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Hong Kong's MTR Corp beats UK rivals to £1.4bn Crossrail deal

Fri, 18th Jul 2014 12:55

Hong Kong transport group MTR Corporation has won a £1.4bn deal to run London's new Crossrail rail link, beating off competition from rivals Go-Ahead, National Express and Arriva.MTR, which already runs the London Overground network with Arriva, will run Crossrail for up to 10 years, Transport for London (TfL) said in a statement.MTR will start running services from May 31st, 2015, between Liverpool Street and Shenfield in Essex, taking over stopping services run by Abellio Greater Anglia. They Iwill use the existing trains on the route.It will use existing trains during the early part of the contract, but will work closely with TfL, Bombardier and Crossrail on the launch of new trains due to enter service from 2017.The new underground part of the Crossrail link through Canary Wharf, the City and the West End will open in late 2018, with the full route running from late 2019.Go-Ahead, which runs the Southern, Southeastern and London Midland rail franchises and has won the new Thameslink contract, said it was disappointed not to have won Crossrail, for which it made a joint bid with Keolis, the overseas arm of French state railway SNCF.It said: "Go-Ahead's bid team continues to work on other upcoming opportunities."National Express, which has renewed its deal to run the Essex Thameside rail franchise, said: "We submitted a strong, customer-focused bid we believe would have delivered an excellent service and a fair deal for taxpayers. We are naturally disappointed and will be seeking feedback."Arriva, which is owned by German state railway Deutsche Bahn, already runs the Arriva Trains Wales and Cross Country franchises.Shares in Go-Ahead fell 37p or 1.6% to 2252p and National Express dropped 2.2p or 0.8% to 258.1p by 12:10 in London.PW
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4 Aug 2022 10:56

SMALL-CAP WINNERS & LOSERS: Mears profit climbs, Secure Trust's slides

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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4 Aug 2022 09:33

Kinetic lifts takeover offer for Go-Ahead by £22m

(Sharecast News) - Australian bus group Kinetic and Spanish infrastructure specialist Globalvia have lifted their takeover offer for London-listed transport operator Go-Ahead by £22m.

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4 Aug 2022 09:01

LONDON MARKET OPEN: FTSE 100 underperforms amid pre-BoE trepidation

(Alliance News) - The FTSE 100 underperformed European peers and traded sideways in early dealings on Thursday, with the Bank of England to take centre-stage during a week that so far has been dominated by tensions between the US and China.

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4 Aug 2022 07:54

LONDON MARKET PRE-OPEN: Next and Serco up outlook but Hikma lowers

(Alliance News) - Stock prices in London are seen opening ever-so-slightly higher, falling short of the more convincing gains seen in Asia, with investors wary ahead of the latest Bank of England interest rate decision.

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1 Aug 2022 16:01

UK shareholder meetings calendar - next 7 days

Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
Thursday 4 August 
Glantus Holdings PLCAGM
Investec PLC and LtdAGM
STM Group PLCAGM
Starcrest Education LtdAGM
Friday 5 August 
JPMorgan Global Core Real Assets LtdAGM
San Leon Energy PLCEGM
San Leon Energy PLCGM
Trian Investors 1 LtdEGM re removal of three current directors
Trian Investors 1 LtdAGM
Verditek PLCAGM
Monday 8 August 
Altus Strategies PLCGM re merger with Elemental Royalties Corp
Bushveld Minerals LtdAGM
Essentra PLCGM re unit sale
Go-Ahead Group PLCGM regarding takeover by Kinetic and Globalvia
Oscillate PLCAGM
  
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25 Jul 2022 19:24

More UK travel chaos as another rail union announces strike action

(Alliance News) - Another UK rail union has announced strikes in the worsening dispute over jobs, pay and conditions – threatening travel chaos in the coming weeks.

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21 Jul 2022 14:51

Go-Ahead affirms support for takeover offer as Kelsian withdraws

(Alliance News) - Kelsian Group Ltd on Thursday confirmed it will not make an offer to buy UK transport provider Go-Ahead Group PLC, as Go-Ahead reiterated its support for a rival takeover bid by a consortium of Kinetic Tcp Pty Ltd and Globalvia Inversiones Sau.

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21 Jul 2022 10:28

SMALL-CAP WINNERS & LOSERS: Go-Ahead suitor pulls out; Costain rises

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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21 Jul 2022 08:37

Kelsian abandons pursuit of Go-Ahead

(Sharecast News) - Australian bus and ferry services group Kelsian has abandoned its pursuit of London-listed transport operator Go-Ahead, pinning the blame on market volatility.

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21 Jul 2022 07:59

LONDON MARKET PRE-OPEN: Ocado interim loss widens; S4 warns on profit

(Alliance News) - Stock prices in London are seen opening a touch lower on Thursday, following a mixed day in Asia and ahead of the European Central Bank's first interest rate hike in over a decade.

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19 Jul 2022 09:50

LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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11 Jul 2022 13:46

Kelsian refuses to rule out bidding war for Go-Ahead

(Sharecast News) - Australia's Kelsian Group urged shareholders in Go-Ahead Group not to take any action on Monday, as it continued to mull its own potential offer for the British business.

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11 Jul 2022 10:42

SMALL-CAP WINNERS & LOSERS: MJ Gleeson expects to outperform views

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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11 Jul 2022 08:42

Go-Ahead buses as busy as pre-Covid times in promising virus recovery

(Alliance News) - Go-Ahead Group PLC on Monday said it expects a "busy summer ahead" as the transport operator's customer numbers surge as Covid-19's grip on the market weakens.

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11 Jul 2022 07:56

Go-Ahead expects to report 'good' FY performance as demand recovers

(Sharecast News) - Transport operator Go-Ahead said on Monday that it expects to report a "good" performance for the year to 2 July as passenger demand recovers.

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