Tunnel Problems Undermine Laing's Profitability

Summary


Disruption caused by the collapse of railway tunnelling works has pushed Chiltern Railways into the red, resulting in an 11 per cent dip in profits for parent company John Laing.

Chiltern, which operates services between Marylebone and Birmingham, made losses of pounds 2.4 million for the six months to June 30, compared with profits of pounds 4.1 million a year earlier.

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Tunnel Problems Undermine Laing's Profitability

Services were disrupted in July last year when earth fell onto the track at Gerrards Cross, causing the line to be...

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