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Latest Finance News related to National Express

Stagecoach says it has overpaid for East Coast rail contract as profitability plunges image
.... It insisted that 65 new Hitachi trains would arrive on schedule in 2018, but did not comment on stalled infrastructure improvements. The dispute raises the possibility that Stagecoach could end up paying something closer to the £235m that state-owned Directly Operated Railways (DOR) did in the final year of a franchise it took on in 2009, when the government seized control from National Express. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....The firm famously pursued Argentine debt for more than a decade, seizing one of the country's naval ships while it was docked in Ghana and prompting the country to default. In the UK, it also intervened in coach operator National Express and fought supermarket Tesco for damages stemming from a 2014 accounting scandal. ...
British rail is nationalised all over again – by foreign states image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....But few other EU states opened their networks to competition the way Britain has. British firms such as National Express do have contracts in Germany for local and regional networks, but long-term franchises of such scale, revenues and potential profits have been a peculiarly British gift. ...
Chinese firm MTR to help operate UK's South West trains franchise image
Source : Guardian [Read Article] Monday 27th of March 2017 07:52:43 AM
.... MTR is majority-owned by the Hong Kong government. In Britain, a government-owned operator has been used only when a franchise has failed, for instance when National Express abandoned its east coast contract in 2009. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
....Another area which regularly attracts more than its share of complaints is the rail industry, with delays, cancellations, overcrowding and constant fare increases guaranteed to raise the ire of passengers. But one company set to avoid this in future is National Express. ...
Britain’s rail franchise model unfit for purpose, say MPs image
Source : Guardian [Read Article] Sunday 5th of February 2017 10:07:02 AM
....”. Fewer companies have bid for franchises, while major players such as National Express have withdrawn from the market, meaning ever less competition. ...
Government planning possible take-over of Southern rail – report image
Source : Guardian [Read Article] Wednesday 25th of January 2017 08:27:13 PM
....Any direct control or hint of re-nationalisation would be anathema to the transport secretary, Chris Grayling, who has repeatedly stressed that there is no better alternative than GTR. The government’s in-house operating company of last resort, Directly Operated Railways, which ran East Coast for six years when National Express walked away from the franchise in 2009, has been disbanded. ...
Rail franchise mandarin's board gave Southern contract to client of his company image
.... He was forced to apologise after he told a public meeting last year “we have got to break” train drivers and warned that those who resisted government plans should “get the hell out of my industry”. In June 2014, while Wilkinson was franchising director, he was also involved in awarding a 15-year franchise, Essex Thameside, to National Express-owned c2c. ...
Yes, Italy’s constitution needs fixing. But not as urgently as its banks do image
....Virgin’s immediate problem on the east coast is that passenger growth is much lower than predicted. Few would weep to see a dent in the profits of the joint venture between Stagecoach and Richard Branson; but the recent history of this franchise is littered with private firms, from Sea Containers’ GNER to National Express, throwing back the keys when the going got tough. ...
Rail fare rises driven by hikes on Virgin Trains East Coast image
Source : Guardian [Read Article] Friday 2nd of December 2016 01:00:35 PM
....8% more expensive, at £149 for a single. On some franchises, such as Govia Thameslink Railway – including Southern – Southeastern, Greater Anglia and National Express’s C2C, fares set by the operator will actually slightly trail the government’s increase next year, with average fares rising by 1. ...
'I worry about money all the time': the Jam reality in Birmingham image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 08:59:52 AM
....She says her salary hasn’t risen much in a decade – “You don’t notice your annual increment, it’s just pennies” – and she also worries that her job will be at risk next year with the next round of council cuts threatening nursery services. In central Birmingham, at the National Express depot, senior skilled workers, whose wages used to put them automatically in a comfortable bracket, are also considering whether their current income makes them the kind of workers that the prime minister wants to offer extra support. ...
