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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Maersk takes big revenue hit as pandemic-era bonanza ends

May 4, 2023

Shipping giant Maersk reported a significant revenue drop of 26 per cent today, down from $19.3bn (£15.4bn) to $14.2bn (£11.31bn) year on year, as the freight and shipping sector saw demand fall sharply. The Copenhagen-based group said profitability for the quarter was “significantly lower” compared to last year, amid low demand and challenging economic circumstances. [...]
BMW: Revenue jumps despite sales dip amid ‘persistently volatile conditions’

May 4, 2023

BMW Group's reported a healthy increase in quarterly revenue today as past price hikes helped the firm weather a dip in sales amid “persistently volatile conditions.”
Trainline shrugs off UK strikes with £4.3bn in ticket sales as continental success keeps it on right track

May 4, 2023

Trainline reported bumper ticket sales of £4.3bn for the last 12 months, up 72 per cent year on year and 16 per cent higher than pre-Covid. The London-listed seller saw revenues of £327m, up 74 per cent from last year, citing surging ticket sales in the UK and on the continent especially as a key [...]
Porsche sees jump in profit and sales as luxury brands float above recession fears

May 3, 2023

Porsche, the German-based car manufacturer, reported a 25 per cent jump in its profit this quarter as luxury car demand remains unperturbed amid a gloomy global economy. The luxury car marque saw its operating profit jump 25.4 per cent to €1.8bn (£1.59bn), beating analysts’ predictions, while sales rose 25.5 per cent in the first quarter [...]
Addison Lee overcomes taxi driver shortage to double profit

May 3, 2023

Addison Lee, the British taxi hire company, more than doubled its profits last year as passenger demand returned and driver shortages eased after the Covid-19 pandemic. Adjusted pre-tax earnings climbed to £19.1m, up from £7.9m last year, while passenger revenue jumped 33 per cent on last year, the firm said announcing its annual results today. [...]
Stellantis revenue jumps 14 per cent as it outlines plan for more electric cars

May 3, 2023

Stellantis, the owner of Peugeot and Fiat, saw net revenue climb to €47.2bn (£41.6bn), up 14 per cent compared to the first quarter of last year, the firm said today. The increase was partly driven by a 22 per cent increase in electric vehicle sales globally. In Europe, orders were up six per cent, which [...]
Coca-Cola HBC’s revenue fizzes almost 25 per cent – but Russia exit still hurts a year on

May 3, 2023

Coca-Cola HBC AG, the bottling company of the soft drink giant, reported strong revenue growth at 22.2 per cent, but it continues to take a hit from withdrawal of its business in Russia last year. Net sales revenue were up 24.4 per cent, but the firm stated that foreign exchange movements, particularly currency devaluation in [...]
Ryanair grounded 650 flights in April due to strike chaos despite petition to ‘keep skies open’

May 3, 2023

Ryanair has said over 650 flights were cancelled due to the French Air Traffic Controller strikes in April, meaning almost 120,000 passengers couldn’t fly. Flight traffic grew by 13 per cent year on year to 16mn guests overall, with the firm operating a total of 89,650 flights in April. The low-cost carrier saw load factor [...]
A corner turned? Aston Martin hopes for share price boost after revenue jump

May 3, 2023

Luxury car maker Aston Martin Lagonda saw a 27 per cent year-on-year jump in revenues in the first quarter of 2023 as wealthy consumers chose to ride out recession fears in all-leather interiors. The firm reported an operating loss of £50.9m which it put down to amortisation and depreciation costs increasing, but maintained guidance for [...]
Jet-setting Brits ready for summer but it’s oil prices that could really take off

May 2, 2023

Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.

UK at ‘greatest risk’ of jet fuel shortage as flights to be cancelled

Why Sunderland’s away kit legal row is a warning to all sports

What’s on in London in May

By: Guy Taylor

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