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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Tinder parent company Match Group seeks to woo investors with IPO

October 17, 2015

Match Group wants to woo investors with an initial public offering (IPO). Match Group, owner of dating app Tinder as well as dating sites OKCupid and Match.com, filed documents with the Securities Exchange Commission for a listing on the Nasdaq Global Select Market under the symbol "MTCH" yesterday. Media mogul Barry Diller's IAC/Interactive Corp, which owns Match Group, would retain [...]
UK Steelmaker Tata Steel expected to axe 1,200 jobs

October 17, 2015

Britain's biggest steelmaker, Tata Steel, is expected to cut around 1,200 jobs in what will be a huge blow to the industry, a union source told City A.M. Reports suggest the bulk of the cuts will be at Tata Steel's Scunthorpe site, which employs 4,000 people. However, the axe could also fall at sites in Clydebridge, Cambuslang, Dalzell and Motherwell. The news broke as [...]
Abundance Pension launches world’s first P2P lending Sipp

October 17, 2015

The world's first peer-to-peer lending (P2P) self-invested personal pension (Sipp) has been launched by P2P investment provider Abundance. The Abundance Pension lets individuals invest in renewable energy projects as part of their retirement savings. However, it comes at a time when the government is scrapping a green tax exemption that's been enjoyed by renewable energy companies since [...]
HSBC chief executive Stuart Gulliver says China’s economy is unlikely to suffer a “hard landing” despite slowdown fears

October 16, 2015

HSBC chief executive Stuart Gulliver has said China is unlikely to have a "hard landing", despite mounting concern over the strength of its economy. "The fears for China's economy are overplayed. I do not believe China will have a hard landing," Gulliver said in a speech today. "The last few months have obviously been difficult… (But) the [...]
S&P: Impact of Bank of England and Prudential Regulation Authority’s ring-fencing on UK banks’ credit rating “limited”

October 16, 2015

Credit ratings agency Standard & Poor's (S&P) has said today that ring-fencing regulations will have a "limited" effect on one of the factors used to determine a big bank's credit rating. Yesterday, the Bank of England's Prudential Regulation Authority outlined proposals for how big banks should separate their retail banks from their riskier investment arms. It's designed to help [...]
Ukog: UK Oil and Gas share price falls despite extending planning permission for its Markwells Wood well license

October 16, 2015

Shares in UK Gas and Oil (Ukog) fell five per cent to 1.35p per share in early afternoon trade, despite the company securing an extension to planning permission for its Markwells Wood well in West Sussex. Ukog said the South Downs National Park Authority had agreed to extend planning permission for the well site until the end of September 2016. The company is [...]
Why this could be an important day for renters

October 16, 2015

Today could be a big day for those of us who rent our home, although you may not know it. The MP for Westminster North, Karen Buck, has put forward a private member’s bill “to amend the Landlord and Tenant Act 1986 to require that residential rented accommodation is provided and maintained in a state [...]
Here’s how much alcohol abuse and hungover employees cost the economy

October 16, 2015

Inebriated employees who opt to stay out on a school night can cost an economy billions. The US economy lost about $249bn (£160bn) in 2010 due to the effects of excessive alcohol consumption, with binge drinking accounting for $191.1bn, or 76.7 per cent, of this. This was due to lost productivity, healthcare and other factors such as crime. But the effect of a [...]
Barclays says oil prices are likely to recover before market expectations

October 15, 2015

Barclays analysts have come out against the "lower for longer" talk regarding the future direction of oil prices. In a report, they argue current oil prices aren’t high enough to encourage companies to keep producing sufficient quantities of the black stuff in the medium term. And this will make it harder to meet demand for oil [...]
S&P slashes Russia’s economic growth forecasts amid weak oil prices

October 15, 2015

Credit ratings agency Standard & Poor's (S&P) has said that oil prices remaining lower for longer will punish Russia's economy. S&P slashed its forecasts for Russia's economic growth from -2.6 per cent to -3.6 per cent this year, and from 1.9 per cent to 0.3 per cent in 2016. "The change reflects our expectations of a more prolonged weakness in [...]

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By: Jessica Morris

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