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City AM's title: City A.M. | Business news live from the City of London

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Oil giant BP is in advanced talks to sell its solar power business to an investor backed by Kuwait’s sovereign wealth fund as it moves away from pushing net zero.

Private equity firm Qualitas Energy, and Wren House, the infrastructure arm of Kuwait Investment Authority, have joined forces to bid for Lighthouse, BP’s solar business.

The Kuwait-b...


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Property sellers in Britain asking for too high a price who have to reduce it to make a sale take four times as long to sell than those listing an accurate initial asking price.

According to new research from ...


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The UK’s net zero push risks leaving the country with higher electricity bills and more susceptible to blackouts, according to a leaked report commissioned by the national grid system.

The report, produced by energy consultancy firm Cornwall Insight for the National Energy System Operator (Neso) and shared with The Times by a whistleblower, revealed that ...


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Insurance giant Gallagher has told shipping clients to avoid any travel through the Red Sea after a tanker it provided cover for was struck by the Houthi militia.

The Lloyd’s of London broker had insured one of two ships that were attacked b...


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Is the smaller scale Commonwealth Games a chance for smaller brands to step up and take a bite out of the multi-sport flagship event action, asks sponsorship expert Sarah Niblock. A reduced price tag might look like they can, but more importantly, it’s essential that they consider if they actually should.

The 23rd Commonwealth Games is up ...


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