Go-Ahead on track despite profit slump September 3, 2009 TRANSPORT group Go-Ahead said yesterday that it does not expect the economy to recover until 2011, but that its business is healthy enough to keep it on track until then. The firm, which operates bus companies and runs three London rail franchises, saw full year pre-tax profit fall 60 per cent from last year, to [...]
CITY MOVES WHO’S SWITCHING JOBS September 3, 2009 Pinsent MasonsThe law firm has appointed Raymond Beven as a London-based partner, responsible for leading the transport team within the firm’s projects and international construction group. Beven will be tasked with working across a broad transport portfolio including airports, rail and ports and projects in the Middle East, Caspian region and Europe. He joins from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 19, 2009 FINANCIAL TIMES INVESTCORP REPORTS FIRST LOSSInvestcorp reported its first annual loss in its history after the London and Bahrain-listed investment group suffered big falls on its hedge fund investments and heavy writedowns at its private equity and real estate arms. The company, which made its name investing in retailers Gucci, Tiffany and Saks Fifth Avenue, [...]
Strike resolved, RMT union says August 19, 2009 The Rail, Maritime and Transport Union (RMT) said yesterday the issue of job cuts on London Underground (LU), which led to a 48-hour strike in June, has been resolved. The RMT said it was a “major victory” as the strike action had saved its members from compulsory redundancies. LU disputed RMT’s claims, saying it had [...]
FirstGroup unveils new Greyhound buses August 19, 2009 FIRSTGROUP yesterday unveiled the iconic Greyhound buses it plans to use for journeys between London, Portsmouth and Southampton. The buses, which are named after women from American songs like “Peggy Sue”, will run hourly from Victoria to the south coast. They offer free Wi-Fi, power sockets for each passenger, air conditioning, free newspapers and leather [...]
TRAIN FARES SET TO DROP NEXT YEAR August 18, 2009 &9632; Rail fares to be cut for first time since privatisation&9632; Cuts come as train firms struggle with franchise payments&9632; Rail companies could hike non-regulated fares to plug gap RAIL fares are set to come down for the first time since privatisation, but there were fears yesterday that commuters might be hit by rising railway [...]
TfL seeks to smooth out traffic August 18, 2009 Transport for London (TfL) is set to smooth traffic flow by identifying traffic hotspots, it said yesterday. Intelligent traffic cameras that detect jams as they build up are set to revolutionise the way TfL tackles congestion in the Capital. Twenty cameras fitted with special image recognition technology have been put at traffic hot spots across London.
WHAT THE OTHER PAPERS SAY THIS MORNING August 12, 2009 FINANCIAL TIMES BHP CALLS FOR MARKETS TO SET IRON ORE PRICESBHP Billiton, the world’s biggest miner, has made a plea for the “emotion and anxiety” to be taken out of the iron ore business with a shift to market-based pricing like oil or coal. The plea by Marius Kloppers, chief executive of BHP, came a [...]
Managing a strategy for career change August 12, 2009 IT’S HARDLY unusual for people in their late twenties to decide that the area they’re working in isn’t actually the career they want to pursue. Tristan Smith had been working successfully in the airline industry for eight years – even moving from her home town of Sydney, Australia to the US city of Chicago – [...]
GREYHOUND HITS THE UK August 9, 2009 THE famed Greyhound buses will soon be seen on the UK’s motorways after FirstGroup, which bought the franchise two years ago, secured a deal to start services in London from next month. Fares on the bus will start from £1, and it is hoped that it will take on budget transport rivals National Express and [...]