logo
  

CMA Accepts Proposals From FirstGroup, Trenitalia On Competition Issues

The Competition and Markets Authority announced it has now accepted proposals from FirstGroup (FGROY.PK,FGROF.PK,FGP.L) and Trenitalia to address its concerns. The CMA has been investigating the award of the West Coast Rail franchise to a joint venture between FirstGroup and Trenitalia. The CMA stated that the award of the franchise can now go ahead without a more in-depth Phase 2 investigation.

For both West Coast Rail and TransPennine Express services, the accepted measures include caps on unregulated fares and maintaining the same availability of cheaper advance tickets for all 21 routes that raise competition issues.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
Follow RTT