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US investor rails at First Group ‘cancer’ [Subscription]

The largest shareholder in First Group has launched a furious attack on the board of the train and bus operator after calling for an extraordinary general meeting in an attempt to remove half of the directors. The attempted coup if successful would see the comeback of Steve Norris, a Conservative transport minister during the time of privatisation more than 20 years ago, who was once a Tory candidate for mayor of London.

Leeds ‘could get supertram if HS2 scrapped’

Leeds could get its long-discussed supertram if the Government scrapped its controversial HS2 high speed project, an influential pressure group says today.

Tuesday, 14 May 2019

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  • US bid to oust board at Scots bus and rail giantFIRSTGROUP is facing an attempt to remove more than half of its board, including its chief executive and chairman, by its biggest shareholder, which has slammed the performance of the bus and rail giant.

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  • New GWR IETs under fire over lack of buffetsTHE RMT has been holding demonstrations today at London, Swansea and Plymouth about the lack of buffets on GWR’s new Intercity Express Trains. Surfers have also been protesting about the simultaneous withdrawal of space to carry their boards.

The Business Desk

Aviation Industry

  • Air France to reduce short-haul capacity 15%; cut 465 jobsAir France plans to reduce its short-haul capacity in terms of available seat kilometers (ASKs) by 15% by the end of 2021 and cut 465 jobs without forced departures in the face of growing competition from high-speed trains and low-cost airlines. read more
  • Heathrow expansion rival group to appeal third-runway rulingThe backers of rival London Heathrow Airport expansion project “Heathrow Hub” are planning to appeal a High Court judgment that dismissed a series of legal challenges against the government’s third-runway plans. read more
  • Leaked study raises debate on EU aviation fuel tax issueThe leak of a study funded by the European Commission has thrown the issue of aviation taxation into the spotlight, with sustainable transport lobby group Transport & Environment (T&E), saying the report shows taxing aviation fuel would significantly cut emissions without affecting GDP and employment. read more

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