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      ‘Defining moment’: UK’s largest train operator enters public ownership

      The Arterio trains are five years behind schedule due to a protracted dispute with unions over its safety, and a number of seperate faults.

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Energy

  • What is COP28 and why does it matter?

    November 29, 2023

    The COP28 climate convention is unlikely to be far from the headlines over the next fortnight. City A.M. has broken down everything you need to know ahead of time.

  • COP28: Five things to watch out for as the global climate conference starts in Dubai

    November 29, 2023

    While some cynics may look at it as a talking shop where not enough discussion leads to action, it does offer a chance for thought-leaders to co-ordinate.

  • London Metal Exchange looks to ‘strengthen’ its position after winning nickel case against Elliott

    November 29, 2023

    A court has ruled in favour of the London Metal Exchange (LME) around its suspension of the nickel market mid-short squeeze last year.

  • Pennon Water hikes dividend and capital spending plans despite profit slump

    November 29, 2023

    Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.

  • Harbour Energy continues to boost global footprint while targeting ‘material shareholder returns’

    November 29, 2023

    Harbour Energy has announced today it's targeting free cash flow of $1bn (£800m) in its current financial year.

  • Government ‘mixed messages’ put financial sector green progress at risk, MPs warn

    November 29, 2023

    The financial sector’s progress towards net zero risks stalling due to “mixed messages” from the government on green issues, a group of MPs have warned.

  • UK faces ‘critical bottleneck’ on skilled jobs ahead of green transition

    November 28, 2023

    The UK faces a “critical bottleneck” on skilled infrastructure jobs ahead of the green transition, an energy firm has warned.

  • Shell’s floating LNG plant to restart next month

    November 28, 2023

    Shell is set to restart export operations at its giant floating LNG facility in Australia next month following an extended closure.

  • Scottish Power owner to invest £12bn in Britain to support green energy and offshore wind

    November 27, 2023

    Spain's renewable energy giant Iberdrola has announced plans to invest nearly £12bn in Britain through 2028 in grids and green energy projects.

  • China takes aim at ‘illegal activities’ in the iron ore market

    November 27, 2023

    The price of iron ore fell 1.2 per cent on Monday morning, to £104.67 ($132.20) per tonne, bringing to a halt five weeks of gains after Chinese officials warned the country may intervene in the market.  The National Development and Reform Commission (NDRC) said on Friday it had met with major port operators to discuss [...]

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