Financial Archives - Page 247 of 388 - International Railway Journal

Financial

August 16, 2019 | Europe

NS reports strong first-half growth but warns of looming capacity crunch

GROWTH in passenger volumes on Netherlands Railways (NS) services significantly outstripped projections, according to the company’s first half results, which were released on August 16.

August 16, 2019 | Financial

SNCF Network launches 100-year Green Bond

FRENCH infrastructure manager SNCF Network launched the world’s first 100-year Green Bond on August 14.

August 12, 2019 | Financial

Loram acquires Aurizon’s Australian rail grinding business

LORAM Maintenance of Way’s Australian subsidiary has executed a binding agreement to acquire all the assets of rail freight operator Aurizon’s rail grinding business, subject to regulatory approval.

August 9, 2019 | Financial

New owners confirmed for G&W Australia

GENESEE & Wyoming Australia (GWA) is set to be sold to a consortium led by Macquarie Infrastructure and Real Assets (Mira) and Dutch pension manager, PGGM.

August 9, 2019 | Financial

Hong Kong project and British franchise impact MTR half-year results

MTR Corporation recorded revenue of $HK 28.2bn ($US 3.5bn) in the first half of 2019, up 7.2% from $HK 26.3bn the same period last year. However, overall profit fell from $HK 7.1bn in the first half of 2018 to $HK 5.6bn this year.

August 8, 2019 | Financial

Dutch charter train operator declared bankrupt

LIMBURG District Court in Roermond, Netherlands, declared Lucato and its subsidiaries Railpromo and Railpromo Fleet Services bankrupt on August 6.

August 7, 2019 | Financial

VTB Bank acquires majority stake in Rustranscom

VTB Bank, Russia, has reached an agreement with the shareholders of Russian freight operator Rustranscom (RTC) to acquire a 50% plus one share stake in RTC Group.

August 7, 2019 | Financial

DB selects Amsterdam for possible Arriva IPO

GERMAN Rail (DB) has reportedly selected the Euronext stock exchange in Amsterdam as a prospective listing venue for its Arriva public transport operations business if the planned sale of the unit, which is due to start this week, does not meet expectations.

August 6, 2019 | Financial

Mixed bag for Adif in half-yearly results

SPANISH infrastructure managers Adif and Adif High Speed (Adif AV) recorded a combined Ebitda of €130.43m in the first half of 2019, a 10% decrease compared with the same period last year caused by measures taken to improve services across the Spanish network.

August 1, 2019 | Financial

SNCF traffic recovers strongly following 2018 strikes

FRENCH National Railways (SNCF) reports a strong passenger traffic recovery for the first half of 2018 following the long period of strikes in 2018 over the reform of SNCF which is due to be finalised in 2020.

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