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Profits warning deals new blow to National Express

National Express's troubles deepened yesterday when the bus and train operator issued a profits warning, blaming increases in the cost of financing its £1bn debt pile.

Friday, 23 October 2009

BBC News

  • Increase in 'air rage' incidents There has been a sharp rise in the number of instances of "air rage", government figures show. There were 3,529 reported incidents of disruptive behaviour aboard UK aircraft from April 2008 to March 2009 compared with 2,702 instances in 2007-08.
  • Cycling plan targets new mothers A campaign to recruit more than 1,000 cycling instructors has been launched, focusing on mothers returning to work.
  • NI drink-drive limit will be cut Northern Ireland's drink-driving limit will be reduced next year, Environment Minister Edwin Poots has said.

Financial Times

  • Stobart prepares for recovery In the six months to August 31, pre-tax profits at the freight company, whose colourful Eddie Stobart trucks have become an I-spy favourite among Britain's road users, edged up from £11m to £11.1m

The Herald

  • Murphy enters row over airport rail link Jim Murphy, the Secretary of State for Scotland, yesterday waded into the controversy over the future of the Glasgow Airport Rail Link, saying he backed the project killed by the Scottish Government at Holyrood.

The Independent

The Telegraph

  • Heathrow voted 'worst airport in the world' Heathrow airport has been voted the worst airport in the world, according to a global poll of airline passengers.
  • National Express warns on profits National Express, which is currently being stalked by rival bus and rail company Stagecoach, has weakened its case for remaining independent after issuing a profits warning which dragged its share price down 18½ to 397p.

Reuters News

Network Rail

Derby Telegraph

Liverpool Echo

  • Conservatives say they cannot save Merseytram plan MERSEYSIDE’S plans for a tram have been dealt another blow. The Conservatives said they were unlikely to be able to fund the £400m-plus Line One Liverpool to Kirkby if they won the next General Election.

London Evening Standard

Nottingham Evening Post

The Press and Journal (Aberdeen)

The York Press

International Herald Tribune

Rail Technology Magazine

  • Rail Market in the Netherlands Forces Strukton Rail to Adapt Organisation Utrecht “ The current developments in the Dutch rail market have forced Strukton Rail to adapt its organisation. The price is the determining factor in the current railway market in the Netherlands. The prices in the market for renewals are under great pressure. New contracts for daily maintenance (the so-called PGO or output-oriented contracts) are also characterised by a low price level. This compels Strukton Rail to adjust its organisation and organisational structure. The planned measures include the reduction of four regions to two regions and the reduction of 350 jobs. T...

Green Miscellany

  • Zero-emission transport 'made affordable' Three new electric scooters have been launched onto the market by British company, e-motive. The e1, e3 and e5 models cost from £1399, produce no exhaust emissions and are very economical to run, costing just one penny per mile.

Other News Sources

News from Europe

  • Old Europe' gets millions in EU transport money The European Commission has signed 18 new funding contracts for transport infrastructure projects as part of the EU's response to the economic crisis, with almost all of the €260 million package going to the 'old' EU member states of Western Europe.
  • AviGate makes passenger data more accessible E-borders measures implemented over the past decade or more have been based mainly on Advance Passenger Information (API) data – name, gender, date and place of birth – collected at the check-in desk from machine-readable passports.

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