The Sunday Times is reporting that National Express is moving to a 'management contract' on its East Coast franchise
National Express has struck a deal with the government to abandon its east-coast train franchise, which should prepare it for a 400 million pound rights issue and a boardroom reshuffle.
Time for some wise words courtesy of the Daily Telegraph, 15th August 2007...
"We have had a very simple bidding philosophy,'' said Mr Bowker. ''We will not bid at levels we think are unsustainable or undeliverable - there's no point in being a hero for a day and a villain forever more afterwards."
Will NX shareholders take the same view?
Grimsby and Back
3 years ago
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