Vauxhall sheds hundreds of jobs as sales accelerate by over £300m October 7, 2024 Vauxhall shed hundreds of jobs in 2023 as its sales accelerated by more than £300m, it has been revealed. The Stellantis-owned brand has reported a turnover of £2.63bn for its latest financial year, up from the £2.29bn it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit also increased from [...]
London City Airport back in the black after losing almost £100m October 7, 2024 London City Airport returned to the black for the first time since the Covid-19 pandemic as passenger numbers continued to recover. The hub has reported a pre-tax profit of £6.6m for 2023, according to newly-filed accounts with Companies House, having made a loss of £1.1m in the prior 12 months. London City Airport had last [...]
BA Cityflyer: London City Airport carrier hails ‘laser focus’ as profit takes off October 4, 2024 BA Cityflyer, the main airline operating from London City Airport, has said a “laser focus” on improving its service led to increased punctuality and profit for 2023. The business, which is wholly owned by British Airways, has reported a pre-tax profit of £11.1m for the year, up from £4.3m in 2022. The figure comes after [...]
Transport secretary turns off London Euston’s giant ad board October 4, 2024 The government and Network Rail have launched a major review of London’s Euston station, as its giant ad board is turned off with immediate effect. It acknowledged that longer-term change is needed but put forward a five-point plan in the interim. In a statement today, the government and Network Rail said Euston is an “outdated [...]
World’s largest insurers head to court for high-stakes clash October 2, 2024 A multi-billion pound trial over stranded aircraft in Russia kicked off this morning in a jam-packed courtroom
Northern Trains overcomes ‘uncertain and challenging times’ as revenue passes £1bn October 2, 2024 Northern Trains has posted a revenue of £1bn for its latest financial year after battling “uncertain and challenging times”. The operator has posted a total revenue of £1.07bn for the year to 31 March, 2024, up from the £982.6m it posted in the prior 12 months. Newly-filed accounts with Companies House also show its revenue [...]
LNER: Strikes and storms cost train line over £50m October 2, 2024 The impact of a series of severe storms and continued strike action cost London North Eastern Railway (LNER) more than £50m during its latest financial year, it has been revealed. The train operator said industrial action in the year to 31 March, 2024, reduced its revenue by £25.9m while extreme weather also impacted its revenue [...]
Bentley Continental GT Speed 2024 review: Need for speed October 1, 2024 The Continental GT changed everything for Bentley. In 2002, the craftspeople in Crewe – many of whom still referred to their workplace as ‘Royce’s’ ‒ hand-built just over 1,200 cars. But when the svelte new W12-powered coupe was unveiled in early 2003, dealers were inundated with 6,500 advance orders. Almost overnight, Bentley had gone from [...]
Passengers provide welcome boost to Newcastle and Liverpool John Lennon airports September 26, 2024 A surge in passenger numbers helped profit at Newcastle International Airport take off during its latest financial year. The transport hub has reported a pre-tax profit of £10.2m for 2023, newly-filed accounts with Companies House have revealed. The total comes after the airport posted a pre-tax profit of £135,000 for 2022. The new accounts also [...]
CT Automotive: Shares rev up at Bentley and Lamborghini supplier September 26, 2024 Aim-listed CT Automotive supplies interior parts to the likes of Lamborghini, Bentley, Nissan, Ford and Lotus.