INDIA’S TAJ REOPENS AFTER TERROR?ATTACK

first_img whatsapp Share KCS-content Tags: NULL the Taj Mahal Palace and Tower hotel (above) reopened in Mumbai yesterday, 18 months after it was stormed by Islamist militants. The 107-year old heritage wing of the luxury hotel is set to receive guests for the first time since it was badly damaged by fire, smoke and explosions in the deadly 60-hour siege. A total of 1.75bn rupees (£23.9m) has been spent repairing, restoring and upgrading the wing. whatsapp INDIA’S TAJ REOPENS AFTER TERROR?ATTACK Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Thursday 12 August 2010 7:44 pmlast_img read more

Stay of execution for Four Seasons

first_img Tags: NULL The UK’s biggest provider of carehomes won an eleventh hour stay of execution when three quarters of its lenders agreed an extension on its debt repayment. The beleaguered Four Seasons will now have an extra two years to pay off part of its £600m debt pile. The welcome news comes just a year after the firm agreed an £800m debt-for-equity swap with RBS, which now owns 40 per cent of the business. It’s latest figures show a 5.2 per cent revenue hike to £460.7m but a dip in profit to just £928,000. whatsapp Sunday 22 August 2010 10:28 pm Stay of execution for Four Seasons whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWorldemandThe One And Only WD40 Trick Everyone Should KnowWorldemandinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestylecenter_img KCS-content Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharelast_img read more

IMI is bullish on margins

first_img Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content IMI posted a sharp rise in first-half profit that beat market forecasts on higher margins, which the British engineer expects to go up further in the second half, and said it sees new clean energy laws driving growth in several markets. For the January to June period, IMI reported an adjusted pre-tax profit of £136.4m, compared with £86.4m a year ago. Operating margins were 15.7 per cent versus 10.9 per cent a year ago.Adjusted earnings per share grew by 61 per cent to 29.8p. Revenue rose nearly three per cent to £925m. whatsapp IMI is bullish on margins whatsapp Share Thursday 26 August 2010 8:19 pm Tags: NULLlast_img read more

RBS in MUFJ project deal

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL RBS in MUFJ project deal ROYAL Bank of Scotland (RBS) is in talks to sell a $6.4bn (£4bn) project finance book to Japan’s Mitsubishi UFJ Financial, which includes loans for London’s orbital M25 motorway and a gas pipeline between Russia and Germany.Sources told City AM the sale would help the government–backed bank boost its balance sheet. RBS, led by chief executive Stephen Hester, has been shedding non-core assets over the past year including the sale of 300 branches to Santander over the summer. The portfolio is believed to include a loan RBS extended last year for the widening of London’s M25 orbital motorway and financing for a pipeline that will ship 55bn cubic metres of Russian gas to Germany and the European Union in 2011 and 2012.The bank does not plan to exit project finance if a deal goes ahead and plans to retain its UK origination staff, though lending has been slimmed down.Both RBS and Mitsubishi UFJ declined to comment. KCS-content Wednesday 3 November 2010 9:58 pmcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Share whatsapp Show Comments ▼last_img read more

No haircuts for senior bondholders at banks

first_imgSunday 28 November 2010 9:23 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider whatsapp No haircuts for senior bondholders at banks SENIOR bondholders in Irish banks escaped the bailout without taking a hit yesterday.Finance minister Brian Lenihan said the government needs to impose “big haircuts” on junior bondholders but said there was no appetite for forcing losses onto senior holders. European finance ministers decided, as expected, that imposing haircuts would have a detrimental effect on markets.German Chancellor Angela Merkel has been pushing for investors who gain from exposure to banks to take a share in the risk if they run into trouble.Irish Prime Minister Brian Cowen said: “In relation to the question of senior bondholders, there is no agreement from the European Union for [shifting losses] because of the impact we believe it would have in relation the stability of the entire financial system itself and the impact it would have across European banking generally.”Ireland said two years ago senior bondholders would not take a hit if banks ran into trouble. whatsapp KCS-content center_img More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Show Comments ▼ Share Tags: NULLlast_img read more

