By: Guy Taylor

Transport Reporter Guy Taylor is the Transport and Infrastructure Correspondent at City A.M. He covers anything from rail and aviation to the UK's biggest infrastructure projects.

All 1654 Articles

KPMG and PwC slapped with fines of almost £3m for botched Eddie Stobart audits

June 29, 2023

Big four accountancy firms PwC and KPMG have been fined a total of nearly £3m over botched audits of logistics giant Eddie Stobart in 2017 and 2018. The Financial Reporting Council (FRC) said this morning it would fine PwC £1.99m and partner Philip Storer £51,000, with both receiving a “severe reprimand.” KPMG received a fine [...]
Will millions of Brits flock down under following post-Brexit Aussie visa changes?

June 29, 2023

From 1 July, Australia will increase the maximum age of its 18-30 working holiday visa to 35, allowing more than 16m young Brits to live and work down under. The change comes as a result of the recently announced Australia-United Kingdom Free Trade Agreement – the UK’s first since leaving the EU – which altered previous [...]
Uber announces new offerings from Majorca to Mykonos due to record tourism

June 28, 2023

Uber has announced a host of new upgrades in European holiday hotspots from Spain to Greece, ahead of what is expected to be a record period of tourism demand in Southern Europe. Popular destinations from Croatia’s Split to Portugal’s Algarve will benefit from a swathe of new improvements, with Uber-users in the popular Greek island [...]
Business travel is back and ‘buoyant’, new data shows

June 28, 2023

Business travel is back and “buoyant”, according to new data from the Advantage Travel Partnerships’ Global Business Travel Review, with the business community booking more trips and for longer periods. Booking volumes in the UK’s business travel market, covering aviation, rail and accommodation, hit 90.8 per cent of pre-pandemic levels in the first quarter of [...]
UK aviation could be put at a ‘competitive disadvantage’ by looming transit fee

June 28, 2023

A new transit fee for passengers travelling through UK airports could put the country’s aviation sector at a “competitive disadvantage” as passengers opt to travel via other countries, airline groups have warned. Under the incoming changes, visa-exempt travellers passing through Britain will be required to pay £10 fee and apply for an online permit, known [...]
BAE Systems and Babcock set to meet with ministers over ESG investment concerns

June 27, 2023

Ministers are set to hold talks on Wednesday with the bosses of a number of major defence companies, over concerns that socially conscious investing is hurting the sector. Andrew Griffith, the economic secretary to the Treasury and James Cartlidge, defence procurement minister, will meet bosses from BAE systems, Babcock International and QinitiQ tomorrow, Sky News [...]
Aston Martin aims to quadruple profit within five years under new strategy

June 27, 2023

Aston Martin outlined plans today to double revenues and quadruple profits within the next five years, as the firm bolsters its electrification strategy and continues to ride the wave of a recent share price surge. At its capital markets day, the marque told shareholders it would aim for revenues of £2.5bn and EBITDA of £800m [...]
Post Brexit tariffs and EV delays could cost UK car industry over £100bn

June 27, 2023

Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned. A potential 10-fold increase in the production of electric cars worth £106 billion is as it stake, according to a new report from the Society [...]
Number of Brits looking to buy electric vehicles soaring ‘well ahead’ of demand for combustion engine, analysis shows

June 27, 2023

The number of prospective UK car buyers looking to go electric is soaring despite only a “minimal” increase in those wishing to purchase traditional combustion engine vehicles, new research from the consultancy EY has revealed, as the number of Brits seeking normal vehicles slips well behind its charged-up competition. As of this year, more than [...]
Government ditches plans to give flyers compensation for delays

June 27, 2023

Proposals that would have entitled passengers to claim compensation for delayed flights have been scrapped from initial consumer protection reforms, the government has confirmed. The proposals would have enabled passengers to claim compensation on domestic flights that arrived over an hour late. But the Department for Transport (DfT) confirmed today that it would need to [...]

Mark Kleinman: Reeves’ City IPO push still lacks momentum

London Broncos will tap Australian rugby league investment, but not NRL

Eat, drink, sleep, repeat: Out on the town with Evolv boss Martin Williams

By: Guy Taylor

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