Finance

The Transpennine Route Upgrade (TRU) is investing around £100 million in a new rail depot in Shipley. The scheme, which was announced on Thursday 14 March by Rail Minister Huw Merriman MP during a visit to Shipley Station, forms part...

Rolling stock financier and asset management company Porterbrook has agreed a deal to take a 49% stake in Brodie Engineering. The Kilmarnock-based company is the only active rail engineering business in Scotland, specialising in heavy maintenance, refurbishment and overhauls for...

The Office of Rail and Road (ORR) has today published its annual Rail Industry Finance (UK) statistical report. The report shows the income, expenditure and government funding of the UK rail industry for the financial year 1 April 2022 to...

Hitachi Rail has been given clearance to proceed with its €1.66 billion acquisition of Thales’ Ground Transportation Systems business today. The publication of the European Commission’s (EC) approval means that the deal has now received clearance from all 13 competition...

After more than two years of industry and stakeholder engagement and analysis, the Office of Road and Rail (ORR), the independent regulator that oversees Network Rail's activity, today announced its final determination. This sets out what the ORR expects to...

The University of Birmingham, supported by Siemens Mobility, has been awarded £15 million by the UK Research Partnership Investment Fund (UKRPIF) to establish a new world-leading railway research and innovation centre at Goole in the East Riding of Yorkshire. The...

Transport for West Midlands (TfWM) has been awarded £60 million towards completion of the next phase of the Wednesbury to Brierley Hill Metro extension. The Government cash windfall was announced with the region’s Deeper Devolution Deal and will be used...

Leading rail charities Railway Benefit Fund (RBF) and Railway Mission have come together to provide ‘Make a Will Month’ this March. The event, kindly supported by the Retired Rail Officers Society (RROS), will offer everyone in the rail industry...

Unipart Rail has sold its Westcode UK business to Knorr-Bremse. Westcode specialises in rail vehicle engineering, in particular maintenance, repair, and refurbishment services in relation to braking, climate control, and door systems. Based in Wiltshire, its customers include rolling stock...

The Railway Benefit Fund (RBF) has launched a new Retired Fund, which is designed to meet the financial needs of the older population. The Retired Fund offers applicants a maximum grant of £500 to support with the expenses that can...