Financial Archives - Page 260 of 388 - International Railway Journal

Financial

December 18, 2018 | Financial

EU “concerned” by impact of Siemens-Alstom merger on high-speed train market

EUROPEAN Union competition commissioner, Mrs Margrethe Vestager, has expressed concerns that the Siemens-Alstom merger could reduce competition in the market for high-speed rolling stock amid reports that one of the two manufacturers could sell its high-speed business.

December 12, 2018 | Financial

Siemens and Alstom move to allay EC concerns over merger

ALSTOM and Siemens submitted a remedy package to the European Commission (EC) on December 12 in response to the competition commissioner’s Statement of Objection on the proposed merger, which was issued to the two suppliers on October 29.

December 11, 2018 | Financial

RZD Logistics reports increase in revenue and profit

RUSSIAN Railways (RZD) subsidiary RZD Logistics reported Roubles 30.5bn ($US 459.3m) in revenue from the first nine months of 2018, up 28% from Roubles 23.9bn during the same period in 2017.

December 10, 2018 | Financial

Crossrail secures extra funds but completion date now unknown

A revised financing package for the final stages of London’s troubled Crossrail project has been confirmed by the Mayor of London, Mr Sadiq Khan, the Greater London Authority, and Transport for London (TfL) with the total cost of the project set to rise by £1.6-2bn.

November 30, 2018 | Financial

Large orders see revenue increase for Siemens

SIEMENS Mobility secured orders worth €10.9bn in the 2018 financial year which ended on September 30, a 22% increase from the €8.9bn reported in 2017.

November 27, 2018 | Middle East

UAE agrees finance for Etihad Rail Stage 2

THE UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement to finance Stage 2 of the Etihad Rail network.

November 22, 2018 | Financial

Alitalia accepts purchase offer from FS

THE government-appointed commissioners of Italian national airline Alitalia have accepted an offer from Italian State Railways (FS) to acquire Alitalia, beating bids submitted by EasyJet and Delta Airlines.

November 22, 2018 | Freight

Czech government scraps CD Cargo privatisation plan

CZECH minister of transport, Mr Dan Ťok, announced at a press conference in Prague on November 21 that the government has decided to abandon plans to privatise rail freight operator CD Cargo.

November 21, 2018 | Financial

Australian competition authority approves Vossloh’s Austrak acquisition

THE Australian Competition and Consumer Commission (ACCC) announced on November 15 that it will not oppose Vossloh’s proposed acquisition of Austrak.

November 14, 2018 | Financial

FirstGroup rail division records revenue growth, decline in operating profit

FIRSTGROUP’s First Rail division generated £1.2bn in revenue in the six months to September 30, up 80.7% from £677.4m in the same period in 2017. Adjusted operating profit was £29.3m compared with £31.1m in 2017, down 5.8%, while the adjusted operating margin dropped from 4.6% to 2.4%.

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