City A.M

Latest articles from City A.M

• London Looks To Become First Net-Zero Financial Hub

  Published 31 March 2023 | viewed 1,327 times

  The government released its long-awaited Green Finance Strategy on Thursday, announcing a widespread review of policies and regulations as it seeks to channel investment towards…

• Octopus Trust Calls For Faster Grid Access In UK

  Published 29 March 2023 | viewed 760 times

  A leading trust has warned that National Grid needs to speed up grid connections for new renewable projects if it wants the UK’s investment climate…

• Real-Time Data Could Be Key In Achieving Net Zero Targets

  Published 24 March 2023 | viewed 798 times

  Companies are famous for their animal imagery. We’re all familiar with unicorn businesses; elusive, mythical, technological creatures valued at over $1bn. Then there are “zebra”…

• Rolls-Royce Wins Bid To Power The Future Of Lunar Exploration

  Published 17 March 2023 | viewed 2,454 times

  Rolls-Royce has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base. The project will look into how nuclear power could…

• Gold Nears $2,000 As Banking Turmoil Continues

  Published 17 March 2023 | viewed 7,079 times

  Gold prices continue to rise as investors look for safe haven assets amid fears of further market volatility following Silicon Valley Bank’s collapse and the…

• UK Considers Easing Windfall Tax Pressure On Oil And Gas

  Published 15 March 2023 | viewed 5,177 times

  The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed…

• Goldman Betting On Fed To Skip March Rate Hike

  Published 14 March 2023 | viewed 1,976 times

  Speculation is growing among traders that the US Federal Reserve could refrain from hiking interest rates later this month for fear of triggering another Silicon…

• BP Boss Defends Oil And Gas Spending

  Published 28 February 2023 | viewed 3,465 times

  BP boss Bernard Looney today called for an “orderly” transition to renewable energy, which will require investment in both future green energy projects and “today’s…

• UK Households Brace For Higher Energy Bills In April

  Published 27 February 2023 | viewed 827 times

  Households face a painful hike to their energy bills in April, with government support tapering off and the price cap remaining above the subsidised rate.…

• UK Car Manufacturers Are Slowly Shifting To Electric Vehicles

  Published 24 February 2023 | viewed 1,550 times

  Car production in Britain fell slightly in January as thousands continued the shift towards electric vehicles which experienced a near 50 percent increase. Despite global economic instability,…

• Controversial UK Biomass Energy Giant Sees Earnings Jump By 84%

  Published 23 February 2023 | viewed 1,677 times

  Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 percent in the last 12 months to…

• Why Bank Of England May Keep On Hiking Its Interest Rates

  Published 23 February 2023 | viewed 1,713 times

  Interest rates in the UK will have to keep rising to prevent inflation sticking around for too long, a member of the Bank of England’s…

• Rolls Royce Sees 57% Jump In Year-Over-Year Profits

  Published 23 February 2023 | viewed 1,193 times

  Rolls Royce, the British aero-engine manufacturer,  unveiled profits of £652m in 2022, £238m higher than the previous year. The increase, which was driven by its civil…

• Conservative MPs: UK Needs To Incentivize Green Energy Growth

  Published 22 February 2023 | viewed 672 times

  MPs are piling pressure on the government to compete with rival markets for green investment, amid growing concerns the UK could lose out to the…

• UK Energy Consumers Brace For Hefty Hike Despite Falling Gas Prices

  Published 22 February 2023 | viewed 8,722 times

  Households face a hefty hike to their energy bills in April, predicts Cornwall Insight, after it warned that the price cap would not fall below…

• BHP Takes $3.1 Billion Hit Due To China’s Pandemic Restrictions

  Published 21 February 2023 | viewed 1,687 times

  The world’s largest mining company BHP Group (BHP) has suffered a heavy decline in profits, following a dip in iron ore prices and heavy pandemic…

• Will Shell And BP Use Their Mammoth Profits For Green Energy?

  Published 20 February 2023 | viewed 3,040 times

  The mammoth profits of the world’s oil and gas giants will pass £200bn when Saudi Aramco unveil their record results next month – with the…

• Goldman: Russia May Have Received More For Its Crude Than Quoted Prices Suggest

  Published 19 February 2023 | viewed 25,511 times

  Moscow’s trade partners have increasingly paid more for Russian crude than quoted prices suggest, Goldman Sachs said in a note, cushioning Russia from the impact…

• Nuclear Power Will Play A Key Role In The UK’s Energy Transition

  Published 17 February 2023 | viewed 4,330 times

  For 65 years, nuclear power has been an integral part of the UK’s electricity system, providing low carbon and reliable power to UK homes, public…

• Centrica And EDF UK Post Multi-Billion Profits Amidst Energy Price Cap Scrutiny

  Published 17 February 2023 | viewed 1,268 times

  EDF UK has raked in hefty profits, with soaring electricity prices powering its rebound from last year’s losses. The French energy giant’s UK arm recorded…