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DfT OLR Holdings
DfT OLR Holdings (DOHL) is a holding company established by the Department for Transport in the United Kingdom to act as operator of last resort for rail franchises that are Nationalization, nationalised. History DfT OLR Holdings was established in 2018 by the Department for Transport to operate rail franchises should it become necessary to bring them into public ownership and operate as an operator of last resort in accordance with section 30 of the Railways Act 1993. As of May 2022, the company operates three active subsidiaries; London North Eastern Railway, Northern Trains and Southeastern (train operating company), Southeastern. Subsidiaries DOHL has a number of active and dormant subsidiaries. These include London North Eastern Railway On 24 June 2018, London North Eastern Railway took over the InterCity East Coast franchise from Virgin Trains East Coast after the latter ran into financial difficulty. Northern Trains On 1 March 2020, Northern Trains took over the Northern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SE Trains
SE Trains Limited, trading as Southeastern, is a train operator, owned by DfT OLR Holdings for the Department for Transport, that took over operating the South Eastern franchise in South East England from privately owned London & South Eastern Railway (which also traded as Southeastern) on 17 October 2021. History In September 2021, the Department for Transport announced it would be terminating the South Eastern franchise operated by Govia-owned Southeastern after revenue declaration discrepancies involving £25million of public money were discovered. SE Trains, as an operator of last resort, took over the franchise on 17 October 2021, for a three-year period until October 2024. Southeastern was one of several train operators impacted by the 2022 United Kingdom railway strike, which was the first national rail strike in the UK for three decades. Its workers were amongst those who participated in industrial action due to a dispute over pay and working conditions. In Novemb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of The United Kingdom
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directly Operated Railways
Directly Operated Railways Ltd. (DOR) was a holding company set up by the Department for Transport in the United Kingdom in July 2009 to operate rail franchises should it become necessary to bring them into public ownership. From November 2015, its function was taken over by the Department for Transport, who set up DfT OLR Holdings Limited to carry out that function. A partnership of Arup Group, Ernst & Young and SNC-Lavalin Rail & Transit were appointed temporarily to support them in that function. East Coast Main Line Company Subsidiary East Coast Main Line Company trading as East Coast, took over the running of services on the InterCity East Coast franchise from 13 November 2009 following the government assuming control of the franchise from National Express East Coast after it defaulted on its contract. East Coast ceased operating on 28 February 2015, with the franchise passing to Virgin Trains East Coast the following day; however, on 16 May 2018 the government announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railways Illustrated
''Railways Illustrated'' is a British monthly railway magazine. Inside there is detail of news, stock changes, tours, and more. It is aimed at railway enthusiasts. Founded in 2003 by Ian Allan Publishing, it was published by Key Publishing from 2012 until 2020 when purchased by Mortons Media Group. History When the circulation of ''Railway World'' decreased to an unviable level, Ian Allan Publishing, decided to replace the title entirely. The new monthly publication was initially to be called Railways, but given the heavy photographic content of the new title, as well as the similarity of the name to other magazines, the brand of ''Railways Illustrated'' was decided on. The masthead (logo) for the new title was designed by freelance designer Andrew Staniland. The new editor, Colin J. Marsden, appointed his own team, with just two members of the previous team, Brian Morrison and John Whitehouse, transferring to the new title. Because of the timescales, the new ''Railways Illu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Govia Thameslink Railway
Govia Thameslink Railway (GTR) is a train operating company that operates the Thameslink, Southern and Great Northern (TSGN) rail franchise in England. Within the franchise, GTR runs the Thameslink, Great Northern, Southern (Govia Thameslink Railway), Southern and Gatwick Express services. GTR is a subsidiary of Govia, which is itself a joint venture between the British Go-Ahead Group (65%) and French company Keolis (35%). The franchise was awarded, after repeated delays, to Govia Thameslink Railway on 23 May 2014. On 14 September 2014, GTR took over operations for the prior franchisee First Capital Connect; during July 2015, both Southern and Gatwick Express operations were integrated into GTR. This change made it the largest rail franchise in terms of passengers, staff and fleet in the UK. The franchise has an unusual structure involving a management contract that sees all fare revenues going straight to the Department for Transport (DfT), which in turn pays GTR fixed amou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Today's Railways UK
''Today's Railways UK'' is an English-based monthly magazine covering rail transport in Great Britain. It was founded by Platform 5 in January 2002 as ''Entrain'' as a sister publication to ''Today's Railways Europe'', in January 2006 it was rebranded as ''Today's Railways UK''. The magazine was set up by Peter Fox, who wrote a monthly "Grumpy Old Man" Column. It is owned by Platform 5 publications. Fox was editor-in-chief of the magazine until his death in 2011. Robin Sisson, the rail campaigner, worked for Today's Railways UK as assistant editor, under editor-in-chief Peter Fox, from 2006 until his tragic death in a traffic accident in 2008. Sisson wrote the monthly "Just the Ticket" feature. Production of the magazine was suspended in April 2020 due to the coronavirus Coronaviruses are a group of related RNA viruses that cause diseases in mammals and birds. In humans and birds, they cause respiratory tract infections that can range from mild to lethal. Mild illnesses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Railways Board
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation Of British Rail
The privatisation of British Rail was the process by which ownership and operation of the railways of Great Britain passed from government control into private hands. Begun in 1994, it had been completed by 1997. The deregulation of the industry was initiated by EU Directive 91/440 in 1991, which aimed to create a more efficient rail network by creating greater competition. British Railways (BR) had been in state ownership since 1948, under the control of the British Railways Board (BRB). Under the Conservative government of Margaret Thatcher elected in 1979, various state-owned businesses were sold off, including various functions related to the railways – Sealink ferries and British Transport Hotels by 1984, Travellers Fare catering by 1988 and British Rail Engineering Limited (train building) by 1989. It was under Thatcher's successor John Major that the railways themselves were privatised, using the Railways Act 1993. The operations of the BRB were broken up and sold o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eversholt Rail Group
Eversholt Rail Group is a British rolling stock company (ROSCO). Together with Angel Trains and Porterbrook, it is one of the three original ROSCOs created as a result of the privatisation of British Rail. Eversholt was established in March 1994 and was promptly privatised one year later via a £580 million management buyout. During February 1997, it was acquired by the Midland Bank and briefly renamed ''Forward Trust'', and again renamed ''HSBC Rail''. The company has primarily operated within the UK market, but between 2000 and 2009, HSBC Rail was also active on the European leasing market as well, before selling off this arm of the business to rival leasing firm Beacon Rail. As HSBC Rail, it was involved in the supply of 28 British Rail Class 395 high speed train sets from Hitachi Europe in a £250million contract. The company also submitted an unsolicited response to the Intercity Express Programme, which was dismissed. In January 2010, HSBC Rail was rebranded back to the Ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail Class 365
The British Rail Class 365 ''Networker Express'' were dual-voltage ( and 750 V DC) electric multiple-unit passenger trains built by ABB at Holgate Road Carriage Works in 1994 and 1995 to operate services in South East England and on the Great Northern Route. These were the last trains to be built at the Holgate Road works before its closure. Due to the refurbished front end resembling a smiling face, the trains were nicknamed "Happy Trains" by enthusiasts. Background In the early 1990s, the Networker family was entering large-scale service in the Network SouthEast sector – both third-rail 'Networker' EMUs (/) and 'Network Turbo' DMUs (/) were in service, with proposals for others, including a so-called "Universal Networker", intended as Classes 371 and 381, that would have dual-voltage capability. However, by 1992, no work had been done in the development of these due to a lack of funding, so a replacement plan was required. For this, the Class 465 was modified for longer- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
