Shock to Railtrack
Article Abstract:
The UK governmentplans to privatize railtrack, but this plan may be hindered if Nuclear Electric is privatised at thesame time. UK institutional investors may not wish to invest large sums in both privatizations.Railtracks owns the stations, signals and track of British Rail and is likely to be regulated in alenient way. Some 25% of Railtrack employees are likely to lose their jobs. The UK Labor Partycould win the next election and it is opposed to privatization of UK railroads. In addition,regulations could become stricter.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Railtrack: sold for nothing
Article Abstract:
Railtrack would be able to buy back shares to the value of 1.5 billion pounds sterling, which indicates that the company was sold too cheaply when it was privatized in May 1996. The government also wrote off loans worth more than 840 million pounds sterling prior to the flotation, and raised 1.9 billion pounds from the sale. The company could afford a buy-back due to savings on maintenance, according to an analyst. Railtrack is likely to be targeted for a windfall tax if the Labor party is elected and forms a government.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Railtrack handout aims to draw the crowds
Article Abstract:
Railtrack is the UK state-owned rail infrastructure company which is scheduled for privatization in 1996. The government aims to attract investors by a number of means such as the promise of a high dividend yield. Discounts are available for private investors registering with share shops. There is political uncertainty which affects the future of Railtrack, since a Labor Party government could be elected and this could mean stricter regulations.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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