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Issue 662 - 17 December 2014: Business Briefing
Virgin tie-up boosts Stagecoach profits but bus margin falls

Virgin tie-up boosts Stagecoach profits but bus margin falls
John W E Helm

A big increase in profits at  joint venture company Virgin Rail Group has boosted Stagecoach Group results for the six months to 31 October 2014. Group revenue increased 4.8% to £1.545bn (H1 2013: £1.474bn),... continue

Detail

Kier explores Mouchel takeover
Kier Group, the construction and services group, has held takeover talks with Mouchel, the infrastructure and business services company. Mouchel was... continue

Balfour rejects John Laing approach
Balfour Beatty has rejected a proposal from John Laing Infrastructure Fund to acquire its entire Public Private Partnership (PPP) portfolio for about... continue

Gatwick lodges Heathrow complaint
Gatwick Airport has complained to the Airports Commission about the Back Heathrow campaign, which it says is a front for the airport. “Back... continue

Councils prepare to take control of TRICS
A local authority trading company will take over the management of TRICS, the national trip rate database, from JMP Consultants next... continue

Amey to manage Forth road bridges
Transport Scotland has awarded Amey LG Ltd the contract to manage the Forth Road Bridge and new Queensferry Crossing. The contract will take effect... continue

Mott MacDonald/Grontmij JV for M20
The Highways Agency has appointed a Mott MacDonald/Grontmij joint venture to undertake preliminary design for improvement works around junction 10 of... continue

Trafford shortlists transport partners
Trafford Council in Greater Manchester has shortlisted bidders for its highways, streetlighting and technical services partnership contracts. Details... continue

MBNA sponsors Tube map
Contactless card issuer MBNA is to sponsor London’s iconic Tube map for one-year. The deal is part of Transport for London’s plans to... continue