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Transport and infrastructure

  • Hercules PLC looks to strategic expansion after strong first half

    Partner

    Hercules Site Services PLC, the innovative tech-enabled labour supplier for the UK infrastructure and construction sectors, has announced robust half-year results, trading in line with expectations. The second half is building momentum and will be underpinned by strategic acquisitions and a bold move into the power and energy sector.  For the six months of FY2025, [...]

  • Jaguar Land Rover to axe 500 management jobs

    Business

    Jaguar Land Rover is to axe up to 500 management jobs in the UK through a voluntary redundancy programme. The automotive giant said that around 1.5 per cent of its UK workforce would be impacted by the job cuts. A spokesperson for the Tata-owned firm said: “As part of normal business practice, we regularly offer [...]

  • Electric vehicle grants return, but most buyers will miss out

    Tech

    The UK government has reintroduced grants for electric vehicles (EVs) in a bid to boost lagging consumer demand, but industry insiders warn that most buyers may be left behind. Unveiled late last week, the new electric car grant will offer up to £3,750 off the price of a new EV, targeting models priced under £37,000 [...]

  • Lloyds Bank-owned firm slumps into the red after huge profits

    July 15, 2025

    Lex Autolease, the car leasing company owned by Lloyds Bank, has fallen into the red two years after posting a profit of more than £500m. The firm, which is headquartered in London, has reported a pre-tax loss of £10.6m for 2024, according to new accounts filed with Companies House. The total comes after the business achieved [...]

  • ‘At least a decade’ to turn Thames Water around, CEO says amid £1.6bn loss

    July 15, 2025

    The boss of Thames Water has said it will take “at least a decade” to turn the company around as it posted a loss of £1.6bn. The loss for the year to end March compares to a small profit of £157m the prior year and comes despite an 8.7 per cent rise in turnover during [...]

  • Wizz Air to pull out of Abu Dhabi and cancels all flights

    July 14, 2025

    Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]

  • Virgin Atlantic and British Airways owner’s fury at Heathrow charge hike

    July 11, 2025

    Plans for a fresh landing charge hike at Heathrow Airport have triggered fury from its largest airline stakeholders, British Airways and Virgin Atlantic. The UK’s biggest airport on Friday announced its intention to hike the levy it charges airlines for using its runways by 17 per cent, a move that will likely push up ticket [...]

  • BA Cityflyer: Profit almost doubles at London City Airport carrier

    July 11, 2025

    Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]

  • Heathrow: Third runway car park plans more costly than entire Gatwick expansion

    July 11, 2025

    Upheaving Heathrow Airport’s car parks as part of plans for a third runway would cost more than the entire expansion of its closest rival Gatwick, leaked documents that reveal the magnitude of financing the controversial project show. The UK’s biggest airport plans to replace most, if not all, of its existing car parks to build [...]

  • 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 [...]

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