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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Glencore: Copper, zinc, lead and nickel output slides but trading profits to top £3bn

July 21, 2023

Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects to exceed its long-term annual guidance – with trading profits reaching as high $4 (£3.1bn). The commodity giant said the half-year results were in line with expectations, with its full [...]
Jaguar Land Rover confirms Mardell as new chief executive

July 20, 2023

Jaguar Land Rover has appointed interim chief executive officer Adrian Mardell to the top job permanently, the company announced today. Richard Molyneux, who has served as acting chief financial officer since December, has also been permanently appointed to his role. Jaguar veteran Mardell, who was previously the firm’s CFO, was appointed as interim boss last [...]
Lotus Cars to slash 200 jobs amid heavy annual losses

July 20, 2023

Lotus Cars will cut up to 200 jobs from its workforce as it looks to restructure its business following huge losses announced earlier in the week. Lotus – who are owned by the Chinese carmaker Geely – reported pretax losses of £141.1m for 2022 on Monday, largely as a result of supply chain issues. In [...]
Pendragon reports strong first half results but rate hikes spark concern

July 20, 2023

Pendragon said this morning it expects pretax profits to rise nine per cent for the first half of 2023, on the back of a strong performance from its motor division. In a trading update, the Nottingham-based motor dealership – which is behind brands including Evans Halshaw and Stratstone – said it expects underlying profit before [...]
UK could pay up to £500m in subsidies to support new Jaguar Land Rover battery plant

July 20, 2023

The UK could pay as much as £500m in subsidies to Tata Group to support its £4bn investment in a new battery plant in Somerset that would supply a new range of electric Jaguar and Land Rover models. Tata Group – the Indian conglomerate who own Jaguar Land Rover (JLR) – announced yesterday that it [...]
Easyjet profit flies on soaring summer demand as pandemic recovery continues

July 20, 2023

Easyjet has swung to a record pre-tax profit of £203 million, up from a £114 million loss the previous year, on the back of soaring travel demand and high ticket fares. For the three months leading up to June, the budget airline said revenues hit £2.3 billion, up 34 per cent year-on-year and giving a [...]
Lime bike use soaring in London with 12 million rides since 2019

July 20, 2023

Lime has seen soaring demand for its e-bikes in London with over 12m rides since 2019 and an average monthly increase of 10 per cent, it has been revealed. Londoners have travelled nearly 30m kilometres using Lime’s e-bikes since 2019, according to a new report from the transport consultancy Steer, commissioned by the e-bike and [...]
UK car insurance costs jump 40 per cent hitting all-time high

July 19, 2023

The cost of car insurance has risen to an “all-time high” with motorists shelling out a record 40 per cent more for insurance premiums than last year, new data reveals. On average, UK drivers are now paying £776 to insure their cars, up from £222 one year ago, according to Confused.com and Willis Tower Watson’s [...]
Confirmed: Jaguar owner Tata to build £4bn battery factory in the UK

July 19, 2023

Jaguar Land Rover’s owner has confirmed it will invest £4 billion to build a gigafactory in the UK, in a major boost for the British automotive sector and following months of speculation. Tata Group – the Indian conglomerate who have owned JLR since 2008 – said that its investment in the new 40GWh battery plant [...]
Easyjet: Can the budget airline quell investors’ fear of strikes and cancellations?

July 16, 2023

EasyJet shareholders will be looking ahead with bated breath this week, with the budget airline set to unveil its third quarter trading performance on Thursday. EasyJet shares have plateaued following a flying start to the year, with concerns peaking amid an announcement earlier this week that nearly 2,000 of its flights would be cancelled over [...]

Barclays boss calls for ‘stability’ amid Downing Street chaos

LIV Golf open to PGA resolution and in talks over team sales, says president

Wuthering Heights is a bodice-ripper for the OnlyFans generation

By: Guy Taylor

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