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First Group savages ‘irresponsible’ activist [Subscription]

First Group called its largest shareholder irresponsible, opportunistic and self-interested yesterday as the bus and train operator battled attempts to remove more than half its board. ...Yesterday First in turn ridiculed Coast’s plans to sack most of the board and replace them with seven new directors, headed by Steve Norris, 74, the former Conservative transport minister

UK might switch infrastructure focus away from high-speed rail - minister

LONDON (Reuters) - Britain’s next prime minister might decide to prioritise other infrastructure spending projects over the planned, 56 billion-pound High-Speed 2 (HS2) rail project, a government minister said on Tuesday.

M4 relief road decision: Why the planning inspector overwhelmingly backed the £1.4bn black route south of Newport

On nearly all grounds, inspector Bill Waldrup concluded in favour of the £1.4bn M4 relief road - yet his recommendation was rejected by First Minister Mark Drakeford

Wednesday, 05 June 2019

The Herald

  • Bus and rail giant hits back at activist investorFIRSTGROUP has launched a stinging attack on the US activist investor campaigning for the removal of its chairman and chief executive, branding its plans “inconsistent” and “irresponsible”.

Times Online

  • Incredibly patient and on board long term, or in a hurry to get off the bus? [Subscription]The sale of Alexander Dennis Limited, the Falkirk-based bus manufacturer, to NFI Group, a Canadian rival, for £320 million has been portrayed by both parties as good news all round. Colin Robertson and Michael Stewart, ADL’s chief executive and chief financial officer, respectively, will continue to run the business and have been charged by its new owners “with leading NFI’s international growth ambitions”.
  • First Group savages ‘irresponsible’ activist [Subscription]First Group called its largest shareholder irresponsible, opportunistic and self-interested yesterday as the bus and train operator battled attempts to remove more than half its board. ...Yesterday First in turn ridiculed Coast’s plans to sack most of the board and replace them with seven new directors, headed by Steve Norris, 74, the former Conservative transport minister

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