Sadiq Khan has derailed Labour’s nationalisation plans Transport and infrastructure How is Keir Starmer’s plan to renationalise Britain’s railways going? Badly, if events in London are anything to go by. Yesterday we learned that Transport for London has awarded a £3bn, 10-year contract to First Group to operate the London Overground when the current contract with Arriva expires next year. That’s in direct conflict with [...]
Firstgroup doubles down on open access expansion despite DfT concerns Transport and infrastructure Firstgroup has doubled down on its open access expansion plans as the transport business defied government concerns over the scheme. The FTSE 250 firm said it was “focused on growing” its operations in open access, an arrangement under which private rail operators will continue to run services after the nationalisation of all major routes as [...]
Firstgroup: Profit at Avanti West Coast owner beats expectations Transport and infrastructure Transport giant Firstgroup has extended its share buyback program by £50m after annual revenue came in ahead of forecasts. The additional £50m buyback program follows Firstgroup’s return of £92m to shareholders in the 2025 financial year. The group also raised its dividend to 6.5p, up from 5.5p last year. The FTSE 250 company told markets [...]