London Underground firm heads down tubes
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The privately-owned group that maintains most of the London Underground (LU) train network went into administration Wednesday after running out of funds.
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Eurotunnel is to cut the regularity of its shuttle services through the Channel tunnel, in a move which could involve mothballing several of its unique trains, as it struggles to compete with cut-price ferry operators.
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A London tube driver took a train in the wrong direction through a tunnel and nearly ran head-on into another one on the same line, it was revealed on Thursday.
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Facing continued top-line weakness, the company may have to cut costs.
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Three strikes planned on the Tube next month are to go ahead, union leaders announce.
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The company that put power consumption on the map is thinking of getting out of the expensive business of making chips.
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Soaring fuel bills and the aftermath of terror attacks push profits at transport group Go-Ahead lower.
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Eurotunnel, the French-British group that operates rail traffic under the Channel linking France and Britain, plans to reduce its freight shuttle service by 15 percent from January 1, the company said in a statement.
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Large swathes of London's sprawling transport network shut down Monday evening after maintenance workers walked out in a dispute over job cuts, transfers and pensions.
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Billions of pounds have been splashed on repairing worn underground pipes since the privatisation of Britain&#039;s water industry in 1989, but network operators are still struggling to plug the leaks.
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London commuters were in for more chaos and disruption Tuesday as unions were set to embark upon a second day of strikes on the tube.
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Tube maintenance firm Metronet orders safety checks across the network following a rush hour train derailment.
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London tube firm Metronet calls in the administrators after suffering serious financial problems.
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Jarvis Plc, the UK engineer seeking to avoid collapse, said it may attract a new investor or a potential suitor after selling its stake in the London subway.
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The company is a second-string wholesaler no more.
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London Underground workers are meeting managers in a last-ditch bid to avert a strike on New Year&#39;s Eve, a day when the creaking Tube is always packed with revellers.
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A strike by London Underground which crippled tube services has been called off following peace talks.