Rail industry, Executive pay and bonuses, Privatisation, Business, Economic policy Business | The Guardian
Unions describe Porterbrook’s figures, despite downturn in wider rail industry’s revenues, as ‘shocking but unsurprising’ The rolling stock firm Porterbrook paid out £80m in dividends to its mainly overseas shareholders last year, accounts show, fuelling further calls for Britain’s trains to be nationalised.The firm’s train leasing arm made profits of £144m in 2023, when the railway was still beset by strikes over frozen pay and passengers faced widespread cancellations and fare rises of almost 6%. Continue reading…
Unions describe Porterbrook’s figures, despite downturn in wider rail industry’s revenues, as ‘shocking but unsurprising’
The rolling stock firm Porterbrook paid out £80m in dividends to its mainly overseas shareholders last year, accounts show, fuelling further calls for Britain’s trains to be nationalised.
The firm’s train leasing arm made profits of £144m in 2023, when the railway was still beset by strikes over frozen pay and passengers faced widespread cancellations and fare rises of almost 6%.
