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UK high-speed rail link is sold

The UK government sells a 30-year lease on the 68-mile London to Folkestone high speed rail link to a Canadian consortium for £2.1bn.

East Coast rail's Elaine Holt signals a change of directio

Boss of government-run East Coast rail company has high hopes for her once glamorous, twice abandoned franchise

Weekend work ban delays Northern line

The £1 billion upgrade on the Northern line will be completed a year later than previously planned after transport bosses ruled out continuous weekend and early evening closures.

News: Pledge to aid Derby firms on threatened rail site

DERBY City Council has pledged its ’wholehearted support’ for rail companies based on the city’s RTC Business Park, which the Government has put up for sale. There are fears that key businesses could lose their vital rail connections if a buyer wants to use it for other purposes.

Saturday, 06 November 2010

BBC News

  • £1m rail station upgradeFlintshire railway station is officially re-opened after a £1m upgrade include a new ticket office, waiting areas, paths and signage.
  • Injuries as lorry falls on trainSeveral people are injured when a lorry falls from a bridge and lands on a London-bound train at Oxshott, Surrey, Network Rail says.
  • Toyota profits continue to soarToyota raises its annual profits forecast again as green-car subsidies boost sales.
  • UK high-speed rail link is soldThe UK government sells a 30-year lease on the 68-mile London to Folkestone high speed rail link to a Canadian consortium for £2.1bn.

Financial Times

  • Virgin Atlantic calls in bankers to review businessSpeculation about the future of Sir Richard Branson's airline has intensified after it said it had hired bankers to
  • Canadian funds pay £2.1bn for Channel tunnel linkTwo Canadian pension funds are to pay a higher-than-expected £2.1bn for the right to run the UK's only dedicated high-speed rail line, in the first significant privatisation of the new coalition government
  • £2.1bn HS1 sale lifts privatisation prospectsThe sale of the high-speed rail line from London to the Channel tunnel to two Canadian groups, the first significant privatisation under the coalition, has been hailed as 'great news for taxpayers and rail passengers'
  • Second jet in Rolls-Royce engine scareA second Qantas passenger jet “ this time Boeing 747 jumbo “ has had to return to Singapore with engine trouble, just a day after one of the airline's Airbus A380s made an emergency landing when one of its Rolls-Royce engines failed
  • Aer Lingus ready to return to blackIrish airline is on track to achieve its first annual profit in three years after slashing long-haul capacity, which reduced fuel costs, and cutting its Dublin-based workforce

The Guardian

  • Rolls-Royce engines in 'BP moment'Warning comes as second Qantas jet, also powered by Rolls-Royce technology, returns to Singapore airport after reporting engine problemRolls-Royce was today warned it could face a BP-style backlash in the US after an engine design flaw was cited as a potential cause of the explosion that forced the emergency landing of a Qantas-owned A380 in Singapore on Thursday.The warning came as a second Qantas jet “ a Boeing 747-400 also powered by Rolls-Royce technology “ returned to Singapore's Changi airport after reporting an engine problem shortly after take-off today .Qantas said the second inciden...
  • Channel tunnel rail link sold for £2.1bn to Canadian pension fundsTwo of Canada's largest pension funds win 30-year deal to run High Speed One link between St Pancras and Channel tunnel
  • East Coast rail's Elaine Holt signals a change of directioBoss of government-run East Coast rail company has high hopes for her once glamorous, twice abandoned franchise

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Belfast Telegraph

  • Rolls-Royce value falls by £1.2bn after jet accident Rolls-Royce was facing tough questions over the safety of one of its jet engines last night amid suggestions a design flaw may have caused one to explode. Related StoriesLiquidator appointed to one of Republic's biggest building firmsPictures and video: Belfast Telegraph Woman of the Year Awards 2010Be Vigilant Against Credit Card FraudGermany slams 'clueless' US economic policyHSBC threatens to leave UK over Osborne banking levy

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London Evening Standard

  • Weekend work ban delays Northern lineThe £1 billion upgrade on the Northern line will be completed a year later than previously planned after transport bosses ruled out continuous weekend and early evening closures.

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Peterborough Telegraph

  • Train operator back on trackTHE rail operator tasked with running the East Coast line used by thousands of Peterborough commuters each day has reported a profit and three per cent boost in passenger numbers in its first year of state ownership.

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