Financial

THE John Laing Group has announced that it is to sell its 15% stake in the Agility Trains consortium delivering the Intercity Express Programme (IEP) Phase 1 fleet of 57…
BOMBARDIER has reached an agreement with its trade unions in Germany over the proposed restructuring of the company's activities, with no factory closures planned, although the role of several will…
A report released on March 29 by Britain’s National Audit Office has concluded that the Department for Transport’s (DfT) cancellation of three major electrification projects in July 2017 was motivated…
POWERLINES Group, Austria, has acquired the 50% stake held by Carillion in the Carillion-Powerlines joint venture, increasing its holding to 100% of the company, which is working with Network Rail…
THE merger of Siemens’ mobility business and Alstom reached a milestone on March 23 with the signing of a Business Combination Agreement (BCA) setting out terms and conditions agreed by…
GERMAN Rail (DB) achieved a 5.2% increase in revenue in 2017 to €42.7bn which translated into a 37.1% jump in pre-tax profit to €968m, a 2.8% rise in adjusted Ebitda…
SWISS Federal Railways (SBB) published its annual results on March 20, revealing an increase in income despite heavy losses in the struggling domestic rail freight market.
GERMANY's Federal Cartel Office has approved the acquisition by VTG of the Nacco Group, Europe’s fourth largest wagon leasing company, from CIT Rail Holdings Europe, subject to certain conditions. VTG…
BRITAIN’s Department for Transport (DfT) has invited promotors and investors to come forward with financially-credible projects to build new lines or enhance the rail network, starting with a new southern…
GREEK privatisation agency the Hellenic Republic Asset Development Fund (HRADF) says national train operator Trainose has submitted the only bid in the sale of a 100% stake in Hellenic Company…
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