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.

All 2633 Articles

Hinkley Point C nuclear power station: EU gives EDF and China’s CGN okay for £18bn project

March 11, 2016

The European Union's competition authority has given French utility giant EDF and Chinese nuclear firm CGN regulatory approval to build the controversial Hinkley Point C project. Hinkley is being financed by the two companies and will cost around £18bn. However, there's rising concern over whether EDF's already stretched balance sheet will be able to absorb this. "The [...]
CMA investigation into the big six energy companies: Energy price comparison sites

March 11, 2016

Price comparison sites for energy are a good thing, right? They’re the reason that millions of customers have switched energy supplier. They’ve spent small fortunes promoting energy switching to help customers find cheap tariffs. They then help them switch, saving each customer hundreds of pounds in the process. If it’s anyone who’s going to reach [...]
UK’s trade deficit with the EU swells to a record in December

March 11, 2016

Britain's trade deficit with the EU has swelled to a record, as Britain continued to export less goods to its European neighbours. The Office for National Statistics said the UK's good trades deficit with the EU widened to £8.1bn in January, from £7.4bn a month earlier. But Britain's trade deficit with the wider world narrowed to £2.2bn from [...]
French auditor Cour des Comptes joins rising concern over EDF’s ability to finance Hinkley Point C

March 11, 2016

A French auditor has joined the rising chorus of concern over utility giant EDF's ability to finance the £18bn Hinkley Point C project. Cour des Comptes, France's top audit body, said the state-owned utility should ask "serious questions" over the building the two nuclear power plants in Somerset. It comes a week after EDF's finance director, Thomas Piquema, resigned over the negative [...]
Competition and Markets Authority’s investigation into the big six: It’s time to welcome a new era in the energy industry

March 11, 2016

An eighteen month investigation into the energy market is nearing a close, and the Competition and Markets Authority (CMA) has recommended some practical solutions. This is much needed, given that 20 years after privatisation, 70 per cent of big six customers are still on the most expensive tariff and have been for far too long. We've consistently said [...]
Brent crude and WTI: IEA says oil prices might have bottomed out

March 11, 2016

Oil prices could begin to trend upwards, as high cost US shale gas producers halt production and Iran makes an unexpectedly slow return to the market, the International Energy Agency (IEA) said today. The IEA now expects non-Opec output will fall by 750,000 bpd this year, more than its previous estimate of 600,000 bpd. US production alone would decline by 530,000 bpd in [...]
Hacker’s typo foiled a billion dollar bank heist involving the Bangladesh central bank and the New York Fed

March 11, 2016

A spelling mistake in an online bank transfer helped halt a nearly $1bn heist last month, sparing the Bangladesh central bank and the New York Fed from an embarrassing episode. But the unknown cyber criminals still managed to get away with a hefty $80m, meaning it was still one of the largest bank thefts in [...]
Just retirement share price rises as it swings to profit ahead of merger with Partnership Assurance

March 11, 2016

Shares in Just Retirement rose 2.99 per cent to 138p per share in early morning trade after the insurer swung to profit in the second half of 2015. The figures: Just Retirement posted a pre-tax profit of £26.1m in the six months ended 31 December, up from a loss of £9.2m during the first half of [...]
BCC cuts UK economic forecasts in “wake-up call” as global backdrop darkens

March 11, 2016

The British Chambers of Commerce (BCC) has cut its forecasts for UK economic growth in a "wake up" call to policymakers against a darkening global backdrop. The BCC chopped its estimates for UK gross domestic product growth from 2.5 per cent to 2.2 per cent in 2016, from 2.5 per cent to 2.3 per cent [...]
World Energy Council: Industry leaders are increasingly worried about volatile commodity prices

March 11, 2016

Global commodity prices have overtaken energy prices as the number one critical concern among energy leaders and world experts. The World Energy Council’s annual survey showed global industry leaders are most concerned about this, the effects of a global economic slowdown and its impact on demand, as well as continued climate framework uncertainty. "This movement of [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Jessica Morris

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