Reeves vows to ‘renew’ Britain as Tories say it’s just ‘borrow and spend’ June 10, 2025 Rachel Reeves is expected to focus on regional growth as she unveils £113bn in capital investment as part of her Spending Review on Wednesday. The Chancellor will outline some of the government’s key priorities and will pledge investment aimed at ensuring “people can see a doctor when they need one, know that they are secure [...]
Firstgroup shurgs off rail nationalisation with open access growth June 10, 2025 Firstgroup shares soared more than eight per cent on Tuesday after the transport giant reported a bumper set of annual results. Profit came in ahead of expectations as management launched a £50m share buyback programme. Shares are now up close to a third this year to date. Also encouraging for investors was “further growth in [...]
London to lose out on major local growth funding in Spending Review June 10, 2025 The London Mayor has doubled down on his crusade against the terms mandated by the Treasury’s Spending Review amid concerns over losing access to local growth funds. London and other English regions could lose access to the £2.6bn UK Shared Prosperity Fund, Growth Hub Funding, and the £4.8bn Levelling-Up Fund. A source close to the [...]
Firstgroup: Profit at Avanti West Coast owner beats expectations June 10, 2025 Transport giant Firstgroup has extended its share buyback program by £50m after annual revenue came in ahead of forecasts. The additional £50m buyback program follows Firstgroup’s return of £92m to shareholders in the 2025 financial year. The group also raised its dividend to 6.5p, up from 5.5p last year. The FTSE 250 company told markets [...]
London ‘left out’ of Reeves’ spending review June 9, 2025 London will find itself low on the chancellor’s agenda in the upcoming spending review, reports suggest. London Mayor Sadiq Khan has been lobbying for extending the DLR to Thamesmead, and the Bakerloo line to Lewisham. However, getting the requisite funding to grow the transport system is looking unlikely. Bringing the Bakerloo line further south is anticipated [...]
London Stansted Airport submits major expansion plans June 9, 2025 London Stansted Airport is seeking permission to increase the number of passengers it handles every year to more than 50m. The transport hub, which is owned by Manchester Airports Group, is hoping to up its annual passenger capacity to nearly 51m over the next two decades. The airport said it is aiming to complete the [...]
Thameslink operator slumps into the red ahead of Elizabeth Line takeover June 9, 2025 The operator of London’s Thameslink and Gatwick Express slumped into the red before taking over the Elizabeth Line, it has been revealed. Go-Ahead has reported a pre-tax loss of $36.9m for 2024, having posted a pre-tax profit of $9.7m for the prior 15 months. However, the group pointed to it making a profit after tax [...]
Spending Review: Biggest winners and losers in transport and infrastructure June 9, 2025 Rachel Reeves is set to unveil billions of pounds of investment this week in the spending review, as she looks to fend off criticism over recent cuts. This has made transport and infrastructure one of the big winners of Wednesday’s official announcement. Some £15bn has already been earmarked for public transport projects outside London in [...]
This is what London needs in the spending review June 9, 2025 We need radical action if we’re going to hit the target of building 88,000 homes a year, more powers for the Mayor and improvements to productivity to get London out of the cycle of spending cuts and tax rises, says John Dickie In less than a week, the Chancellor will fire the starting gun on [...]
Beyoncé London review: the protest vibe feels a bit thin June 6, 2025 Beyoncé London review: there’s no denying that belt, even if the protest aesthetic doesn’t quite work No one can doubt Beyoncé. At least, not in terms of her belt and ability to deliver an incredible show. Give her any piece of music from operatic to country, and as she proved last night in London, she [...]