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National Express gets £765m bid

A group seeking to buy transport group National Express makes an improved offer of £765m for the company.

DfT assurances key for Stagecoach

The statement from the bus and rail operator that wants to take over National Express's UK rail and local bus businesses contains two commitments from the Department for Transport

Go-Ahead warns of more job losses as rail passenger numbers drop

Britain's busiest train operator, Go-Ahead Group, has warned that further job cuts are likely at its rail division as the recession hits passenger numbers.

Birmingham Airport favoured over New Street for high speed rail link

Birmingham International Airport’s case to be the home of a new high speed rail station has received a major boost.

Iain Coucher: Riding a new wave

Network Rail’s championing of a new high speed line to Birmingham, Manchester and Scotland is an important step in its transformation from day to day route operator to forward thinking transport provider. Jackie Whitelaw speaks to chief executive Iain Coucher to find out more.

Friday, 04 September 2009

BBC News

Financial Times

  • DfT assurances key for StagecoachThe statement from the bus and rail operator that wants to take over National Express's UK rail and local bus businesses contains two commitments from the Department for Transport
  • BA data show drift to economy classShift from premium to economy-class air travel is reconfirmed by British Airways as it registers another month of falling first- and business-class sales
  • Wincanton secures £275m contracts from M&SThe logistics provider's chief says the group's approach to environmental issues helped it to win the deals from the retailer
  • Go-Ahead predicts 'modest' rail growthThe bus and rail operator's forecast reflects the relative robustness of UK demand in the face of the economic downturn
  • Consortium lifts National Express offerThe consortium bidding for the bus and rail operator has raised its offer to 500p, which represents an increase of 11 per cent on an earlier approach and values the equity at £765m

The Guardian

The Herald

  • Stagecoach facing forced sell-off of town bus operationsStagecoach could be forced to sell major bus operations in Preston after the Competition Commission declared yesterday that the Perth-based company’s acquisition of a rival in the Lancashire town would reduce competition and could harm passengers’ interests.
  • Cosmen and CVC beef up bid for National ExpressStagecoach has lined up a deal to secure National Express’s bus and rail businesses as part of a beefed up £765m bid for the beleaguered company by Spain’s Cosmen family and private equity firm CVC Capital Partners.

The Telegraph

Times Online

Daily Express

  • Stagecoach books a new attack on rival BUS and train group Stagecoach is believed to be mulling over an improved bid for rival National Express after the long-distance coach operator snubbed an opening offer from its main investor.

Mail Online

Network Rail

Birmingham Post

Bolton News

Bristol Live

London Evening Standard

Manchester Evening News

  • Metrolink bosses feel the heatMETROLINK bosses are under increasing pressure to hold a full investigation into the 'unforeseen circumstances' operators are blaming for letting passengers down for a third day. Part of the troubled Altrincham line was still closed on Thursday, a full 24 hours after services were suspended because a tram had reportedly snagged on overhead power cables.

Metro

  • Easyjet cuts back on servicesBudget airline easyJet is to close its East Midlands base and reduce services at Luton airport by 20%, it announced today.

Nottingham Evening Post

The Press and Journal (Aberdeen)

Yorkshire Post

  • Optare share placing to fund green buses BUS manufacturer Optare is to raise around £8.6m through a share placing to fund the development of its low carbon buses. The group, which employs 300 people at its Leeds factory, said it sees a challenging 2009 for new bus sales.

Peterborough Telegraph

Chartered Institute of Logistics and Transport

  • Wincanton secures M&S contractsMarks & Spencer (M&S) has selected Wincanton as its preferred supply chain solutions provider, agreeing three five-year contracts with the company.The deals, worth around £275 million, will see Wincanton manage the retailer's home delivery service for items such as furniture and other large goods, as well as overseeing merchandise distribution in the south of England.Chief executive of the supply chain company Graeme McFaull described the agreement as a "very significant expansion of our business".He added that it "creates a major new strateg...

Railnews

  • News: Go-Ahead increases revenue by 6.7 per cent GO-AHEAD Group — which includes train companies London Midland, Southern and Southeastern in its Govia joint venture — has surprised the financial markets with a better-than-expected result for the past year.

Transport for London

  • Better bus information on the wayTransport for London (TfL) today announced that within the next two years, Londoners will be able to find out exactly when their next bus is due by using their mobile phone or the internet.

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