Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
Profit takes off at Bournemouth, Exeter and Norwich airports owner August 20, 2024 Profit at the group behind a number of regional airports surged during its latest financial year thanks to a sharp rise in the number of passengers and amount of cargo it handles. Regional & City Airports Group has posted a pre-tax profit of £14.2m for the year to 31 March, 2024, up from £1.3m. Newly-filed [...]
Flexjet: Increasing popularity of private jets helps UK sales soar August 20, 2024 The UK arm of private jet company Flexjet is eyeing further growth in Europe after increasing its sales and cutting its pre-tax loss during its latest financial year. The London-based division of Flexjet, which operates in the fractional ownership market, has posted a turnover of £40.9m for 2023, up from £38.4m in 2022. Newly-filed accounts [...]
Why is Wizz Air training pilots using virtual reality? We went to Budapest to find out August 20, 2024 Join City A.M. in Budapest, Hungary, as we visit Wizz Air's pilot training centre. The budget carrier is using Airbus-developed virtual reality to train new pilots.
Heathrow Airport: Border force staff to strike bringing chaos to tail-end of summer August 16, 2024 Border force staff at Heathrow Airport are to strike for 23-days in a dispute over new terms and conditions. 650 members of the Public and Commercial Services (PCS) union will walk out from 31 August to 3 September, with further disruption until 22 September. The hundreds of staff will be ‘working to rule’ and will [...]
More rail strikes coming: Aslef accuses LNER of ‘bullying’ and breaking agreements August 16, 2024 The Aslef train drivers union has called for industrial action every weekend until November, citing a “breakdown” in relations with the LNER train company. In an announcement this morning, the leader of the union said the company’s “continued failure” to sort out long-standing issues had “forced us into this position.” Drivers on the east coast [...]
Grounded verdict: Tribunal kicks out British Airways appeal in cabin crew case August 15, 2024 British Airways has had its appeal over a key section of the Equality Act kicked out by the Tribunal today, an appeal that saw intervention from the Government
Harland and Wolff: Titanic maker’s shares to stay suspended as stakeholders fear bankruptcy August 12, 2024 Harland and Wolff's Aim-listed shares have been suspended since July after accounting issues forced it to delay publishing its annual report.
Volvo: Record-breaking year for car maker as UK sales near £2bn August 7, 2024 Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.
Orient Express and Royal Scotsman owner Belmond still in the red despite sales rise August 6, 2024 The UK arm of the company that runs the Venice Simplon-Orient Express increased its sales but saw its pre-tax loss widen during 2023, it has been revealed.