Ryanair profit falls as Boeing delivery delays bite May 19, 2025 Ryanair’s annual profit dipped significantly in its latest financial period despite passenger numbers reaching record levels, as the Irish airline took a swipe at Boeing for aircraft delivery delays. Europe’s largest airline reported a 16 per cent decline in post-tax profit to €1.61bn (£1.4bn) over the 12 months ended 31 March. Ryanair blamed the drop [...]
Ofwat: Water regulator courts investors with refreshed PFI deals May 16, 2025 Ofwat is courting investors with plans to guarantee risk and minimise competition as it looks for more than £50bn to upgrade the water sector’s second-rate infrastructure. Private investors will have the “right to collect” revenue from customers, “opportunities for upside”, “capped liabilities” and “investment positive” support from the government, according to a briefing paper seen [...]
National Grid profit jumps by a fifth despite record investment May 15, 2025 National Grid’s annual profits rose by a fifth as it lauded stable growth against a backdrop of “international economic uncertainty.” On an underlying basis, pre-tax profit increased 20 per cent to £3.7bn over the 12 months ended 31 March. Earnings per share rose two per cent to 73.3p, ahead of previous guidance. National Grid announced [...]
British execs still fly to US despite Trump turmoil, data suggests May 14, 2025 Business travel across the pond has increased this year despite concern over policy developments under President Trump, data suggests. Data from the travel tech firm Navan, shared with City AM, shows year-to-date bookings for UK-US corporate trips have risen by nearly a quarter year-on-year. There were 8,000 corporate trips from the UK to the US [...]
Eurostar routes could see double-decker trains May 14, 2025 Double-decker trains could be running through the Channel Tunnel in the coming years as part of proposals from the French rolling stock giant Alstom alongside Eurostar. Chief executive Henri Poupart-Lafarge told the Financial Times the trains would increase traffic on routes between London and Europe, which are traditionally operated by Eurostar. “The double-decker train has [...]
Tui shares slump as losses widen after quitting London May 14, 2025 Shares in Tui have slumped as losses widened despite a bumper performance from its cruise segment. Underlying operating losses increased by €18m to €207m (£174.3m) even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday. The travel operator did [...]
Jaguar Land Rover rakes in £2.5bn profit despite stalled sales May 13, 2025 Jaguar Land Rover (JLR) has achieved its highest profit for a decade despite its sales stalling during its latest financial year. The Coventry-headquartered automotive giant has posted a profit of £2.5bn for the 12 months to 31 March, 2025. The latest total is up from the £2.2bn profit it achieved in its prior year – [...]
Bosses insist bonuses are justified for running ‘hair raising’ Thames Water May 13, 2025 Bosses at Thames Water have defended taking hefty bonus payouts as Thames Water battles to stay afloat and pollution incidents soar. Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year via a £3bn emergency loan from creditors. It was revealed [...]
Future of UK Nissan factory uncertain amid global plant closures May 13, 2025 Nissan is addressing the future of its Sunderland factory after confirming plans to slash 20,000 jobs worldwide and cease operations at nearly half of its production facilities. The Japanese carmaker on Tuesday said it would consolidate its vehicle production plants from 17 to 10 by fiscal year 2027. Nissan currently employs around 6,000 workers at [...]
British Airways bets on AI to shake off delays May 13, 2025 British Airways has revealed that a major push into artificial intelligence has started to pay off. The UK flag carrier reports an improvement in punctuality after years of cancellations, IT meltdowns, and operational chaos. Chief executive Sean Doyle described the new AI systems as ‘game changing’, claiming they have helped reduce delays and cancellations that [...]