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Profit for state-owned rail line

The company running the East Coast rail line reports a profit and boost in passenger numbers in its first year of state ownership.

Invensys H1 profit slips on one-off rail costs

Engineering group Invensys (ISYS.L) said one-off higher costs in its rail division caused first-half operating profit to fall 2 percent, although orders rose 6 percent, driven by emerging economies.

HSBC sells train leasing unit for 2.1 bln stg

HSBC Holdings (HSBA.L) has inked a 2.1 billion pound ($3.39 billion) deal to sell its UK train leasing unit, which owns close to a third of Britain's trains, to an infrastructure fund consortium. After protracted negotiations that started in the summer, HSBC agreed to sell Eversholt, its rolling stock business, to a consortium of Morgan Stanley (MS.N) Infrastructure, 3i Infrastructure (3IN.L) and Star Capital.

Friday, 05 November 2010

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Department for Transport

  • Transport StatisticsThe Department for Transport has today published the following Transport Statistics:

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  • New car sales in biggest fall for 17 months Society of Motor Manufacturers and Traders reports registrations of new cars fell 22% in October
  • Airlines warned in August over safety¢ Two airlines ground fleets after emergency Qantas landing¢ Europe's air safety watchdog issued safety alert in summerTwo airlines grounded their fleets of Airbus A380 superjumbos today following an emergency landing by a Qantas plane after one of its engines blew apart in mid-air, damaging a wing and showering debris on the ground below.It emerged tonight that in August Europe's air safety watchdog issued an alert about abnormal wear inside the British-made Rolls Royce engines used on the huge, double-decker double decker planes, though experts said it was too early to tell if the two were ...

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  • Invensys H1 profit slips on one-off rail costsEngineering group Invensys (ISYS.L) said one-off higher costs in its rail division caused first-half operating profit to fall 2 percent, although orders rose 6 percent, driven by emerging economies.
  • HSBC sells train leasing unit for 2.1 bln stgHSBC Holdings (HSBA.L) has inked a 2.1 billion pound ($3.39 billion) deal to sell its UK train leasing unit, which owns close to a third of Britain's trains, to an infrastructure fund consortium. After protracted negotiations that started in the summer, HSBC agreed to sell Eversholt, its rolling stock business, to a consortium of Morgan Stanley (MS.N) Infrastructure, 3i Infrastructure (3IN.L) and Star Capital.

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  • A simple formula for buses4 November: Here™s a bit of good news for once: First is going to reverse some of its bus cuts, and Birmingham is getting a smartcard. read more

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  • Sinclair launches X-1 electric bubble bicycle Clive Sinclair is best remembered for his ill-fated battery-powered trike, the C-5 “ a vehicle which despite being derided as dangerous and under-powered sold 17,000 units. Undeterred, Sir Clive has unveiled the X-1, an electric recumbent bicycle fitted with an acrylic canopy. read more

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