News

The French could be running more of Britain’s transport network after state transport group Keolis/Eurostar was named one of three shortlisted bidders for the reprivatisation of the East Coast franchise.

Market Report: Spirent boosted as its US peer group turns it on

A positive read-across from two of its US peers raised investors' hopes ahead of Spirent Communications' update next month, pushing the company up 5.2p to 152.4p.

First Group profits on track

First Group has lifted half-year profits by 14 per cent after benefiting from improved trends in its UK bus and train businesses.

Go-Ahead poaches new chief executive from TfL

The chief executive of the rail and bus giant Go-Ahead, Keith Ludeman, is to be replaced by Transport for London's divisional head David Brown.

Business Diary: EasyJet lands its latest arrival

EasyJet wasted no time in replacing its head of public relations, Oliver Aust, when he announced his departure last month, and swooped to hire FirstGroup's Paul Moore, PR Week reveals. The airline's chief executive, Carolyn McCall, told the magazine: "His experience will be extremely valuable to easyJet". It certainly will – all that time he spent apologising for the shocking performance on FirstGroup's Thameslink rail routes will have prepared Moore for easyJet, which has its own scheduling difficulties from time to time.

FirstGroup to hit full-year targets

The bus and train operator FirstGroup issued a bullish trading update yesterday, telling investors it was on track to hit full-year targets.

O'Toole follows Moir Lockhead at FirstGroup

Sir Moir Lockhead is stepping down after 21 years as the chief executive of the transport giant FirstGroup, to be replaced by the former London Underground boss Tim O'Toole.

Founder of FirstGroup to step down

The founder of transport giant FirstGroup today announced plans to step down from his role as chief executive after 21 years with the company.

Egon Zehnder to lead search for new Network Rail boss

Headhunters briefed to find a chief executive with experience in a complex international company

Eurotunnel snaps up rail freight operator for £31m

The operator of the Channel Tunnel is buying Britain's third-largest rail freight operator from the transport giant FirstGroup for £31m.

Public cutbacks knock profits at FirstGroup

FirstGroup suffered a slump in profits yesterday after higher fuel costs and public spending cutbacks dented full-year figures. As the largest provider of student transport in North America, with a fleet of around 60,000 yellow school buses, FirstGroup has felt the impact of "unprecedented levels" of pressure on school board budgets.

FirstGroup strikes gold with £20m London Olympics deal

FirstGroup dealt a blow to its major rivals yesterday by landing the £20m contract to provide the buses and coaches that will transport spectators to the London 2012 Olympics.

Local bus industry faces Competition Commission probe

The Office of Fair Trading (OFT) is referring the local bus industry to the Competition Commission over concerns about high prices and poor quality of service.

Competition watchdog to probe bus services

The Office of Fair Trading today referred local bus services to the Competition Commission and warned that limited competition was pushing up prices for bus users.

National Express gets 90 per cent backing for rights issue

National Express secured overwhelming support for its £360m rights issue as the Cosmen family backed the move despite public opposition to the strategy, paving the way for a much-needed restructuring of the group.

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