Stagecoach unveils contactless bus travel plans image
Source : BBC [Read Article] Thursday 20th of October 2016 12:44:26 PM
....". Stagecoach is also working with other major bus operators - First Bus, Go-Ahead, Arriva and National Express - to have contactless technology installed on all buses outside London. ...
Learn how to balance a budget in the biggest university challenge of all image
Source : Guardian [Read Article] Sunday 11th of September 2016 05:59:52 AM
....With the first term approaching, so do the offers from banks attempting to lure customers in. Free NUS cards, National Express Coachcards and cashback from selected retailers are just some of the sweeteners that come with new accounts. ...
National Express free journeys offer has driven me to distraction image
Source : Guardian [Read Article] Wednesday 7th of September 2016 06:00:51 AM
....I travel once a week between Bristol and London for work. I’ve been doing this for more than three years and, because of its much lower prices than Great Western’s train service, use National Express coaches every week. ...
Why did Sir Richard Branson take on Jeremy Corbyn? image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:01:53 AM
....The best estimate is that it is achieving only half that. The east coast has been a graveyard for previous operators - both GNER and National Express had to hand back the keys after making over-optimistic promises on revenue. ...
Five-minute guide to... the cost of going to university image
Source : Daily Express [Read Article] Sunday 21st of August 2016 12:01:00 AM
....” . Other offers worth having include Santander 123’s free 16-25 railcard, RBS and NatWest’s free four-year National Express coachcard, and Lloyds Bank’s. ...

You don't need to settle for the future the Tories are creating
 image
Source : Telegraph [Read Article] Saturday 6th of August 2016 08:30:00 PM
.... And don’t doubt that Governments can’t run railways. In 2009, following the collapse of the National Express rail franchise for the East Coast Mainline, the Government took over operation of the service. ...
Money saving tips for the over 55s: 'I get discounted cinema tickets every week'  image
.... However, it’s worth checking with your coach operator if they do offer any discounts. The National Express offers a Senior Coachcard for people aged 60 and over. ...
Signal problems hit Christmas getaway image
Source : BBC [Read Article] Thursday 24th of December 2015 02:08:22 AM
....The Independent newspaper's travel correspondent Simon Calder said that while train services were thin, there was for the first time "something resembling a proper inter-city coach network" on Christmas Day. National Express and Megabus have both put on extra services. ...
Rail passengers need help with refunds, says Which? image
Source : Guardian [Read Article] Monday 21st of December 2015 06:01:18 AM
....Automatic compensation for delayed passengers who had pre-booked journeys online with a credit card was introduced by Virgin earlier this year. Other operators are to introduce schemes to automatically repay commuters with season tickets for late running trains, led by National Express on its C2C network from February next year. ...
Questor share tip: Tracsis still a buy on solid annual results image
Source : Telegraph [Read Article] Wednesday 4th of November 2015 06:48:58 PM
....8m, from £12m. The unit already has contracts with most of the main UK rail operators, including Virgin, Go-Ahead, Arriva and National Express. ...
Bullish broker notes help transport stocks accelerate  image
Source : Telegraph [Read Article] Monday 26th of October 2015 02:22:56 PM
.... . National Express topped the FTSE 250 leader board after RBC Capital Markets urged investors it was “time to get on board”. ...
National Express moves forward on outlook and dividend hopes image
Source : Guardian [Read Article] Monday 26th of October 2015 11:05:20 AM
Freshers 2015: guide to student budgeting  image
Source : Telegraph [Read Article] Thursday 27th of August 2015 06:00:52 AM
.... . There can be other perks too: Santander offer a free four year student railcard, HSBC give students a £60 Amazon gift card for joining, Lloyds offer a free three year NUS Extra card, and Natwest offer a free four year National Express coach card (as do the Royal Bank of Scotland). ...
