Porsche: UK revenue in £300m reverse as car sales slashed October 8, 2025 Revenue at the UK division of Porsche was cut by more than £300m in 2024 as it sold 4,000 fewer luxury cars. New accounts filed with Companies House have revealed the UK arm’s revenue fell from £1.92bn to £1.62bn during its latest financial year. Over the same period, its pre-tax profit also declined from £44.6m [...]
Lime bikes: UK sales spike as expansion continues October 7, 2025 Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed. Lime Technology has reported a turnover of £111.3m for 2024, according to new accounts filed with Companies House. The total is up significantly from the £63.5m it achieved in 2023. However, the latest [...]
LEVC: London electric taxi company loses £180m October 7, 2025 LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
London City Airport’s profit has almost doubled October 6, 2025 Profit at London City Airport almost doubled in 2024 thanks to a rise in passenger numbers, it has been revealed. For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m. New accounts filed with Companies House also show its turnover rose from £102.6m to £115m. Passenger traffic increased by 4.6 per [...]
Tariffs and economic pressure drive slowdown at Aston Martin October 6, 2025 Aston Martin has blamed a combination of economic challenges and the ongoing impact of tariffs as it warned sales will fall year on year. The luxury carmaker delivered fewer cars than expected in the third quarter of 2025, at 1,430 wholesale units versus 1,641 in the third quarter of 2024. It attributed the fall to [...]
London Luton Airport: Profit more than doubles ahead of expansion October 3, 2025 Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]
Tesla breaks sales record but European slump persists October 2, 2025 Tesla delivered nearly half a million vehicles in the third quarter, a record for the electric carmaker, even as it continued to lose ground in Europe to Chinese and European rivals. Elon Musk’s car giant exported 497,099 vehicles between July and September 2025, up 29 per cent on the previous quarter and seven per cent [...]
Jaguar Land Rover to restart some production ‘in coming days’ September 29, 2025 Jaguar Land Rover will restart some of its manufacturing operations in the coming days, the carmaker has said, over a month after it was forced to shut down its plant to deal with a brutal cyber attack that has left dozens of its suppliers on the brink of failure. In a statement released on Monday, [...]
Labour planning rescue for Jaguar Land Rover after cyber attack September 27, 2025 The Labour government is set to announce an emergency rescue package for Jaguar Land Rover as soon as this weekend after the firm was driven into chaos following a cyber attack. Business secretary Peter Kyle has been in “intense conversations” with JLR and its parent company Tata after fears the knock-on effect of the hack [...]
The growing cost of cyber attacks: Why cyber insurance matters September 26, 2025 This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage. Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend [...]