Firstgroup: Profit at Avanti West Coast owner beats expectations June 10, 2025 Transport giant Firstgroup has extended its share buyback program by £50m after annual revenue came in ahead of forecasts. The additional £50m buyback program follows Firstgroup’s return of £92m to shareholders in the 2025 financial year. The group also raised its dividend to 6.5p, up from 5.5p last year. The FTSE 250 company told markets [...]
Eurostar to launch direct services from London to Frankfurt and Geneva June 10, 2025 Eurostar has announced plans to launch direct services from London to Germany and Switzerland for the first time. The cross-channel operator is looking to purchase 50 new trains at a cost of £1.7bn to service the routes, which are expected to run from the “early 2030s”. Journey times are expected to last around five hours [...]
London Stansted Airport submits major expansion plans June 9, 2025 London Stansted Airport is seeking permission to increase the number of passengers it handles every year to more than 50m. The transport hub, which is owned by Manchester Airports Group, is hoping to up its annual passenger capacity to nearly 51m over the next two decades. The airport said it is aiming to complete the [...]
Thameslink operator slumps into the red ahead of Elizabeth Line takeover June 9, 2025 The operator of London’s Thameslink and Gatwick Express slumped into the red before taking over the Elizabeth Line, it has been revealed. Go-Ahead has reported a pre-tax loss of $36.9m for 2024, having posted a pre-tax profit of $9.7m for the prior 15 months. However, the group pointed to it making a profit after tax [...]
London shipowner looks to wind to propel green transition June 6, 2025 A London-based private shipowner is spearheading a drive to bring wind-powered shipping to the forefront of the UK’s bid to decarbonise. Union Maritime will take delivery of a 115,000-tonne oil tanker fitted with 120ft sails later this month. It is aiming to build a fleet of up to 34 wind-assisted ships, which would be the [...]
IAG: British Airways owner faces shareholder revolt June 5, 2025 British Airways owner IAG is set to become the latest FTSE 100 company facing a shareholder revolt over pay awards to its top execs. Influential proxy adviser ISS has urged IAG investors to vote against a remuneration policy which includes a one-off share award for CEO Luis Gallego, at the group’s next annual general meeting [...]
Spending review: Rachel Reeves pledges £15.6bn for regional transport June 4, 2025 The government has made its biggest spending announcement since Labour’s drubbing at the local elections in May, with a pledge from Chancellor Rachel Reeves to double investment in local transport over the next five years. A £15.6bn cash injection will form a major pillar of the 11 June spending review, which the Treasury says would [...]
Can Cazoo go from collapse to Auto Trader’s ‘undisputed’ rival? June 2, 2025 Cazoo can double in size over the next couple of years and become the undisputed number two to FTSE 100 giant Auto Trader, the man charged with its phoenix-like recovery has said. Barry Judge, who helped rescue the brand after it collapsed in May 2024, added that the company is working on winning back the [...]
Gatwick: Boss of worst airport for flight delays promoted May 30, 2025 London Gatwick Airport has named a new top boss after its long-serving chief executive was promoted to a newly created position. Stewart Wingate has served as the airport’s CEO for the last 15 years but has now been named as managing director, UK airports, for Vinci Airports and Global Infrastructure Partners. Vinci Airports owns a [...]
Aircraft orders plummet amid US tariff uncertainty May 30, 2025 Commercial aircraft orders plummeted last month as Donald Trump’s tariffs piled pressure on the aerospace industry. There were 19 aircraft orders in April, a 75 per cent year-on-year decline and the lowest for the month since the pandemic. The latest data from ADS, the UK trade association, is the first reported since the introduction of [...]