Heathrow hits record 60m passengers but profits fall on security costs October 26, 2018 Heathrow Airport served a record 60.5m passengers in the first nine months of 2018 but suffered a drop in profit on increased security costs. Pre-tax profit fell 7.4 per cent in the nine months to 30 September to £212m from £229m. Revenue climbed 2.3 per cent to £2.211bn, however operational charges increased with investments to [...]
National Rail’s new 26-30 railcard will go on sale nationwide before the end of the year October 26, 2018 Rail companies have come together to produce a railcard for 26 to 30-year-olds, which will be officially rolled out by the end of the year after a successful trial period. More than 4m people in the UK fall into that age group, which will now be eligible to purchase a 26-30 railcard. Just like the 16-25 railcard, [...]
British Airways owner IAG glides over profit expectations for quarter October 26, 2018 British Airways owner the International Consolidated Airlines Group (IAG) said today it had increased its profit for the quarter to €1.46bn (£1.3bn) up from €1.45bn last year. The results beat the company compiled consensus figures of €1.43bn. Operating profit for the nine month period was €2.575bn a 7.3 per cent increase on €2.4bn last year. IAG [...]
Tesla share price gets into gear after company shows profit in third quarter October 25, 2018 Shares in Tesla have shot up 7.5 per cent today after the company moved into the black in its third quarter results. The carmaker last night said it had turned a $619m (£241m) loss into a profit of $311m in the last three months. Revenue reached $6.82bn, smashing estimates from Refinitiv of $6.33bn. The results will [...]
British Airways reveals a further 185,000 users affected in fresh data hack October 25, 2018 British Airways owner International Airlines Group today said an investigation into September's data breach has revealed a further 185,000 users had been affected in an earlier hack on its website. An internal investigation uncovered a second hack which showed the financial details of another 77,000 payment cards were potentially compromised, including their card number, expiry date [...]
Tesla’s new Model 3 to hit British roads in the middle of next year, Elon Musk says October 25, 2018 Tesla will bring its new lower-cost, mid-range Model 3 car to the UK in mid-2019, chief executive Elon Musk said this morning. The car, which was launched last week, will also reach Australia at around the same time, Musk said on Twitter. Around mid 2019 — Elon Musk (@elonmusk) October 25, 2018 Same — Elon Musk [...]
Jaguar Land Rover to make 100,000 cars in new Slovakia plant within two years October 25, 2018 Carmaker Jaguar Land Rover will be producing 100,000 cars a year in its new Slovakia plant by 2020, factory boss Alexander Wortberg said at the opening today. The €1.4bn plant (£1.2bn) is taking over production of the company’s Discovery model and has the capacity to make 150,000 vehicles annually. Read more: Jaguar Land Rover to shut Solihull [...]
Daimler profits fall in “very challenging environment” for automotive industry October 25, 2018 German car maker Daimler reported that profits and revenue dropped sharply in the third quarter due to the “challenging environment” facing the automotive industry. The Mercedes-Benz owner reported a net profit of €1.8bn (€1.59bn) in the third quarter of the year, down from €2.2bn in the same period in 2017. Its earnings before interest and [...]
Go for growth and pursue the untapped potential of Crossrail October 25, 2018 You may have watched Stanley Kubrick’s 1987 film Full Metal Jacket, but it’s unlikely that you realised that much of the depiction of war-torn Vietnam was actually filmed on location in south east England. Beckton gasworks, less than a mile from London City Airport, was used as the set for the Vietnamese city of Hue, [...]
Flying high: Boeing sets sights on record-breaking year October 24, 2018 Shares in Boeing rose today as the company said it was on track to deliver a record year of plane sales. It also revised its full-year core earnings forecast to between $14.90 and $15.10 per share, a four per cent increase. Read more: Boeing braced for tariff rises as US-China trade war continues Revenues rose [...]
