Category: Transport

FirstGroup plans to sell Greyhound

Transport giant FirstGroup are to sell off their Greyhound business and review “structural alternatives” and separate their UK bus arm as they are to focus on the North American market. The group who also own Great West Railways and South Western Railway (SWR) will continue to manage their rail franchise. They warned they have concerns […]

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Could flexible working solve the four million hours lost with train delays

40% of Brits cite their commute as the worst part of their day. And with recent analysis pointing to the fact that train users lost around four million hours to significantly delayed trains in 2018, it’s easy to see why. On public transport, travellers often experience crowded conditions, stress, discomfort, disruption, delay, feelings of time […]

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Mayor’s calls for Northern Rail to lose franchise

The mayors of Greater Manchester and Liverpool, Andy Burnham and Steve Rotherham have said Chris Grayling the transport secretary should strip Northern Rail of their franchise. The mayors said in a joint statement that Northern Rail has “consistently failed” to deliver legally binding requirements. Speaking on behalf of the 4.3m people that they represent they […]

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Trainline on track to raise £75m for IPO 

Trainline the rail app business has confirmed their plans to raise £75m to fund their expansion plans for when they float on the London Stock exchange in June.  American private equity giant KKR confirmed their initial public offering (IPO) on the stock market and said they “expected” the move to happen in June. The firm […]

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Southend Airport owner plunges to £42m loss 

Stobart Group who own Southend Airport has plunged to a £42m loss after a £16m writedown and was hit with aviation costs.  The group’s pre-tax loss for the year to March 2019 dropped from £14.3m the previous year as the firm moved forward with their transformation plans.  Revenue was up by 39% during the year […]

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