Billionaire Issa brothers’ zero-emission truck start-up saved October 13, 2025 A Scottish zero-emission vehicles company backed by the billionaire Issa brothers has been saved in a pre-pack administration deal. Opus Restructuring was appointed to oversee the process at Glasgow-based Hydrogen Vehicle Systems (HVS) after the business faced a winding up petition earlier this month. It also faced a winding up petition in October 2024. The [...]
Virgin Atlantic CEO in the departure lounge as successor named October 13, 2025 The chief executive of Virgin Atlantic, which was founded by Sir Richard Branson, is to step down as his successor was named. Shai Weiss is to leave his position at Virgin Atlantic after seven years at the end of 2025. He will be succeeded by Corneel Koster. Koster re-joined Virgin Atlantic in 2019 as a [...]
High Court showdown: Mercedes, Ford and Renault stand accused in Dieselgate trial October 13, 2025 Car manufacturing giants, including Mercedes, Ford and Renault, are set to face a lengthy trial at the High Court over allegations they cheated emissions tests. Knicknamed Dieselgate, the largest group claim ever brought in the UK, is set to kick off at the court on Monday morning for a 10-week trial in front of Lady [...]
NetJets: Losses spike at Warren Buffett’s private jet company October 10, 2025 Losses at the UK arm of NetJets, the private jet company owned by Warren Buffett’s Berkshire Hathaway more than doubled during its latest financial year, it has been revealed. The division has posted a pre-tax loss of $11.2m (£8.4m) for 2024, new accounts filed with Companies House show. The total comes after NetJets UK also [...]
Porsche: UK revenue in £300m reverse as car sales slashed October 8, 2025 Revenue at the UK division of Porsche was cut by more than £300m in 2024 as it sold 4,000 fewer luxury cars. New accounts filed with Companies House have revealed the UK arm’s revenue fell from £1.92bn to £1.62bn during its latest financial year. Over the same period, its pre-tax profit also declined from £44.6m [...]
Lime bikes: UK sales spike as expansion continues October 7, 2025 Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed. Lime Technology has reported a turnover of £111.3m for 2024, according to new accounts filed with Companies House. The total is up significantly from the £63.5m it achieved in 2023. However, the latest [...]
LEVC: London electric taxi company loses £180m October 7, 2025 LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
London City Airport’s profit has almost doubled October 6, 2025 Profit at London City Airport almost doubled in 2024 thanks to a rise in passenger numbers, it has been revealed. For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m. New accounts filed with Companies House also show its turnover rose from £102.6m to £115m. Passenger traffic increased by 4.6 per [...]
Tariffs and economic pressure drive slowdown at Aston Martin October 6, 2025 Aston Martin has blamed a combination of economic challenges and the ongoing impact of tariffs as it warned sales will fall year on year. The luxury carmaker delivered fewer cars than expected in the third quarter of 2025, at 1,430 wholesale units versus 1,641 in the third quarter of 2024. It attributed the fall to [...]
London Luton Airport: Profit more than doubles ahead of expansion October 3, 2025 Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]