Reeves to put brakes on Cycle to Work scheme in blow to City November 13, 2025 Chancellor Rachel Reeves could slam the brakes on the Cycle to Work scheme at the upcoming Budget in a blow to City commuters, it has been reported. The Chancellor is expected to cut tax benefits on salary sacrifice schemes, including in the buying of expensive bikes, according to a report in the Financial Times. “Cycle [...]
Full steam ahead for Trainline as it raises its end of year guidance November 5, 2025 London listed ticketing app Trainline has seen its shares rocket after the firm raised its pre-tax profit guidance. Total revenue inched up 2 per cent year by year to £23m from £229m in the first half of the year. Free cash flow hit £79m, while basic earnings per share increased by 54 per cent to [...]
Northern line chaos into fourth day October 23, 2025 Commuters who rely on one of the busiest Tube lines are facing a fourth day of delays and disruption, with Transport for London (TfL) still warning Londoners to “avoid the Northern line”. According to TfL, the problem comes from “a fault with the signalling equipment” around the Stockwell area, in South-West London, but officials are [...]
NetJets: Losses spike at Warren Buffett’s private jet company October 10, 2025 Losses at the UK arm of NetJets, the private jet company owned by Warren Buffett’s Berkshire Hathaway more than doubled during its latest financial year, it has been revealed. The division has posted a pre-tax loss of $11.2m (£8.4m) for 2024, new accounts filed with Companies House show. The total comes after NetJets UK also [...]
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 [...]
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 [...]
Lime boss defends e-bikes amid ‘lime bike leg’ concerns September 27, 2025 Lime has become an unavoidable presence on London’s streets. Its distinctive green e-bikes are now the backbone of the capital’s micro-mobility network, with more than four million unique riders and tens of millions of trips recorded. The company has added 900 new parking bays this year alone as part of a “London Action Plan” designed [...]
The Debate: Lime – a friend or foe to Londoners? September 24, 2025 City AM's Debate column asks the hard questions. Today, are Lime bikes a friend or foe to Londoners. Hear what two impassioned commuters think.
Elizabeth Line operator doubles profit before contract loss September 23, 2025 Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened. However, the [...]
Lime boss calls on UK businesses to ‘keep bikes off busy pavements’ September 22, 2025 Lime is calling on UK businesses to help tackle London’s e-bike congestion and the patchwork of borough regulations by providing dedicated parking bays for riders. The bright green bikes have become a symbol of London’s fractured cycling landscape. Yet, under the company’s ‘London action plan’, the micromobility giant claims firms could play a direct role [...]