Profit stalls at iconic motorcycle maker Triumph January 7, 2025 Profit has stalled at iconic motorcycle brand Triumph as an economic downturn in China and a fall in the value of sterling impacted its sales. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of £72.6m for the year to 30 June, 2024, up slightly from the £72.3m it [...]
New car market in UK up 2.6 per cent in 2024, figures reveal January 4, 2025 The UK’s new car market recorded its second successive year of growth with a 2.6 per cent rise in registrations in 2024, new figures show. Industry body the Society of Motor Manufacturers and Traders (SMMT) said around 1,953,000 new cars were registered last year, compared with 1,903,000 in 2023. Growth was delivered entirely by purchases [...]
Peel Ports: Billionaire tycoon handed higher pay day despite profit slump January 3, 2025 The billionaire family behind Peel Ports raked in even more money despite profit at Britain’s second largest operator being slashed during its latest financial year. The Whittaker family shared a dividend pot of £153.9m with fellow shareholders in the Liverpool-headquartered group in the year to 31 March, 2024. The dividend is up from the £138.9m [...]
British Airways succeeds Jaguar in public spotlight after rewards changes January 2, 2025 British Airways has become the latest household name to incur the wrath of a high-profile public backlash in the wake of its decision to significantly change its rewards scheme for loyal customers. The airline revealed earlier this week that it was changing its tiering system for rewards to be based on spend and upped how [...]
London Gatwick Airport: Thousands disrupted as fog hits for fourth day December 30, 2024 Flight restrictions remain in place at Gatwick Airport for a fourth day because of fog, disrupting travel plans for thousands of passengers. More than 20 flights planned for the West Sussex airport on Monday were cancelled in advance and passengers are being warned of delays throughout the day. Flights at the UK’s second busiest airport [...]
Disruptive fog to stick around into weekend, forecasters say December 28, 2024 Fog which has caused disruption to flights at some of the UK’s busiest airports will persist into the weekend, forecasters have said. The murky weather has shrouded much of the country over the past few days and shows little sign of abating yet. In some areas, thick fog patches could reduce visibility down to just [...]
Honda and Nissan merger talks spark UK job fears December 18, 2024 Experts say the UK's unfavourable tax environment and declining automotive sector put it at greater risk as the industry consolidates.
HS2 chair to step down as cost swells to £66bn December 17, 2024 The chair of the company behind High Speed Two (HS2) is to stop down next year, it has been announced. Sir Jon Thompson has served on the board of HS2 Ltd for almost four years after first joining as a non-executive director in April 2021. He was appointed as the company’s chair in February 2023 [...]
Heathrow: Fresh ‘kiss and fly’ charge hike slammed as ‘blatant raid’ December 11, 2024 Heathrow intends to raise per-passenger charges from £5 to £6 in January next year, a move which follows previous hikes in 2024.
HS2: Costs for London Euston section reach over £7.5bn December 10, 2024 Rachel Reeves confirmed in the Autumn Budget HS2 will terminate at Euston station, following a political kerfuffle over how to find the necessary funding.