Porsche: Trump tariffs and China troubles to slash sales and profit April 29, 2025 Porsche has cut its forecasts for 2025 amid fears over the impact of President Donald Trump’s tariffs on the global car industry. The luxury sports car maker expects to report a profit margin of between 6.5 to 8.5 per cent this year, down from prior guidance of 10 to 12 per cent. Revenue is also [...]
Eurostar tells rivals to put their money where their mouths are April 28, 2025 Eurostar has called on its rivals to invest in the UK’s capacity for international rail as it insisted it welcomed increased competition. The Temple Mills depot in East London is currently the only place in the UK that can host high-speed, cross-channel trains to and from Europe. It has become a central part of the [...]
Virgin Atlantic boss slams Heathrow chief for dozing during fire April 28, 2025 A decision by the head of Heathrow Airport to go to bed during last month’s substation fire was “questionable,” the chief executive of one of its main airlines has said. In an interview with the Telegraph, Virgin Atlantic boss Shai Weiss said the behaviour of Thomas Woldbye was not that expected of a chief executive. [...]
Airbus to acquire some Spirit sites as part of Boeing deal April 28, 2025 Airbus said it had reached a final agreement to acquire some of the assets and sites of Spirit Aerosystems ahead of the US supplier’s acquisition by Boeing. The French planemaker on Monday outlined plans to take ownership of production at sites spanning Kansas, North Carolina, Northern Ireland, Morocco and France. Airbus will also acquire the [...]
Aston Villa to boost Villa Park capacity beyond 50,000 by 2027 April 24, 2025 Aston Villa have revealed plans to increase the capacity of Villa Park to more than 50,000 by more than doubling the number of seats in its North Stand. The Premier League club aim to complete the work by late 2027, in time for being one of the host venues for Euro 2028, which is being [...]
Branson-backed bike sharing firm Beryl more than doubles losses April 24, 2025 Losses at Beryl, a bike sharing company backed by two of Sir Richard Branson’s children, have more than doubled despite an uptick in its turnover. In accounts filed almost four months late with Companies House, the business has posted a pre-tax loss of £7.5m for the 12 months to 31 March, 2024. That total compares [...]
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 [...]
Enterprise Rent-A-Car creates over 700 UK jobs as sales pass £2bn April 23, 2025 More than 700 jobs were created by the UK arm of Enterprise Rent-A-Car as rising demand helped sales pass the £2bn mark during its latest financial year. The Surrey-based division of the US giant increased its headcount to 6,778 in the 12 months to 31 July, 2024, according to new accounts filed with Companies House. [...]
Heathrow Airport holds outlook as profit edges up April 23, 2025 London Heathrow Airport has maintained its outlook for profit and passenger traffic as work continues “at pace” on a planning application for its third runway. The West London hub anticipates carrying a record 84.2m passengers in 2025, up 0.5 per cent year-on-year. But pre-tax earnings (EBITDA) are expected to decrease by 11 per cent to [...]