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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Why can’t Britain build any infrastructure? Delays, delays, delays…

May 18, 2023

Major UK infrastructure projects are taking far longer than they used to despite changes to planning laws, according to a new report authored by consulting group Ankura. Delays to so-called ‘development consent order’ decisions have increased eight-fold since 2016 – despite those orders being in place to turn Britain into an infrastructure powerhouse. DCOs are [...]
Aston Martin share price soars after Chinese car giant Geely doubles stake to 17 per cent

May 18, 2023

Aston Martin shares soared by more than 12 per cent this morning after Chinese automotive group Geely said it will increase its shareholding to 17 per cent with an investment of £234m. The investment will see Geely almost double its stake in the marque, becoming its third biggest shareholder, just behind Lawrence Stroll’s Yew Tree [...]
Sign of the times: Super Noodles sales boost FTSE 250 outfit

May 18, 2023

Premier Foods reported stronger annual profits in its preliminary results this morning, with a 13 per cent jump in pre-tax profits for the year ending in April to £137m, as strong brand performance helped the manufacturer weather supply chain disruption and high costs. The company, the maker of brands such as Mr Kipling, Ambrosia, Custard [...]
Easyjet’s rising cost base could delay long-awaited share price takeoff

May 18, 2023

Easyjet’s dreams of share price take off, caused by a recent uptick in demand, could be held back by soaring fuel costs and inflation as the airline saw group costs increase to £3.1bn this morning. The low cost carrier reported a revenue increase of 80 per cent to £2.7bn in its half year results, but [...]
Jeremy Hunt pressed on Brexit tariffs after Stellantis warns of job cuts and car factory closures

May 17, 2023

Jeremy Hunt insisted the government is “very focussed” on ensuring Britain improves its EV car manufacturing capacity, after Vauxhall and Fiat’s parent firm warned of Brexit-linked concerns. The Chancellor’s comments were made in the wake of worrying remarks by automaker Stellantis, saying the future post-Brexit tariffs could threaten sections of its UK business, placing hundreds [...]
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 [...]
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. [...]

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By: Guy Taylor

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