6.6 C
London
Friday, March 1, 2024

Finance

RELATED

Porterbrook takes stake in Brodie Engineering

Rolling stock financier and asset management company Porterbrook has agreed a deal to take a 49% stake in Brodie Engineering. The Kilmarnock-based company is the only active rail engineering business in Scotland, specialising in heavy maintenance, refurbishment and overhauls for...

ORR report shows rail continues recovery with increased fares revenue and reduced government support

The Office of Rail and Road (ORR) has today published its annual Rail Industry Finance (UK) statistical report. The report shows the income, expenditure and government funding of the UK rail industry for the financial year 1 April 2022 to...

Hitachi Rail secures clearance for €1.66 billion Thales GTS acquisition

Hitachi Rail has been given clearance to proceed with its €1.66 billion acquisition of Thales’ Ground Transportation Systems business today. The publication of the European Commission’s (EC) approval means that the deal has now received clearance from all 13 competition...

ORR approves Network Rail’s CP7 funding plans

After more than two years of industry and stakeholder engagement and analysis, the Office of Road and Rail (ORR), the independent regulator that oversees Network Rail's activity, today announced its final determination. This sets out what the ORR expects to...

Universities win £15 million for new Railway Research and Innovation Centre in Goole

The University of Birmingham, supported by Siemens Mobility, has been awarded £15 million by the UK Research Partnership Investment Fund (UKRPIF) to establish a new world-leading railway research and innovation centre at Goole in the East Riding of Yorkshire. The...

West Midlands Metro extension to see £60 million cash boost

Transport for West Midlands (TfWM) has been awarded £60 million towards completion of the next phase of the Wednesbury to Brierley Hill Metro extension. The Government cash windfall was announced with the region’s Deeper Devolution Deal and will be used...

RBF and Railway Mission provide free will writing service through March

Leading rail charities Railway Benefit Fund (RBF) and Railway Mission have come together to provide ‘Make a Will Month’ this March. The event, kindly supported by the Retired Rail Officers Society (RROS), will offer everyone in the rail industry...

Knorr-Bremse acquires Westcode UK

Unipart Rail has sold its Westcode UK business to Knorr-Bremse. Westcode specialises in rail vehicle engineering, in particular maintenance, repair, and refurbishment services in relation to braking, climate control, and door systems. Based in Wiltshire, its customers include rolling stock...

Railway Benefit Fund launches Retired Fund

The Railway Benefit Fund (RBF) has launched a new Retired Fund, which is designed to meet the financial needs of the older population. The Retired Fund offers applicants a maximum grant of £500 to support with the expenses that can...

Historic England awards grant to repair remains of historic railway bridge

Historic England has awarded Durham County Council £161,000 to repair and revitalise the remains of the world’s first iron railway bridge. Completed in 1823, Gaunless Bridge was designed by ‘father of the railways’ George Stephenson and spanned the River Gaunless...

Latest News

Northern employees get specialist training to help victims of ‘unwanted sexual behaviour’

Northern has established a network of specially trained staff to help victims of ‘unwanted sexual behaviour’ (USB) on the...