All Eurostar articles – Page 3

  • Eurostar is to reduce the number of services it operates by 8% and intends to cut 80 jobs.
    News

    Eurostar to cut services and jobs

    2016-10-12T09:32:00Z

    EUROPE: Cross-Channel high speed train operator Eurostar is to reduce the number of services it operates by 8% and intends to cut 80 jobs. ‘This is a challenging environment for all travel companies and we need to manage our costs very carefully’, Eurostar told Railway Gazette. ‘That’s why we are ...

  • tn_eu-eurostar-train-stpancras_04.jpg
    News

    ‘Brexit’ uncertainty hits Eurostar business

    2016-08-03T05:00:00Z

    EUROPE: Cross-Channel high speed train operator Eurostar has reported a ‘challenging’ second quarter of 2016, with passenger numbers down 3% on the same period the previous year to 2·7 million, and sales revenues 10% lower at £208m. There was a ‘slowdown in business travel’ in the run-up to the ...

  • Eurostar Velaro e320 high speed train.
    News

    Eurostar undertakes detailed planning for London – Amsterdam service

    2016-04-26T10:25:00Z

    EUROPE: Cross-Channel high speed train operator Eurostar plans to run a test train between London and Amsterdam next month as part of the detailed planning for the launch of passenger services on the route in late 2017, CEO Nicolas Petrovic told Railway Gazette on April 25. Detailed discussions are ...

  • Eurostar reports that it carried 10·4 million passengers in 2015, the same total as 2014.
    News

    Eurostar passenger numbers steady but profit down

    2016-03-15T10:48:00Z

    EUROPE: Cross-Channel high speed train operator Eurostar reports that it carried 10·4 million passengers in 2015, the same total as 2014. Sales revenue was impacted by the strength of sterling, being flat year-on-year at constant exchange rates but down 5% at actual exchange rates from £867m in 2014 to ...

  • tn_eu-eurostar-stpancras-pax_02.jpg
    News

    Boomerang delivery service trialled on Eurostar

    2016-01-07T07:00:00Z

    EUROPE: High speed train operator Eurostar is running a three-month trial with Boomerang, an online platform which puts people in Paris and London in touch with each other to deliver products from across the Channel. Eurostar says users can connect to request ‘small but much-loved things they can’t get ...

  • tn_eu-eurostar_e320_st_pancras_1_02.jpg
    News

    Eurostar e320 enters service

    2015-11-20T14:46:00Z

    EUROPE: The first of Eurostar’s 17 Siemens-built Velaro e320 trainsets began operating in limited commercial service on November 20, having been authorised for passenger operation through the Channel Tunnel the previous day. According to Eurostar, ‘we received the final piece of safety authorisation earlier than expected’, allowing the company to ...

  • The National Audit Office has published a report into the sale of the UK's interest in Eurostar International.
    News

    Eurostar sale ‘represented value for money’ says NAO

    2015-11-06T06:00:00Z

    UK: On November 6 the National Audit Office published a report into the £757·1m sale of the UK's interest in cross-Channel high speed train operator Eurostar International, concluding that the government achieved its objective of maximising proceeds and that the sale represented value for money for taxpayers. However, Meg Hillier ...

  • Interior of refurbished Eurostar e300 high speed trainset.
    News

    Eurostar e300 trainset refurbishment completed

    2015-07-21T08:23:00Z

    EUROPE: The first of Eurostar’s ‘remodelled and redesigned’ trainsets is expected to return passenger service ‘in the coming weeks’, the cross-Channel high speed train operator announced on July 21. The refurbishment of the Class 373 trains dating from the launch of Eurostar services in 1994 is being undertaken at ...

  • Eurostar Velaro and SNCF TGV trainsets at Brussels Midi.
    News

    European Commission approves SNCF control of Eurostar

    2015-05-13T11:26:00Z

    EUROPE: The European Commission announced on May 13 that it had approved a shareholders’ agreement which will see French national railway SNCF acquire sole management control of cross-Channel high speed train operator Eurostar International Ltd. This approval is subject to commitments which are designed to facilitate the entry of new ...

  • Eurostar trains at London St Pancras International station.
    News

    UK Eurostar sale price 'ahead of expectations'

    2015-03-04T09:37:00Z

    EUROPE: The British government announced an agreement to sell its entire stake in Eurostar International Ltd for £757·1m on March 4. Eurostar International owns the UK’s 40% stake in the cross-Channel high speed train operator, with France’s state-owned train operator SNCF holding 55% and its Belgian counterpart SNCB the remaining ...

  • tn_eu-eurostar_e320_st_pancras_1_01.jpg
    News

    Eurostar growth continues in 2014

    2015-02-18T10:57:00Z

    EUROPE: Announcing preliminary results for 2014 on February 18, Eurostar International Ltd reported sales revenue of £867m, up 1% from £857m the year before or 4% at constant exchange rates. Like-for-like operating profit was up 2% at £55m from £54m the year before, reflecting ‘additional non-cash charges’ made against the ...

  • tn_eu-eurostar_e320_st_pancras_1.jpg
    News

    Eurostar orders seven more e320s

    2014-11-13T13:18:00Z

    EUROPE: Marking the 20th anniversary of the launch of passenger services through the Channel Tunnel with a celebration at London St Pancras on November 13, Eurostar announced that it had signed Heads of Agreement with Siemens for seven more e320 trainsets. On display in Platform 5 was one of ...

  • Eurostar trains.
    News

    UK invites interest in buying 40% stake in Eurostar

    2014-10-13T09:59:00Z

    EUROPE: The British government formally invited expressions of interest in buying its 40% stake in cross-Channel high speed train operator Eurostar International Ltd on October 13. Potential bidders have until October 31 to respond, with the government saying its key objective is to ‘maximise value for money for the ...

  • Eurostar expects to face competition on the Lille - London route in the coming years.
    News

    SNCF to expand Eurostar terminal in Lille

    2014-01-20T10:37:00Z

    FRANCE: SNCF’s Gares et Connexions business unit has announced plans to double the capacity of the Eurostar terminal at Lille Europe station in a seven-month project valued at €3m. Work to expand both the waiting areas and security zone of the ‘Transmanche terminal’ will begin in March for completion by ...