City A.M

Latest articles from City A.M

• Putin Ally Warns Russia’s Defeat Could Trigger Nuclear War

  Published 19 January 2023 | viewed 3,516 times

  Former Russian President Dmitry Medvedev, an ally of Kremlin chief Vladimir Putin, warned the North Atlantic Treaty Organization (NATO) on Thursday that the defeat of…

• UK Wind Farms Are Producing Too Much Energy

  Published 18 January 2023 | viewed 26,706 times

  National Grid forked out £82m to operators of wind farms last month to constrain supplies and reduce output amid blustery conditions, to prevent the UK’s…

• Hydrogen Company ITM Power Sees Shares Nosedive After Profit Warning

  Published 16 January 2023 | viewed 1,750 times

  Shares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after the energy storage specialist announced a third profit warning…

• UK Government Could Save Billions As Energy Bills Continue To Fall

  Published 14 January 2023 | viewed 6,145 times

  Energy bills could fall under £2,500 per year in the second half of this year, potentially saving the Government billions of pounds in the cost…

• Centrica Predicts Almost Eightfold Increase In Full Year Profits

  Published 12 January 2023 | viewed 2,128 times

  British Gas owner Centrica has predicted a near eightfold increase in its full-year profits, powered by soaring energy prices last year following Russia’s invasion of…

• Wind Power Generates Record Amount Of Energy In The UK

  Published 12 January 2023 | viewed 3,177 times

  Wind power generated record amounts of energy earlier this week, topping 21 gigawatts for the first time ever on Tuesday evening. Blustery conditions have powered…

• Goldman Sachs: Europe Risks Clean Energy Investment Exodus

  Published 11 January 2023 | viewed 3,103 times

  Europe risks an exodus of clean energy investment to the US, unless it brings in its own inflation reduction strategy, Goldman Sachs has warned. The…

• Gold Jumps Amid Hopes Of Less Aggressive Fed Rate Hike

  Published 10 January 2023 | viewed 5,098 times

  Gold prices have stayed firm in today’s trading – with the precious metal peaking at $1,880 per ounce this morning, amid growing expectations of less…

• Nuclear Boss Urges UK Government To Back Small Nuclear Reactor Technology

  Published 09 January 2023 | viewed 2,267 times

  The head of the UK’s leading nuclear body has urged the government to pursue small modular reactors (SMRs) with “pace and urgency”, amid reports of…

• UK Government May Cut Energy Support For Business In Half To Save Taxpayer Money

  Published 03 January 2023 | viewed 3,356 times

  Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and…

• UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables

  Published 29 December 2022 | viewed 1,609 times

  A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a ‘windfall tax’ on renewables companies. Community Windpower…

• Saxo Bank: UK Will Scramble For Gas When Wind Isn’t Blowing

  Published 24 December 2022 | viewed 4,483 times

  The UK will be scrambling for highly expensive gas imports to meet its energy needs this winter to stave off blackouts whenever the wind doesn’t…

• The UK Economy Is Facing An Exceptionally Tough 2023

  Published 24 December 2022 | viewed 4,495 times

  2023 is expected to be an exceptionally tough year for the UK economy. The country is almost certainly already in a year-long recession, one that…

• Octopus Energy Faces Legal Challenges After Rival Takeover

  Published 21 December 2022 | viewed 5,813 times

  Octopus Energy has completed its takeover of fallen rival Bulb, absorbing its 1.5m customers and becoming the third-biggest supplier in the UK with over five…

• Britain’s Energy Price Cap Policy Is Costing It Billions

  Published 21 December 2022 | viewed 3,978 times

  UK borrowing surged over the last year due to the government partially covering the cost of household energy bills, official figures out today reveal. The…

• UK MPs Warn Hydrogen “Not A Panacea” For Emissions Problems

  Published 19 December 2022 | viewed 2,885 times

  Hydrogen is “not a panacea” for cutting carbon emissions and plans to require all new boilers to be hydrogen-ready in four years time are unrealistic,…

• How To Invest As This Economic Cycle Nears Its End

  Published 12 December 2022 | viewed 3,419 times

  As this economic cycle ends, we shouldn’t expect to see the patterns of the past decade repeated. A new regime in policy and market behaviour…

• U.S. To Bail Out Britain By Doubling Natural Gas Exports

  Published 08 December 2022 | viewed 12,534 times

  Under fresh plans to clamp down on the rising cost of living across the UK, the government has convinced the Biden administration to double US…

• UK’s Economy To Dip Into Recession This Winter

  Published 05 December 2022 | viewed 2,958 times

  The UK’s recession will officially begin this winter and is likely to last for most of next year, a closely watched survey out today suggests.…

• UK Energy Reforms Could Stifle Growth

  Published 05 December 2022 | viewed 2,967 times

  Ofgem’s flurry of reforms to the energy sector could stop new ideas from entering the market and improving outcomes for customers, warned the boss of…