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Tag: City A.M. Content
about 2 months ago
cityam.com

North Sea industry blames windfall tax for sharp declines in oil and gas production

The UK's North Sea industry is set for a steep decline in production and capital expenditure, according to the latest...

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about 2 months ago
cityam.com

Bad energy: Could Ofgem's pre-payment meter code of practice end up fuelling 'bad debt'?

Ofgem and Energy UK have warned over bad debt after the latest clampdown on prepayment meters failed to ban forced in...

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about 2 months ago
cityam.com

Government policy putting low price of wind power at risk, industry body warns

The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage ...

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about 2 months ago
cityam.com

Government risks higher prices for wind power as industry body slams lack of funds for auction round

The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage ...

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2 months ago
cityam.com

London listed Hydrogen One shows signs of recovery from tanking share price

A London-listed hydrogen fund has seen its share price show signs of recovery after posting a bullish set of full yea...

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2 months ago
cityam.com

British Gas owner Centrica would STILL have lost Bulb case even without 'undue delay', court docs...

Centrica would have seen its legal challenge over Octopus' deal refused even without the "undue delays," court docume...

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2 months ago
cityam.com

Ithaca Energy hesitates over stake in controversial Rosebank oil field

Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, Ci...

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2 months ago
cityam.com

UK's 'Green Day' plans in doubt as reports suggest they could be watered down

The UK's response to America's mammoth subsidy package for renewable projects has been thrown into doubt today, after...

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2 months ago
cityam.com

Energy firms installed nearly 100,000 prepayment meters before Shapps crackdown

Energy suppliers pushed through the forced installation of nearly a hundred thousand prepayment meters last year, dat...

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2 months ago
cityam.com

'Not optimistic': Experts pour cold water on hopes Green Day will boost energy sector

Energy experts have raised doubts over the UK's ability to compete with rival markets in the upcoming "Green Day" leg...

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3 months ago
cityam.com

UK taxpayers face a multi-billion pound bill if sewage and water systems are to be fixed, House o...

It will potentially cost hundreds of billions of pounds over multiple decades to update the UK’s creaking and outdate...

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3 months ago
cityam.com

UK faces supply crunch as gas and nuclear power plants close, warns Drax as it halts key biomass ...

The UK is facing a significant shortage in power that can be brought online at times of peak demand, warned Drax.

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3 months ago
cityam.com

Credit Suisse: ECB tries to settle market after UBS deal wipes out $17bn of AT1 bonds

The European Central Bank said its banking sector was "resilient" today as it moved to settle volatile bond markets t...

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3 months ago
cityam.com

Pensionbee: Retirement platform says 56 per cent rise in savers puts it on profit path despite £1...

London-listed fintech firm Pensionbee doubled down on its target of profitability this year today despite its losses ...

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3 months ago
cityam.com

Budget: Can Jeremy Hunt’s R&D tax plans stop Britain becoming an 'innovation wasteland'?

Chancellor Jeremy Hunt has attempted to soften the blow of changes to the research and development (R&D) tax scheme t...

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3 months ago
cityam.com

Budget: Five changes to energy policy - and one that got away

City A.M. looks at the five biggest developments in the energy sector announced in Hunt's budget - and the one that g...

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3 months ago
cityam.com

Prudential: Insurer's shares up as it posts £3bn profit and hikes dividends eight per cent after ...

Prudential hiked its dividend after posting an uptick in its operating profits following its first full year as an As...

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3 months ago
cityam.com

Cost of living crisis erodes UK real pay for 15th straight month in historic squeeze

British workers’ wages have been eroded by sky high inflation for the 15th month in a row despite them bagging bumper...

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3 months ago
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Calls to overhaul 'antiquated' trial rules grow as SFO forced to drop G4S case

The UK’s Serious Fraud Office (SFO) on Friday said it would be dropping its case against three former G4S executives ...

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3 months ago
cityam.com

Utilita chief calls for ban on 'archaic' prepayment meters

The government should scrap traditional prepayment meters and only allow suppliers to install smart options, says the...

