Breaking News

National Express collects fresh £688m CVC bid

A consortium led by CVC Capital Partners has tabled an improved bid for National Express worth £688 million as the embattled transport company confirmed today that it was considering a cash call estimated at £350 million.

Campaign for third runway told not to repeat misleading advert

Campaigners for a third runway at Heathrow have been found to have misled the public over its impact on noise and pollution

200mph link to North will make 2.8m switch from air, say rail chiefs

Plans unveiled for a 200mph railway that will cut journey time between London and Manchester to little over one hour

Thursday, 27 August 2009

BBC News

Financial Times

  • Berlin could rescue Opel under GMA future German government may be willing to finance a restructuring of Opel under the ownership of General Motors if the sale of GM™s German arm to Magna, the Canadian supplier, falls through, the Financial Times has learnt
  • Plan for 200mph UK rail link unveiledNetwork Rail laid out a vision for a high-speed rail link from London to Scotland via Manchester, but admitted it did not know how the scheme would be funded or when it wouldmight be built
  • National Express considers rights issueThe troubled bus and train operator has canvassed shareholders on whether they want a £350m equity raising or prefer to pursue a takeover proposal from the Cosmen family-led consortium

The Guardian

  • Market Forces breaking news: Takeover offer for National Express hiked CVC has increased its bid for the bus and train operator, on a day when Diageo cut its forecasts for 2010 and Aer Lingus struck a very gloomy tone
  • High-speed rail could link London and GlasgowStart planning now for £34bn west coast route before space runs out, urges Network Rail chiefJourney times from London to Glasgow could be halved to little more than two hours with a new £34bn high-speed rail line linking the capital with Manchester, Birmingham and Liverpool, according to a study published today.Network Rail, the owner of Britain's rail infrastructure, urged the government to start planning for the next generation of rail travel with

The Independent

The Telegraph

Times Online

Press Association

  • National Express considers new bid Transport group National Express said it has been mulling an increased takeover offer from its biggest shareholder worth almost £700 million.

Mail Online

Belfast Telegraph

Birmingham Post

Derby Telegraph

  • Trouble-free rail barriers EAST Midlands Trains says it has so far encountered no problems with new automatic ticket gates it has installed at Derby railway station.

London Evening Standard

Newcastle Evening Chronicle

  • Metro station barriers to snare fare dodgersBARRIERS to stop fare dodgers will be put up at Metro stations. The network will receive £13.4m from the Department for Transport to upgrade old ticket machines and bring in the electronic barriers.

Nottingham Evening Post

  • City car use drops 'because of transport investment' CAR use in Nottingham is falling because of good levels of investment in public transport, according to an academic. Dr Kiron Chatterjee, from the University of West England, looked at Department for Transport figures which suggested car use in the city dropped by 2.1% between 2003 and 2008

Yorkshire Evening Post

  • Row over new £15m Leeds station entrance TRANSPORT chiefs have hit back at claims that £15m required to build a new entrance to Leeds rail station would be better spent on new rail carriages The plan for a new look for the station was unveiled earlier this m onth, prompting criticism that the cash would be better spent elsewhere. Metro Chairman Coun Ryk Downes said the project was earmarked specifically for the new entrance.
  • Backlash over rail link missing Leeds Yesterday's announcement came as a blow to politicians and business leaders in Leeds, who fear the city could now be permanently saddled with a second-class transport system. Greg Mulholland, Lib Dem MP for Leeds North West, said there was still a "very strong economic case" for a high-speed rail link between London and Yorkshire.

Yorkshire Post

  • Heritage chief joins in station opening CONSTRUCTION magnate Sir William McAlpine, chairman of the Railway Heritage Trust, joined directors from Yorkshire's Strategic Team Group to open the refurbished Ormskirk station. The Castleford-based business has completed a £1.8m eco-friendly overhaul of the Grade-II station on behalf of Merseyrail.

Aviation Industry

Other News Sources

  • Increased offer for National Express EMBATTLED public transport group National Express has received an increased takeover offer from its largest shareholder, it emerged today. The improved offer from the Spanish Cosmen family, backed by buy-out firm CVC, reportedly values National Express at nearly £700 million - close to the value its board is thought to place on the business.
  • Council wants more people to use public transport TRAMS, 20mph zones and cycle paths could be at the heart of changes to Swindon’s transport network over the next two decades.
  • 'Future Heathrow' group advertisement was misleading A GROUP lobbying for further expansion of Heathrow Airport has been criticised by the Advertising Standards Authority for a ’misleading’ campaign in local newspapers.
  • Axminster: Railway work on schedule WORK on the passing loop at Axminster railway station is progressing according to the contractors' timetable. The work is part of a £20m scheme to deliver hourly services between Exeter St Davids to London Waterloo by the end of this year.
  • New station porter rolls back the years with bags of charm HE'S got bags of time for train travellers! The first dedicated porter in 40 years has been introduced at Scarborough railway station – and bagman Wayne Frodsham says he's happy to lug your luggage! He has been employed to lend a lift after rail company First TransPennine Express decided that passengers arriving at the station needed a helping hand after the summer's boost in passenger numbers.
  • Train station is not on the right track [letter]FORGET the plans for new doors at Huddersfield Railway Station, they are not the number one priority at the moment (Examiner, August 11). We need an enquiry kiosk in the booking hall with staff to assist passengers with information.
  • Volunteers clean up railway station Volunteers have carried out a clean up of Shrewsbury Railway Station after the town’s MP hit out over the state of the building. Daniel Kawczynski, MP for Shrewsbury and Atcham, has accused Network Rail of double standards over its maintenance of Shrewsbury and Wolverhampton railway stations.
  • Ryanair leaves Robin Hood AirportRobin Hood Airport is the latest to have Ryanair move away from them. Ryanair has announced that it is axing all of its winter flights to Spain from the airport as it hopes to reduce its operations from many UK airports blaming the increase of airport charges. Ryanair have also cut flights from Manchester, Dublin and London [...]
  • Network Rail announce plans for high-speed railFriends of the Earth today welcomed with caution Network Rail's plans for new high-speed rail.
  • Asian airline traffic down 7.8% in JulyMajor carriers in the Asia Pacific carried 11.5 million passengers in July, down 7.8% year-on-year. International traffic measured in RPKs fell 8.5%...
  • Virgin Blue posts full year loss of A$160mVirgin Blue has posted a full year net loss of A$160 million ($132 million) in line with its
  • Airlines Stung By European CO2 Limits Thousands of airlines are set to face problems in flying into the European Union from 2012 unless they join the EU Emissions Trading Scheme, the European Commission has said, although a number of member states at the same time continue to bankroll the sector that is the fastest growing source of transport greenhouse gases to the tune of millions of euros.
  • BA hopeful of ATI go ahead this year$8bn enterprise plannedread more

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