How will Reeves’ Budget impact London transport and TfL? November 4, 2024 Debate over Rachel Reeves' first budget has dominated the media. How will it impact Londoners looking to get around the capital?
Autumn Budget 2024: Train fares and price of railcards to rise October 30, 2024 The price of a train fare in England is to rise by up to 4.6 per cent in 2025, it has been announced. A Budget document published by the Treasury also revealed that the price of most railcards will also increase by £5. The increase in fares is one percentage point above July’s Retail Prices [...]
Autumn Budget 2024: Major HS2 and train route updates unveiled October 30, 2024 Chancellor Rachel Reeves has revealed in her first Budget that the Transpennine upgrade to connect York, Leeds, Huddersfield and Manchester will be secured under the new Labour government. Reeves said the money would deliver “fully electric local and regional services between Manchester and Stalybridge by the end of this year, with a further electrification of [...]
Autumn Budget 2024: Fuel duty frozen as hike would be the ‘wrong choice’ October 30, 2024 Chancellor Rachel Reeves has declared a rise in fuel duty in 2025 would be the “wrong choice” as she pledged to continue the freeze and maintain the temporary 5p cut for another year. In her first Budget, Reeves told MPs that to retain the 5p cut and freeze fuel duty again would cost more than [...]
How Network Rail is planning to stop the ‘Euston rush’ October 29, 2024 A plan to reduce the number of passengers rushing to platforms at Euston station in London has been revealed by Network Rail. The Government-owned company is to allow passengers travelling on around 40 per cent of Avanti West Coast services from the London station to board trains 20 minutes before departure. Network Rail said this [...]
Lookers in the red after £504m take-private deal October 28, 2024 Car dealership giant Lookers slumped into the red in the year it was taken private in a deal worth more than £500m. The Cheshire-headquartered business has reported a pre-tax loss of £5m for 2023, having posted a pre-tax profit of £73.9m in 2022. The loss comes as newly-filed accounts with Companies House show Lookers’ revenue [...]
AA: More customers helps profit surge at breakdown giant October 16, 2024 A growing customer base has helped boost profit at the AA after a US investor took a £450m stake in the motoring group. The breakdown giant has posted a pre-tax profit of £39m for the six months to the end of July 2024, up 70 per cent compared to the same period in 2023. The [...]
Birmingham Airport to finally shake off demise of Thomas Cook and Flybe October 10, 2024 Birmingham Airport has said it is finally set to shake off the demise of Thomas Cook and Flybe as well as the impact of the Covid-19 pandemic. The transport hub increased its passenger numbers to 98 per cent of pre-pandemic levels in 2023, up from 86 per cent in 2022, and is now forecasting it [...]
Uber Boat by Thames Clippers returns to profit October 10, 2024 The company behind Uber Boat by Thames Clippers in London, returned to profit in 2023, it has been revealed. Collins River Enterprises has reported a pre-tax profit of £5.4m for the 12 months, having made a pre-tax loss of £4m in 2022. It is the first time that the business has reported a pre-tax profit [...]
Honda in the red despite ‘fun’ motorcycles helping to boost European sales by £1bn October 8, 2024 The increasing popularity of ‘fun’ motorcycles helping to boost Honda’s European sales by almost £1bn failed to stop the brand falling into the red during its latest financial year. The Berkshire-headquartered European division achieved a revenue of £4.498bn for the year to 31 March, 2024, up from the £3.523bn it reported for the prior 12 [...]