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 [...]
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. [...]