TfL has set out its priorities up to 2020/21 in its draft Business Plan. It sets out £16bn of efficiencies and savings being made across TfL to support billions of pounds of investment in transforming the transport network. Among the key improvements are 1,700 hybrid buses, including 600 New Bus for Londons (NBfLs). It also […]
Stagecoach founder Sir Brian Souter’s family investment office, Souter Investments, has recruited two investment executives. Keith Barclay joins from Blas, the Edinburgh based corporate finance advisory boutique. He is a qualified lawyer having previously worked for Shepherd & Wedderburn. Maurice Shamash joins from Lloyds Banking Group where he was an Assistant Manager with responsibility for […]
First Glasgow has officially unveiled the ten acre site that in 2014 will become home to the company’s new £20m bus depot and headquarters at Gushetfaulds on the south side of the city. According to the operator, the new facility will be the biggest bus depot in the UK, with space for up to 450 […]
Stagecoach Group has been named the sixth most admired business in the UK in the Britain’s Most Admired Companies (BMAC) 2013 Awards, held by the BSI Group. The operator was also voted the top transport operator in the survey. Nearly 250 businesses across 26 sectors took part in the awards. Go-Ahead Group was ranked 98th […]
The past few months have seen growth in UK bus and coach registrations, reaching 623 units in November, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Mike Hawes, SMMT Chief Executive, said, ‘The bus and coach market has experienced a pleasing increase in the last four months, with registrations […]
John McFarlane is to replace Martin Gilbert as FirstGroup Chairman. John has joined the company’s board with immediate effect and will take on the new role from 1 January 2014, at which time Martin will retire from the board. John is Chairman of the insurance group Aviva Plc having joined the board in September 2011. […]
Arriva has acquired a majority stake in automotive technology company, Zeta Automotive Ltd. The acquisition was for an undisclosed sum and sees the operator take 51% of the company’s shares. Established in 1989, Zeta Automotive serves a range of blue chip clients and exports its technology to markets across the world. Based in Bicester, Oxfordshire, […]
Mayor of London, Boris Johnson, has confirmed that fares for TfL services will be frozen in real terms in 2014, with an average rise of RPI only (3.1%) from 2 January and a freeze on many fares at 2013 prices. On London’s buses, both the daily price cap and the cash fare for a single […]