How to get the best overdraft at university image
Source : Guardian [Read Article] Saturday 22nd of August 2015 05:59:04 AM
....Thousands of students will be heading to university in the next month and the main high street banks have gone head to head in their attempts to recruit freshers, hoping to turn them into lifelong customers. Freebies up for grabs this year include a four-year young person’s railcard courtesy of Santander, a £60 Amazon gift voucher from HSBC and a four-year National Express card from NatWest/Royal Bank of Scotland. ...
First tough lesson for students is on finances image
Source : Daily Express [Read Article] Sunday 16th of August 2015 12:01:00 AM
....” If you want extra perks, Black says: “Santander leads the pack with its offer of a free four-year 16-25 Railcard. The next best incentive is the free four-year National Express Young Persons Coachcard, available from RBS and NatWest. ...
Questor share tip: Tracsis shares jump as profits to beat expectations image
Source : Telegraph [Read Article] Wednesday 12th of August 2015 04:30:22 PM
.... . The company has already signed contracts with most of the main UK rail operators, including Virgin, Go-Ahead, Arriva and National Express, as well as a five-year deal with Network Rail. ...
Banks offer students interest-free overdrafts of up to £3,000 image
Source : Guardian [Read Article] Sunday 9th of August 2015 06:00:15 AM
.... The following year Natwest was offering a “student starter kit” of a kettle, toaster and radio alarm clock, and in 2005 HSBC garnered a wave of publicity after throwing in a free MP3 player with its account. This year, the best freebies are the four-year young person’s railcard from Santander, the equivalent National Express card from NatWest/RBS and a £60 Amazon gift voucher from HSBC. ...
Bargain Hunter: Book your airport transfer now and save 20% image
Source : Independent [Read Article] Friday 7th of August 2015 11:00:00 PM
.... In terms of additional perks, Santander once again leads the pack with its offer of a free four- year 16-25 Railcard. The next best incentive comes from RBS/NatWest with its free four-year National Express Young Persons Coachcard. ...
New Rolls-Royce investors claim 'good directors should challenge forceful CEO' image
....Many saw the compromise deal as a success for Elliott, given that Garrett-Cox is now on trial in a way that she has never been before. Elliott got a lot further than it did two years earlier in the UK, when it took a 17% stake in transport group National Express and lobbied for its sale or breakup. ...
National Express boss warns competition measures may hit rail investment image
Source : Telegraph [Read Article] Wednesday 29th of July 2015 08:41:41 AM
. The boss of National Express has warned that proposals to boost competition on Britain’s railways would force train operators to cut investment in services and would leave the taxpayer out of pocket. ...
Bargain Hunter: Win a trip to one of the Modern Wonders in a new 'seven-day' prize draw image
....The beginning of the annual student campaign by the banks began this week with NatWest/Royal Bank of Scotland releasing details of its 2015 deal. This year the group is handing students a National Express Young Persons Coachcard, which offers up to a third off all coach travel for four years. ...
Money Talks: Budget analysis, the perfect summer job and waterside homes image
....Airlines favourite excuse: ‘extraordinary circumstances’. A ‘free’ National Express coach trip to Bristol just goes round in circles. ...
Budget 2015: HS1 boss drafted in to review Network Rail  image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 06:00:29 PM
.... . In a major change, it is understood that the grant will be reduced, leaving more money available for the franchise agreements that the DfT strikes with companies such as FirstGroup, Stagecoach and National Express that run services. ...
A ‘free’ National Express coach trip to Bristol just goes round in circles image
. I travel frequently from London to Bristol by National Express coaches (babysitting for my grandson), so I was pleased to receive a voucher code to allow me to claim a free journey as a “thank you” for clocking up 10 journeys on the route. ...
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National Express steams further into Germany image
Source : Telegraph [Read Article] Tuesday 16th of June 2015 03:55:31 PM
. National Express has strengthened its position in what is Europe’s biggest rail market with two more contract wins in Germany. ...