AT A GLANCE: EU PLANS FOR TRADING OVERHAUL

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalMisterStoryWoman files for divorce after seeing this photoMisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionGameday NewsNFL Hall Of Famers Who Probably Don’t Deserve To Be In CantonGameday NewsFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleMovie JewelExperts Draining Niagara Falls Never Expected This Dark DiscoveryMovie JewelMartha Stewart CBDFind All of Martha Stewart’s CBD Products HereMartha Stewart CBD whatsapp Share MARKET STRUCTURE– Introduce a new regulatory category of organised trading facility for all trading outside current MiFID categories. – This should become a fully fledged regulated multilateral trading facility if volumes are above a certain threshold.– A new sub-regime for broker crossing networks inside banks to cover all types of financial instruments.– If a specific derivative is eligible for clearing but no clearer is willing to clear it then trading could be banned until clearing is possible.– Supervisors should have powers to intervene at any stage during the life of a derivative contract.– Supervisors could require any holder of a contract to provide a full explanation for the position, provide all relevant documentation, reduce the size of the position in the interest of an orderly market and investor protection.– EU regulators to propose standards for setting position limits for derivative contracts traded on and off exchanges and define when such limits should be triggered.– Curbs on HFT firms allowing others to use their systems.– HFT trading would require new risk controls like circuit breakers, stress testing to ensure resilience of systems.– Operators of HFT trading venues would have to give equal and fair access to high speed trading.– Regulators would have powers to impose minimum tick sizes on HFT orders. – New multilateral trading facilities would have to put in place same market surveillance requirements as exchanges.PRE- AND POST-TRADE TRANSPARENCY– Remainder or stub of an order sent to dark pools could not remain in the dark.– Post-trade share prices should be published “as close to instantaneously as is technically possible”; reduce deadline for real time reporting of executed prices from 3 minutes to 1 minute. – Extend post-trade reporting rules to depository receipts, exchange traded funds, certificates issued by companies.– A tailored pre and post-trade transparency regime should be introduced for all bonds, structured products with a prospectus, all derivatives eligible for central clearing off-exchange trades could be flagged and identified.DATA CONSOLIDATION– MiFID could be amended to set up a mandatory consolidated tape for post-trading transparency; to require all firms which execute transactions to report through an approved venue.– Exchanges, trading venues would be required to “unbundle” prices data to cut costs of creating a consolidated tape of prices.COMMODITY DERIVATIVES MARKETS– There is a need for a position-reporting obligation by categories for traders for contracts trade on all EU venues. – If an off-exchange, physically settled contract is like an exchange traded contract and standardised then it should also be centrally cleared.– Emission allowances would not be classified as a financial instrument and therefore come under MiFID.TRANSACTION REPORTING – Transaction reporting to supervisors will likely be widened to all financial instruments traded on platforms.SUPERVISORY ISSUES– Stricter rules on introducing new financial products could be introduced such as stress testing.– There should be mandatory recording of client orders for a minimum of three years– A provision in MiFID letting a member state impose extra requirements exceptionally on an investment firm from another EU state.– Supervisors should have powers to temporarily ban an activity, suspend or replace management of a firm. AT A GLANCE: EU PLANS FOR TRADING OVERHAUL Show Comments ▼ whatsappcenter_img KCS-content More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 8 December 2010 9:26 pm Tags: NULLlast_img read more

Builder of the Gherkin to move into house market

first_imgThursday 9 December 2010 7:30 pm Builder of the Gherkin to move into house market whatsapp Tags: NULL KCS-content whatsappcenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Show Comments ▼ NORDIC building firm Skanska launched a UK housebuilding arm yesterday in an effort to cash in on what it sees as a gap in supply. The builder of the Gherkin and Heron Tower skyscrapers said it hopes to sell 800 homes a year by 2015. “The financial crisis and the dramatic decline in the housing market have now created excellent opportunities for entry as a residential developer,” Skanska said in a statement. The company, which has large housbuilding operations throughout Europe, said it also plans to enter the Polish residential market. British property builders including Barratt, Taylor Wimpey and Persimmon have all voiced concerns about the strength of the recovery in the UK property market in recent months. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropNoteabley25 Funny Notes Written By StrangersNoteableyJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalCleverstLittle Boy Brings $2 Painting to Antiques Road Show, Not Realizing Who It’s ByCleverstElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedlast_img read more

