Railtrack developed a culture in which it regarded itself as a dictator and the rest of the industry as "supplicants" begging for favours under former chief executive Gerald Corbett, according to ...
Railtrack shareholders expecting an announcement about the future of the company today will have to wait a little longer to learn details of a rescue package for the company, the Department of ...
This outcome is the worst case scenario for Railtrack shareholders, who will almost certainly not get any money back. The company must first pay back its creditors before providing any return to ...
When he withdrew support from Railtrack, the privatised owner of the network, in 2001, it collapsed into administration. From the wreckage was born Network Rail, a not-for-profit organisation ...
This is, after all, what has happened before – with the ill-fated Railtrack, the privatised firm that took over the whole of the old British Rail track and infrastructure and went bust within ...
Plans to make someone involved in Edinburgh’s disastrous initial tram project the director of a council-owned transport company have been scrapped over concerns about further reputational damage to ...