Buying new trains is an expensive, long-term business. It can also be a lucrative one, as evidenced by the dominance of major international financial institutions and pension funds in the British rolling stock market.

But what happens when the landscape changes and that long-term investment is disrupted by the earlier-than-expected replacement of train fleets?
(Permalink) RAIL Rolling stock

Railway rolling stock fat cats paid out £1 billion dividends during pandemic year.
(Permalink) RMT Rolling stock