Thursday 22 October 2009

NX Interim Management Statement

This issued today...

"Discussions continue on the hand back of the East Coast rail franchise.

"At 30 September, £34 million of the available £40 million Group loan to this franchise had been utilised.

"Ongoing losses have been charged against the contract exit provision established at the half year.

"We are working towards agreeing a formal handback date for the franchise, prior to year end.
"