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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Chocolate prices, sugar prices and El Niño: Why your easter egg is more expensive this year

March 24, 2016

The Easter bunny will be feeling additional pressure on its margins this year, thanks to a jump in the cost of its most popular confectionery. The price of milk chocolate is 10 per cent higher this Easter compared to last year, according to commodities intelligence service Mintec. "Global demand for cocoa is expected to exceed production, leading [...]
Tata Scottish steel mills in Clydebridge and Dalzell saved by deal with Liberty House

March 24, 2016

Two Scottish steel plants have been saved from closure after a deal between Tata Steel and metals group Liberty House. The Clydebridge and Dalzell plants were due to be abandoned as Tata steamlined its business, a move which would've resulted in 1,200 layoffs. The deal is being mediated by the Scottish government, which will buy the two [...]
Brent crude and WTI: Oil prices heading for biggest weekly slide in two months

March 24, 2016

Global oil prices slipped under the $40 per barrel mark today, putting it on course for its biggest weekly slide in two months. Brent crude, the global benchmark, fell 1.6 per cent to $39.81 per barrel this morning. Meanwhile, West Texas Intermediate crude, the US benchmark, slumped 1.9 per cent to $39.05. The oil price [...]
Budget 2016: Chancellor George Osborne warns drinks companies not to “waste time and money” by launching legal challenge to the new sugar tax

March 24, 2016

Chancellor George Osborne warned drinks companies against wasting time and money by launching a legal challenge to the new sugar tax. It comes as firms are gearing up to go to war with the government over his controversial sugar tax, and are considering fighting the new levy in the courts. Speaking before the Treasury select committee, [...]
Energy secretary Amber Rudd blasted over Brexit “electric shock” claim

March 24, 2016

Energy secretary Amber Rudd will warn Britain's exit from the European Union could result in what she termed a "massive electric shock". She will say a "no" vote in the in/out referendum on 23 June could lead to "a massive electric shock because UK energy costs are likely to sky rocket by at least half a billion pounds a [...]
IMF: Low oil prices won’t kickstart economic growth until interest rates rise

March 24, 2016

Why haven't low oil prices delivered a "shot in the arm" to global economic growth as many economists had initially expected? The International Monetary Fund (IMF) lays the blame squarely on the world's central banks, which have taken monetary policy into unchartered territory. In a new blog post published today, co-authors Maurice Obstfeld, Gian Maria Milesi-Ferretti, and Rabah [...]
EU referendum: Former MI6 spy chief Richard Dearlove says Brexit could make Britain safer

March 24, 2016

The former head of the MI6 foreign intelligence service has said Britain could be safer if it votes to leave the European Union. Prime minister David Cameron has previously said that the UK's national security would be endangered if it votes to leave in the in/out referendum on 23 June. Writing in Prospect Magazine, Richard Dearlove, who was head [...]
Dyson is working on an electric car, government documents reveal

March 23, 2016

Dyson is using government funding to develop an electric car at its headquarters in Wiltshire. Government documents released today inadvertently revealed that the company – which specialises in vacuum cleaners, fans and electrical devices – is indeed toiling away on the project. "The government is funding Dyson to develop a new battery electric vehicle at their headquarters [...]
Brussels attacks: Belgium authorities name bomber brothers Ibrahim and Khalid El Bakraoui

March 23, 2016

Belgium authorities named two brothers who were partly responsible for the deadly terror attacks in Brussels yesterday. Belgiums chief prosecutor also said that there's another suspect who is on the run. At least 31 people were killed and 271 wounded in yesterday's attacks, and the toll could still increase further. The Belgian federal prosecutor today told a news [...]
IFS: Scotland would face £10bn black hole in finances if independent

March 23, 2016

An independent Scotland would have faced an even bigger budget deficit than previously thought. The Institute for Fiscal Studies' updated assessment shows Holyrood would’ve had a £10.6bn black hole by the end of 2016/17, more than the £8.2bn initially forecast. By the end of the decade, when the UK as a whole is forecast to [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

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By: Jessica Morris

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