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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Glencore share price falls as copper production slides, ramps up debt-reduction

February 11, 2016

Shares in Glencore fell today after the commodities miner and trader reported a drop in production of its most lucrative product, copper, as it pressed ahead with plans to whittle down its debt by selling $500m (£347m) of precious metals output. Shares in the Swiss-based company fell as much as 6.67 per cent to 87.26p per [...]
Italian low-carbon energy company Cogenpower to float on Aim

February 11, 2016

An Italian low-carbon energy company will float on the London Stock Exchange's alternative investment market (Aim) tomorrow, as it seeks to expand into the UK. Cogenpower wants to raise £1m by listing 5,000,000 shares at 20p each, giving it an anticipated market capitalisation of £10m. Cogenpower's power plants and district heating networks deliver cheaper, cleaner heat and energy to nearby communities [...]
Freezing Brits cut back to pay energy bills as cold weather persists

February 10, 2016

Cold weather is forcing Britons to reduce their expenditure in order to afford rising energy bills, with 84 per cent of households admitting to tightening their purse strings. Almost 23m households across the UK have cut back to make their energy bills more affordable, new research from Santander Current Accounts has shown. Of these, around 63 per [...]
Tumbling brent crude prices plunge UK oil services sector into “unknown territory”

February 9, 2016

Tumbling oil prices have plunged the UK oil services sector into "unknown territory", leading many companies to forecast a significant fall in earnings. Advisory firm E&Y's fifth annual review of the UK oilfield services sector said growth gave way to decline last year. The top 100 oilfield services companies are forecast to have shrunk by 18 per cent [...]
Lonmin chief executive Ben Magara: Firm won’t shy away from merger or takeover

February 9, 2016

Embattled platinum producer Lonmin has said it isn't averse to a merger or takeover, as the commodity price rout shows no signs of letting up anytime soon. The South African company's increasingly tough business environment has stoked speculation among analysts that it could become involved in some kind of deal activity in the future. "We are continually looking [...]
Goldman: Aluminium, copper and gold prices to recover more slowly than oil prices

February 9, 2016

Goldman Sachs has warned metal markets will recover more slowly than the stricken oil sector, despite metal prices outperforming crude over the past 20 months. The Wall Street stalwart said metals have higher closure costs, slower "decline" rates and near infinite storage capacity, meaning supply side adjustments take longer compared to shale gas. Metals are also more heavily exposed [...]
Anglo American share price falls after its Kumba iron ore division posts lower profit

February 9, 2016

Shares in Anglo American fell as much as fell as low as 10.4 per cent to 337p today, after profits fell at its Kumba iron ore arm. Kumba, which is 70 per cent owned by Anglo, reported headline earnings fell 66 per cent to 11.82 rand per share in the year ended December 31st. Meanwhile, total [...]
Antofagasta, Anglo American, Glencore share price: UK FTSE miners’ rally comes to abrupt end

February 9, 2016

While mining stocks have sizzled recently, their rally came to an abrupt end today, in the wake of disappointing corporate news regarding two of the biggest firms. Antofagasta tumbled to the bottom of the FTSE 100, shedding as much as 10.2 per cent to 407.2p per share, after Goldman Sachs cut its rating on the stock to "sell". Meanwhile, [...]
Brent crude and WTI: IEA warns of “false dawn” over oil price optimism

February 9, 2016

The International Energy Agency (IEA) has warned that recent optimism over the future direction of oil prices could in fact be a “false dawn”. The Paris-based organisation said it has “major doubts” over the five drivers of a recent bounce in oil prices, leading to a revision of its forecast for future oil output. It trimmed [...]
Mayoral Tech Manifesto 2016: We must liberalise skilled visa policy to ensure the success of London’s tech sector

February 9, 2016

The new Mayoral Tech Manifesto 2016 outlines the bold steps the next mayor must take to maintain London’s position as the digital capital of Europe, and make it a truly digital city for businesses and citizens. But can it be done? In theory, it can. If the infrastructure, investment and government decision-making aligns, the opportunity is there for [...]

War of words erupts after Saba wins trust shareholder showdown

Leeds United investor buys stake in Spanish giants Atletico Madrid

The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70

By: Jessica Morris

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