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Tube worker suspended over rant

Footage emerges of a Tube worker ranting at a passenger and apparently threatening to

National Express plunges as bid dropped

A Spanish-led consortium has withdrawn its £765m takeover offer for the bus and rail operator, leaving the company to announce plans for an equity fundraising to strengthen its balance sheet

Sale of Opel to Magna in danger after EC warning

The proposed sale of General Motors™ Opel business to Magna International, the Canadian auto parts maker, was thrown into doubt yesterday after the European Commission (EC) warned that Germany™s planned state aid for Opel may breach competition rules.

The not-so sweet truth of sugar fuel buses

“Grossly misled” and “deceived” are words being used to describe the green bus fuel scandal that has left council bosses with red faces.

Saturday, 17 October 2009

BBC News

Financial Times

  • Whitehall quandary over franchisesThe collapse of the takeover bid for National Express leaves the future of the rail group's East Coast and East Anglia franchises shrouded in uncertainty
  • Investors drop JAL over debt planThe carrier's shares lose 11% for a second day running to close at their lowest level since the company's listing in its current form after a government task force proposes that banks forgive it $2.8bn of debt
  • Independence uncertain for National ExpressWith bid interest in National Express at an end, the question now is whether the company can continue in its current form as it hands over responsibility for running the service to government
  • Investors support NatEx rights issueShareholders at the transport group are to back a rights issue after the withdrawal of a £765m takeover bid by CVC, the private equity firm, and the Cosmen family, its largest shareholder
  • National Express plunges as bid droppedA Spanish-led consortium has withdrawn its £765m takeover offer for the bus and rail operator, leaving the company to announce plans for an equity fundraising to strengthen its balance sheet

The Telegraph

Times Online

  • Behind the wheel: the all-electric Mini E The all-electric Mini E bursts away from traffic lights, zooms about like a sports car and can carry you 120 miles on a four-hour charge. A milk float? In your milkman’s dreams. Unfortunately, your milkman can’t have one — not unless he signed up to be one of the 20 triallists, dwelling between Oxford and London, who will shortly take delivery of a prototype Mini E and live with it for six months. A second trial group of 20 will repeat the experiment next year. After which, BMW and its consortium partners will know a lot more about whether electricity genuine...
  • Shift in the balance of profits sent National Express buyout bid careering off the tracksCVC Capital Partners and the Cosmen family™s joint bid for National Express fell apart after the two partners failed to agree financial terms between themselves, The Times has learnt.
  • Sale of Opel to Magna in danger after EC warningThe proposed sale of General Motors™ Opel business to Magna International, the Canadian auto parts maker, was thrown into doubt yesterday after the European Commission (EC) warned that Germany™s planned state aid for Opel may breach competition rules.

Daily Express

  • NatEx shares slump as takeover derailedNATIONAL Express shares plummeted yesterday after a consortium led by Spain's Cosmen family and private equity group CVC walked away from a £765million takeover bid.
  • Crude's new peak fuels oil rush OIL stocks gushed to the top reaches of the blue-chip board yesterday as crude prices -temporarily reached a new high for the year of $78.17 a barrel.

Daily Record

Mail Online

Network Rail

Belfast Telegraph

  • Route move by Easyjet ratchets up airport warThe battle between Belfast's rival airports has reached new heights after budget airline Easyjet announced it is switching a core route from Belfast International to George Best City Airport.Related StoriesTripartite research projects valued at £6.4mBarclays awaits payment protection decisionRoyal Mail bosses deny 'plan to derecognise union'Republic tourist numbers plummetGoogle posts record profits

Daily Post (North Wales)

Journal Live

London Evening Standard

The Press and Journal (Aberdeen)

  • Gloag receives top awardSTAGECOACH founder Ann Gloag has received a humanitarian award at the United Nations for her three decades of charity work.
  • Building rules slow railway plansEFFORTS by a railway restoration group to move a historic station on to their Deeside site have stalled because of problems conforming to building rules.
  • Parents win school travel boostPARENTS who claimed their children were faced with a 40-minute walk to school or having to pay expensive bus fares have won a concession.

Blackpool Gazette

Northants Evening Telegraph

Reading Evening Post

Sunderland Echo

  • Rail group takeover collapsesStruggling transport group National Express, operator of the North East Main Line, saw shares hammered today after it said talks over a £765million takeover have hit the buffe

Forbes

Washington Post

  • VRE Chooses France-Based Operator Over Amtrak Virginia Railway Express plans to abandon its 17-year relationship with Amtrak and give an international company its first chance to dabble in the U.S. transportation industry.
  • Senate Approves Bill Restoring Funding for Hydrogen Car Research The hydrogen car may have legions of fervent fans, but Energy Secretary Steven Chu apparently is not among them. Earlier this year, the Nobel Prize-winning scientist essentially zeroed government funding for the clean vehicles and came close to mocking their potential, saying the technology needs four

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