London City Airport back in the black after losing almost £100m October 7, 2024 London City Airport returned to the black for the first time since the Covid-19 pandemic as passenger numbers continued to recover. The hub has reported a pre-tax profit of £6.6m for 2023, according to newly-filed accounts with Companies House, having made a loss of £1.1m in the prior 12 months. London City Airport had last [...]
Ringgo: Sales and profit rise as motorists ditch cash to pay for parking September 30, 2024 The number of motorists using pay by phone parking service Ringgo passing 10m helped both its sales and profit increase during its latest financial year. The Basingstoke-headquartered business has reported a turnover of £29.9m for 2023, up from the £25.8m it achieved in 2022. Newly-filed accounts with Companies House also show the firm’s pre-tax profit [...]
M6 Toll owner rakes in the profit after price rises September 13, 2024 Profit at the company behind the M6 Toll road accelerated to almost £30m thanks in part to prices being raised in 2023, it has been revealed.
Heathrow: Passenger numbers soar as boss hails ‘busiest summer’ September 11, 2024 Heathrow Airport has reported a fourth consecutive month of record-breaking passenger traffic in what has proved one of the UK’s busiest ever summers for travel demand. Some 8m travellers passed through in August, up 5.5 per cent year-on-year and bringing the West London hub’s rolling 12 month total to 82.6m. Heathrow said it was “on [...]
The Notebook: Is Wapping the best place in London? September 11, 2024 With its cobbled streets, unspoiled apartment blocks and tall warehouse conversions with painted shutters, Wapping is a vision of a Victorian past.
Transport for London selects Global and JCDecaux to run ad estate September 10, 2024 Transport for London (TfL) has selected Global and JCDeacux to run its lucrative advertising estate, following a hotly-contested tendering process. Global continues its stint managing advertising sites on the Tube, London Overground, DLR, Tram and across the Elizabeth Line. JCDecaux, the French multinational ad corporation, will manage advertising at more than 4,700 bus shelters across [...]
HS2: Construction of Britain’s longest railway bridge completed near London September 5, 2024 High Speed Two (HS2) has completed the construction of the longest railway bridge in Britain to the north west of London. The final deck segment of the 2.1-mile long viaduct, crossing the Colne Valley in Buckinghamshire, was fixed into place on Thursday by HS2 engineers. The new bridge breaks a 140-year record held by the [...]
Fresh calls to fund TfL as more busted London Underground trains taken out of service September 4, 2024 City groups have launched fresh calls for a long-term Transport for London (TfL) funding deal, after new data revealed a more than doubling in the rate faulty London Underground trains are being taken out of service. Data obtained via a Freedom of Information request shows the out of service rate across the London Underground, which [...]
Ryanair and Wizz Air smash passenger records as summer travel demand booms September 3, 2024 Low-cost rivals Ryanair and Wizz Air reported record passenger numbers in August as travel demand booms in the peak summer period.
Bolt: Uber rival doubles UK sales as it surges into the black September 2, 2024 The UK arm of online taxi firm Bolt more than doubled its turnover as it surged into the black, it has been revealed. The company has reported a turnover of £520m for 2023, according to newly-filed accounts with Companies House, up from £237.8m. It has also posted a pre-tax profit of £8.2m for the 12 [...]