The £4.2m CMA sledgehammer over drip pricing that is totally out of proportion Opinion There’s a particular kind of institutional vanity that mistakes noise for impact. It’s particularly prevalent in Whitehall and abundant especially in those – like many in our government today – who have only ever worked in the bureaucratic state or legal profession. The CMA’s triumphant announcement this week — it’s very first fine under the [...]
Uber, AA and Royal Mail urge Khan to scrap EV congestion charge plans Transport and infrastructure A host of businesses including Uber, the AA and Royal Mail have urged Sadiq Khan to re-think rolling back the exemption for electric vehicles in London’s congestion charge. Some 28 business and green groups published an open letter to the Mayor arguing that changing the discount would threaten London’s clean air ambitions, while prompting a [...]
Mark Kleinman: AA float needs smart pricing to avoid breakdown Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Here’s a candidate for toughest IPO mandate in the City: return the venerable AA, the UK’s biggest breakdown recovery service, to the public markets roughly five years after it was taken private for a fraction of [...]
AA boss hails ‘breakout year’ since takeover as profit hits £245m April 16, 2025 The AA has reported a more than quarter rise in full-year profit as the breakdown giant marked a fourth consecutive year of growth since being taken private in 2021. Operating profit increased 28 per cent to £245m, while revenue grew 12 per cent to £1.5bn. On an adjusted basis, earnings before interest, taxation, depreciation and [...]
Natwest Boxed launches savings account with The AA February 24, 2025 Natwest’s financial services platform Natwest Boxed has partnered with The AA to launch an instant savings account. Boxed, which comes from a joint venture between the FTSE 100 lender and European fintech Vodeno, will leverage its embedded finance products for AA customers starting from March 2025. The new savings account will be FSCS-protected and customers [...]
Government unclear on where taxpayer money to fix potholes has gone January 17, 2025 Billions of pounds each year is going to councils but given the money is not ring-fenced, ministers have no idea how it is being spent.
AA: More customers helps profit surge at breakdown giant October 16, 2024 A growing customer base has helped boost profit at the AA after a US investor took a £450m stake in the motoring group. The breakdown giant has posted a pre-tax profit of £39m for the six months to the end of July 2024, up 70 per cent compared to the same period in 2023. The [...]
The AA: Rising insurance premiums help revenue surge but profits slashed April 24, 2024 Rising insurance premiums helped revenue at The AA surge to almost £1.3bn but a slowdown in its breakdown service saw profits slashed by more than 40 per cent.