Today news
About the same in other media
Suspending shares is embarrassing, the saga of Southeastern rail is serious
Reading now: 553
theguardian.comThe most important item in Go-Ahead’s annual accounts last year, it turns out, was buried on page 188. Note 27 gave brief details of a dispute with the Department for Transport about past profit-sharing calculations on the Southeastern rail franchise, where Go-Ahead had a 65% stake in partnership with French firm Keolis.
The quarrel sounded dry, technical and the sort of thing that crops up from time to time on the railways. The accounts confidently asserted that should the DfT’s claim prove successful “the outflow of resources could be in the region of £8m”.
The small problem, however, keeps getting bigger. In September, the DfT stripped Southeastern of the franchise and accused the company of a “serious” breach of the franchise agreement.
Read more on theguardian.comAbout this in other media
Dubai ruler ordered to pay €645 million to his ex-wife and their children euronews.com /3 years ago
Cash grab or innovation? The video game world is divided over NFTs cnbc.com /3 years ago
French Cup match between Paris FC and Lyon suspended after fan violence euronews.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
