Serco fails to win rebid for Docklands Light Railway July 4, 2014 Troubled outsourcing firm Serco has received yet more bad news today as Transport for London informed the company it had failed in its rebid to operate and maintain the Docklands Light Railway (DLR). After 17 years of running the DLR Serco will hand it over to a venture between Keolis and Amey. However, Serco was [...]
All aboard for Stagecoach as profits increase June 25, 2014 BUS AND rail transport group Stagecoach yesterday reported 2.4 per cent jump in pre-tax profit for fiscal 2014 ended 30 April, with revenue growth in all divisions. The company said its profits were driven largely by its operations in North America, adding that it was taking forward talks with the UK government over extending current [...]
Stagecoach meets expectations as confidence in buses grows June 25, 2014 Stagecoach has announced financial results in line with the company's expectations for the year ended 30 April. Profit before taxation was in line with analysts’ forecasts of £180m. The FTSE 250 company's performance in the UK was was boosted by new contract wins in London and solid cost control. North American business has been booming, [...]
Union suspends Tube strike after last-ditch talks May 6, 2014 A PLANNED three-day strike by London Underground (LU) workers was called off yesterday just hours before it was due to take place, after both sides called a truce. Members of the RMT union were set to walk out at 9pm last night in a row over LU’s plan to close all Tube ticket offices and [...]
Stagecoach sees bus and train revenue rises down the road April 29, 2014 STAGECOACH’S bus business has been raking in fares, with like-for-like revenues up 4.8 per cent in the last 10 months. The FTSE 250 firm said turnover from commercial services should make up for a tougher time on concessionary fares, building on its growing bus operations in London. Meanwhile the firm’s rail venture is in talks [...]
Focus on… Stratford: Stratford’s racing to the finish line April 24, 2014 EVERYONE knows that the Olympic Games were held in Stratford, east London, nearly two years ago, but few people know it for much else. It’s true that, since the opening of Westfield Stratford City, millions of people go there to shop – but how many are looking to live there? Despite the pre-Olympics hype, house [...]
Focus on… Greenwich: Grass is always greener in Greenwich February 27, 2014 THE ROYAL Borough of Greenwich is a leafy haven bursting with heritage. Newly royal – the title was bestowed upon the town in 2012 – it was the birthplace of Tudor kings, the sanctuary of injured sailors, a popular holiday resort, and now the home of time itself. Like time, houses prices stand still for [...]
Stagecoach says storms will not dent its revenues from railways February 26, 2014 STAGECOACH, the transport group that runs the South West Trains franchise, said the recent storms and flooding that devastated the region’s railways will not make a dent in the firm’s overall results. UK rail revenues were up 3.9 per cent in the forty weeks to 2 February, with the effects of the weather likely to [...]
Tomorrow’s DLR strike called off January 28, 2014 A 48-hour strike on the Docklands Light Railway due to start tomorrow has been called off, according to reports from RMT London Calling. The GGC has agreed to accept pay offers from Serco Docklands AND Carlisle. As a result all strikes are called off. Transport for London has confirmed the announcement, saying that services will [...]
DLR strike set for next week January 22, 2014 The RMT union said staff on the Docklands Light Railway will walk out next Wednesday for 48 hours and again on Tuesday 4 February following the “total breakdown in industrial relations”. The walkouts come as the RMT prepares to conduct a series of “revenue strikes” on the Underground next month, where staff will be instructed to [...]