Nissan job cuts stretched to 20,000 – reports May 12, 2025 Nissan plans to slash as many as 20,000 jobs amid a wider restructuring of the struggling Japanese carmaker’s business. The automaker initially announced plans to layoff 9,000 employees in November. That figure has since been increased by 11,000 following a rougher-than-expected start to the year, according to a report from the Japanese national broadcaster NHK [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment May 12, 2025 The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]
IAG: Share price of British Airways owner ‘significantly undervalued’ May 12, 2025 IAG’s share price has been dubbed “significantly undervalued” by analysts as flight numbers soar and the airline group shrugs off wider political and economic headwinds. British Airways’ parent company reported quarterly operating profit well-ahead of expectations last Friday as it unveiled an order for 53 new Airbus and Boeing aircraft. The bumper results came despite [...]
British Airways owner IAG to buy 53 new aircraft as earnings beat estimates May 9, 2025 British Airways and Aer Lingus owner, IAG, has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results. IAG announced the order of 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft for Aer Lingus, Iberia and LEVEL. [...]
Bolt: Uber rival appoints first UK boss May 8, 2025 Bolt, the Estonian ride-hailing platform, has appointed a new UK boss in a sign of its intention to double down on its second biggest market. Kimberly Hurd will join as the company’s first senior general manager for the UK, following stints in the fintech sector and at the Indian food delivery app Zomato. Top of [...]
Network Rail faces extra £213m National Insurance hit May 7, 2025 Network Rail will take an additional £213m hit over the next few years from the National Insurance tax hikes announced in Rachel Reeves’ Autumn Budget, it has been revealed. The figure marks a 16 per cent increase on a previously expected payout of £1.26bn over the remaining four years of its current financial control period. [...]
Trainline to take on Labour as shares plunge May 7, 2025 Trainline shares fell nearly eight per cent in early deals on Wednesday despite ticket sales reaching almost £6bn across its platform. The London-listed ticketing app’s stock price has fallen by more than a third this year due to concerns over government plans to launch a rival state-owned service. Trainline said it was taking an “increasingly [...]
Orsted axes Hornsea 4 offshore wind project May 7, 2025 Ørsted has announced plans to ditch the Hornsea 4 offshore wind project in a big blow to the UK’s clean power ambitions. The Danish renewable energy company said it would incur break-away costs of between 3.5bn to 4.5bn Danish krone (£400m to £512m) as a result of the decision. Ørsted said the 2,400MW project had [...]
Campaign group threatens transport secretary with legal action over Luton Airport expansion May 7, 2025 Legal action has been threatened against the government over the major expansion to London Luton Airport as a campaign group signals a judicial review
Jaguar Land Rover reboots US car exports despite tariff woes May 3, 2025 Jaguar Land Rover has begun sending cars to the US again after halting shipping on the back of President Donald Trump’s trade war. The first batch of vehicles headed to the US in nearly a month shipped out from the UK on Wednesday, as first reported by The Times. The British firm paused deliveries across [...]