Luxury vehicle manufacturer Aston Martin has laid off 170 staff as part of a cost-saving measure following a tough year of slumping sales and increasing losses. The UK car giant, based in Gaydon, Warwickshire, has been hit by supply chain issues and production hold-ups, resulting in a decline in car deliveries across 2023. The firm, …
Heathrow Airport is in talks with a number of airlines, including British Airways, as part of a once-a-decade review of its terminal assignments. The move could result in some carriers being forced to relocate from their established bases, representing a major change in operations at London's busiest airport. Sources say Heathrow has started talks with …
In a policy reversal, the European Union is to exempt most companies from the requirement to publish environmental impact reports, a big reversal of its sustainability reporting legislation. The action, intended to cut red tape for businesses, is part of the European Commission's overall approach to streamlining rules. The Commission on Wednesday revealed that 80 …
Technicolor, the iconic name in visual effects (VFX), has formally gone into administration in the UK, bringing an end to an era for a company that has been instrumental in creating cinematic history. From Disney's hand-drawn masterpiece Pinocchio in 1940 to the eagerly awaited Mufasa: The Lion King in 2024, Technicolor has left an indelible …
Tesla's European sales plummeted last month, with data revealing almost a 50% plunge from the corresponding period a year ago. The slump follows an escalating controversy involving CEO Elon Musk, who has been increasingly immersed in political discussion on both continents. According to data from the European Automobile Manufacturers’ Association (ACEA), Tesla managed to sell …
Tesla, the electric vehicle (EV) giant led by Elon Musk, has been making waves globally for over a decade. From revolutionizing the auto industry with sleek, high-performance electric cars to pushing the boundaries of renewable energy, Tesla has become synonymous with innovation. Now, with its much-anticipated entry into India—the world’s most populous country—Tesla is poised …
Octopus Energy is urging thousands of its customers to think about investing as little as £25 in its new initiative, "The Collective." Its new investment platform has already been a huge success, with the first two renewable energy schemes selling out in less than a week after opening. This initial success has since been followed …
St Austell residents in Cornwall are becoming increasingly worried about the future of the town, as businesses continue to close and shoppers steer clear. The latest blow is the closure of New Look in a month's time, as more retail chains pull out of the high street. With more than 360 of its UK shops …
Shein, the internet fast-fashion behemoth, recorded its net profit slide by as much as 40% in 2024, posing a new challenge before its much-awaited listing on the London Stock Exchange. The net earnings of the company dropped to around $1 billion, sources familiar with the situation told the Financial Times. Even as the profit fell, …
A tiny Northumberland village has fought off a bid to bring in more holiday lets, the second time that a similar plan has been rejected. Residents of Dunstan, a village near the coast, are rejoicing after the local council refused an application for two new holiday cottages. The plan, by hotelier Janet Stansfield, was for …
BMW Group has placed a temporary hold on its ambitious £600m investment in the Mini factory outside Oxford because of declining consumer demand for electric cars. The German carmaker, which acquired Mini in 2000, first announced the upgrade in 2023, to convert the Cowley plant into an electric Mini production center. The investment, supported by …
Aldi, the popular discount supermarket chain, has fallen to third position in the most recent lists of the UK's top supermarkets. Even though it was declared the cheapest supermarket earlier this year, it was beaten by two of its biggest rivals in a survey by consumer group Which?. The research collected data from more than …
St Pancras is looking to expand its international rail services, with potential new direct routes connecting London to major cities in Germany, Switzerland, and France. These plans aim to significantly boost passenger capacity and offer travelers more alternatives to short-haul flights. London St Pancras Highspeed, the company that owns and operates the railway infrastructure between …
The UK saw a steeper-than-projected rise in inflation at the start of the year, adding more strain to domestic budgets and making an early interest rate cut less likely. This hike has prompted concern among policymakers and the general public, with rising living expenses still testing economic stability. The Consumer Prices Index (CPI) rose to …