Source : Independent [Read Article] Wednesday 3rd of June 2015 12:51:58 AM
....Stagecoach, which already runs trains from Waterloo, Euston, King’s Cross and St Pancras, hopes to secure the East Anglia franchise with its joint venture partner, the Dutch state rail company, Abellio. The duo is vying with FirstGroup and National Express, which runs Essex to Fenchurch Street services, to show that they can reduce London-to-Norwich journey times by 20 minutes. ...
Source : Independent [Read Article] Tuesday 2nd of June 2015 03:28:15 PM
....Stagecoach, which already runs trains from Waterloo, Euston, King’s Cross and St Pancras, hopes to secure the franchise with its joint venture partner, the Dutch state rail company, Abellio. The duo is vying with FirstGroup and National Express, which runs Essex to Fenchurch Street services, to show that they can reduce London-to-Norwich journey times by 20 minutes. ...
Three bidders to battle for East Anglia rail franchise image
Source : Telegraph [Read Article] Tuesday 2nd of June 2015 07:05:17 AM
. Stagecoach has teamed up with the British arm of the Dutch state rail operator to take on National Express and FirstGroup in the fight for the contract for the East Anglia rail franchise. ...
Rail unions call off bank holiday strike image
Source : Guardian [Read Article] Thursday 21st of May 2015 01:54:18 PM
.... Virgin had announced it had cancelled all trains on the west coast line between London and Scotland for Monday and Tuesday but has now reinstated the services, after already offering refunds and advising passengers to rebook alternative travel for the weekend. Coach firms have profited, however, with National Express selling tens of thousands of extra tickets for next week. ...
Rail strike: Virgin Trains scraps west coast services on Monday and Tuesday image
....Should the strike go ahead, First Great Western, Abellio Greater Anglia, Southeastern, Chiltern Railways, CrossCountry Trains, Arriva Trains Wales, ScotRail and c2c have warned passengers to expect considerable disruption. National Express, the UK’s largest coach operator, said it would be adding 18,000 seats to its network to meet demand from passengers affected by the strike. ...
How will the rail strike affect me? image
Source : Guardian [Read Article] Wednesday 20th of May 2015 12:46:32 PM
....Will there be replacement buses running for any lines?It is unlikely as the number of affected passengers is so great. However, National Express has said that it will be running extra coaches over the Bank Holiday period to cover routes affected by the strike. ...
Pay revolts: ShareAction highlights non-dissenting asset managers image
Source : Guardian [Read Article] Sunday 17th of May 2015 11:01:06 PM
....In contrast, Threadneedle Asset Management, Aviva and Goldman Sachs were among the firms that more often voted against contentious pay awards. The same group of activist investors also tended to support resolutions on environmental and social issues, such as a target for ExxonMobil to reduce greenhouse gas emissions or an obligation on National Express to improve oversight of bus drivers’ conditions. ...
Rail companies in line for compensation if strike hits image
Source : Telegraph [Read Article] Tuesday 12th of May 2015 06:25:47 PM
.... . Increased demand for coach services and regional flights might also provide a fillip to companies such as National Express, British Airways owner International Airlines Group, and easyJet, analysts said, as Britons scramble to find alternative modes of transport. ...
Evans Cycles changes hands for £100m image
Source : BBC [Read Article] Friday 1st of May 2015 03:30:55 PM
.... . It has also invested in companies including Café Rouge, National Express, Bloomsbury Publishing and Chubb. ...
Alliance Trust shareholders angry at board compromise with Elliott Advisors image
Source : Independent [Read Article] Thursday 30th of April 2015 12:07:11 AM
.... Mr Singer is a Republican Party donor, who has also supported gay rights campaigns. His son Gordon runs the company’s UK arm, Elliott Advisors, which has been involved in campaigns against National Express as well as Morrison’s and Game Digital. ...
