Q & A: EAST COAST RAIL LINE July 1, 2009 Q.WHY IS THE EAST COAST RAIL LINE STRUGGLING?A.The franchise – along with other train operators – is struggling as the downturn results in both leisure and business travellers cutting back on travel. It is also losing out on its premium passengers, as those who are still travelling stay away from first class travel. Rising fuel [...]
CITY VIEWS: WAS THE GOVERNMENT RIGHT TO NATIONALISE THE EAST COAST RAIL LINE? July 1, 2009 RANJIT BAHAD DAIWA SECURITIES “It’s right to take it out of the hands of National Express if they’re not doing a good enough job. Still, where’s the money going to come from to run the line? We’ve got such a big debt burden and running this line is going to be costly.” SARAH SKINNER LLOYD [...]
CITY VIEWS: WAS THE GOVERNMENT RIGHT TO NATIONALISE THE EAST COAST RAIL LINE? July 1, 2009 RANJIT BAHAD DAIWA SECURITIES “It’s right to take it out of the hands of National Express if they’re not doing a good enough job. Still, where’s the money going to come from to run the line? We’ve got such a big debt burden and running this line is going to be costly.” SARAH SKINNER LLOYD [...]
UK’S MAIN RAIL FRANCHISES July 1, 2009 ARRIVA WALES Shrewsbury – Swansea line. It also covers Cardiff, Manchester and Birmingham FIRST CAPITAL CONNECT A FirstGroup franchise, it runs from Bedford to Brighton via Luton. Also Luton to Wimbledon and Sutton. NATIONAL EXP. EAST ANGLIATrains run from London Liverpool Street to Sheffield, Chelmsford, and Peterborough. SOUTH WEST TRAINSPart of Stagecoach group, it was [...]
UK’S MAIN RAIL FRANCHISES July 1, 2009 ARRIVA WALES Shrewsbury – Swansea line. It also covers Cardiff, Manchester and Birmingham FIRST CAPITAL CONNECT A FirstGroup franchise, it runs from Bedford to Brighton via Luton. Also Luton to Wimbledon and Sutton. NATIONAL EXP. EAST ANGLIATrains run from London Liverpool Street to Sheffield, Chelmsford, and Peterborough. SOUTH WEST TRAINSPart of Stagecoach group, it was [...]
Madoff victim fund stands at 140m as the hunt goes on July 1, 2009 THE SECURITIES Investor Protection Corporation (SIPC) said yesterday a total of $231m (£140m) has so far been committed to pay for claims from victims of Bernard Madoff’s fraud, with a further $2.74bn “authorised for potential future recovery.” The group, which was established by the US Congress in 1970 to help swindled investors, said that the [...]
Madoff victim fund stands at 140m as the hunt goes on July 1, 2009 THE SECURITIES Investor Protection Corporation (SIPC) said yesterday a total of $231m (£140m) has so far been committed to pay for claims from victims of Bernard Madoff’s fraud, with a further $2.74bn “authorised for potential future recovery.” The group, which was established by the US Congress in 1970 to help swindled investors, said that the [...]
O2 considers T-Mobile bid July 1, 2009 T-MOBILE UK could find itself at the centre of a bidding war after O2 became the second mobile network operator to consider buying the firm from Deutsche Telekom, its German owner. O2’s Spanish parent company Telefonica is kicking the tyres at T-Mobile UK, after Vodafone entered talks with Deutsche Telekom earlier this week. Telefonica is [...]
O2 considers T-Mobile bid July 1, 2009 T-MOBILE UK could find itself at the centre of a bidding war after O2 became the second mobile network operator to consider buying the firm from Deutsche Telekom, its German owner. O2’s Spanish parent company Telefonica is kicking the tyres at T-Mobile UK, after Vodafone entered talks with Deutsche Telekom earlier this week. Telefonica is [...]
American manufacturing output reached a 10-month high in June July 1, 2009 AMERICAN manufacturing output in June reached 44.8, its highest level since last August 2008, according to the ISM survey published yesterday. While the headline figure remained below 50, production jumped to 52.5 from 46 in May. Capital Economics said the index is finally at a level consistent with an actual expansion in GDP, rather than [...]