Furious En+ chairman hits back at Bloomberg for ‘wrong article’ on US sanctions October 17, 2022 Christopher Burnham, chairman of En+ Group, generally considered the world’s leading producer of low carbon aluminium and hydropower, has hit back at media giant Bloomberg. Its news site ran an article on 12 October making a series of allegations with regards to En+ Group’s relations to Russia and sanction compliance, which City A.M. won’t repeat [...]
British chipmaker IQE lunges into Samsung’s home turf with Asia push October 17, 2022 British chipmaker IQE has announced its second Asia-based partnership in a week, as it seeks to widen its presence in the tech-driven market. IQE today inked a supply deal with an unnamed consumer electronics heavyweight in the region, just days after cutting a deal with Korean supplies producer SK Siltron for the development and commercialisation [...]
Government must avoid ‘cliff edge’ after cutting energy support package October 17, 2022 The Government must ease support for households to prevent them facing a sudden uptick in their energy bills, warned the BEIS chair.
Seraphim asset values rocket a third as eyes of defence sector fall to satellites October 17, 2022 Seraphim Space has helped grow the value of its assets by more than a third in the year following its £180m London IPO, despite an economic downturn weighing on tech stocks across the globe. The value of assets under the wing of the London space investment trust, said to be the first of its kind, [...]
Exclusive: ‘Price cap not fit for purpose’ as Government slashes support October 17, 2022 The energy price cap is "no longer fit for the purpose" and should be reviewed, argued energy specialist Cornwall Insight.
Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
From Truss to Bailey to panicking MPs, the blame for this mess spreads wide October 17, 2022 Turns out the orthodoxy is stronger than ever Liz Truss or Kwasi Kwarteng realised. Already it appears government policy is headed towards higher taxes and delays to supply side reform. We have ended up back at square one, but with a discredited government and no obvious plan for the growth that the now-departed Chancellor rightly [...]
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
Record 730,000 retirees returning to work to top up pension as living crisis pushes older Brits to the brink October 17, 2022 More than 733,000 retirees across the UK are preparing to return to work as the cost-of-living crisis escalates, according to new research shared with City A.M. this morning. For 12 per cent of those in retirement, rising inflation has “upended” their retirement plans. More than a third of UK retirees are worried they will no [...]
Wealth manager Hargreaves Lansdown launches hunt for new CEO October 17, 2022 Hargreaves Lansdown has announced it is now scouting for a new chief, as CEO Chris Hill retires from the wealth manager after six years at the helm. He leaves the group as it hikes its full-year revenue and cash margins for next year, after banking 17,000 new clients and some £700m in new business in [...]