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Issue 660 - 14 November 2014: Business Briefing

Slow recovery for FirstGroup’s buses but rail revenue slumps
John W E Helm

Cutbacks in state support for UK rail franchises have depressed FirstGroup financial results for the first six months ended 30 September 2014. Group revenue dropped 10.9% to £2.941bn (H1 2013: £3.301bn).... continue


Atkins announces restructuring
Consultant Atkins is bringing together its UK rail and highways & transportation businesses into a new business unit as part of a wider... continue

Somerset renews Parsons contract
Somerset County Council has extended its relationship with consultant Parsons Brinckerhoff (PB) with the award of a nine-year contract to provide... continue

FirstGroup awarded Taunton P&R
Somerset County Council has awarded FirstGroup the contract to run Taunton’s park-and-ride service. FirstGroup’s Taunton-based operation,... continue

Balfour wins Derby road contract
Derby City Council has awarded Balfour Beatty a £9.5m contract to build the T12 Derby Link Road, a 1.5-mile single carriageway road to serve... continue

EGIP contractors appointed
Network Rail has awarded alliancing contracts to Costain and Morgan Sindall for a £250m programme of works for the Edinburgh-Glasgow... continue

Freightliner ‘up for sale’
UK railfreight operator Freightliner has been put up for sale by its Bahraini owners Arcapital, the Wall Street Journal has reported.... continue