By: Guy Taylor

Transport Reporter Guy Taylor is the Transport and Infrastructure Correspondent at City A.M. He has interviewed key figures in UK aviation and rail and has a particular interest in investigative reporting. He was highly commended in MHP's 30 to watch award for young journalists in 2025.

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All Bar One owner still feeling the pinch from inflation

May 17, 2023

Mitchells and Butlers, the UK’s largest listed pub group, saw a drop in profits this morning, but said that its cost outlook was improving amid ongoing inflationary pressure. The All Bar One and Toby Carvery owner made £100m in adjusted operating profit for the half year ending on April 8, down from £120m a year [...]
No Cowgill, No Problem: JD Sports nears billion-pound profit

May 17, 2023

JD Sports announced record profits this morning despite a challenging economic environment and the exit of longtime chief Peter Cowgill
Brompton rides ahead with £19m stake sale as it anticipates China boost

May 16, 2023

Brompton, the manufacturer of London’s iconic folded bikes, is set to sell a £19m stake in the firm to the Business Growth Fund (BGF), as it looks to accelerate its expansion. Chief executive Will-Butler Adams told The Times that it would announce the sale soon. The deal values the company at £200m including the new [...]
On the Beach Group share price tumbles after big marketing spend

May 16, 2023

Package holiday retailer On the Beach saw its shares drop 15 per cent to 107p today, after its narrowing losses and uptick in bookings were not enough to reassure investors. The Manchester-based travel company saw pre-tax losses shrink from £7m to £6m in the six months before March, as its group revenue rose £73.2m, up [...]
BA and Virgin Atlantic set to cash in as UK-US travel returns to pre-pandemic levels

May 16, 2023

British Airways and Virgin Atlantic look set to cash in as departures from the UK to the US are set to return to pre-pandemic levels this month, new data shows. Departures from the UK to the US are set to hit 99 per cent of 2019 levels this month, according to new data from the [...]
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street

May 16, 2023

Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
Chicken goujons and late nights give Greggs another positive quarter

May 16, 2023

British bakery and fast food chain Greggs said it saw strong sales growth in the first 19 weeks of 2023, as it continued the roll-out of new shops, longer trading hours and added extra options to its menu. Greggs said that total sales in the 19 weeks to 13 May 2023 were £609m, up from [...]
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 [...]

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By: Guy Taylor

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