Alliance Trust to Elliott: we are neither complacement nor close-minded image
Source : Telegraph [Read Article] Thursday 23rd of April 2015 07:02:09 PM
.... Elliott first bought into Alliance in 2011, and now controls a 12pc stake. An activist investor, it tried and failed to place three directors on to the board of National Express in 2011, and also failed in its attempt to force the bus and train operator into a merger with rival Stagecoach. ...
Shareholder spring: where are we now? image
Source : Independent [Read Article] Wednesday 22nd of April 2015 09:56:05 PM
.... Others including WPP’s Sir Martin Sorrell survived but were left bloody nosed by confrontations with angry investors. Since then, other companies, including RSA Insurance and National Express, have been hit by pay revolts. ...
Alliance Trust chairman challenges Elliott Advisors: 'what's your end game?' image
.... . Since Elliott made its intentions clear in a leak to a national newspaper four weeks ago, Forseke and her board – including chief executive Katherine Garrett-Cox – have been locked in a war of words with the American fund which has previously aimed its fire at a variety of British targets including National Express, and, to a lesser extent, Wm Morrison. ...
Questor share tip: Tracsis a buy after solid first half image
Source : Telegraph [Read Article] Wednesday 15th of April 2015 04:24:03 PM
.... . The company has already signed passenger analysis contracts with most of the main UK rail operators, including Virgin, Go-Ahead, Arriva and National Express. ...
Activist group attacks Alliance Trust 'spin' and management image
Source : Independent [Read Article] Wednesday 1st of April 2015 12:36:34 AM
....The activist investor Elliott Advisors stepped up its attack on Alliance Trust’s management team yesterday, accusing it of acting in a “manner unbecoming of a public company”. The New York hedge fund, which has waged war with the Argentine government and stirred up trouble at companies including National Express and Morrisons, wants to overhaul Alliance’s board. ...
Katherine the Great vs the activist investors image
Source : Independent [Read Article] Tuesday 17th of March 2015 12:51:44 AM
. Having waged war with the Argentine government and stirred up trouble at companies including National Express, Game Digital and Morrisons, Elliott Advisors is the kind of shareholder that keeps chief executives up at night. ...
Not a single high street chain will commit to the living wage, investigation finds image
....Retailers have come under fire after investigations by The Independent revealed that not a single high street retail chain has guaranteed staff the living wage. Last week National Express became the first transport company to become an accredited UK-wide living-wage employer, joining 1,200 firms in paying the independently set hourly rate of £7. ...
Exclusive: Ageism tsar Dr Ros Altmann warns recruiters in crackdown on discrimination image
....She is also pushing companies to offer “mature” apprentice schemes. Barclays has already signed up to such a scheme, while National Express is launching what it calls “open” apprenticeships to drive attempts to help people re-enter the world of work, in tandem with the Pensions minister, Steve Webb. ...
Interview: Leave Britain's railways alone, Branson tells Labour image
Source : Telegraph [Read Article] Saturday 7th of March 2015 08:15:02 PM
.... . A small government-owned company, Directly Operated Railways, was forced to step in to run the line in late 2009 after the last franchise, National Express, walked away during the financial crisis amid tumbling sales. ...
East Coast rail back in private hands image
Source : BBC [Read Article] Sunday 1st of March 2015 05:08:14 AM
....The DfT said the new franchise would mean "the best deal for passengers", but Labour criticised the move. When franchise holder National Express pulled out in November 2009, the then-Labour government took over the running of the line. ...
National Express optimistic about North America growth image
Source : Guardian [Read Article] Thursday 26th of February 2015 09:41:05 AM
...
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National Express looks to North America for growth image
Source : Telegraph [Read Article] Thursday 26th of February 2015 09:30:38 AM
. National Express plans to a look to North America for growth opportunities this year, after reporting a rise in 2014 pretax profit on a strong performance in its UK bus and coach operations. ...
