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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Thames Water taps shareholders for extra £750m in bid to avert collapse

July 10, 2023

Debt-laden Thames Water has secured an extra £750m of equity funding from shareholders, as the firm races to avoid nationalisation.
Jaguar Land Rover reports sales boost as chip shortage eases

July 7, 2023

Jaguar Land Rover reported a big sales increases for the first quarter on Friday, with wholesale volumes up 30 per cent compared with the same period a year ago as the global chip shortage and supply constraints “continue to improve.” The luxury car marque said it also expects free cash flow – what a business [...]
‘End of an era’: Ford Fiesta begins endless siesta

July 7, 2023

The last ever Ford Fiesta will be made today, marking the end of the line for Britain’s best selling car brand. Over four million of the popular cars were sold in total, according to industry estimates, with it remaining the UK’s most popular make in the first quarter of 2023. Ford’s £1.6bn Cologne factory is [...]
Shell anticipates ‘significantly lower’ gas trading as investors ‘sit on hands’

July 7, 2023

Shell said it anticipates “significantly lower” gas trading in its second quarter results, but questions remain about the energy titan’s claim it’s linked to ‘seasonality’. Ahead of their 27 July results, the firm claims its expected dip was down to “seasonality” in the market, while stressing that the performance would be “in line” with the [...]
Coca-Cola HBC fizzes up profit forecast as firm puts Russia exit hit behind it

July 7, 2023

Coca-Cola HBC AG, the bottling company for the soft drink giant, upped its profit forecasts for 2023 on the back of a “very strong” June performance this morning, prompting shares to jump nearly 5 per cent. The Switzerland-based firm said that it now expects pre-tax earnings growth of between 9-12 per cent for 2023, up [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn

July 7, 2023

MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Gatwick submits £2.2bn expansion plan as CEO hails airport competition

July 6, 2023

Gatwick Airport has submitted an application for a £2.2bn second runway that could see passenger traffic double to 75 million. The west Sussex hub announced this afternoon that it had presented proposals to the government’s planning inspectorate, which aim to bring its emergency runway into routine use. Speaking to City A.M. ahead of the news, [...]
Jet2 shares slump despite soaring financial performance, as boss says he will step aside

July 6, 2023

Leisure travel company Jet2 reported pre-tax profits of £390.8m, soaring 48 per cent from pre-pandemic levels, as it capitalised on an “enormous surge” in travel demand. The Leeds-headquartered firm reported revenues surge 40 per cent higher then pre-Covid to just over £5bn in its full year results., The company stated that consumer confidence to travel [...]
Petrol prices rise for first time in eight months as CMA breaths down supermarkets’ necks

July 6, 2023

Petrol prices rose for the first time in eight months in June just days after the competition regulator found supermarkets hiked up fuel prices last year. Unleaded increased by nearly a penny (0.7p) to 143.9p, while diesel came down by 1.2p to 145.46p at the end of month, marking eight consecutive monthly reductions, according to [...]
Waiting on NHS is delaying driving license applications, says DVLA boss

July 6, 2023

Delays in processing driving licence applications from people with health conditions are largely as a result of long waits for information from the NHS, the chief executive of the Driver and Vehicle Licensing Agency (DVLA) has said. Julie Lennard, boss of the DVLA, told the Commons’ Transport Committee: “We’re very dependent in a lot of [...]

City of London gives green light to controversial Liverpool Street plans

Jonathan Barnett: Gareth Bale’s former agent denies ‘sex slave’ claims in full

Bar of the week: Why Three Sheets is a little slice of old Soho

By: Guy Taylor

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