Trainline: FTSE 250 firm hikes guidance as impact of UK rail strikes falls September 12, 2024 The FTSE 250 online retailer raked in just over £3bn in sales in the six months ended August 31, up 14 per cent year-on-year.
Trainline’s future in focus as Labour plots rail reform September 8, 2024 Trainline investors have been concerned the new Labour government wide-reaching rail reforms could hit the bottom line.
HS2: Construction of Britain’s longest railway bridge completed near London September 5, 2024 High Speed Two (HS2) has completed the construction of the longest railway bridge in Britain to the north west of London. The final deck segment of the 2.1-mile long viaduct, crossing the Colne Valley in Buckinghamshire, was fixed into place on Thursday by HS2 engineers. The new bridge breaks a 140-year record held by the [...]
Fresh calls to fund TfL as more busted London Underground trains taken out of service September 4, 2024 City groups have launched fresh calls for a long-term Transport for London (TfL) funding deal, after new data revealed a more than doubling in the rate faulty London Underground trains are being taken out of service. Data obtained via a Freedom of Information request shows the out of service rate across the London Underground, which [...]
Go-Ahead gifts overseas owners over £80m in dividend payouts September 1, 2024 Go-Ahead Group, which runs the Govia Thameslink franchise, has paid out over £80m to its foreign owners as it brings back dividends.
More rail strikes coming: Aslef accuses LNER of ‘bullying’ and breaking agreements August 16, 2024 The Aslef train drivers union has called for industrial action every weekend until November, citing a “breakdown” in relations with the LNER train company. In an announcement this morning, the leader of the union said the company’s “continued failure” to sort out long-standing issues had “forced us into this position.” Drivers on the east coast [...]
HS2: Cancelling northern leg will cost £100m – and make everything worse July 23, 2024 The total cost of completing High Speed Two (HS2) could reach nearly £60bn, according to the National Audit Office.
HS2 plans sweeping job cuts and major restructuring as it battles soaring costs July 18, 2024 HS2 Ltd, the private company overseeing the delivery of the high-speed railway line, is planning a sweeping round of job cuts and major restructuring as the embattled project's scope narrows following the cancellation of the northern leg.
King’s Speech: Labour outlines plan to nationalise rail operators July 17, 2024 King Charles said the new government would improve the railways by establishing Great British Railways and bringing rail operators into public ownership.
You think Britain’s railways are a mess? Take a look at Germany. July 15, 2024 Take a look around Europe and you'll find many of the continent's wealthiest countries also can't run a railway system properly.