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
10 Mar 2022 18:00

FTSE 100 weighed down by banks and oil firms; Rio Tinto slumps

March 10 (Reuters) - London's FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend.

Read more
10 Mar 2022 11:01

National Express happy to ride solo but Stagecoach remains on radar

March 10 (Reuters) - National Express does not necessarily need to buy rival Stagecoach to boost revenue and profit, although it is still considering its options after it was outbid by a new suitor this week, the transport company said on Thursday.

Read more
10 Mar 2022 08:48

TOP NEWS: National Express mulls options after Stagecoach rejection

(Alliance News) - National Express Group PLC on Thursday posted a narrowed annual loss and said it is "considering its options" after being spurned by Stagecoach Group PLC.

Read more
10 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Balfour ups dividend; DS Smith trades in line

(Alliance News) - Stock prices in London were called to open lower on Thursday with the European Central Bank and US inflation figures taking centre stage while hope for peace in Ukraine emerges.

Read more
10 Mar 2022 07:07

National Express delivers improved FY performance as demand recovers

(Sharecast News) - Public transport operator National Express said on Thursday that full-year revenue, underlying earnings and pre-tax profits had all improved year-on-year in 2021 as demand for its services recovered "significantly" during the period.

Read more
9 Mar 2022 18:25

StageCoach takes different route after new suitor trumps National Express bid

March 9 (Reuters) - British bus and rail operator StageCoach on Wednesday backed a 594.9 million pound ($780 million) takeover offer from a European infrastructure fund that trumps a bid by rival National Express.

Read more
9 Mar 2022 18:18

Optimistic M&A could return as Stagecoach spurns National Express

(Alliance News) - National Express Group PLC's trumped offer for Stagecoach Group PLC from German asset manager DWS has breathed life back into the M&A market amid fears activity would dry up amid geopolitical pressures.

Read more
9 Mar 2022 17:08

LONDON MARKET CLOSE: Stocks rise amid hopes to settle Ukraine conflict

(Alliance News) - Stocks in London on Wednesday were attempting to claw back steep losses incurred since Russia's invasion of Ukraine as investors grew hopeful a diplomatic solution could be found.

Read more
9 Mar 2022 12:21

LONDON MARKET MIDDAY: Stocks attempt to rally after Russia oil ban

(Alliance News) - European stocks bounced back on Wednesday, surging into positive territory around midday after a difficult week so far, as investors go searching for bargains.

Read more
9 Mar 2022 11:06

SMALL-CAP WINNERS & LOSERS: Stagecoach ditches National Express bid

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

Read more
9 Mar 2022 10:22

UPDATE: National Express notes rival Stagecoach takeover offer

(Alliance News) - National Express Group PLC on Wednesday noted the announcement by Stagecoach Group PLC that it has accepted a new cash takeover offer and no longer recommends the all-share merger previously agreed with National Express.

Read more
9 Mar 2022 09:05

LONDON MARKET OPEN: Stocks surge after more Russia sanctions

(Alliance News) - European stocks raced ahead at the open on Wednesday with the confirmation of a ban on Russian oil not sapping renewed investor optimism.

Read more
9 Mar 2022 09:00

TOP NEWS: Stagecoach changes horses, accepts new cash takeover offer

(Alliance News) - Stagecoach Group PLC has walked away from its all-share merger with larger UK peer National Express Group PLC, opting for a cash offer instead.

Read more
9 Mar 2022 08:23

LONDON BRIEFING: Stagecoach and National Express both up after jilting

(Alliance News) - Stagecoach has walked away from its all-share merger with larger UK peer National Express, opting for a cash offer instead.

Read more
9 Mar 2022 07:58

LONDON MARKET PRE-OPEN: Stagecoach disembarks from National Express

(Alliance News) - Stock prices in London were set to rise at the open on Wednesday but are likely to remain volatile after the US and UK announced Tuesday they are cutting off imports of Russian oil, in the most far-reaching action yet by Western allies to punish Moscow for invading Ukraine.

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.