Thames Water slapped with historic £123m fine from Ofwat May 28, 2025 Thames Water will receive a historic £123m fine from the water regulator over rule breaches tied to its wastewater operations and dividend payouts. Ofwat confirmed a final decision on Tuesday following two of its “biggest and most complex” investigations into the beleaguered utility’s operations. Thames Water and its shareholders will pay a £104.5m penalty for [...]
Vertical Aerospace: Flying e-taxi firm makes history with cross-country flight May 27, 2025 A Bristol-based firm pioneering the development of flying electric taxis has made European aviation history after successfully piloting a flight across the UK countryside. Vertical Aerospace’s VX4 prototype performed its first “wingborne” flight last week, soaring over the Cotswolds before landing like a conventional aircraft at a nearby airport. It marks a significant milestone on [...]
IAG shares jump as tailwinds build for British Airways owner May 27, 2025 IAG shares rose further on Tuesday as investors piled into the owner of British Airways amid growing tailwinds for the airline group. The shares seemed to benefit after US President Donald Trump backtracked on plans to impose a 50 per cent tariff on the EU in early June. Trump announced over the weekend he had [...]
BYD: Chinese EV stocks tumble despite spike in UK demand May 26, 2025 Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]
The Elizabeth Line has clocked enough miles for 45 round trips to the moon May 23, 2025 The Elizabeth Line has clocked up enough miles in its first three years to reach the moon and back 45 times, it has been revealed. More than 600m passenger journeys have been made on the UK’s single busiest railway service since operations began in 2022, according to Transport for London (TfL). That means London’s ‘Lizzie [...]
Easyjet holds guidance as it eyes £700m profit May 22, 2025 Easyjet has doubled down on full-year guidance as forward bookings showed promise ahead of summer. The low-cost carrier said bookings had been such that it expects to meet a prior target of £703m for annual pre-tax profit. Headline pre-tax losses came in at £394m, up 13 per cent year-on-year for the six months ended 31 [...]
Hercules PLC: Powering Britain’s infrastructure ambitions May 21, 2025 The UK stands on the cusp of an unprecedented infrastructure revolution. With governmental commitments indicating significant investment (plans previously cited at £700bn-£750bn), the nation is poised to transform its transport networks, energy systems, and digital infrastructure. This undertaking will not only require capital but also a large, skilled workforce that can adapt to the nation’s [...]
Porsche Cayenne E-Hybrid 2025 review: Work, rest and play May 21, 2025 Book a Porsche press car and there’s a good chance it will be delivered by a Cayenne. The vehicles often travel inside a covered trailer, which is hauled to all corners of the UK by this particular workhorse. “I love them. They’re just so capable and comfortable,” says the driver as he unloads my showroom-fresh [...]
Uber unveils tie-up with Eurostar challenger May 21, 2025 Uber is planning a partnership deal with one of the firms seeking to oust Eurostar as the sole operator of the Channel Tunnel. Gemini Trains, spearheaded by the Labour peer Lord Berkeley, is one of several competitors looking to break Eurostar’s 30-year monopoly on cross-channel services. Passengers will be able to book tickets via the [...]
Thames Water: Bonuses from £3bn emergency loan ‘withdrawn’ May 20, 2025 Hefty bonuses to Thames Water bosses that were carved out of a £3bn emergency loan have been “withdrawn” following backlash, the government has announced. Environment secretary Steve Reed said on Tuesday he was “very happy indeed that Thames have now dropped those proposals. It was the wrong thing to do. They have now withdrawn their [...]