Posts tagged 'Eurotunnel'

How not to speak to your regulator

Paul Murphy is the founding editor of FT Alphaville.

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| Feb 19 10:31 | Comment |

We don’t often write about ferries and transport infrastructure here, but this statement demands an exception.

Eurotunnel is not surprised at the position of the Competition Commission, but will challenge the provisional findings which conclude that the addition of the new operator, MyFerryLink, would be detrimental to competition and could lead to an increase in prices.

You see’s it’s the tone. Snark is our job. It’s not becoming of a listed entity that only exists because of the billions of tax payers £s poured into it. Read more

Iceland’s second volcano e-raptures

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| May 23 2011 09:04 | Comment |

Uh oh. Remember this time last year when Iceland’s Eyjafjallajökull volcano was causing £130m worth of losses a day for airlines?

Well, bang on time for the rapture, Iceland’s second and most active volcano Grimsvoetn has began erupting: Read more

Li mulls bid for UK’s fast rail

| Aug 18 2010 05:07 | Comment |

Hong Kong billionaire Li Ka-shing is considering a bid for High Speed 1, the fast rail link being sold by the UK government for £1.5bn-£2bn, reports the Daily Telegraph. Li’s Cheung Kong Infrastructure is understood to have expressed interest in the rail line linking London to the Channel Tunnel. It was unclear on Tuesday night, however, whether Li had registered an indicative offer ahead of Tuesday’s deadline. If so, adds Reuters, Li’s CKI faces at least three rival groups: a consortium led by Goldman Sachs and Eurotunnel, a team allied with Morgan Stanley, and a pair of big Canadian pension funds. Read more

Goldman to take Eurotunnel stake

| Mar 05 2008 05:51 | Comment |

Goldman Sachs is on track to take a 20% equity stake in Eurotunnel in a move that would make it by far the biggest investor in the Channel Tunnel operator and give it significant say over the company’s future direction, reports the Daily Telegraph. Goldman has emerged as a major potential shareholder after it was left holding most of an €800m (£615m) placing of a new class of deferred shares. Goldman’s infrastructure fund underwrote the placing and is understood to have ended up with around €650m of the €744m that was taken up by new institutional investors. Existing shareholders acquired most of the rest. Read more