Prospect theory: Why the Greeks (and the Scots) may keep hold of Nurse January 6, 2015 Will 2015 be the year in which fantasy economics in Europe is finally put to the test? Somewhat to the surprise of many commentators, in December, the Greek political class failed to elect a new president even after three attempts. Parliament has now been dissolved and an election will take place on 25 January. The [...]
Prince seeks new power generation at Fifa January 6, 2015 THE MAN credited with giving women’s football the hijab has emerged as the leading challenger to the reign of the man who notoriously said female players should wear tighter shorts. Prince Ali of Jordan, the head of the West Asian football and a Fifa vice-president, yesterday declared his intention to stand against the world governing [...]
Rocky year ahead for flotations as market uncertainty reigns January 5, 2015 THE GENERAL Election in the UK and turmoil abroad could shake the equity capital markets in 2015, JP Morgan’s regional boss told City A.M. Vis Raghavan expects some flotations to take off strongly in any case, but predicts more marginal firms to either hold off floats or cut the price of their stock when volatility strikes. “You [...]
Petrol price of £1 a litre comes one step closer as big four supermarkets cut prices January 5, 2015 The good news for drivers just keeps on rolling. Britain's so-called "big four" supermarkets have announced a 2p cut to the price of petrol, with Tesco's reduction coming into effect immediately. The rest, which include Asda, Morrisons and Sainsbury's, will cut their prices tomorrow. The reductions bring the prospect of £1 per litre petrol tantalisingly [...]
Oil slides to new five-and-a-half-year low amid global supply glut January 5, 2015 Brent crude slipped below $55 per barrel today, marking a new five a half year low for the black stuff. It came after record supplies from Iraq and Russia fueled speculation persistently low prices were set to continue. Data from Russia's energy industry showed oil output hit a post-Soviet high last year at around 10.5m [...]
2015 resolutions: Ten pledges to put Britain back on a sustainable footing January 4, 2015 It's that time of the year when, having over-indulged over the holiday period, we promise to do better over the next 12 months. Our political leaders have over-indulged for a good deal longer than just a few days, and we can see the cost in the state of the public finances and falling standards [...]
Sony Hack: North Korea calls US sanctions hostile and inflammatory January 4, 2015 North Korea has struck out at US sanctions imposed in the wake of the Sony Hack, calling them hostile and inflammatory. Last Friday the US placed restrictions on the renegade state after claiming it was North Korea that hacked electronics company Sony, stealing sensitive information including emails and films and posting them online.North Korea [...]
Oil price will rise in 2015 and there will be no UK shale gas revolution, says Cebr Energy December 31, 2014 This year has been a roller coaster for the world of energy. The American shale gas revolution led to falling prices and reshoring of industry while the price oil has plunged below $60 per barrel. The fall in the price of oil has been cheered by industry and consumers while countries such as Russia and [...]
FTSE 100 closes 0.3 per cent up (but fell 2.7 per cent in 2014) December 31, 2014 The FTSE 100 ended the year at 6,566.09 points, 0.3 per cent higher than yesterday's close, as trading ended early on New Year's Eve. However, the index was 2.7 per cent down on the beginning of the year, as equities were rocked by headwinds from global markets. Alastair McCraig, a market analyst at IG, pointed [...]
The year at City A.M.: Our most popular stories of 2014 December 31, 2014 With everything that has gone on in the last 12 months you might be forgiven the odd memory lapse. Here's our round-up of the stories that got you clicking in 2014. January It's hard to believe it was less than a year ago that French President Hollande was caught having a moped-based affair with actress [...]