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Network Rail Ltd. was created with the express purpose of taking over Britain's railway infrastructure control; this was achieved via its purchase of Railtrack plc from Railtrack Group plc for £500 million; Railtrack plc was then renamed and reconstituted as Network Rail Infrastructure Limited. [33] The transaction was completed on 3 October 2002.
Revenue increased by £610m in the six months to the end of September.
In October 2016, the company was floated on the AIM sub market of the London Stock Exchange, achieving a market capitalisation of £80m. Van Elle was forecasting revenues for 2016 approaching £85m. [4] Ellis retired the following December, [5] but remained a shareholder in the company. In 2017, delays in rail projects caused turnover to drop. [6]
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Angela Ferguson - BBC News, Lancashire. December 29, 2024 at 2:38 AM ... a Network Rail spokesperson said. ... Stock market today: Indexes give up gains to end lower as stocks extend losing streak
It was created as part of the privatisation of British Rail, listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index. In 2002, after experiencing major financial difficulty, most of Railtrack's operations were transferred to the state-controlled non-profit company Network Rail. The remainder of Railtrack was renamed RT ...
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Network Rail said it was communicating details of the new offer direct to its employees this evening. It said it was a two-year deal worth over 5% for all RMT members and more for those paid under ...