West Coast Main Line deal scrapped after contract flaws discovered
The decision to award the UK’s multi-billion-pound West Coast Main Line rail franchise to FirstGroup has been scrapped by the UK government.
The West Coast route serves 31 million passengers travelling between London, the West Midlands, the North-West of England, …
Bank of Japan increases asset purchase programme
The Bank of Japan (BoJ) has extended its asset purchasing programme by 10 trillion yen ($126bn; £78bn), following similar moves by the Federal Reserve and the European Central Bank.
The move, aimed at boosting the Japanese economy, increases the overall …
Bankers’ Bonuses – the latest news
Despite a fall in bonuses paid in the finance and insurance industry, they remain noticeably higher than in any other area of the economy.
Of the £37 billion paid in bonuses across Great Britain in 2011/12, £13 billion was paid …
More train delays!
The deal to hand the West Coast Main Line rail franchise to First Group is to be delayed following a legal challenge by Virgin (the current operator).
Virgin has made an application for a judicial review of the decision to …
Virgin Trains takes West Coast Main Line court action
Virgin Trains has started court proceedings over the government’s decision to award a new franchise to rival transport company FirstGroup.
The move came hours before the Government was due to sign off a controversial deal giving responsibility for the route …