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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Aggreko says first half profits will be lower as the oil price rout claims its latest victim

March 3, 2016

Temporary power services firm Aggreko has said first half profits are likely to be lower in the first half of this year, however its shares jumped as analysts said that this wasn't "as bad as expected." The figures Pre-tax profit fell 13 per cent to £226m in the year ended 31 December, from £289m in [...]
Moody’s downgrades five Omani banks: BankMuscat, Oman Arab Bank, National Bank of Oman, Bank Dhofar and HSBC Bank Oman SAOG

March 3, 2016

Credit ratings agency Moody's has downgraded five Omani banks, having slashed the country's credit rating last month due to low oil prices. Moody's downgraded the long-term deposit rating of BankMuscat, Oman Arab Bank, National Bank of Oman, Bank Dhofar and HSBC Bank Oman. It also kept their ratings under review for downgrade. The banks can no longer rely on the Omani government as a safety [...]
Intertek share price dives as it swings to a loss on oil price rout

March 2, 2016

Shares in London-listed Intertek slumped as much as 4.5 per cent to 2,868p per share today, after it swung to a loss in 2015. The figures: Intertek booked a £577m impairment charge in its industry services division on challenging trading conditions in the oil and gas industry, and reduced energy spending by its customers. The charge [...]
Seadrill, EnQuest, Tullow Oil and Ithaca: Moody’s issues another warning over UK oil firms’ credit ratings

March 2, 2016

Credit ratings agency Moody's has sounded the alarm over the effects of crumbling crude prices on oil companies' ratings, as it issued a series of credit rating cuts and downgrades for UK companies in the sector. Moody's downgraded independent explorer Seadrill's credit rating by three notches, citing the continued deterioration of the offshore drilling market. Independent explorer [...]
UK house prices: Stamp duty changes should be linked to carbon emissions – Think tank PolicyExchange

March 2, 2016

A leading think tank has called for homebuyers who choose properties that perform poorly on energy efficiency to pay more stamp duty. Under the proposal by London-based Policy Exchange, a £220,000 house with a poor energy efficiency rating would see stamp duty rise 30 per cent from £1,900 to £2,470. However, those buying an energy efficient home of the same value [...]
Russian oil production shows first sign of freeze deal

March 2, 2016

Russian oil production was flat in February, in the first sign of the country's participation in a historic production freeze deal among some of the world's biggest producers. Energy Ministry data showed oil output held at the same rate in January of 10.88m barrels per day. In tonnes, it hit 43.064m compared to 46.006m in January, which [...]
Russian oil production shows first sign of freeze deal

March 2, 2016

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Rolls-Royce share price rises after it appoints new executive Bradley Singer from activist investor ValueAct

March 2, 2016

Roll-Royce has appointed a new non-executive to its board from US-based activist investor ValueAct, as the company presses ahead with its turnaround plan. California-based hedge fund ValueAct raised its stake in Rolls-Royce from 5.4 per cent to 10 per cent in December, fuelling expectations that it would seek a seat on the firm’s board and work with [...]
Virgin Money results

March 2, 2016

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Poundland temp chief executive appt

March 2, 2016

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Wes Streeting: Progress on NHS delays as private insurance soars

Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Jessica Morris

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