Council partnership and operator marketing helps double ridership in less than a decade Bus use in East Kent has doubled in less than a decade on Stagecoach services, according to new figures. Figures compiled by the operator show more than 28.6m passenger trips were made on its services in East Kent in 2011 – up [...]
Tag Archives: Growth
Eurotunnel on track for steady growth
Groupe Eurotunnel SA is on track for steady growth – according to its annual result for 2011. Jacques Gounon, chairman and CEO of Groupe Eurotunnel SA, stated: “In 2011, the Eurotunnel Group made a clear profit and generated significant cash flows despite the uncertain economic climate.
Bus and coach registrations: February increase welcomed
The Society of Motor Manufacturers and Traders (SMMT) has released figures showing a ‘welcome life’ for the bus and coach industry in February. The figures show:
Factories revisit plans as optimism falls
Small and medium-sized UK manufacturers expect no growth in demand and output over the coming quarter, and are reappraising their business plans as a result. This was the message from the CBI last week, based on the results of the 411 respondents to the CBI’s latest quarterly SME trends survey, with 18% of manufacturers reporting [...]
Economic growth forecast lowered to 1.5%
The Bank of England (BoE) last week lowered the UK’s economic growth forecast to 1.5%, and signalled that an early rise in interest rates was off the agenda. Speaking at a press conference after the publication of the Bank’s latest quarterly forecasts, the BoE governor Sir Mervyn King blamed concerns over indebtedness in the Eurozone [...]
First half growth for NX
Group sees revenue grow across core UK bus and coach networks National Express Group (NX) has announced its half yearly report ended June 30 with an overall 23% operating profit rise, including both its UK bus and coach divisions delivering significant revenue growth. NX group revenue grew by 6%, with normalised operating profit rising by [...]
0.2% growth for UK GDP doesn’t defy hopes, says Flanders
One-off factors have affected the figure, the ONS has said UK Bus Awards presenter Stephanie Flanders has said UK economy growth figures out last week, were far below ideal but not disappointing due to low expectations. Gross Domestic Product (GDP) grew by 0.2% in the second quarter, according to the Office for National Statistics (ONS), [...]
UK service sector sustains ‘solid’ growth in June
The UK service sector sustained “solid” growth in June as volumes of new business continued to rise, according to a closely-watched index. The Markit/Cips services purchasing managers’ index (PMI) edged up to 53.9 in June from 53.8 in May. A reading above 50 indicates expansion. But Markit warned that job creation in the sector remained [...]
