Breaking News

Network Rail plans 1,800 job cuts

Network Rail, the company that owns and runs Britain's rail infrastructure, says it intends to cut 1,800 jobs by April 2011.

Investors reject revised National Express bid

National Express investors have indicated that they would not accept a revised all-cash 450p takeover offer from the train and bus operator's largest investor

Stagecoach sees slower revenue growth

Transport operator Stagecoach (SGC.L) said it was seeing slower revenue growth as conditions remained tough across the group, although profitability since April was in line with expectations. Revenue growth at its British rail business, which includes London commuter franchise South West Trains, was 0.9 percent for the 12 weeks to July 26, down from a 6.2 percent like-for-like rise in the year to end-April, the rail and bus operator said in a statement on Friday .

Transport needs of the North East are ignored

REGIONAL leaders are calling for the development of a high-speed train network after rail chiefs left the North East out of their plans. They want Transport Secretary Lord Adonis to reject Network Rail’s plans for a £34bn London-Scotland high-speed route running on the West side of the country in favour of a network that includes the North East.

Friday, 28 August 2009

BBC News

Financial Times

  • Investors reject revised National Express bidNational Express investors have indicated that they would not accept a revised all-cash 450p takeover offer from the train and bus operator's largest investor
  • Trafficmaster beats expectationsShares in the traffic information provider rose to their highest point in a year after results from the group beat market expectations
  • Arriva cautious on rail industryThe UK bus and train operator suggests a gloomy picture of the rail industry after revenue growth at its CrossCountry franchise falls to 1.8% in the first half
  • Virgin Blue aims to break evenThe Australian airline reports a net loss of A$160m for the year to June as results were held back by launch costs and start-up losses for its long-haul brand challenging Qantas
  • DP World warns of 'bleak' outlook Net profit at Dubai's DP World falls by more than a third as the world's fourth-largest container terminal operator warns the outlook remains 'bleak' for the industry
  • Aer Lingus losses tripleIrish airline's chief does not expect an improvement 'in the near term' as consumer confidence remains weak and long-haul numbers declined

The Guardian

  • National Express receives new £700m Spanish takeover offer • Consortium raises pressure on troubled operator of east coast mainline trains by raising its bid to 450p a share • But National Express confirms it is in talks with investors about a rights issue as it fights to avoid breaching banking agreements
  • Network Rail to cut 1,800 maintenance jobsMove to axe 5% of workforce likely to bring accusations from RMT union that public's safety is being put at riskNetwork Rail is preparing to cut up to 1,800 jobs, or 5% of its workforce, as part of a cost-saving programme.The owner of Britain's rail infrastructure has opened consultations with trade unions about removing 1,800 jobs from its maintenance workforce, in a move that is likely to reignite a safety row at the company.The RMT union warned this year that cutting Network Rail's maintenance budget could threaten the company's strong safety record. The cuts are being made in response to d...

The Herald

The Independent

The Scotsman

  • Britain braced for the great train rumpus IT IS one of the most ambitious transport schemes in modern history but, if it is to be realised, equally grand decisions must be made. As the first details of Network Rail's masterplan, which aims to carry passengers from Scotland to London in a little over two hours, began to be digested yesterday, so, too, the first questions began to be asked.

The Telegraph

Times Online

Reuters News

  • Stagecoach sees slower revenue growth Transport operator Stagecoach (SGC.L) said it was seeing slower revenue growth as conditions remained tough across the group, although profitability since April was in line with expectations. Revenue growth at its British rail business, which includes London commuter franchise South West Trains, was 0.9 percent for the 12 weeks to July 26, down from a 6.2 percent like-for-like rise in the year to end-April, the rail and bus operator said in a statement on Friday .

Daily Express

  • Seatbelts on again at turbulent Aer LingusTROUBLED Irish flag carrier Aer Lingus is braced for a third takeover approach from budget airline Ryanair after plunging deeper into the red and warning of a
  • Fresh bid for Nat ExTHE battle for control of bus and train operator National Express moved up a gear yesterday after its biggest shareholder made an increased takeover proposal worth £688million.

Mail Online

Belfast Telegraph

  • Bombardier helps community project get off the ground Bombardier has launched a Sustainable Communities programme in partnership with Business in the Community. Related StoriesWater firm is hit with £2,000 fine for pollutionAer Lingus reports €93m operating lossFujitsu: Northern Ireland cutbacks ‘minimal’UK property prices up for fourth month in a rowTennent’s sold for £180m to Magners cider brewer

Birmingham Post

Bristol Live

Edinburgh Evening News

  • Train arm knocks Arriva off the rails TRAIN and bus operator Arriva has seen half-year operating profits at its rail division fall 30 per cent after the economic downturn hit passenger revenues.

Journal Live

  • Transport needs of the North East are ignored REGIONAL leaders are calling for the development of a high-speed train network after rail chiefs left the North East out of their plans. They want Transport Secretary Lord Adonis to reject Network Rail’s plans for a £34bn London-Scotland high-speed route running on the West side of the country in favour of a network that includes the North East.
  • Spend cash and we can have high-speed rail MINISTERS are to be told they must spend millions of pounds on the East Coast Main Line or risk permanently labeling the region as second best.

Liverpool Echo

Liverpool Post

London Evening Standard

Metro

Newcastle Evening Chronicle

  • Plans to revamp Gosforth's roads unveiledA MASSIVE shake-up of city roads is planned to ease congestion. Newcastle City Council is looking at revamping junctions around Gosforth to get traffic flowing more easily and prevent accidents.
  • MP slams £34bn rail link that misses regionRAIL bosses stand accused of snubbing the North East over a new £34bn high-speed train link. Network Rail have released a report that says a new 200-mph line should bypass the region.

Sheffield Star

  • High-speed rail line call outh Yorkshire Passenger Transport Executive (SYPTE) director general, David Brown welcomed Network Rail's backing for a new high speed line from London to Scotland, but said the line had to benefit all northern cities, including those in Yorkshire.

The Press and Journal (Aberdeen)

  • Shuttle bus service shortlisted for awardAN ABERDEEN shuttle bus service established to create a link between rail, air and heliport services in the Dyce area has been shortlisted for a national transport award.

The York Press

  • High speed hopes derailed HOPES of bringing a £34 billion high-speed London to Scotland rail line through York have been quashed, triggering dismay among city leaders.
  • Rail museum hits summer visits record ONE of York™s top attractions hit a visitor milestone last month possibly due to more people holidaying œat home.

Carlisle News & Star

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Aviation Industry

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News from Europe

  • Siemens and Deutsche Bahn Plan US High-Speed Rail OffensiveGerman engineering giant Siemens and national railway operator Deutsche Bahn are making plans to penetrate the US rail market. They hope to benefit from President Obama's promised $8 billion in investments in the country's high-speed railway infrastructure.

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