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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Moody’s cuts China’s credit rating to “negative” from “stable”

March 2, 2016

Moody's cut its outlook for China from "stable" to "negative", citing the country's rising debt burden and uncertainty over the government's ability to implement the much needed economic reforms. The world's second largest economy is transitioning to a “new normal” of lower growth, driven by domestic consumption instead of credit-fuelled investment. "Without credible and efficient reforms, [...]
London Stock Exchange share price soars to record high on news of possible bid from NYSE-owner ICE to rival Deutsche Boerse

March 1, 2016

Shares in the London Stock Exchange Group soared to a record high yesterday, after the New York Stock Exchange (NYSE) owner Intercontinental Exchange (ICE) confirmed it is considering bidding for the London-based exchange. ICE’s intervention came less than one week after LSE revealed it was in merger talks with the Frankfurt-based exchange Deutsche Boerse – [...]
From raising women’s state pension age to auto-enrollment: Why the government is overhauling the UK’s pension system

March 1, 2016

Over the past few years the government has embarked on a radical, root and branch overhaul of the UK’s pensions system. Whatever your circumstances this will affect you, either as an individual or as an employer. As pensions minister I need to help everyone know about and understand these changes. Our reforms are all about ensuring [...]
Fund managers predict 1-in-4 chance of a UK recession

March 1, 2016

Fund managers are feeling increasingly gloomy about the outlook for the UK economy, according to a new survey. On average, they forecast a 23 per cent chance of a UK recession during the next eighteen months, according to investment bank and research house Liberum's UK SMID fund managers’ survey. The survey also showed they're pessimistic on all [...]
Eurozone January unemployment falls to lowest level since August 2011

March 1, 2016

Eurozone unemployment fell for the third month in a row in January, slipping to its lowest level since August 2011. Data released today by Eurostat showed the single currency area's unemployment rate fell to 10.3 per cent in January from 10.4 per cent a month earlier. This beat economists' expectations, with the majority expecting it [...]
Tullett Prebon share price rises as its profits spike on oil price volatility

March 1, 2016

Tullett Prebon's shares rose 0.6 per cent to 350.6p this afternoon, after oil proved to be black gold for the broker. The figures: Tullett Prebon's revenue increased 13 per cent to £796.0m in the year ended December 31st, from £703.5m in 2014. Energy sector revenue swelled 102 per cent to 204.3m during this period, helping to offset falls in treasury [...]
Fresnillo share price falls despite it making cost cuts amid commodity price rout

March 1, 2016

Fresnillo shares slumped 3.8 per cent to 962p per share this afternoon, after making gains in recent weeks. The figures Fresnillo's revenue rose 2.2 per cent to $1.44bn (£1bn) in the year ended December 31st, from $1.41bn a year earlier. This came as Fresnillo ramped up production and made productivity improvements, which helped offset some of the damage from tumbling precious [...]
Glencore share price falls as profits plunge on weak commodity prices

March 1, 2016

Today's results come as no surprise to investors, with Glencore's profits tracking huge falls in commodity prices last year. The figures Glencore's share price fell around 2.4 per cent to 130.p per share this morning. The commodity miner and traders's adjusted net income fell 69 per cent to $1.34bn (£961m) last year, down from $4.28bn a year earlier. This was [...]
Researchers have found a way to predict future oil prices

February 29, 2016

From its sensitivity to shocks in global supply and demand, to outside factors such as the weather, oil prices are notoriously difficult to predict. After all, hardly anyone foresaw the current rout which has wiped around 70 per cent off the value of crude since the middle of 2014. But companies around the world have been forced to [...]
Genel share price tanks of $1bn impairment charge on Iraqi Kurdistan field

February 29, 2016

Shares in Genel tanked today after the oil producer said it expects to book a $1bn (£721.7m) impairment on an oil field in Iraqi Kurdistan due disappointing production and diminished value from low oil prices. Following a review, Genel cut its estimates for proven and probable reserves at its Taq Taq oil field to 356m barrels as of [...]

ETFS are no longer a side experiment after record 2025 growth

Scrap Saturday 3pm blackout for women’s football, MPs urge government

Volkswagen Golf R 2026 long-term review: First report

By: Jessica Morris

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