solution”

March 30, 2016

The business secretary has said the government will "look at all viable options" to save Port Talbot's steel industry, but nationalisation is "not the solution". Sajid Javid said that the sector is "absolutely vital" for the UK, however he isn't convinced that nationalisation is a "long-term viable solution", ITV news reported. Downing street has said that [...]
Steel crisis worsens: Business secretary Sajid Javid rushes back to the UK as and David Cameron convenes emergency summit

March 30, 2016

Sajid Javid is due to fly back to the UK today, after Prime Minister David Cameron convened an emergency steel summit regarding Tata Steel's plans to sell-off its UK assets. Downing Street said that business secretary, Sajid Javid, will be flying back early from his trade visit to Australia. It added that prime minister David Cameron is due to hold a meeting with ministers [...]
Why some IPOs aren’t all they’re cracked up to be

March 30, 2016

Despite a high number of hotly anticipated flotations in recent years, 2016 has been slow going for initial public offerings. Now the dust has settled, it is interesting to examine the wide variations in performance. Compare Just Eat, Auto Trader, Poundland and AO World. All four came to market in the first few months of [...]
Pressure grows at EDF over Hinkley Point C

March 30, 2016

A board member at French utility giant EDF has vowed to vote against its plans to build the £18bn Hinkley Point C nuclear power plant. Christian Taxil, EDF board member for managers' union CFE-CGC, wrote to employees saying his decision was due to ongoing concerns about the project. "Today, conditions are not right for me to [...]
IPPR: Tata steel plant closure could lead to 40,000 job losses

March 30, 2016

Failure to find a buyer for Tata Steel's UK business could lead to 40,000 job losses in Britain, a leading think tank said today. The IPPR warned the total figure was likely to be higher, when reduced spending from unemployed workers hits demand in local economies. This could result in more business closures and job losses outside of the steel sector. The [...]
Fed chair Janet Yellen interest rate comments send mining shares soaring

March 30, 2016

US Federal Reserve chair Janet Yellen's dovish coos over future interest rates rises helped send London-listed miners higher today. Yesterday Yellen said that the Fed will "proceed cautiously" when deciding their policy actions in the coming months. Metal prices are slightly down today, however Yellen's comments weakened the greenback making dollar-priced commodities cheaper for holders of foreign currencies. The [...]

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By: Jessica Morris

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