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      City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

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Transport & Infrastructure

  • BT delays public network switchover until 2027 despite ‘increasingly fragile’ old tech

    May 20, 2024

    BT and other operators are in the process of upgrading all of their old analogue phone services on to a fully digital, full-fibre network.

  • Lotus supplier CT Automotive swings to profit

    May 20, 2024

    CT Automotive swung to a full-year profit on Monday amid a recovery in the global automotive market and the re-opening of Chinese markets.

  • Ryanair unveils share buyback as profit soars but O’Leary warns on Boeing slip

    May 20, 2024

    Ryanair profit has risen by over a third to £1.6bn. However, chief executive Michael O'Leary warned issues at Boeing could mean deliveries "slip further."

  • Demand for UK business flights has fallen by nearly a third since 2019

    May 20, 2024

    Business travel demand has fallen by nearly a third in the UK since before the pandemic, according to new research from the New Economics Foundation.

  • China’s BYD nears deal to supply London’s electric double decker buses

    May 19, 2024

    Chinese automaker BYD is closing in on a deal that would see it supply all-electric double decker buses in London.

  • Branson’s back? Virgin Trains looks to show up Avanti in bid for west coast route

    May 19, 2024

    Sir Richard Branson is set to make a return to Britain's railways with a bid to run an open access service on the west coast mainline.

  • Wizz Air set for ‘smooth landing’ despite engine issues and Israel-Gaza disruption

    May 19, 2024

    Wizz Air is set for a smooth landing in its full-year results despite a year hampered by war in the Middle East and supply chain snarl-ups.

  • Boeing shareholders approve chief’s $33m compensation as company faces investigations

    May 18, 2024

    Boeing shareholders approved chief executive officer David Calhoun’s $32.8m (£25.8m) compensation on Friday and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes.

  • Bank Holiday getaways at risk as London Heathrow Airport border staff to strike

    May 17, 2024

    Over 500 Border Force workers at the West London airport's terminals 2, 3, 4 and 5 will down tools, potentially causing massive queues.

  • Firstgroup bids to restore direct London to Rochdale route for the first time since 2000

    May 17, 2024

    FirstGroup said the new route would be electric and battery powered, and operated by brand new trains which will be built in Britain.

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