Landsec sells government office building to hotel giant August 18, 2025 A Westminster building owned by property giant Landsec, which has played host to major government offices, has been sold to a group bidding to lead Heathrow Airport’s expansion plans. The sale of Queen Anne’s Mansions, located in SW1, by Landsec marks a major step in the property firm’s ambition to sell off £2bn of its [...]
Laing O’Rourke: Heathrow Terminal Five builder doubles profit August 4, 2025 Laing O’Rourke, the construction giant behind Heathrow’s Terminal Five, more than doubled its profit during its latest financial year. The business has posted a pre-tax profit of £41.5m for the 12 months to 31 March, 2025, up from the £18.1m it reported for the prior year. The profit comes after Laing O’Rourke lost £288m in [...]
Heathrow closure cost British Airways owner £40m August 1, 2025 The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
Heathrow tables third runway bid August 1, 2025 Heathrow’s top brass have tabled their proposal to manage the hub’s long-awaited third runway expansion in a bidding process that will pit it against a rival operator for the first time in the airport’s history. Officials from the airport confirmed had submitted “shovel-ready” plans for a privately financed runway ahead of the Department for Transport’s [...]
Hotel billionaire launches shock bid to run Heathrow expansion July 31, 2025 The race to manage Heathrow’s multibillion-pound third runway expansion has been thrown wide open after a rival suitor confirmed it will submit a proposal to go up against an expected bid from the airport’s current operators. The Arora Group, a hotel chain with 13 hotels in transport hubs across London and the South East, confirmed [...]
Heathrow: Earnings jump despite cost warnings July 23, 2025 Heathrow Airport’s earnings before interest, taxes, depreciation and amortisation (EBITDA) edged up by 0.8 per cent in the first half of the year compared to the first six months of 2024 despite fears energy bills and maintenance costs would deal a blow to its growth. The airport previously predicted a hit to its earnings, warning [...]
Infrastructure capital trusts can help boost UK growth July 14, 2025 To plug the UK’s infrastructure funding gap, a new VCT-style ‘infrastructure capital trust’ could unlock billions in retail investment for crucial local projects, says Bernard Fairman An “encouraging” 0.1% improvement in growth forecasts might, if the Chancellor is right, indicate a more fruitful economic spell for the UK. This sounds optimistic. Sustained growth in this [...]
Heathrow: Third runway car park plans more costly than entire Gatwick expansion July 11, 2025 Upheaving Heathrow Airport’s car parks as part of plans for a third runway would cost more than the entire expansion of its closest rival Gatwick, leaked documents that reveal the magnitude of financing the controversial project show. The UK’s biggest airport plans to replace most, if not all, of its existing car parks to build [...]
Does anyone come out clean from Heathrow Airport power outage? July 2, 2025 Who comes out clean from the chaos that engulfed Heathrow Airport in March? Today’s revelations from the NESO report were damning for National Grid, the operator of the North Hyde substation that burst into flames, leading to a 16-hour power outage at the UK’s biggest airport. There had been back and forth for weeks between [...]
Heathrow eyes earnings crunch as national insurance hike weighs June 27, 2025 London Heathrow airport expects its earnings for 2025 to take a hit as it weighs the cost of Labour’s hike to employer’s national insurance contributions. The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by three per cent to near £1.98bn over the year due to higher operating costs brought on [...]