.... . Thursday sees finals from Bodycote, British American Tobacco, Capita, Circassia Pharmaceuticals, CRH, Domino’s Pizza, Howden Joinery, Interserve, Jupiter Fund Management, Kaz Minerals, Merlin Entertainments, National Express, Playtech, Premier Oil, Reed Elsevier, Robert Walters, Royal Bank of Scotland, RPS, RSA Insurance, Spirent, STV Group, Synthomer and Xchanging. ...
Week ahead in business and economics: February 23 - 27 image
Source : Telegraph [Read Article] Sunday 22nd of February 2015 07:10:33 PM
.... . Full-year results: Capita, Premier Oil, Ladbrokes, Jupiter, Interserve, Reed Elsevier, Robert Walters, RBS, Countrywide, Derwent London, Domino’s Pizza, British American Tobacco, National Express, Merlin Entertainments, RSA, Travis Perkins, Xchanging Interim results: None Trading update: None Economics: Official GDP figure Meetings: None . ...
The Middle East has much more to offer us than just oil and gas image
Source : Telegraph [Read Article] Sunday 22nd of February 2015 05:26:03 PM
.... The UK’s excellence in the transport sector is a further sector where we thrive. In Bahrain, UKTI provided assistance to National Express, which was able to form a joint venture with a local operator and win a £170m contract to hold the concession for the public bus system for 10 years. ...
Hedge fund makes £100m bet on British solar power image
Source : Telegraph [Read Article] Saturday 7th of February 2015 06:59:35 PM
.... Elliott is best known in Britain for taking stakes in companies in order to push through sweeping changes. The fund lost a campaign to instal its own directors at National Express, and bought Game Group in 2012. ...
National Express pushes into Germany with Nuremberg win image
Source : Telegraph [Read Article] Tuesday 3rd of February 2015 04:12:44 PM
. National Express has been named preferred bidder to run railway services in Nuremberg, marking a victory over state-controlled operator Deutsche Bahn and the next stage of the British company’s push into a potentially lucrative market. ...
National Express to run Nuremberg’s overground urban trains image
Source : Guardian [Read Article] Tuesday 3rd of February 2015 03:17:17 PM
...
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Source : Independent [Read Article] Friday 23rd of January 2015 12:35:54 AM
....Exponent bought thetrainline. com for £160m from a consortium of Virgin, National Express and Stagecoach and almost sold it six years later to a US consortium. ...
Trainline.com to float with £500million valuation image
Source : Daily Express [Read Article] Friday 9th of January 2015 01:15:00 PM
....The company expects to raise £75million. It was formed in 1997 and controlled by Exponent Private Equity which bought it for about £160million in 2006 from a consortium of owners including Virgin, National Express and Stagecoach. ...
Buckle up: coach trips are back in fashion as travellers shun 'expensive' train fare  image
.... . Edwards Coaches also operates 33 coaches a day to and from London in partnership with National Express, and organises discounted hotel stays for travellers looking for overnight accommodation. ...
Oil prices hit fresh low as Saudis resist OPEC output cut image
Source : Independent [Read Article] Friday 28th of November 2014 11:47:47 AM
....3 million a year earlier. Chemical giant Croda dipped 7p to 2457p as it lured Jez Maiden away from his desk at National Express to be its new finance director. ...
Source : Independent [Read Article] Friday 28th of November 2014 02:14:58 AM
....3bn East Coast Main Line London-to-Scotland rail route, rather than the French State-owned joint venture that was widely presumed to have won. However, the decision to hand the contract to a joint venture run by Stagecoach and Virgin Trains has provoked heavy criticism from those who claim the nationalised line, which the former operator National Express handed back to the Government in 2009, should remain under state ownership. ...
Virgin and Stagecoach to run East Coast line image
Source : Daily Express [Read Article] Friday 28th of November 2014 12:00:00 AM
.... It will be owned 90 per cent by Stagecoach and 10 per cent by ­Virgin. The Government’s decision to ­re-privatise East Coast sparked ­controversy after its state-owned ­operator returned more than £1billion to the taxpayer since taking it over from National Express. ...

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