Borough wars: London’s e-bike chaos is hurting its commuters August 22, 2025 It’s an e-bike apocalypse out there, or at least it is if you’re trying to cross West London on two wheels. Hounslow Council’s recent decision to ban Lime, the capital’s most ubiquitous e-bike operator, has turned London’s meticulously planned cycle routes into a geopolitical minefield. The capital’s commuters are now finding themselves stranded at borough [...]
London tube staff to strike in September in ‘extremely concerning’ move August 21, 2025 London tube staff are set to strike over pay in early September in what industry chiefs have labelled a “damaging scenario” for sluggish growth across the capital. The rail union RMT said on Thursday that rolling strike action would begin on Friday 5 September while Docklands Light Railway staff will strike from 8 September over [...]
Forest hikes e-bike prices amid fragmented London market August 20, 2025 Forest, the e-bike operator recently licensed by Hounslow Council, has announced it is raising its “pay as you go” service fee by 50 per cent to £1.50, citing a doubling of the fees charged by London boroughs to operate. The price hike comes just weeks after City AM revealed that Hounslow Council awarded a lucrative [...]
Costain shares tumble after HS2 delays spark revenue slump August 20, 2025 Shares in Costain tumbled 13 per cent in the opening minutes of trade in London after the construction firm was hit by further delays to HS2. The Bishopsgate-based business said its overall revenue fell 17.8 per cent to £525m for the first six months of the year, of which revenue for its rail infrastructure services [...]
Rachel Reeves to slash environmental protections to boost builders August 18, 2025 Rachel Reeves is looking to take the axe to environmental protections blocking infrastructure projects in a bid to boost Labour’s building pledges. The Chancellor is considering reforms to prevent nature concerns from inhibiting new developments as she desperately looks to supercharge her growth agenda. Labour’s Planning and Infrastructure bill is in the committee stage at [...]
Gatwick profit jumps after boost to passenger numbers August 14, 2025 Gatwick airport has reported a double-digit rise in profit in the first half of 2025, driven by a boost to passenger and aircraft traffic volume. Total revenue reached £491.4m in the first half of the year, up 0.7 per cent from 2024. Adjusted revenue – accounting for two “large one-off elements” which occurred last year [...]
Balfour Beatty receives profit boost from government contracts August 13, 2025 Infrastructure group Balfour Beatty recorded a jump in profit for the first half of the year after a bumper performance in its UK construction. The London-listed firm posted a £20m rise in pre-tax profit for the first six months of the year to £132m, up from £112m last year. It came as the business’ UK [...]
Alstom: Profit slashed at London Underground trains maker August 12, 2025 Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
Jaguar Land Rover: Trump’s tariffs cost car maker millions August 8, 2025 Jaguar Land Rover has revealed how much US President Donald Trump’s tariffs have impacted its finances during the first three months of its financial year. The car maker has confirmed that its revenue in the three months to 30 June, 2025, fell by 9.2 per cent to £6.6bn. Its pre-tax profit was also slashed by [...]
Maserati: UK profit surges as sales accelerate August 8, 2025 Profit at the UK arm of Maserati has almost doubled in the last four years as its sales continue on their upward trajectory. The car maker, which is owned by Stellantis, has reported a pre-tax profit of £326,000 for 2024, up from the £321,000 it posted in 2023. The latest figure is up from the [...]