M6 Toll owner rakes in the profit after price rises September 13, 2024 Profit at the company behind the M6 Toll road accelerated to almost £30m thanks in part to prices being raised in 2023, it has been revealed.
Heathrow crowned most connected airport despite recent concerns September 13, 2024 London Heathrow has been crowned the most connected airport in the world despite recent concerns it may be losing ground on international rivals. New analysis from global travel data provider Official Airline Guide (OAG) found the West-London hub topped the charts for the second year running. The figures, which included transfer flights, reveal that Heathrow [...]
Heathrow: Passenger numbers soar as boss hails ‘busiest summer’ September 11, 2024 Heathrow Airport has reported a fourth consecutive month of record-breaking passenger traffic in what has proved one of the UK’s busiest ever summers for travel demand. Some 8m travellers passed through in August, up 5.5 per cent year-on-year and bringing the West London hub’s rolling 12 month total to 82.6m. Heathrow said it was “on [...]
Jet2 founder Philip Meeson sells millions more shares September 11, 2024 The founder of budget airline and holidays operator Jet2 has further lowered his stake in the listed business after selling a further five million shares. Philip Meeson has sold the ordinary shares to a limited number of institutional investors. The deal involves approximately 2.3 per cent of the issued ordinary share capital in Jet2. In a statement [...]
Transport for London selects Global and JCDecaux to run ad estate September 10, 2024 Transport for London (TfL) has selected Global and JCDeacux to run its lucrative advertising estate, following a hotly-contested tendering process. Global continues its stint managing advertising sites on the Tube, London Overground, DLR, Tram and across the Elizabeth Line. JCDecaux, the French multinational ad corporation, will manage advertising at more than 4,700 bus shelters across [...]
HS2: Construction of Britain’s longest railway bridge completed near London September 5, 2024 High Speed Two (HS2) has completed the construction of the longest railway bridge in Britain to the north west of London. The final deck segment of the 2.1-mile long viaduct, crossing the Colne Valley in Buckinghamshire, was fixed into place on Thursday by HS2 engineers. The new bridge breaks a 140-year record held by the [...]
‘Heavy discounting’ sparks new electric car sales surge September 5, 2024 New electric vehicle (EV) registrations jumped in August as “heavy discounting” by manufacturers and a raft of new models tempted consumers to make the switch. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 10.8 per cent increase in battery electric vehicle (BEV) registrations in the last month. BEVs now [...]
Swissport makes first UK profit since 2018 as sales finally recover from Covid September 5, 2024 The UK arm of Swissport has returned to the black for the first time since 2018 as its turnover recovered to pre-pandemic levels. The Cheshire-headquartered division of the aviation services giant also created 1,400 jobs during its latest financial year but its total headcount is still significantly lower than it was in 2019. Swissport has [...]
Fresh calls to fund TfL as more busted London Underground trains taken out of service September 4, 2024 City groups have launched fresh calls for a long-term Transport for London (TfL) funding deal, after new data revealed a more than doubling in the rate faulty London Underground trains are being taken out of service. Data obtained via a Freedom of Information request shows the out of service rate across the London Underground, which [...]
Easyjet partners with US firm developing futuristic ‘blended-wing’ plane September 4, 2024 Easyjet has announced a tie-up with a US-based firm to develop revolutionary “blended-wing” technology it claims will cut fuel burn by 50 per cent. The budget airline is the first European airline to partner with Jetzero, which has already attracted support for its project from Alaska Airlines, NASA and the US Air Force, ahead of [...]