Guy Taylor

London

Transport Reporter at City A.M.

Articles

Brits back Ryanair calls for two drink limit at UK airports

2 days ago | cityam.com | Guy Taylor

Tuesday 22 April 2025 12:47 pm Brits back Ryanair calls for two drink limit at UK airports Transport Reporter Yasper Communications agency polled more than 2,500 people and found 60.7 per cent either agreed or agreed strongly with the idea of a two drink limit. Brits overwhelmingly back a two drink limit at UK airports to stop drunken passengers disrupting flights, a new survey has found. Yasper Communications agency polled more than 2,500 people and found 60.7 per cent either agreed or...
ITM Power: Shares in green hydrogen specialist skyrocket

2 days ago | cityam.com | Guy Taylor

Tuesday 22 April 2025 9:03 am ITM Power: Shares in green hydrogen specialist skyrocket Transport Reporter ITM Power said it expects annual revenue of between £25.5m and £26.5m, a 30 per cent increase on its prior forecast of £18m and £22m. Shares in ITM Power soared on Tuesday after the green hydrogen specialist hiked full-year guidance for revenue and cash generation. It also lifted forecasts for cash generation to between £204m and £204m, up from a previous range of £160m and £175m. Founded...
DCC: FTSE 100 giant to sell healthcare division for £1.1bn

2 days ago | cityam.com | Guy Taylor

Tuesday 22 April 2025 7:39 am DCC: FTSE 100 giant to sell healthcare division for £1.1bn Transport Reporter Donal Murphy, chief executive of DCC DCC has announced plans to sell its healthcare division to Healthco Investment Limited for £1.1bn as part of the FTSE 100’s company’s plan to shift its focus toward energy. The value of the deal is around 12 times DCC’s full-year adjusted operating profit and will see £945m in net cash proceeds over the coming years. Healthco Investment is a...
BP suffers huge shareholder revolt amid green spat

1 week ago | cityam.com | Guy Taylor

| BP has suffered a huge rebellion from its shareholders as the London-listed oil giant’s annual general meeting faces scrutiny of its environmental policy. Nearly a quarter voted against the re-election of outgoing chair Helge Lund at the firm’s annual general meeting. as conflict swirls over BP’s decision to cut back on climate goals.
Inheritance tax changes threaten UK's infrastructure push

1 week ago | cityam.com | Guy Taylor

Inheritance tax changes will wreck the UK’s construction supply chain even as ministers put major infrastructure projects at the heart of plans for economic growth, according to a prominent lobby group. A string of schemes including five London airports and the UK’s biggest-ever road tunnel have received government backing since Labour took power, as Chancellor Rachel Reeves looks to reinvigorate the UK economy. The government is also under pressure to hit a target of building 1.5m homes by 2030.
Empiric Student Property in £9m apartment deal amid postgrad expansion

1 week ago | cityam.com | Guy Taylor

Empiric Student Property has acquired a £9m block of flats alongside an expansion of its postgraduate offering. The company, which runs student accommodation at top UK universities, said it had completed the buyout of Selly Oak Apartments in Birmingham, a stone’s throw from the University of Birmingham. Empiric said it the acquisition, which is its second following an equity fundraise last October, had grown its total operational beds in this cluster to 430.
Speedy Hire accelerates depot closures after Reeves tax hikes

1 week ago | cityam.com | Guy Taylor

Speedy Hire said it has accelerated the planned closures of several of its depots and restructured various support roles as it wrestles with the fallout from a raft of tax hikes. The London-listed company said the move had saved around £3.5m in costs over the year in what it described as a “challenging market backdrop.”Despite the challenges, Speedy Hire said trading over the last financial year was in line with expectations.
High income households could pay more for electricity, Ofgem says

1 week ago | cityam.com | Guy Taylor

High-earning households could be forced to front more of the cost for running and upgrading the UK’s energy network, Ofgem has said. Jonathan Brearley, the boss of the energy regulator, told a briefing on Tuesday that wealthier households may have to pay more via the standing charge on their energy bills, while those out of work or on lower pay would receive a discount.
AA boss hails 'breakout year' since takeover as profit hits £245m

1 week ago | cityam.com | Guy Taylor

The AA has reported a more than quarter rise in full-year profit as the breakdown giant marked a fourth consecutive year of growth since being taken private in 2021. Operating profit increased 28 per cent to £245m, while revenue grew 12 per cent to £1.5bn. On an adjusted basis, earnings before interest, taxation, depreciation and amortization (EBITDA) rose six per cent to £450m. The AA said it had assisted with 3.5m breakdowns in 2025, the most of any provider in the UK.
Mitie Group warns of £50m NIC hit as it unveils share buyback

1 week ago | business-live.co.uk | Guy Taylor

The impending tax raid by the government is set to significantly impact British businesses, as demonstrated by facilities management firm Mitie Group's warning of a staggering £50m hit from increases to National Insurance Contributions (NICs). The London-listed group's latest estimate for the cost of rising NICs is slightly less than a previous forecast of £60m, but it will still considerably dent its profits, as reported by City AM.