Rail fares frozen in first pause for 30 years Transport & Infrastructure A long-trailed freeze on regulated rail fares has come into effect across England, with ministers claiming the move will save passengers around £600m over the coming year. The move marks the first halt to annual increases in three decades. From this week, peak commuter returns and off-peak returns between major cities will not rise in [...]
Trainline shares tumble despite record sales ahead of national ticket app launch Business Trainline shares tanked on Thursday despite record full-year sales and the announcement of a £75m buyback programme. A bumper set of results failed to quell investor fears over the launch of a state-owned rival ticketing app in the UK, with the stock dropping more than 13 per cent in early deals. It came despite net [...]
Trainline shares fall as national ticketing service unveiled Transport and infrastructure Trainline shares dipped this morning after ministers unveiled plans to introduce a national rail ticket website as part of wide-reaching reforms The stock fell more than five per cent in early trading as investors reacted to the news. Great British Railways (GBR), the arms-length body that will oversee the UK’s reformed railway system, will bring [...]