Breaking News
Government seeks buyer for Eurostar
The UK government is seeking buyers for its 40% stake in the cross-Channel passenger train operator Eurostar to help boost the public finances.
Consortium buys British train leasing company Porterbrook
A consortium of infrastructure investors, including the alternative investment arm of German insurance group Allianz (ALVG.DE), has taken over British rolling stock leasing company Porterbrook Rail Finance [PTKRL.UL].
Monday, 13 October 2014
BBC News
- Government seeks buyer for EurostarThe UK government is seeking buyers for its 40% stake in the cross-Channel passenger train operator Eurostar to help boost the public finances.
Financial Times
- UK train rolling stock owner sold offPorterbrook manages 5,900 passenger and freight units
- TransPennine struggles to seat passengersShortage of diesel trains on overcrowded routes
- Osborne aims for pre-poll sale of EurostarChancellor hopes to raise sum in low hundreds of millions to help lower public debt
Times Online
- Foreign buyers hitch wagon to Porterbrook [Subscription]One third of trains change hands as rolling stock continues to lure buyers two decades after privatisation
Reuters News
- Consortium buys British train leasing company PorterbrookA consortium of infrastructure investors, including the alternative investment arm of German insurance group Allianz (ALVG.DE), has taken over British rolling stock leasing company Porterbrook Rail Finance [PTKRL.UL].
Daily Express
- Osborne to signal start of Eurostar saleGEORGE Osborne was due today to fire the starting gun on the sale of Britain’s stake in Eurostar.
The Mirror
- Tories anti-British rail as new survey reveals three quarters of private rail contracts are owned by foreign statesThe vast majority of contracts are owned by France, Germany and Netherlands, and Labour are this week set to call for an inquiry to tackle the problem
Birmingham Post
- Giant Birmingham site for HS2 College developmentA 3.3-acre site – the size of two football pitches – is being cleared at Ashted Lock on Birmingham Science Park Aston
Bradford Telegraph & Argus
- Council leader lobbies for Bradford benefits to HS2 project THE leader of Bradford Council has met with HS2 bosses to lobby for local rail improvements to be included in the Ł46 billion scheme.
Wolverhampton Express and Star
- Disruption on Staffordshire and Walsall trains as work starts on rail trackRail track between Staffordshire and Walsall will have to be lowered as part of the multi-million pound electrification of the Chase Line, leading to disruption for train commuters.
Yorkshire Post
- Ministers criticised over foreign running of British rail servicesA TRADE union has called on MPs to hold an inquiry into the role of foreign companies in UK railways after producing figures showing three-quarters of rail franchises are now operated by overseas firms.
Other Regional Press
- Coventry MP speaks out during HS2 impact visit to Warwickshire Jim Cunningham MP raises concerns over compensation and the environmental impact on city
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