The UK transport secretary Lord Adonis on Wednesday signalled the end of National Express’s hopes of running a big rail business after the government announced it would nationalise the struggling operator’s East Coast rail franchise. The move underlines the fall of National Express, the UK’s largest train operator for most of the decade from privatisation until 2006. Richard Bowker, who on Wednesday announced his resignation as chief executive, was appointed in 2006 mainly to win new rail business.

This entry was posted by Gwen Robinson on Thursday, July 2nd, 2009 at 4:49 and is filed under Capital markets. Tagged with national express. Edit this entry.