Lime bikes: UK sales spike as expansion continues Transport and infrastructure 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 [...]
Elizabeth Line operator doubles profit before contract loss Transport and infrastructure 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 [...]
LNER passenger data accessed in cyber attack Transport and infrastructure Train operator LNER has revealed passenger contact details and some information about past journeys have been accessed in a cyber attack. The government-owned firm, which operates services on the East Coast main line between London and Scotland, said the breach involved files managed by a third-party supplier. In a statement, LNER said that “no bank, [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
Norton Motorcycles: Losses pass £100m after rescue as global expansion eyed July 9, 2025 Losses at Norton Motorcycles have passed the £100m mark since it was rescued out of administration five years ago. The Solihull-headquartered business was saved by TVS Motor Company in April 2020 for a reported £16m after having collapsed into administration a few months earlier. New accounts filed with Companies House have now revealed the iconic [...]
Eurostar ramps up plans to double capacity at London St Pancras July 3, 2025 Eurostar has outlined proposals to double capacity at London St Pancras as it looks to tap growing demand for international rail travel. The cross-channel operator has penned a preliminary deal with London St Pancras Highspeed, formerly HS1, aimed at future proofing the popular hub against overcrowding. A three-part plan includes improving the international area of [...]
Eurostar to launch direct services from London to Frankfurt and Geneva June 10, 2025 Eurostar has announced plans to launch direct services from London to Germany and Switzerland for the first time. The cross-channel operator is looking to purchase 50 new trains at a cost of £1.7bn to service the routes, which are expected to run from the “early 2030s”. Journey times are expected to last around five hours [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Trainline on track for European expansion as state-backed rival nears January 28, 2025 The boss of Trainline has outlined his European expansion plans as the online ticket giant faces government-backed competition at home.
British wine industry calls on Eurostar to bring back Kent services January 22, 2025 Britain’s wine industry has called for Eurostar to restart services from two Kent stations to boost the South East of England’s vineyards. The high-speed operator suspended operations from Ashford International and Ebbsfleet in the early stages of the pandemic. But it has faced mounting pressure to bring back the popular routes over the last year [...]