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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Mobico: National Express owner’s school bus deal leaves much to be desired

April 25, 2025

National Express owner Mobico has at long last agreed a deal to flog off its struggling North American school bus division. The London-listed bus and coach firm on Friday unveiled plans for a £457m sale to the US infrastructure investor, I Squared Capital. Its school bus segment had weighed on shares since the pandemic amid [...]
Mobico shares crater amid £460m North American school bus sale

April 25, 2025

Mobico shares cratered more than 35 per cent on Friday as it announced plans to sell its North American school bus business to the US infrastructure investor, I Squared Capital. The much-anticipated deal is valued at £460m, which is less than analysts had expected. Mobico said it would lead to upfront net proceeds of around [...]
EDF’s two nuclear plants should be negotiated as one, French minister says

April 25, 2025

EDF’s two nuclear construction schemes at Hinkley Point and Sizewell C should be treated as one financial venture in negotiations, according to France’s energy minister. Marc Ferracci told the FT he had held discussions with the UK’s energy minister Ed Miliband at the sidelines of a conference in London on Thursday. “France and EDF are [...]
UK’s ageing water network would take 700 years to replace at current rate

April 25, 2025

Britain’s ageing water network would take 700 years to replace if work continues at the rate seen since privatisation, according to Whitehall’s spending watchdog. The National Audit Office (NAO) on Friday released an extensive investigation into the performance of the the three water regulators, Ofwat, the Drinking Water Inspectorate and the Environment Agency, and Defra. [...]
Pod Point shares to be temporarily suspended as EDF steps in

April 24, 2025

Shares in one of the UK’s largest EV chargepoint companies are to be temporarily suspended as its French majority shareholder steps in to takeover the entire business. Struggling Pod Point said on Thursday it had received conditional proposal from EDF Energy, currently a 53 per cent shareholder, for its entire share capital. The non-binding offer, [...]
Senior shares rise on ‘limited and manageable’ tariff impact

April 24, 2025

Senior shares edged up on Thursday as the aerospace manufacturer played down the impact of Donald Trump’s tariffs. The firm, which makes high-tech components and systems for the aerospace and defence industry, said the direct impact of the levies would be “limited and manageable.” Shares rose more than three per cent in early deals. There [...]
Balfour Beatty secures a further £670m of work in Texas

April 24, 2025

Balfour Beatty has won a £670m contract to reconstruct part of a major interstate highway through Dallas in Texas. The project, awarded by the Texas Department of Transportation, involves the reconstruction of a 3.7km section of the Interstate 30 route on the east side of Dallas County. It aims to increase the number of general-purpose [...]
More airlines flying from Gatwick than ever before as long-haul drive continues

April 24, 2025

More airlines flew from London Gatwick Airport than ever before last year as the Sussex hub continues to drive expansion of its long-haul offering. Chief executive Stewart Wingate said the UK’s second biggest airport was “well positioned” to grow its connections further but reiterated concern over capacity constraints. A decision on Gatwick’s plan for a [...]
Boeing losses narrow as boss says recovery is working

April 23, 2025

Boeing’s net losses narrowed in the first quarter of the year in an early sign the US planemaker may turn a corner this year. The firm reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior. Core losses per share came in at ¢49, well ahead [...]
Babcock gains momentum in an ‘uncertain world’

April 23, 2025

Babcock reported a significant jump in full-year profit and revenue as heightened military tensions continue to prop up European defence contractors. Operating profit increased 17 per cent to £363m on an underlying basis, while revenue grew 11 per cent to £4.8bn. Net debts fell to £373m including leases, down from £435m the year before. Shares [...]

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Premiership run-in: Saints and Bath will impact top four

Here We Are, National Theatre, review: Stephen Sondheim musical is more Severance than sing-a-long

By: Guy Taylor

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