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Talgo IPO set for next month THE Spanish National Commission of Markets and Competence (Omie) has authorised Talgo to proceed with an Initial Public Offering (IPO) of 45% of its shares at a price of €9-11.5, which values the rolling stock manufacturer at between €1.232bn and €1.574bn.
record-first-quarter-for-canadian-pacific
CANADIAN Pacific Railway (CP) announced its results for the first three months of 2015 on April 21, revealing the railway achieved its lowest-ever first quarter operating ratio and highest-ever net income for the period. Revenues climbed...
talgo-ipo-set-for-next-month
THE Spanish National Commission of Markets and Competence (Omie) has authorised Talgo to proceed with an Initial Public Offering (IPO) of 45% of its shares at a price of €9-11.5, which values the rolling stock...
öbb-reports-strong-results-for-2014
AUSTRIAN Federal Railways (ÖBB) CEO Mr Christian Kern and CFO Mr Josef Halbmayr presented the company's annual results at Vienna's new Main Station on April 17, revealing that the railway maintained its recent strong financial...
third-year-of-profits-for-slovenian-railways
A continuing recovery in freight traffic helped Slovenian Railways (SZ) to achieve profitability for the third successive year in 2014, according to the company's unaudited annual results, which were published on April 15. Net profit declined...
ricardo-purchases-lloyd’s-register-rail-for-£425m
BRITISH engineering and environmental specialist Ricardo has purchased Lloyd's Register Group's railway consulting subsidiary Lloyd's Register Rail for £42.5m. The deal was signed by the CEOs of Ricardo, Mr Dave Shemmans (pictured left), and Lloyd's...
germany-rail-industry-revenue-up-25-in-2014
THE German rail industry achieved a 25% increase in revenue last year to €12.5bn, with domestic orders rising 26% from €5.3bn to €6.7bn and exports increasing by 23% from €4.7bn to €5.8bn. The results were...
ntv-staff-strike-at-proposed-workforce-cuts
WORKERS at NTV, Italy's open-access high-speed operator, went on strike for the first time on April 10 as the operator pushes ahead with plans to dismiss 246 staff, or a quarter of the company's workforce,...
cnr-csr-merger-approved
THE merger between China's two largest train builders, CNR and CSR, has been approved by China's Securities Regulatory Commission and the Ministry of Commerce, and according to Xinhua the process could be completed by June....
amtraks-oregon-service-under-threat
AMTRAK's Cascades service between Portland and Eugene will end if Oregon's state legislature enacts the budget adopted by its Joint Ways and Means Committee last week, which proposes slashing funding for the daily state-backed service...
railways-should-rethink-approach-to-procurement
Speaking at the Railway Forum in Berlin last month, Dr Martin Platzer, senior vice-president with rail and turnout specialist Voestalpine, made a plea for European railways to start purchasing equipment and systems on the basis...