WATCH: RNLI’s Tower lifeboats called out from new London station for the first time May 4, 2023 London’s busiest lifeboat rescue crew sprung into action from its new Waterloo Bridge home for the first time this week. The Tower team of the Royal National Lifeboat Institution (RNLI) launched from its newly-created multimillion pound station , after the dilapidated old one was towed away in January. Its previous station, which had parts of [...]
Electric cars running out of charge as sales forecast downgraded May 4, 2023 Electric vehicle (EV) sales forecasts have been lowered despite nine consecutive months of growth in the UK car market, as concerns build over inadequate charging infrastructure in the UK. According to the Society of Motor Manufacturers and Traders’ (SMMT) forecasts, 22.6 per cent of new car registrations will now be battery electric vehicles (BEVs) by [...]
Volkswagen profits hit by drop in Chinese sales as rivals gain a foothold May 4, 2023 Volkswagen (VW) profits fell 30 per cent in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German car maker is facing increasing competition from homegrown models. After-tax profit fell to 4.7 billion euros (£4.1bn) from 6.7 billion euros (£5.9bn) in the [...]
Maersk takes big revenue hit as pandemic-era bonanza ends May 4, 2023 Shipping giant Maersk reported a significant revenue drop of 26 per cent today, down from $19.3bn (£15.4bn) to $14.2bn (£11.31bn) year on year, as the freight and shipping sector saw demand fall sharply. The Copenhagen-based group said profitability for the quarter was “significantly lower” compared to last year, amid low demand and challenging economic circumstances. [...]
BMW: Revenue jumps despite sales dip amid ‘persistently volatile conditions’ May 4, 2023 BMW Group's reported a healthy increase in quarterly revenue today as past price hikes helped the firm weather a dip in sales amid “persistently volatile conditions.”
Trainline shrugs off UK strikes with £4.3bn in ticket sales as continental success keeps it on right track May 4, 2023 Trainline reported bumper ticket sales of £4.3bn for the last 12 months, up 72 per cent year on year and 16 per cent higher than pre-Covid. The London-listed seller saw revenues of £327m, up 74 per cent from last year, citing surging ticket sales in the UK and on the continent especially as a key [...]
Porsche sees jump in profit and sales as luxury brands float above recession fears May 3, 2023 Porsche, the German-based car manufacturer, reported a 25 per cent jump in its profit this quarter as luxury car demand remains unperturbed amid a gloomy global economy. The luxury car marque saw its operating profit jump 25.4 per cent to €1.8bn (£1.59bn), beating analysts’ predictions, while sales rose 25.5 per cent in the first quarter [...]
Coronation: Flight restrictions to be imposed over central London May 3, 2023 Flight restrictions affecting light aircraft and drones will be imposed above central London on Friday and Saturday due to the coronation. Transport Secretary Mark Harper has banned aircraft from flying below 2,500 feet in an area which includes Buckingham Palace and Westminster Abbey “on advice from the Metropolitan Police Service”, according to a notice to [...]
Addison Lee overcomes taxi driver shortage to double profit May 3, 2023 Addison Lee, the British taxi hire company, more than doubled its profits last year as passenger demand returned and driver shortages eased after the Covid-19 pandemic. Adjusted pre-tax earnings climbed to £19.1m, up from £7.9m last year, while passenger revenue jumped 33 per cent on last year, the firm said announcing its annual results today. [...]
Stellantis revenue jumps 14 per cent as it outlines plan for more electric cars May 3, 2023 Stellantis, the owner of Peugeot and Fiat, saw net revenue climb to €47.2bn (£41.6bn), up 14 per cent compared to the first quarter of last year, the firm said today. The increase was partly driven by a 22 per cent increase in electric vehicle sales globally. In Europe, orders were up six per cent, which [...]