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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EU referendum: Former prime minister John Major slams Brexit campaign as built on “fantasy”

March 20, 2016

Former conservative prime minister John Major has issued a damning critique of those who want Britain to leave the European Union. Writing in the Sunday Telegraph, Major derided the arguments which underpin the Leave campaign as "disingenuous" and "fantasy". Major, the last Conservative prime minister before current incumbent David Cameron, said it would be "verging [...]
EDF aid would be funded by French state asset sales, says Finance Minister Michel Sapin

March 18, 2016

The French finance minister has said any additional aid to cash-strapped utility giant EDF must be financed by selling state assets to avoid increasing public debt. The French finance minister, Michel Sapin, said that the government was yet to decide on how it would help EDF. "Should we need to recapitalise any public company, we would do [...]
Brent and WTI crude: Oil prices hit 2016 high above $42

March 18, 2016

Oil rose above $42 per barrel today, helped by growing optimism that producers could agree a production freeze deal and a weak dollar. Brent crude, the global benchmark, rose 1.64 per cent to $42.22 per barrel, having touched a 2016 high of $42.31 earlier in the day. West Texas Intermediate crude, the US benchmark, added 1.8 [...]
Knight Frank and Markit: London house prices experienced the biggest increase this month

March 18, 2016

London house price growth is expected to beat all other regions this month despite a slowdown in the top of the market, new research has shown. Londoners perceived the biggest increase, followed by those in the South East, East of England, Scotland and then the North West. It's slightly surprising given price growth among prime central London properties [...]
European Central Bank’s chief economist Peter Praet says interest rates could go ever lower

March 18, 2016

The European Central Bank's chief economist Peter Praet has said the bank can take interest rates even lower if the Eurozone economy fails to pick up. Speaking to the Italian newspaper La Repubblica, Praet said that rates are yet to reach their lower limit. "As other central banks have demonstrated, we have not reached the physical lower [...]
Genel share price jumps on debt buy-back plan

March 18, 2016

Shares in former BP boss Tony Hayward's company jumped today, after the group revealed plans to reduce its debt burden through a partial buy-back of bonds. Genel will carry out a reverse tender offer to the holders of $750m worth of bonds, and it intends to purchase at least $50m of these at face value. It said [...]
Berkeley Group share price falls as it reports prime slowdown and questions government response to housing crisis

March 18, 2016

Berkeley Group has questioned the government's response to the housing crisis, saying that it will struggle to ease the growing gap between supply and demand. "We welcome government's intentions to address the persistent and acute imbalance between housing supply and demand but are concerned that supply may not respond positively due a number of inter-related factors," it said [...]
Gulf Keystone share price tumbles on funding concerns

March 17, 2016

Shares in Gulf Keystone tumbled as much as 18.3 per cent to 9.8p this afternoon, after the oil producer warned it could struggle to meet debt repayments next month. The Kurdistan-focused oil producer flagged "material uncertainties" regarding its ability to meet coupon payments in April and October, as well as the debt repayment of $250m April 2017 and $325 million [...]
North Sea producer EnQuest’s share price jumps despite losses more than doubling

March 17, 2016

EnQuest said that government changes to the way oil field operators are taxed for decommissioning costs will spur deals in the North Sea. "The tax changes facilitate late-life asset transfers because decommissioning tax relief is a big part of the transfer," Jonathan Swinney, EnQuest's finance chief said. "Over the medium term it will be positive," he added. [...]
EDF Energy to be grilled by MPs over Hinkley Point C nuclear power plant

March 17, 2016

EDF Energy will be grilled by a group of MPs next week over the controversial Hinkley Point C nuclear power plant in Somerset. EDF's chief executive Vincent de Rivaz, and managing director of new nuclear build Humphrey Cadoux-Hudson, will appear before the energy and climate change select committee on Wednesday. It comes as French economy minister Emmanuel Macron pledged fresh financing [...]

Starmer to face vote over Peter Mandelson sleaze inquiry

Brands, think you’ve missed out on the London Marathon? Think again

Why the Norwegian Arctic is the best place to see the Northern Lights

By: Jessica Morris

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