Elizabeth Line operator doubles profit before contract loss September 23, 2025 Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened. However, the [...]
Patrick McLoughlin to leave northern transport role September 12, 2025 Former Cabinet minister Patrick McLoughlin is to step back from his role at a key transport group for the North of England. McLoughlin is stepping down as chair of Transport for the North (TfN)’s board, with his last meeting to be held in Darlington next Monday. He was transport secretary under David Cameron and served [...]
LNER passenger data accessed in cyber attack September 10, 2025 Train operator LNER has revealed passenger contact details and some information about past journeys have been accessed in a cyber attack. The government-owned firm, which operates services on the East Coast main line between London and Scotland, said the breach involved files managed by a third-party supplier. In a statement, LNER said that “no bank, [...]
Balfour Beatty receives profit boost from government contracts August 13, 2025 Infrastructure group Balfour Beatty recorded a jump in profit for the first half of the year after a bumper performance in its UK construction. The London-listed firm posted a £20m rise in pre-tax profit for the first six months of the year to £132m, up from £112m last year. It came as the business’ UK [...]
Alstom: Profit slashed at London Underground trains maker August 12, 2025 Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
Forest’s Hounslow e-bike contract win sparks concerns over cash-first tender model July 31, 2025 Hounslow Council awarded one of its two e-bike contracts to the operator which offered them the highest fees despite scoring demonstrably lower than rivals on other metrics, CityAM can reveal. The move, which has attracted fury from rival operators, lays bare the competing interests of cash-strapped local authorities as they weigh which criteria to prioritise [...]
Auto Trader: Brits turn to older cars amid ‘economic uncertainty’ July 29, 2025 Brits are turning their backs on new cars choosing to buy more older models amid “ongoing economic uncertainty”, according to FTSE 100 giant Auto Trader. The Manchester-headquartered company said a “standout trend” of 2025 so far is the “growing appetite for affordable used cars”, particularly those aged between five and 10 years old. Auto Trader has [...]
LNER revenue passes £1bn as cancellations cut July 28, 2025 LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year. The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to 31 March, [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
Roadchef: M25 and M1 delays force motorway services to a loss July 21, 2025 Significant disruption on the M25 and M1 forced motorway service station chain Roadchef into the red in 2024, it has been revealed. The Staffordshire-headquartered group, which operates a 30-strong network of motorway service stations, has posted a pre-tax loss of £5.9m for its latest financial year. The total comes after the business achieved a pre-tax [...]