Business Headlines:

  • Network Rail profits and revenue fall 'as expected'

    Network Rail profits and revenue fall 'as expected'

    Network Rail has revealed that its profits and revenue have fallen in the last financial year, in line with the expectations of the Office of Rail Regulation, which has reduced track access charges. Chief executive Iain Coucher said he is watching the progress of government cuts, but does not expect any changes to NR budgets.

  • Eccles to replace Green on Network Rail board

    Eccles to replace Green on Network Rail board

    Graham Eccles is due to replace Chris Green as a non-executive director at Network Rail in July. Mr Eccles, who has 45 years of experience in the railway industry, is one of two new appointments which will depend on the agreement of members at Network Rail's Annual General Meeting.

  • Network Rail names new non-exec directors

    Network Rail has announced the appointment of two new non-executive directors, Lawrie Haynes and Janis Kong. Lawrie Haynes is a successful chairman and chief executive, and Janis Kong has much experience of operating businesses where customer relationships have been critical.

  • £300m invitation to tender issued for Bond Street tube

    £300m invitation to tender issued for Bond Street tube

    Transport for London has issued the Invitation to Tender for the £300 million redevelopment of Bond Street Underground station. Three prequalified organisations have been invited to tender.

  • Salveson moves from Northern to Grand Central

    Salveson moves from Northern to Grand Central

    The man who played the lead role in founding the Association of Community Rail Partnerships is on the move again. Paul Salveson is leaving his post at Northern to join open-access operator Grand Central.