PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSGC.L Share News (SGC)

  • There is currently no data for SGC

Watchlists 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
21 Sep 2021 08:46

TOP NEWS: National Express, Stagecoach plan merger to create bus giant

TOP NEWS: National Express, Stagecoach plan merger to create bus giant

Read more
21 Sep 2021 08:10

LONDON BRIEFING: National Express eyes cost cuts in Stagecoach merger

LONDON BRIEFING: National Express eyes cost cuts in Stagecoach merger

Read more
21 Sep 2021 07:51

LONDON MARKET PRE-OPEN: National Express, Stagecoach in merger talks

LONDON MARKET PRE-OPEN: National Express, Stagecoach in merger talks

Read more
21 Sep 2021 07:33

UPDATE 2-National Express in talks for all-share takeover of Stagecoach

* Stagecoach shareholders would own 25% in merged group* Potential deal would value Stagecoach at 445 mln stg* Stagecoach shares jump 20%, National Express up 7%* Companies say no certainty a formal offer will be made (Adds background, analyst comme...

Read more
21 Sep 2021 07:33

UPDATE 1-UK transport group National Express in takeover talks to buy rival Stagecoach

(Adds with National Express statement)LONDON, Sept 21 (Reuters) - British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, which would result in cost savings and provide new growth opp...

Read more
21 Sep 2021 07:25

National Express in merger talks with Stagecoach

(Sharecast News) - Transport operator National Express confirmed on Tuesday that it is in talks with rival Stagecoach about a possible merger.

Read more
21 Sep 2021 07:11

Stagecoach in talks about all-share merger with National Express

LONDON, Sept 21 (Reuters) - British transport company Stagecoach Group said it was in talks with rival operator National Express about a possible all-share merger, which would result in cost savings and provide new growth opportunities.Under the ...

Read more
27 Aug 2021 17:24

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
25 Aug 2021 08:25

EY to pay £2.2m in penalties over Stagecoach audit

(Sharecast News) - The Financial Reporting Council issued a final decision notice to EY on Wednesday, and imposed sanctions against the big four accounting firm, over the statutory audit of Stagecoach Group 2017 financial year.

Read more
25 Aug 2021 07:36

UPDATE 2-EY fined 3.5 mln stg for failings in Stagecoach audit

(Adds EY comment)LONDON, Aug 25 (Reuters) - Britain's accounting watchdog said on Wednesday it had fined EY 3.5 million pounds ($4.8 million) for failing to challenge financial statements in its audit of transport group Stagecoach Group's in 2017....

Read more
6 Jul 2021 18:00

TRADING UPDATES: Stagecoach welcomes new government cash for buses

TRADING UPDATES: Stagecoach welcomes new government cash for buses

Read more
5 Jul 2021 09:37

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

BROKER RATINGS: Deutsche Bank lifts Flutter to Buy; Goldman cuts IMI

Read more
2 Jul 2021 09:57

BROKER RATINGS: Jefferies says Buy Barratt Developments and Bellway

BROKER RATINGS: Jefferies says Buy Barratt Developments and Bellway

Read more
1 Jul 2021 13:45

Thursday broker round-up

(Sharecast News) - Ascential: Berenberg upgrades to buy with a target price of 485p.

Read more
1 Jul 2021 09:51

BROKER RATINGS: Credit Suisse upgrades Legal & General and StanChart

BROKER RATINGS: Credit Suisse upgrades Legal & General and StanChart

Read more

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.