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.

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CMA to probe if ‘failure in competition’ is seeing consumers overcharged for food and fuel

May 15, 2023

The Competition and Markets Authority (CMA) today announced it will investigate whether a “failure in competition” is seeing consumers overcharged for groceries and fuel. The watchdog said it would be stepping up its work in the grocery sector to determine whether a “failure in competition is contributing to grocery prices being higher than they would [...]
EY plots leadership reshuffle after Big Four firm’s break-up plans scrapped

May 15, 2023

EY is planning to alter the leadership team of its UK operations just weeks after it scrapped plans to break-up its audit and consulting business. The Big four accountancy firm’s UK managing partner Alison Kay, one of the top executives in Britain and a likely candidate for the role of boss, will move to a [...]
Center Parcs put up for sale with owner Brookfield eyeing a £5bn price tag

May 15, 2023

Center Parcs’ owner Brookfield has reportedly put the UK holiday resort up for sale. The Toronto-based private equity firm is hoping to fetch between £4bn and £5bn for the company, the Financial Times reported today. Center Parcs operates six major holiday villages in the UK and Ireland, in counties including Wiltshire, Cumbria and Bedfordshire. The [...]
Currys share price soars as profit guidance lifted after trading ‘better than expected’

May 15, 2023

Currys has lifted its prospects for the rest of the year, saying its profit before tax is expected to be £110-120m, up from previously around £104m. Shares in the retailer jumped almost six per cent to 59.45p following the announcement this morning, to their highest level since early April. Currys, which sells everything from computers [...]
Travelodge hits record profits as staycation breaks continue post-pandemic

May 15, 2023

Travelodge, the UK’s largest independent hotel brand, has reported results significantly ahead of its previous record year in 2019, as Brits continued to opt for staycation breaks and business travel. The London-listed hotel company, which offers cheap beds in the UK Spain and Ireland said that revenues were up 25 per cent from 2019 to [...]
Apollo spikes £1.7bn Wood Group takeover bid

May 15, 2023

Apollo Global Management has today confirmed that it does not intend to make a £1.7bn takeover offer for the oil and gas engineering giant, John Wood Group. The firm said this morning that it “does not intend to make an offer for Wood.” Shares dropped by 35 per cent this morning, from 219p to 140p. [...]
Fraud warning as insolvency surge sees more directors investigated for corporate misconduct

May 15, 2023

The Insolvency Service last year launched 36 per cent more investigations into the alleged misconduct of directors of insolvent companies than the year before, data from international law firm RPC shows. According to RPC, the number of investigations increased from an average of 142 per month between April 2021 and March 2022 to 193 between [...]
Wagamama owner TRG under new pressure from investors ahead of AGM

May 14, 2023

The Restaurant Group has come under renewed pressure from investors as Coltrane Asset Management called for change at the company after building a 3 per cent stake in the firm. The New-york based activist investor told The Sunday Times that it backed proposals by another investor, Oasis Management, for the group to sell off its [...]
Easyjet hopes for further profit boost as summer holiday bookings lift sector

May 14, 2023

Easyjet is anticipating higher profit when it reports its half year results on Thursday, as the airline looks to benefit from the return of summer holiday bookings and higher ticket prices. The low cost carrier said that it expects to exceed full year profit expectations of £260m, with half year losses forecast to shrink to [...]
Ferrari won’t phase out combustion engines despite EV push

May 14, 2023

Ferrari has said that it plans to keep building normal car engines despite regulatory pressure to boost electric car production, arguing it was up to customers to choose whether they buy electric or not. The Italian car manufacturer plans to keep building internal combustion engines (ICEs) well into the 2030s, while also scaling up its [...]

As Labour chases Reform, they’re bleeding votes on the left

Women’s Champions League: Arsenal could cash in on prize money

Lanza-grotty? Hardly! Why Lanzarote is actually rather fabulous

By: Guy Taylor

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