CITY MOVES | WHO’S SWITCHING JOBS July 11, 2011 Begbies Traynor Group The professional services consultancy has appointed Mark Fry as head of insolvency and restructuring. Fry joined the group in 2005 as a partner in its Insolvency and Restructuring division, rising to become both managing partner of the group’s London office and regional managing partner for London and the South East. His recent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 10, 2011 FINANCIAL TIMES VIRGIN SEEKS US ROLE Virgin Trains is vying to play a role in the privatisation of the US rail industry in a move that could see it become the operator of the lucrative 457-mile route from Washington to Boston. Virgin, which already runs the profitable West Coast railway line between London and Glasgow [...]
Focus on Ealing: West is the best July 10, 2011 Office Space WITH the clamour and disruption of Crossrail making itself known across central London, investors can seek consolation in turning their thoughts to its profitable prospects in one of London’s most tranquil outposts. Ealing, dubbed “Queen of Suburbs” by no less an authority than Nikolaus Pevsner, will benefit from not one but two Crossrail [...]
NO PLAN B FOR BRITAIN SAY TORY BELIEVERS July 7, 2011 DON’T have a business card on you? No problem – just write your name on the back of a £50 note and drop that in the hat for the City lunchtime raffle instead. Yes, it could only be the annual fundraising gathering of The Cities of London & Westminster Conservative Association, where the Tory body’s [...]
Stagecoach reports mega rise in profits June 29, 2011 STAGECOACH has reported a 27 per cent jump in full-year profits, saying that rising petrol prices and increasing road congestion has encouraged more people opt for public transport instead of taking their car. The British bus and rail group posted a pre-tax profit of £205.7m while group revenues rose from £2.2bn to £2.4bn for the [...]
Fuel price woe is a boon for bus firms June 29, 2011 YOU might not know it from clapped-out trains that break down in the wrong type of snow or, more recently, heat – but we are living in a golden age for public transport. Higher prices at the petrol pump and the recession have combined to force more and more people to ditch the car and [...]
Stagecoach boosted by move to public transport June 29, 2011 Bus and rail group Stagecoach reported a 27 per cent jump in full-year profit, helped by a shift to public transport as petrol prices keep drivers off the roads. The Scotland-based transport group announced a pre-tax profit of £205.7m on revenue 10 per cent higher at £2.38bn for the year to the end of April. [...]
Go-Ahead ups forecasts on high demand June 23, 2011 BUS and train operator Go-Ahead said yesterday that its profit had been given a further boost as more motorists take public transport because of fuel price rises. Go-Ahead, which has a fleet of 3,800 buses and is part of a joint venture responsible for Southern, Southeastern and London Midland rail services, said its buses represented [...]
Go Ahead raises profit forecast as passengers increase June 23, 2011 Transport group Go-Ahead said it expected its full-year operating profit to be ahead of its previous expectations as passenger numbers increased on its Southern, Southeastern and London Midland rail franchises. “The previous consensus was around £108m and we’re ahead of expectations,” finance director Keith Down told Reuters in an interview. The company, which operates commuter [...]
Upbeat firms boost London jobs market June 22, 2011 JOB opportunities are opening up in London as the capital’s firms shrug off any effects from planned government spending cuts. Over half of London’s businesses (57 per cent) are now hiring as normal, according to a survey from the Confederation of British Industry (CBI) – up sharply from a 45 per cent six months ago. [...]