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UKís biggest rail operator Go-Ahead suspends shares after Ďserious errorsí in accounts

Britainís biggest rail operator is to suspend trading in its shares, as it grapples with the fallout from a failure to repay tens of millions of pounds of taxpayer cash.

Alstom and Hitachi win HS2 train bid [subscription]

The government and HS2 are on the verge of announcing that a £2.8 billion contract for the most prestigious train manufacturing project in the history of Britainís railways is to be awarded to Derbyís historic Litchurch Lane works and Hitachiís much newer factory at Newton Aycliffe in Co Durham.

MPs back Integrate Rail Plan cuts to HS2 and Northern Powerhouse Rail

MPs on both sides of the bench clashed over the governmentís Integrated Rail Plan (IRP) which included cuts to High Speed 2 (HS2) and Northern Powerhouse Rail, during a parliamentary debate last night.

Thursday, 09 December 2021

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  • Unions plan for national rail strike as job cuts loom‚ÄėAttacks on pay and pensions‚Äô also expected after Department for Transport tells industry to find savings of 10%Rail unions are drawing up plans for a national strike as job cuts loom across the industry.The RMT is preparing to ballot its members for industrial action, with the union anticipating compulsory redundancies are highly probable at train operating companies and Network Rail. Such redundancies would mean ‚Äútrains are coming to a halt‚ÄĚ, the TSSA union said after it failed to get assurances over jobs. Continue reading...

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  • Go-Ahead shares set to be suspended as it counts cost of London & Southeastern Railway failingsAccounts have been delayed yet again as Go Ahead tries to calculate the cost of a possible fine. Go Ahead has admitted to Ďserious errors... over several yearsí
  • How Sadiq Khan gets a deal for TfLIt will be a "financial apocalypse" and "impending disaster" which could "drag London back to the 1970s." As a new TfL deal deadline approaches, Sadiq Khan and his supporters have once again been scouring the dictionary of doom. We are told that unless the government gives him £1.7 billion, TfL will collapse. It'll axe a hundred bus routes, close a whole Tube line, end its entire capital investment programme.

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  • Alstom and Hitachi win HS2 train bid [subscription]The government and HS2 are on the verge of announcing that a £2.8 billion contract for the most prestigious train manufacturing project in the history of Britainís railways is to be awarded to Derbyís historic Litchurch Lane works and Hitachiís much newer factory at Newton Aycliffe in Co Durham.

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