Stagecoach takeover could mark end of a profitable era for bus and train tycoons [The Guardian]
Date: 26/09/2021
The fortunes of Brian Souter's firm seem to have closely followed those of privatised public transport in the UK. It is testament to their dwindling empires that the proposed merger of Stagecoach and National Express, the UK's biggest rail and bus operators not so long ago, will not unduly trouble the competition authority. Stagecoach, which a decade back looked to swallow up National Express, now is set to be subsumed by its rival. The turnaround in its fortunes has been influenced by foreign ventures, and the pandemic has magnified all of its problems. But the firm's journey has notably followed the arc of privatised public transport in Britain.
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The fortunes of Brian Souters firm seem to have closely followed those of privatised public transport in the UK
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Tags: x Stagecoach x National Express x Merger x Bus x Railway x Franchise
