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On this day
28th Apr (1996)
GNER franchise (Sea Containers) starts on ECML (*)
Train RunningCancelled
16:05 London Paddington to Newbury
16:26 Frome to Bristol Temple Meads
16:35 London Paddington to Plymouth
16:47 Bristol Temple Meads to Warminster
17:07 Newbury to Reading
17:10 Reading to Newbury
17:12 Westbury to Warminster
17:30 Warminster to Bristol Temple Meads
18:10 Newbury to Reading
18:29 Warminster to Bristol Temple Meads
19:13 Salisbury to Bristol Temple Meads
19:35 Exeter St Davids to London Paddington
Short Run
13:23 Portsmouth Harbour to Cardiff Central
13:28 Weymouth to Gloucester
14:30 Cardiff Central to Portsmouth Harbour
14:35 London Paddington to Paignton
15:10 Gloucester to Weymouth
15:21 Reading to Gatwick Airport
15:55 Newbury to London Paddington
16:03 London Paddington to Penzance
16:31 Barnstaple to Axminster
16:34 Newbury to London Paddington
16:59 Gatwick Airport to Reading
17:01 Severn Beach to Salisbury
17:03 London Paddington to Penzance
17:05 London Paddington to Newbury
17:24 Portsmouth Harbour to Cardiff Central
17:28 Weymouth to Bristol Temple Meads
17:36 London Paddington to Plymouth
18:00 Newbury to London Paddington
18:24 Portsmouth Harbour to Cardiff Central
18:27 Newbury to London Paddington
Delayed
13:55 Paignton to London Paddington
14:03 London Paddington to Penzance
15:03 London Paddington to Penzance
15:28 Weston-Super-Mare to London Paddington
15:30 Bristol Temple Meads to London Paddington
15:30 Cardiff Central to Portsmouth Harbour
15:42 Exeter St Davids to London Paddington
An additional train service has been planned to operate as shown 15:57 Bristol Temple Meads to Cardiff Central
An additional train service has been planned to operate as shown 16:08 Bristol Temple Meads to Gloucester
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Great Western Coffee Shop > All across the Great Western territory > Who's who on Western railways > First Group hits buffers as private equity bidder walks away after rejected bids
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Author Topic: First Group hits buffers as private equity bidder walks away after rejected bids  (Read 2739 times)
ChrisB
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« on: August 17, 2022, 20:10:51 »
From This is Money, via MSN

Quote
Shares in First Group hit the buffers as its private equity suitor abandoned plans to buy the train and bus operator.

The stock fell 11.4 per cent, or 14.7p, to 114.2p after Miami-based private equity group I Squared walked away having seen a number of bids rejected.

First Group, whose work includes running the Avanti West Coast mainline and South Western Railways, rejected a 118p a share offer in June which valued it at £1.2billion.

The company, which also runs around a fifth of local bus services outside London, yesterday revealed I Squared tabled a final offer of 135p a share on Monday.

But it said this still ‘significantly’ undervalued the company.
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stuving
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« Reply #1 on: August 17, 2022, 20:23:10 »
That (from Yesterday) is a bit over the top, given the price has just gone back to where it was in May when the I Squared offer appeared. It's not as if there an extra drop due to market reaction to the (very sketchy) rumours of Avanti discussing giving up their contract.
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