Commentaries

National Express heads for the buffers

July 30, 2009

You might have thought that the Spanish had learned from observation that British transport businesses are much riskier than they look. Ferrovial’s purchase of airports operator BAA has turned into a financial plane crash, but perhaps it’s the hope of¬†clawing back some of its paper losses on National Express that has encouraged their fellow Spaniards in the¬†Cosmen family to consider buying the whole business.

from Neil Collins:

East Coast rail franchise crashes: Bowker unhurt

July 1, 2009

Richard Bowker is a man who appears entirely untroubled by self-doubt. Even as he was scrambling clear of the financial train-wreck that is today's National Express, he smoothly explained that he's been in talks for weeks lining up his next destination, running trains for the United Arab Emirates.