Business Secretary Vince Cable has warned that the UK’s car industry will not receive any further funding from the Government.
Mr Cable was speaking at a conference in London organised by trade body, the Society of Motor Manufacturers and Traders (SMMT).
However, he said the industry is “incredibly important to the UK economy” and insisted that “we’re [...]
Budget airline Ryanair has today announced it returned to profit for the year to March after reporting its first annual loss a year ago.
The airline unveiled pre-tax profits of €341 million (£289 million) for the year and said it intends to pay a one-off dividend to shareholders totalling €500 million – the first one it [...]
The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales grew by 26.6% in March compared with the same month in 2009, yet again boosted by the Government’s scrappage scheme.
The £400 million initiative, which was launched last May to boost the ailing car industry, paid drivers of cars at least 10 [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp rise in UK car production for the month of February.
Car production surged 62.7% against the same month a year ago and represents the fourth consecutive month that output has seen a year-on-year increase.
The SMMT said there 97,255 cars were produced [...]
The Government-led crackdown on credit card companies is expected to save consumers around £300 million a year.
The crackdown comes after the Government warned credit and store card firms to “clean up their act” after it launched a review of the industry in a consumer White Paper in July 2009.
According to Prime Minister, Gordon Brown, the [...]
According to the International Air Transport Association (IATA), the global airline industry is improving, with both passenger and freight numbers expected to grow this year.
In January, the industry body said 2009 saw the biggest decline in air passenger traffic since the aftermath of World War II.
The global economic downturn had a devastating impact on the [...]