By: Guy Taylor

Transport Reporter Guy Taylor is the Transport and Infrastructure Correspondent at City A.M. He covers anything from rail and aviation to the UK's biggest infrastructure projects.

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Boss of King Charles property portfolio in talks with old firm for slice of HS2 Euston

Transport and infrastructure

King Charles’ property company is in talks to buy up part of HS2’s Euston site from its floundering owner, according to reports. The Crown Estate, led by Dan Labbad, is in talks with the Australian developer Lendlease for a 50 per cent stake in six major UK projects, an announcement on the Australian Stock Exchange [...]
Ofwat: Water regulator courts investors with refreshed PFI deals

Water

Ofwat is courting investors with plans to guarantee risk and minimise competition as it looks for more than £50bn to upgrade the water sector’s second-rate infrastructure. Private investors will have the “right to collect” revenue from customers, “opportunities for upside”, “capped liabilities” and “investment positive” support from the government, according to a briefing paper seen [...]
United Utilities: Profit rises significantly as water bills hiked

Business

Profit at United Utilities jumped significantly ahead of the FTSE 100 giant hiking water bills for its more than seven million customers, it has been revealed. The Warrington-headquartered firm, which serves customers in the North West of England, has also proposed an increase to its final dividend of 4.2 per cent to 34.6p. The company [...]

National Grid profit jumps by a fifth despite record investment

May 15, 2025

National Grid’s annual profits rose by a fifth as it lauded stable growth against a backdrop of “international economic uncertainty.” On an underlying basis, pre-tax profit increased 20 per cent to £3.7bn over the 12 months ended 31 March. Earnings per share rose two per cent to 73.3p, ahead of previous guidance. National Grid announced [...]
British execs still fly to US despite Trump turmoil, data suggests

May 14, 2025

Business travel across the pond has increased this year despite concern over policy developments under President Trump, data suggests. Data from the travel tech firm Navan, shared with City AM, shows year-to-date bookings for UK-US corporate trips have risen by nearly a quarter year-on-year. There were 8,000 corporate trips from the UK to the US [...]
Eurostar routes could see double-decker trains

May 14, 2025

Double-decker trains could be running through the Channel Tunnel in the coming years as part of proposals from the French rolling stock giant Alstom alongside Eurostar. Chief executive Henri Poupart-Lafarge told the Financial Times the trains would increase traffic on routes between London and Europe, which are traditionally operated by Eurostar. “The double-decker train has [...]
Tui shares slump as losses widen after quitting London

May 14, 2025

Shares in Tui have slumped as losses widened despite a bumper performance from its cruise segment. Underlying operating losses increased by €18m to €207m (£174.3m) even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday. The travel operator did [...]
Thames Tideway: Just how super is London’s new super sewer?

May 14, 2025

“A national scandal,” Sadiq Khan said of the amount of sewage pumped into the River Thames last year. But it took more than the Mayor of London to spur national revulsion at the state of England’s longest river. Fast forward a few months and the spotlight had fallen on the 2024 Oxford-Cambridge boat race in [...]
Bosses insist bonuses are justified for running ‘hair raising’ Thames Water

May 13, 2025

Bosses at Thames Water have defended taking hefty bonus payouts as Thames Water battles to stay afloat and pollution incidents soar. Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year via a £3bn emergency loan from creditors. It was revealed [...]
Future of UK Nissan factory uncertain amid global plant closures

May 13, 2025

Nissan is addressing the future of its Sunderland factory after confirming plans to slash 20,000 jobs worldwide and cease operations at nearly half of its production facilities. The Japanese carmaker on Tuesday said it would consolidate its vehicle production plants from 17 to 10 by fiscal year 2027. Nissan currently employs around 6,000 workers at [...]

Labour to back use of ChatGPT and AI in schools

US PGA prize money 2025: How much golfers earn at the major

Art’otel London Hoxton, review: an unlikely Shoreditch icon

By: Guy Taylor

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