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...Shares in Mobico fell over 5 per cent after the UK-based transport group said chief financial officer James Stamp would stand down by June after accounting issues affecting its train business in Germany...
...IAG has not issued financial guidance for the rest of the year, but analysts forecast another €3.5bn in operating profit, on par with last year’s record....
...British transport group Mobico said chief financial officer James Stamp would stand down in June after accounting issues affecting the group’s German rail business caused it to delay the publication of its...
...Chief financial officer Prashanth Mahendra-Rajah said the company was “exactly where we want to be” in terms of longer term bookings growth....
...Revenues hit a record £3.1bn last year, up by £265mn from 2022....
...Now it expects capacity to grow no more than 3 per cent....
...The outcome was an unsustainable €3bn of net debt, as of March 2024, equivalent to 3 times ebit....
...Its $3.9bn of free cash outflow was almost five times outflows of $786mn for the same period last year, though slightly lower than the $4bn-$4.5bn it had warned of in March....
...Inflation remains above the central bank’s target range of 1-3 per cent. Rents, housing and energy were the principal drivers of inflation, offsetting cheaper transport....
...The rebound in travel, with a record 3.1mn visitors in March, has boosted tourism spending to a quarterly record this year and is helping the Japanese government get closer to its goal of ¥15tn ($96bn) in...
...“We are seeing growth in all markets and in all classes [of travel],” said chief financial officer Javier Echave....
...The company argued in a submission to Ofcom on April 3 that it should be allowed to deliver second-class mail and bulk business mailings only three days a week, instead of the current six....
...This contrasts with a net £3.8bn returned by franchised rail operators to the taxpayer over the decade to March 2019....
...Alstom had net debt of just under €3bn at the end of March, but rating agency Moody’s, which had urged the group to reduce its ratio of gross debt to core profits to 3.7 from above 4.5, also takes into account...
...Interior minister Gérald Darmanin in January announced bonuses of up to €1,900 for police officers to head off a revolt....
...Newcastle United football club director Amanda Staveley faces paying a Greek shipping magnate almost £3.5mn after losing a legal bid to prevent him from pursuing bankruptcy proceedings against her....
...According to filings, Khosrowshahi, chief legal officer Tony West and chief people officer Nikki Krishnamurthy now have the rights to buy a collective total of 2.25mn shares, which are worth about $175mn...
...Today’s newsletter looks at the ripple effects of the move to electrify transport....
...According to paperwork that was later filed by customs officers, the item weighed 11kg and was listed as costing $40,000. It was destined for S7, Russia’s second-largest airline....
...It created a board-level aerospace safety committee and a chief safety officer role....
...The company is expecting to report a 22 per cent rise in revenue over the period when it publishes first-half earnings next month, to about £3.3bn, in part driven by a strong performance from the group’s...
...FourWorld chief investment officer John Addis told the Financial Times it was “one of the most egregious cases we have ever seen” of a majority shareholder taking advantage of minority interests....
...But Sambit Banerjee, joint chief executive officer of Siemens Mobility in the UK and Ireland, warned that more trains are needed for the wider UK railway....
...Shipping currently accounts for around 3 per cent of global carbon emissions annually....
...The German transport ministry did not respond to a request for comment....
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