Upbeat outlook as Stagecoach grows revenue June 26, 2012 STAGECOACH, one of the UK’s biggest bus and coach operators, said yesterday it was confident about the coming 12 months, despite a 1.5 per cent dip in pre-tax profits to £202.5m. Revenues rose eight per cent to £2.6bn, helped by a strong financial performance at its London bus services. But its East Midlands rail franchise [...]
London 2012 will be most expensive Olympics ever June 25, 2012 LONDON 2012 is set to be the most expensive Olympics to date with a projected cost of £8.4bn, according to a report released yesterday. Researchers at the University of Oxford’s Said Business School say this equates to a 101 per cent overrun compared to the original budget of just £4.2bn in 2005. But Professor Bent [...]
It is crazy that high speed rail will fail to integrate with our airports June 25, 2012 THE Government has got High Speed Two (HS2) wrong. As one of the architects of Britain’s first high speed railway, HS1 – connecting London with the Channel Tunnel – I am in a unique position to write this. Whatever the truth behind the rumours and denials that the project is to be abandoned, the focus [...]
Go-Ahead sees a difficult year ahead for rail June 21, 2012 SHARES in transport group Go-Ahead slipped 1.9 per cent yesterday as a disappointing outlook for its rail business overshadowed a good overall performance last year. Go-Ahead said its bus network was growing well, and the firm expects a four per cent like-for-like revenue rise in the year to the end of June, thanks in part [...]
Boris pledges bus bonus cash June 20, 2012 BORIS Johnson has pledged to make an £8.3m pot available to fund an Olympics bonus for bus drivers and avert strike action tomorrow. The Mayor yesterday told the London Assembly that money from the Olympic Delivery Authority could be used to compensate the city’s bus drivers for working during the Games, in line with other [...]
Eurotunnel becomes first firm to list on NYSE Euronext London June 20, 2012 NYSE Euronext yesterday announced that cross-channel transport operator Eurotunnel would become the first listed stock on its London market. This means that for the first time London Stock Exchange (LSE) has had genuine competition for listings in the capital. Eurotunnel currently has a dual listing with the LSE in London and NYSE Euronext in Paris but [...]
What Britain must do to win back investors from a surging Germany June 19, 2012 BRITAIN is on the verge of losing its foreign direct investment (FDI) crown. After a 15 year record as the leading European destination, the investment tide has begun to flow away. While the UK remains Europe’s top destination for inward projects, we will lose this crown to Germany, within two years, unless action is taken. [...]
Shock as England cricket starlet Maynard is killed by Tube train June 18, 2012 ENGLAND will begin today’s second one-day international against West Indies under a cloud after the sudden and tragic death yesterday of one of the country’s brightest prospects, Tom Maynard. Surrey batsman Maynard, 23, was hit by a London Underground train at Wimbledon Park station at 5am after a man matching his description fled from officers [...]
East London cable car due for launch by the end of the month June 17, 2012 BRITAIN’S first cable car spanning the Thames is set to open to the public in time for the Olympic games, Transport for London confirmed today. The £50m project has been subject to safety tests in recent weeks but TfL said it was on course to open on 28 June, a month ahead of the Games. [...]
CITY MOVES | WHO’S SWITCHING JOBS June 14, 2012 iCon Infrastructure Iain Macleod has been appointed as a partner at the investment firm, effective July 2012. He joins iCon’s private institutional European infrastructure team from Deutsche Bank, where he served as head of transportation and infrastructure for Europe, Middle East and Africa, and head of mergers and acquisitions for Asia. International Standard Asset Management [...]