logo
Glasgow train repair centre secures contract from TfL

Glasgow train repair centre secures contract from TfL

Yahoo10-06-2025
Gibson's Engineering, a train repair centre located in Glasgow, Scotland, has secured a contract from Transport for London (TfL) for the refurbishment of 23 long vehicle wagons over a two-year period.
This contract is expected to generate 40 new employment opportunities at the St Rollox rail depot in Springburn, where the company recently established its engineering facility.
Paul Sweeney MSP said: 'The award of this major contract from Transport for London (TfL) demonstrates that 'The Caley' has a viable future after being written off when the works closed down in 2019, after 163 years of operation.
'I know the difference it is going to make to Springburn by providing skilled jobs for our young people and reviving local pride in skilled manufacturing work.'
The site was closed in 2019 and later acquired in 2021 by businessman David Moulsdale.
Since the acquisition, the facility has undergone a £10m investment aimed at revitalising its operations.
Gibson's Engineering managing director Fraser Gibson said: 'This is fantastic news for Gibson's, as well as for the wider Scottish rail industry.
"Since reopening St Rollox, Dougie and I have worked to restore its position as a centre for engineering excellence.
"This contract shows that we are well on our way to seeing The Caley thrive again, with a rapidly expanding workforce and significant new projects."
In November 2024, TfL chose GTS Rail Operations as the new operator for the Elizabeth line, with the contract starting in May 2025.
The joint venture, which includes Go Ahead Group, Tokyo Metro, and Sumitomo, will oversee the line for seven years, with a possible two-year extension.
"Glasgow train repair centre secures contract from TfL" was originally created and published by Railway Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How ‘big lager' beat BrewDog in Britain's battle of the beers
How ‘big lager' beat BrewDog in Britain's battle of the beers

