- Financial Times•2 days ago
Japanese conglomerate Mitsui on Tuesday became the latest overseas company to announce plans to enter UK rail, saying it planned to buy 40 per cent of an operation serving East Anglia. The deal was announced ...
- Reuters - UK Focus•2 days ago
Dutch state-owned public transport firm Abellio has sold a 40 percent stake in its UK train operator in eastern England to Mitsui & Co., making the Japanese company the latest foreign firm to invest in Britain's rail network. Abellio said on Tuesday that Mitsui would become the minority partner in its Greater Anglia franchise, which it has operated since 2012, and which the British government renewed last year for the period to 2025. The deal follows the entry of Italy's Trenitalia into the UK rail network earlier this month to run services between London and commuter towns in Essex after UK-based operator National Express (Frankfurt: 02Z.F - news) decided to sell up.
- Reuters - UK Focus•9 days ago
National Express (Frankfurt: 888871 - news) agreed to sell a London rail contract to Italy's Trenitalia on Wednesday, marking the departure of what used to be one of the biggest names in British rail and the arrival of another foreign state-owned operator to the network. Britain privatised its rail services in the 1990s, and the network is now run by several UK-listed transport companies, as well as state-owned European rail groups including Germany's Deutsche Bahn, Abellio from the Netherlands and Keolis, majority-owned by France's SNCF. Marking the entry of Italy's state-run company into Britain, National Express said that Trenitalia would pay it 70 million pounds ($85 million) to run the C2C services between London and commuter towns in Essex until the contract ends in 2029.
NEX.L: Summary for NATIONAL EXPRESS GROUP PLC ORD - Yahoo Finance
National Express Group PLC (NEX.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||260.00 x 10000|
|Ask||450.00 x 53700|
|Day's range||341.10 - 345.80|
|52-week range||252.81 - 379.10|
|PE ratio (TTM)||21.22|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|