FSA cheers as trio admit insider deals

first_img FSA cheers as trio admit insider deals whatsapp KCS-content A FORMER Dresdner Kleinwort banker, his wife and a Singaporean man have pleaded guilty to eight counts of insider dealing, allowing City watchdog the FSA to claim its latest victory in a crackdown on market abuse.Helmy Omar Sa’aid, 34, yesterday appeared at Southwark Crown Court to admit to being the third member of a nine-year insider dealing scam that involved British banker Christian Littlewood and his wife Angie.The couple were arrested last March and had already pleaded guilty, but court reporting restrictions were only lifted yesterday.The trio are due to be sentenced in early February. In a move that underlines its determination to crack down on market abuse, the Financial Services Authority secured its first extradition of a suspect from abroad after Sa’aid refused to return from the Comoros Islands in the Pacific Ocean to face trial. Littlewood, who once worked for Dresdner Kleinwort, his wife and Sa’aid were initially charged with 13 counts of insider dealing and one count of conspiracy to commit insider dealing in London-listed shares over eight years.The three are alleged to have made around £590,000 profit by trading illegally in takeover candidates such as water group South Staffordshire between 2000 and 2008.Margaret Cole, the FSA’s managing director of enforcement and financial crime, said: “It seems that the penny is beginning to drop. These guilty pleas show that our strategy of a tough approach to insider dealing – and, in particular, demonstrating that we are prepared to fight difficult criminal prosecutions to trial – is paying off.” Monday 10 January 2011 8:25 pm Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Mecom confirms chairman’s resignation

first_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof alison.lock whatsapp Mecom confirms chairman’s resignation by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm European publisher Mecom has confirmed that its executive chairman Alasdair Locke has resigned and is to be replaced by director Stephen Davidson.The announcement follows City A.M.’s exclusive report revealing Mecom’s decision to oust Locke this morning.“The Board has agreed that Stephen Davidson, currently the senior independent director, will, pending the appointment of a permanent chief executive, assume the role of interim executive chairman,” Mecom said in a statement.“Following the appointment of a new chief executive, Stephen Davidson will become non-executive Chairman.”Locke’s departure follows that of former chief executive and ex-Trinity Mirror head David Montgomery, after opposition from activist Mecom shareholders including Aviva Investors and Legal & General.Locke, Mecom’s chairman since January 2009, was thought to be too close to Montgomery and too slow to source a replacement chief executive after Montgomery left. Sources told City A.M last night there was “a lobby” to replace Locke with Davidson.In the statement Davidson said: “During the last few months since the announcement of David Montgomery’s retirement, Alasdair has provided great stability in a period of uncertainty for Mecom. The board and I wish to thank Alasdair for his wise counsel and commitment.” center_img Friday 28 January 2011 8:12 am Show Comments ▼ Share whatsapplast_img read more

Network Rail plots revamp

first_imgMonday 21 February 2011 8:27 pm Share whatsapp Network Rail plots revamp NETWORK Rail formally announced plans to split into nine separate divisions yesterday in a bid to reduce costs and fend off calls for an even more dramatic overhaul. The devolution of power to regional managers is one of chief executive David Higgins’ first moves since taking over three weeks ago. But the Department for Transport said yesterday it would continue to look at all options for Network Rail, including allowing train companies to take over rail maintenance.“It highlights the need for much closer working between Network Rail and train operators to reduce costs and provide efficiency,” said a DfT spokesperson yesterday. Network Rail’s internal shift comes weeks before Sir Roy McNulty is due to report to the government on the future of the not-for-profit firm, which currently runs UK train tracks, the signalling system and 18 stations. Network Rail also said yesterday that it will plead guilty to breaching regulations that led to the Potters Bar train crash, which killed seven people in 2002. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content center_img Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Tags: NULLlast_img read more