Alstom: Profit slashed at London Underground trains maker Transport and infrastructure Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
Eurostar routes could see double-decker trains Transport and infrastructure Double-decker trains could be running through the Channel Tunnel in the coming years as part of proposals from the French rolling stock giant Alstom alongside Eurostar. Chief executive Henri Poupart-Lafarge told the Financial Times the trains would increase traffic on routes between London and Europe, which are traditionally operated by Eurostar. “The double-decker train has [...]
Ministers to oversee HS2 amid warnings of ‘dire delivery failure’ Politics Ministers will oversee work on HS2, the government has announced, as the transport secretary warned costs had spiralled out of control. Louise Haigh has announced urgent action to bring the cost and delivery of the high speed route from London to Birmingham back under control. It comes as the Sunday Times revealed leaked documents marked [...]
HS2 will reach Euston, transport secretary signals October 8, 2024 Transport secretary Louise Haigh has given the strongest signal yet that HS2 will reach London’s Euston station, ahead of an announcement she said would be coming soon. The Cabinet minister said an announcement on the project could occur during the Budget on Wednesday, 30 October. Speaking to Times Radio this morning, Haigh said: “We’ve said [...]
Alstom in ‘intense discussions’ over new Elizabeth Line trains to save Derby plant April 17, 2024 Train manufacturer Alstom is in “intense discussions” with the government over possible new train orders to save its struggling Derby plant.
Alstom: Union calls for urgent action to save jobs after train firm stops production March 30, 2024 Alstom said after 10 months of discussions with the Government over work for its Derby site, it had run out of time.