National Express Will Shun U.K. Intercity Rail Auction, FT Says
Stock Chart for National Express Group PLC (NEX)
National Express Group Plc won’t bid for long-distance U.K. rail services, the Financial Times reported, citing unidentified people close to the company.
The government is likely to announce this week a revamp of the rail system, preparing the way for the reletting of several intercity franchises in the next year or two, including the West Coast main line between London and Glasgow, the newspaper said.
National Express will concentrate on retaining its two commuter rail services between London and eastern England, the FT said.
Last year, the company gave up its contract to run the London-Edinburgh main line because it couldn’t make it pay.
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