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By: City AM reporter

All 608 Articles
  • Reynolds issues guidance to British Steel after MPs back emergency law

    April 13, 2025

    The business secretary Jonathan Reynolds has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe blast furnaces. A government source confirmed that Reynolds had given directions to the company following the extraordinary sitting of Parliament. But they declined to give details of those instructions, saying they [...]

  • MPs approve bid to take control of Scunthorpe steelworks

    April 12, 2025

    MPs have approved plans to save British Steel’s Scunthorpe blast furnaces after an extraordinary sitting of the Commons on Saturday. Emergency legislation giving the government the power to instruct British Steel to keep the plant open passed the Commons unopposed. It will now be debated by the Lords as the Government attempts to get the [...]

  • Labour MP calls for action over Grangemouth oil refinery

    April 12, 2025

    A Labour MP has urged the UK Government to intervene to help the Grangemouth oil refinery remain open, saying there are “striking similarities” between the plant there and the Scunthorpe steel plant. Brian Leishman said he hoped the UK Government would nationalise British Steel and take the plant at Scunthorpe “under Government control” – but [...]

  • MPs begin debating emergency law to save British Steel

    April 12, 2025

    The Business Secretary accused British Steel’s Chinese owners of attempting to “unilaterally” close down its Scunthorpe blast furnaces as MPs began debating emergency legislation to save the plant. Jonathan Reynolds told MPs that developments over recent days had made Saturday’s extraordinary sitting of Parliament necessary as Jingye rejected the Government’s offer of support and took [...]

  • US envoy suggests Ukraine can be partitioned

    April 12, 2025

    Ukraine could be partitioned like Berlin after the Second World War, Donald Trump’s envoy to Kyiv has suggested as Russia continues to hold out on accepting a truce. General Keith Kellogg appeared to suggest the country could be split into zones of control, with British and French troops as part of a “reassurance force” in [...]

  • MPs face choice on British Steel as ministers aim to ‘take back control’

    April 12, 2025

    MPs face a choice between “taking back control” of British Steel or seeing the end of primary steelmaking in the UK, the industry minister said ahead of a debate on emergency legislation. Both the Commons and the Lords will break from Easter recess for a highly unusual Saturday sitting to debate a bill aimed at [...]

  • Chelsea received payment from Boehly-linked Vivid Seats

    April 7, 2025

    The controversial ticket reselling site linked to Chelsea co-owner Todd Boehly, Vivid Seats, made a payment to the club in the 2023-24 accounting period. A payment of £93,000 from Vivid Seats is listed under “transactions with related parties” in the club’s accounts published on Companies House over the weekend. Last month the Chelsea Supporters’ Trust [...]

  • Globalisation has come to an end, says minister

    April 6, 2025

    Globalisation has “come to an end” in the wake of new tariffs imposed by the US, a Treasury minister has suggested. Chief Secretary to the Treasury Darren Jones told the BBC that Britain needs to be “strong and resilient” and emphasised the importance of investing in the domestic economy, as nations and businesses are grappling [...]

  • First new road crossing east of Tower Bridge since 1991 to open

    April 6, 2025

    The first new road crossing east of London’s Tower Bridge in 33 years opens on Monday. Silvertown Tunnel will connect Silvertown with Greenwich Peninsula, running under the River Thames. It is hoped the new 1.4km (0.9-mile) crossing will reduce the severe congestion around the nearby Blackwall Tunnel. But climate activists have expressed concern about the [...]

  • Tesco to reveal stronger sales amid price war fears

    April 6, 2025

    Tesco shareholders will be hoping for reassurance over continued sales growth and robust profits next week amid the prospect of an intensifying grocery price war. Earlier this year, shares in the UK’s largest supermarket group struck their highest level for over a decade as it continued to strengthen its position in the grocery sector. In [...]

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