You can now get up to 20 free RNS alerts every day as a registered member. Clickhere to set-up your alerts.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksNEX.L Share News (NEX)

  • There is currently no data for NEX

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK PM pledges 3 bln stg for England's bus network

Mon, 15th Mar 2021 07:49

LONDON, March 15 (Reuters) - British Prime Minister Boris
Johnson will invest 3 billion pounds ($4.17 billion) in
England's bus network, aiming to provide more frequent, cheaper
services to encourage people to catch the bus instead of using
the car.

Under the shake-up of England's bus industry, the government
said it will add hundreds of miles of new bus lanes, bring in
contactless payments on all buses, and provide more evening and
weekend services.

"Our reforms will make buses the transport of choice,
reducing the number of car journeys and improving quality of
life for millions," Prime Minister Boris Johnson said in a
statement.

In England, private companies such as Stagecoach and
Go-Ahead, are contracted to run bus services. They have
been financially supported by the government in the pandemic as
passenger numbers plunged.

Under Johnson's new plans, the Department for Transport said
that local authorities and operators would form partnerships to
deliver the services, or could develop franchise agreements.

The plans will help provide better services in parts of the
country which suffer from poor public transport links, said
Johnson, fitting in with his "levelling up" agenda.

The government said it will also bring in 4,000 new electric
or hydrogen buses and end sales of new diesel buses to cut
emissions.

Stagecoach Chief Executive Martin Griffiths said in a
statement he welcomed the ambition of the government's new bus
strategy, adding that the importance of buses in local
communities had long been overlooked.

"It is critical that the new bus strategy is matched by the
right level of funding, consistent policy across government and
a flexible partnership approach which prioritises benefits for
customers," he said.
($1 = 0.7187 pounds)
(Reporting by Sarah Young; Editing by Kate Holton)

More News
14 Oct 2021 11:06

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

Read more
14 Oct 2021 09:09

National Express moves closer to pre-pandemic revenue levels

(Sharecast News) - National Express reported a "sequential improvement" in performance in the third quarter on Thursday, with revenue up to 83% of the equivalent period ore-pandemic in 2019 on a constant currency basis, compared to 76% in in the second quarter.

Read more
13 Oct 2021 16:09

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
12 Oct 2021 09:35

TOP NEWS: Stagecoach merger talks continue; reiterates annual guidance

TOP NEWS: Stagecoach merger talks continue; reiterates annual guidance

Read more
12 Oct 2021 07:44

LONDON MARKET PRE-OPEN: easyJet gets demand boost after UK rules eased

LONDON MARKET PRE-OPEN: easyJet gets demand boost after UK rules eased

Read more
11 Oct 2021 11:48

LIVE MARKETS-European luxury: the Q3 China question

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
11 Oct 2021 11:32

LIVE MARKETS-Expected: a correction before Christmas

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
11 Oct 2021 10:54

LIVE MARKETS-How to spend those 1 trillion euros

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
28 Sep 2021 12:12

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

Read more
27 Sep 2021 09:31

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

Read more
21 Sep 2021 16:56

LONDON MARKET CLOSE: Europe ends higher as M&A adds impetus in London

LONDON MARKET CLOSE: Europe ends higher as M&A adds impetus in London

Read more
21 Sep 2021 12:10

LONDON MARKET MIDDAY: Stocks bounce back as markets eye US Fed meeting

LONDON MARKET MIDDAY: Stocks bounce back as markets eye US Fed meeting

Read more
21 Sep 2021 10:57

SMALL-CAP WINNERS & LOSERS: Stagecoach accelerates on merger hopes

SMALL-CAP WINNERS & LOSERS: Stagecoach accelerates on merger hopes

Read more
21 Sep 2021 09:14

UPDATE 2-FTSE 100 recovers 1% on energy, healthcare stock boost; Entain jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Kingfisher top FTSE 100 loser despite positive results* Royal Dutch Shell sells U.S. oilfield assets* Stagecoast surges on merger talks wit...

Read more
21 Sep 2021 08:58

LONDON MARKET OPEN: Pershing Square rises 6% on Universal Music debut

LONDON MARKET OPEN: Pershing Square rises 6% on Universal Music debut

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.