Heathrow ‘responded well’ to power outage despite sleeping CEO, report says May 28, 2025 Heathrow Airport “responded well” to the power outage incident in March despite its chief executive sleeping through a key decision on whether to stop operations, an internal review, commissioned by the airport, found. More than 200,000 passengers around the world faced disruption as Heathrow opted to stop operations following a fire at the nearby North [...]
Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty May 28, 2025 The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]
Stellantis: Vauxhall owner picks former Jeep boss as chief executive May 28, 2025 Stellantis has picked 25-year veteran Antonio Filosa as its new chief executive amid an ongoing turnaround effort that was given fresh urgency by President Donald Trump’s shock tariff announcement. Filosa, who is currently Stellantis’s chief operating officer for the Americas, will take the top job on 23 June following a unanimous verdict by the board. [...]
Thames Water slapped with historic £123m fine from Ofwat May 28, 2025 Thames Water will receive a historic £123m fine from the water regulator over rule breaches tied to its wastewater operations and dividend payouts. Ofwat confirmed a final decision on Tuesday following two of its “biggest and most complex” investigations into the beleaguered utility’s operations. Thames Water and its shareholders will pay a £104.5m penalty for [...]
Vertical Aerospace: Flying e-taxi firm makes history with cross-country flight May 27, 2025 A Bristol-based firm pioneering the development of flying electric taxis has made European aviation history after successfully piloting a flight across the UK countryside. Vertical Aerospace’s VX4 prototype performed its first “wingborne” flight last week, soaring over the Cotswolds before landing like a conventional aircraft at a nearby airport. It marks a significant milestone on [...]
IAG shares jump as tailwinds build for British Airways owner May 27, 2025 IAG shares rose further on Tuesday as investors piled into the owner of British Airways amid growing tailwinds for the airline group. The shares seemed to benefit after US President Donald Trump backtracked on plans to impose a 50 per cent tariff on the EU in early June. Trump announced over the weekend he had [...]
BYD: Chinese EV stocks tumble despite spike in UK demand May 26, 2025 Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]
The Elizabeth Line has clocked enough miles for 45 round trips to the moon May 23, 2025 The Elizabeth Line has clocked up enough miles in its first three years to reach the moon and back 45 times, it has been revealed. More than 600m passenger journeys have been made on the UK’s single busiest railway service since operations began in 2022, according to Transport for London (TfL). That means London’s ‘Lizzie [...]
Easyjet holds guidance as it eyes £700m profit May 22, 2025 Easyjet has doubled down on full-year guidance as forward bookings showed promise ahead of summer. The low-cost carrier said bookings had been such that it expects to meet a prior target of £703m for annual pre-tax profit. Headline pre-tax losses came in at £394m, up 13 per cent year-on-year for the six months ended 31 [...]
Hercules PLC: Powering Britain’s infrastructure ambitions May 21, 2025 The UK stands on the cusp of an unprecedented infrastructure revolution. With governmental commitments indicating significant investment (plans previously cited at £700bn-£750bn), the nation is poised to transform its transport networks, energy systems, and digital infrastructure. This undertaking will not only require capital but also a large, skilled workforce that can adapt to the nation’s [...]