Gatwick: Boss of worst airport for flight delays promoted May 30, 2025 London Gatwick Airport has named a new top boss after its long-serving chief executive was promoted to a newly created position. Stewart Wingate has served as the airport’s CEO for the last 15 years but has now been named as managing director, UK airports, for Vinci Airports and Global Infrastructure Partners. Vinci Airports owns a [...]
Aircraft orders plummet amid US tariff uncertainty May 30, 2025 Commercial aircraft orders plummeted last month as Donald Trump’s tariffs piled pressure on the aerospace industry. There were 19 aircraft orders in April, a 75 per cent year-on-year decline and the lowest for the month since the pandemic. The latest data from ADS, the UK trade association, is the first reported since the introduction of [...]
Trainline: CEO’s pay more than doubles as profit jumps May 29, 2025 Trainline has more than doubled the pay packet of its chief executive after its profit surged during its latest financial year, it has been revealed. Jody Ford has taken home £5.6m, having been remunerated to the tune of £2.4m for the prior 12 months. According to Trainline’s annual report, Ford’s pay packet was significantly boosted [...]
Easyjet is ‘significantly undervalued,’ says Peel Hunt May 29, 2025 Easyjet shares edged up on Thursday alongside a bullish earnings outlook from Peel Hunt for the year ahead. “We believe Easyjet is significantly undervalued,” analysts at Peel Hunt said in a note, with shares rising around 2.8 per cent by mid-morning. Sustained travel demand has underpinned the budget airline’s growth and is yet to tail [...]
Auto Trader: FTSE 100 giant passes major milestone as profit jumps May 29, 2025 Sales at FTSE 100 giant Auto Trader have accelerated past a major milestone as its profit increased during its latest financial year as it defied a year of high interest rates and economic uncertainty. The Manchester-headquartered group has posted a revenue of £601.1m for the 12 months to 31 March, 2025, according to new figures [...]
Heathrow ‘responded well’ to power outage despite sleeping CEO, report says May 28, 2025 Heathrow Airport “responded well” to the power outage incident in March despite its chief executive sleeping through a key decision on whether to stop operations, an internal review, commissioned by the airport, found. More than 200,000 passengers around the world faced disruption as Heathrow opted to stop operations following a fire at the nearby North [...]
Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty May 28, 2025 The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]
Stellantis: Vauxhall owner picks former Jeep boss as chief executive May 28, 2025 Stellantis has picked 25-year veteran Antonio Filosa as its new chief executive amid an ongoing turnaround effort that was given fresh urgency by President Donald Trump’s shock tariff announcement. Filosa, who is currently Stellantis’s chief operating officer for the Americas, will take the top job on 23 June following a unanimous verdict by the board. [...]
Thames Water slapped with historic £123m fine from Ofwat May 28, 2025 Thames Water will receive a historic £123m fine from the water regulator over rule breaches tied to its wastewater operations and dividend payouts. Ofwat confirmed a final decision on Tuesday following two of its “biggest and most complex” investigations into the beleaguered utility’s operations. Thames Water and its shareholders will pay a £104.5m penalty for [...]
Vertical Aerospace: Flying e-taxi firm makes history with cross-country flight May 27, 2025 A Bristol-based firm pioneering the development of flying electric taxis has made European aviation history after successfully piloting a flight across the UK countryside. Vertical Aerospace’s VX4 prototype performed its first “wingborne” flight last week, soaring over the Cotswolds before landing like a conventional aircraft at a nearby airport. It marks a significant milestone on [...]