Financial Archives - Page 251 of 388 - International Railway Journal

Financial

May 23, 2019 | Financial

Metro Madrid reports profit in 2018 following increased ridership

METRO Madrid reported a profit of €63m in 2018, up from €4m in 2017, with the result attributed to increased passenger demand and stable operating costs during its centenary year.

May 23, 2019 | Financial

British Steel enters insolvency as Brexit pressures grow

BRITISH Steel was placed into compulsory liquidation on May 22 after rescue talks between the British government and the company’s owner Greybull broke down.

May 21, 2019 | Financial

European rolling stock purchases 23% privately-funded, study finds

A STUDY by Roland Berger commissioned by the Rail Working Group has found 23% of rolling stock purchases in Europe in 2015-2017 were financed with private funding, up from 20% in 2013-2015 and 13% in 2011-2013.

May 20, 2019 | Financial

VTG acquisition by Omers Infrastructure and Morgan Stanley approved

THE European Commission (EC) has approved the acquisition of freight wagon leasing and logistics company VTG by Omers Infrastructure and Morgan Stanley.

May 17, 2019 | Financial

Talgo net profit up 70% in Q1

SPANISH rolling stock manufacturer Talgo reported net revenues of €87.1m in the first quarter of 2019, a 2% increase year-on-year, while net profit of €7.1m was an increase of 70%.

May 16, 2019 | High-speed

Lords: HS2 needs new costs and benefits assessment

BRITAIN’s House of Lords Economic Affairs Committee published a report on May 16 which questions the economic case for HS2, the planned 338km high-speed line between London, Birmingham and the north of England. The committee says that the project should not go ahead without a new assessment of its costs and benefits.

May 14, 2019 | Financial

FS unveils record €58bn investment plan

ITALIAN State Railways (FS) has unveiled its 2019-2023 Industrial Business Plan, which outlines a record €58bn investment and some significant changes to how the company will operate over the next five years.

May 14, 2019 | Policy

LDZ and Latvian government at loggerheads over alleged market abuse

LATVIA’s Privatisation Agency (PA) has requested that Latvian Railways (LDZ) board chairman Mr Edvins Bērziņš withdraw a statement alleging that the government is attempting to secretly privatise the state-owned railway, an act the PA says is designed deliberately to mislead the public.

May 13, 2019 | Financial

Arriva sues DfT over East Midlands franchise

ARRIVA has followed Stagecoach in launching legal action against the British government’s Department for Transport (DfT) over its failed bid for the East Midlands franchise.

May 13, 2019 | Financial

CAF revenue and profit up as order backlog exceeds €8.5bn

REVENUE at CAF, Spain, increased 45% year-on-year in the first quarter of 2019 to €636.4m while Editda increased by 29% to €57.4m. However, the manufacturer reported a total loss of €16.4m due mainly to the higher level of debt added following the acquisition of Solaris.

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