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3 months ago
cityam.com

Why there's more to green energy than heat pumps, radiator boss urges for scheme to be widened

The government needs to expand the scope of its heating plans to improve energy efficiency across the home, rather th...

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3 months ago
cityam.com

Phoenix: Insurer hikes dividend after volatile markets hit investments and share price

British insurer Phoenix Group today posted a £1.23bn loss as volatile markets hit the value of the insurance company'...

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3 months ago
cityam.com

Silicon Valley Bank: Reeves hails 'relief' for UK tech after HSBC swoops in

HSBC’s move to snap up the stricken UK arm of Silicon Valley Bank has been hailed a “relief” for the UK’s tech firms ...

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3 months ago
cityam.com

What do Aviva's results mean for the insurer's share price?

British insurance giant Aviva today set out plans to buy back £300m worth of its own shares from investors, after pos...

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3 months ago
cityam.com

Scientists urge government to publish semiconductor strategy before it's too late

The government must publish its semiconductor strategy, argue the Institute of Physics and the Royal Academy of Engin...

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3 months ago
cityam.com

Harbour Energy's bumper profits wiped out by £1.3bn hit from windfall tax

Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings...

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3 months ago
cityam.com

Citizens Advice calls for better use of personal data to create social tariff

The government should use Brits' personal data about income tax rates and energy usage to create a new social tariff,...

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3 months ago
cityam.com

UK risks energy tech exodus without more funding, battery boss warns

The UK risks an energy tech exodus to rival markets unless it offers more funding, the boss of AMTE Power has warned.

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3 months ago
cityam.com

Royal London: Insurer's profits up 58 per cent as asset troubles offset by pensions growth

Royal London today said it successfully boosted its profits by 58 per cent in 2022 in the face of “difficult market c...

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3 months ago
cityam.com

Female tech founders bag £3.6bn despite wider investment slump

Venture capital investment into tech firms founded by women jumped last year despite soaring inflation and volatility...

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3 months ago
cityam.com

Can Rishi Sunak's science superpower dreams become reality?

Rishi Sunak rolled out plans to "cement the UK as a tech and science superpower by 2030" today with promises to tempt...

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3 months ago
cityam.com

London Metal Exchange faces FCA 'enforcement' investigation after £3.3bn nickel crisis

The FCA announced plans to begin an "enforcement" investigation into London Metal Exchange response to last year's ni...

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3 months ago
cityam.com

Octopus hits back at challenge to Bulb deal arguing it was more 'nimble' than rivals

Octopus Energy's lawyer argued in court today that the company was simply more "nimble" than others in its dealmaking...

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3 months ago
cityam.com

Can fintech thrive outside of London? Charlotte Crosswell talks growing the sector around the cou...

Can fintech thrive outside of London? The chair of Treasury-backed CFIT talks growing the sector around the country

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3 months ago
cityam.com

UK risks falling behind in global net zero race if it lowers green ambitions, ex climate minister...

The UK risks falling behind rival countries in the "international net zero race" if it lowers its climate ambitions.

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3 months ago
cityam.com

BP boss defends oil and gas spending and calls for 'orderly' green transition amid protests

BP boss Bernard Looney has called for an "orderly" transition to the renewable energy, defending the company's oil an...

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3 months ago
cityam.com

End of Bank of England £800bn bond buying scheme poses headaches for Treasury and taxpayers

The magic money tree is shedding its leaves. Over a decade of cheap cash propping up the global economy has been topp...

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4 months ago
cityam.com

Shipping giant Maersk warns of profit slump as post-Covid boom comes to an end

Maersk has shrunk its profit expectations for 2023 as volumes and freight rates normalise after two booming years. Th...

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6 months ago
cityam.com

Union boss says posties to work with business rather than just strike

Dave Ward, the General Secretary of the Communication Workers Union (Photo by Carl Court/Getty Images) Trade union ba...

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