City A.M

Latest articles from City A.M

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

  Published 17 March 2023 | viewed 2,170 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 6,775 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 4,236 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 1,907 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 2,335 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 787 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 1,490 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 1,623 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 1,672 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 1,151 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 625 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 8,668 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 1,618 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 2,958 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 24,866 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 4,146 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 1,008 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…

• Glencore To Pay Out $7 Billion In Dividends And Buybacks

  Published 15 February 2023 | viewed 3,579 times

  Glencore will hand out over £5.8bn ($7bn) to shareholders in dividends and buybacks after the commodities giant posted another period of bumper revenues and profits…

• U.S. Inflation Drops Again, But Further Rate Hikes May Be Needed

  Published 14 February 2023 | viewed 3,579 times

  US inflation eased for the seventh month in a row in January, but the pace of decline is beginning to level off, official figures out…

• Is The UK Investing Enough In Onshore Wind Capacity?

  Published 13 February 2023 | viewed 935 times

  Onshore wind developments have dropped sharply since 2016, when former Prime Minister David Cameron pushed through new restrictions – which meant wind farm developers had…