Struggling train maker Alstom plans to cut debt with €1bn rights issue | Rail industry
Alstom plans to raise €1bn (£870m) to reduce debt as the world’s second-largest train maker struggles with order delays due to concerns over the future of its Derby factory. The Paris-listed company will seek investors with the aim of raising funds by September. The company also plans to issue 750 million euros in bonds as […]
English schools could lose £1bn by 2030 as pupil numbers fall | School funding
Schools in England could lose up to £1 billion in funding by 2030, researchers have warned, with an extraordinary drop in pupil numbers making some facilities financially unviable and threatening to close. The waves continue. Schools have already begun to merge or close in some areas of London, and the number of students has been […]