Train services operated by South Western Railway (SWR) could be taken into public ownership due to losses made by the franchise, Transport Secretary Grant Shapps has announced.
South Western Railway’s recent financial statements indicate “the franchise is not sustainable in the long term”, according to Transport Secretary Grant Shapps.
Train and bus operator FirstGroup has announced the appointment of advisers to formally look into selling off its US assets following pressure from shareholders.
Avanti West Coast has been unveiled as the name of the operator replacing Virgin Trains.
With the leaders of the main political parties outlining their plans for British businesses at the CBI conference on Monday, you would be forgiven for thinking that the stock exchange might have veered wildly as each new proposal was put forward.
Businessman Robert Tchenguiz has launched a scathing attack on the board of FirstGroup, where he has a 4.7% economic interest, accusing them of misleading the stock market.
London’s top flight joined markets worldwide in dropping into the red as worrying Chinese economic data and fears over the US-China trade war dented investor sentiment.
More bus passengers paid with contactless and mobile apps rather than cash on FirstGroup’s local bus routes for the first time in its history, the company has revealed.
London’s blue chip index edged out of the red on Thursday as US president Donald Trump played down the prospect of an attack in Syria.