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Great Western Coffee Shop > All across the Great Western territory > Across the West > GWR Press Release - Statement re Great Western franchise
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Author Topic: GWR Press Release - Statement re Great Western franchise  (Read 2830 times)
ChrisB
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« on: December 08, 2016, 14:55:48 »
Quote
Released : 06.12.2016 (1458hrs)

                                FIRSTGROUP PLC

                     STATEMENT RE▸ (Religious Education) GREAT WESTERN FRANCHISE

 

FirstGroup plc notes that the Department of Transport (DfT» (Department for Transport - about)) is now assuming

that it will exercise its option to extend the Great Western direct award by 13

reporting periods to April 2020 in its latest franchise timetable, published

today.
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Tim
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« Reply #1 on: December 08, 2016, 15:11:19 »
what a weird wording.  Does this mean that the DfT» (Department for Transport - about) hasn't bothered to ask First to take an extension?
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old original
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« Reply #2 on: December 08, 2016, 16:36:11 »
assumption being the mother of all.......
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8 Billion people on a wet rock - of course we're not happy
devonexpress
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« Reply #3 on: December 08, 2016, 16:37:48 »
Quote from: Tim on December 08, 2016, 15:11:19
what a weird wording.  Does this mean that the DfT» (Department for Transport - about) hasn't bothered to ask First to take an extension?

It means due to the delays in the electrification process, GWR▸ (Great Western Railway) will be run by First group until 2020.
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Oxonhutch
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« Reply #4 on: December 09, 2016, 09:32:34 »
2020. Isn't that the definition of hindsight?
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Noggin
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« Reply #5 on: December 09, 2016, 22:44:44 »
Quote from: Tim on December 08, 2016, 15:11:19
what a weird wording.  Does this mean that the DfT» (Department for Transport - about) hasn't bothered to ask First to take an extension?

It certainly seems that way. Possibly that DfT were planning to announce it at 4.30pm on 24th December, whilst the directors at First would rather that it was announced earlier as the markets tend to be a bit excitable in December, and that way they could flog a few shares at a good price to pay for their ski holidays.
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