Rolls-Royce eyes nearly £3bn profit despite tariffs May 1, 2025 Rolls-Royce said it is confident it will hit underlying profit of nearly £3bn in 2025, despite ongoing tariff uncertainty. The London-listed engineering giant on Thursday held a previously guided underlying profit range of between £2.7bn and £2.9bn. It is also looking at between £2.7bn and £2.9bn of free cash flow. In a statement to markets, [...]
TfL launches fresh crackdown on fare evasion with new measures April 30, 2025 Transport for London (TfL) plans to expand its team of investigators as part of a suite of new measures to crack down on fare evasion. London’s transport body is aiming to halve fare evasion across all its services, which costs hundreds of millions each year, to 1.5 per cent or less by 2030. The rate [...]
Melrose ‘confident’ in profit growth despite tariff hit April 30, 2025 Melrose said it has charted a course to “successfully mitigate” its direct exposure to US tariffs and was confident in delivering profit growth in 2025. The owner of GKN Aerospace said on Wednesday it had explored a number of measures to reduce the impact on segments of the group unable to make use of any [...]
Aston Martin limits US imports amid tariff uncertainty April 30, 2025 Aston Martin has begun limiting car imports to the US as it wrestles with the fallout from Donald Trump’s erratic tariff regime. The luxury carmaker was already forced to revised down sales targets slightly in April as Donald Trump’s liberation day announcement rocked global markets and sent shares in a string of carmakers spiralling. Chief [...]
Can a Young Driver training course reduce accidents by 80 per cent? April 29, 2025 On the 18th of June 1996, I passed my driving test. On the 19th of June 1996, I wrote off my Mini City E by parking it in the back of a BMW. For a 17-year-old who aspired to be a motoring journalist, it wasn’t the most auspicious start. To prevent my son from suffering [...]
Ford is killing off the Ford Focus – but why? April 29, 2025 Thirty years ago, one in five new cars sold in Britain wore a Ford badge. The Escort was the nation’s favourite – as it had been for decades – followed by the Fiesta in second place and the Mondeo in third. Today, Ford has slipped to fifth place in the UK market, behind Volkswagen, BMW, [...]
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 [...]