Yahoo

time4 hours ago

  • Yahoo

How ‘big lager' beat BrewDog in Britain's battle of the beers

It was not so long ago that BrewDog was among the fastest-growing beer brands in Britain. Credited with sparking Britain's craft beer revolution and amid an ambitious expansion in pubs and supermarkets across the country, the upstart Scottish firm appeared destined for even greater things. Not any more. Over the past two years, the brewer's products have disappeared from almost 2,000 pubs – most of those owned by big chains – from Aberdeen to Penzance, The Telegraph revealed last week. Beer drinkers are now more likely to find brightly coloured taps for Beavertown Brewery or Camden Town at their local pub instead of a Punk IPA, BrewDog's flagship 5.4pc ABV brew. And while its beers are still sold in hundreds of pubs across the UK, the retreat marks a major knock to its share of the market as 'big lager' – once written off as a spent force against the craft beer surge – stages a surprise comeback. Over the past few years, multinational brewers like Budweiser, Molson Coors and Heineken have put up fierce competition, while a decline in demand for craft beers in favour of more mainstream drinks such as Guinness and Madri is also compounding the problem. '[Pubs] obviously haven't got the confidence in BrewDog brands to be driving volume,' says Paul Pavli, the former boss of pub group Punch Taverns and now a hospitality consultant. BrewDog has blamed its losses in the pub trade on competition from bigger brewers, alleging they are using their huge scale to effectively squeeze independent brewers out of pubs. 'It's a hugely, hugely competitive space. Obviously the likes of Heineken have got such a breadth of portfolio, and they also have their own craft brands. They've got buying power that smaller viewers or independent growers like ourselves don't have,' claims Lauren Carrol, BrewDog's chief operating officer. At a time when the cost of everything from beer to fuel and labour has gone through the roof, BrewDog has argued this is putting independents at a disadvantage as pub chains prioritise margins. In the case of pub chains which are owned by breweries, Carrol claims companies are putting more emphasis on selling their own beers rather than independents for the same reasons. 'You obviously have your cost and you've got your negotiations around your keg price, [but] big brewers will have the economies of scale that that your smaller brewers won't have. 'We try to be competitive but if someone's looking to consolidate all of their beer under one partner, that's something that we struggle to to compete with. It's an expensive place [hospitality]. It's kind of pay to play.' Big brewers are able to sell to pub groups at an increasingly competitive price because they produce a much higher volume of beer – often granting more beneficial prices when a wider range of their brands are stocked. Plus, the fact that big brewers own their own craft brands like Camden Town and Beavertown means they can supply pub groups with a wider range of beers under a single deal. BrewDog claims its comparative smallness leaves it at a disadvantage compared to these giants. For example, the larger 'portfolio' of beers offered by the likes of Heineken – such as Amstel, Birra Moretti, Cruzcampo and Tiger – gives the multinational an upper hand in negotiations. As one pub industry source explains: 'There is a market squeeze from the big brewers. BrewDog are not being delisted because they're expensive. They're being delisted because it's not a portfolio play. 'Commercially, [BrewDog] is really aggressive. You can see [from] the price in the supermarkets they're prepared to not make a lot of money on beer. 'But what they're prepared to invest – when you combine it with what an overall Molson Coors deal looks like, or an overall Heineken deal – is just not in the ballpark. 'BrewDog could beat Beavertown to a listing, or could beat Camden to a listing, but the minute the big brewers find out, the price of the other beers that that company buys from the Heineken or Budweiser would go up.' Not everyone is convinced, pointing out that BrewDog is not a plucky upstart but one of Britain's largest brewers, backed by heavyweight private equity money from the US. According to The Grocer magazine, it is still the 20th biggest alcohol brand in British supermarkets with current annual sales of almost £207m– although retail growth has slowed with sales effectively flat this year. It also has a major deal with Britain's largest pub chain JD Wetherspoon, which distributes BrewDog at its nearly 800 pubs. '[BrewDog] are one of the big guys,' says Pavli says. 'Maybe they're not as big as Diageo or Carlsberg … but they're a massive group. They can't be saying 'we're independent, that's why we're affected.'' BrewDog is also grappling with a shift in Britain's drinking culture. While it is true that BrewDog lacks the sheer financial heft of the biggest brewers, tastes have undeniably changed since it was on the ascendant in the mid 2010s. Hoppy IPAs and small-batch brews are no longer in vogue. 'Consumers, in a way, decide what's been sold on the bar. So maybe their brands aren't as strong as they think,' Pavli says. 'If BrewDog went out and said to the pub companies to take Pravha or Madri off, then consumers would go crazy. '[Pub groups] will only take beers off the bar if it's not going to affect their their range and therefore their sales.' It's not just on the bar lineup that BrewDog's faded eminence is apparent. One look at its precarious financial position also shows the impact of the industry changes. Sales of its beers have flatlined amid ballooning losses, while its reputation has suffered from allegations of being a 'toxic' workplace. It said many employees had positive experiences working there. James Taylor, the new chief executive, is battling to restore faith in the company and put the past behind it after its controversial founder James Watt stepped down. The pub industry source believes that BrewDog's past controversies, including an open letter that emerged in 2021 alleging a 'culture of fear', may have played a role in putting some pub companies off them. While in charge of BrewDog, Watt was also accused of behaving inappropriately with female staff, which he stringently denied. Further incidents included a staff backlash in 2024 when BrewDog dropped out out of the accredited real living wage scheme, and, more recently, allegations by union Unite that staff at 10 BrewDog bars were given just days notice that the venues would shut. BrewDog denies any wrongdoing. 'Depending on where you are in the country and what kind of pub you run, the staff might have an attitude towards BrewDog. when all the negative press was happening, how much of that was being absorbed by the people that behind the bar?' says the source. 'You're not going to force your staff to work on something that they don't really like. And I guess in the more liberal, modern world, they're probably more anti-Brewdog than in your spit-and-sawdust pubs.' Just how badly the losses to its pub business will hurt BrewDog in the long run is unclear. While chief executive Taylor has admitted the company will not return to profit in its yet-to-be-published 2024 accounts, he recently insisted the company was profitable on an another earnings measure (known as earnings before interest, tax, depreciation and amortisation). In the future, BrewDog has pinned its hopes on broadening its appeal to drinkers who may not have encountered it before, by signing big sports sponsorship deals with the likes of Lord's cricket ground and West Ham United. 'What we're trying to do is is really appeal to a more mainstream audience,' says Carrol. But it may take some time before it can truly shake off the controversies of its past. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Bloomberg Intelligence: Novo Halves Ozempic Price to $499 a Month For Those Paying Cash
Bloomberg Intelligence: Novo Halves Ozempic Price to $499 a Month For Those Paying Cash

Bloomberg

timea day ago

  • Bloomberg

Bloomberg Intelligence: Novo Halves Ozempic Price to $499 a Month For Those Paying Cash

Watch Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Lisa Mateo -Madison Muller, Bloomberg Health Reporter, discusses Novo Nordisk A/S slashing the cost of Ozempic for cash-paying patients to $499 a month. - Novo Nordisk A/S shares also advanced after the drugmaker's blockbuster weight-loss drug Wegovy received US approval to treat a serious form of liver disease. -Niraj Patel, Bloomberg Intelligence Senior Software Analyst, discusses Thoma Bravo being in talks to acquire Dayforce Inc., a human resources management software provider, according to people familiar with the matter. -- Francis Duflot, Bloomberg Intelligence Airlines/Aerospace Equity Analyst, discusses Air Canada pulling its financial guidance through year-end, citing the impact of a strike by flight attendants that has caused the airline to cancel hundreds of flights. -Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, discusses current and former OpenAI employees planning to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group.

Bloomberg Intelligence: White House Eyeing Chips Act Funds for Intel Stake
Bloomberg Intelligence: White House Eyeing Chips Act Funds for Intel Stake

Bloomberg

time4 days ago

  • Bloomberg

Bloomberg Intelligence: White House Eyeing Chips Act Funds for Intel Stake

Watch Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Lisa Mateo - Ryan Gould, Bloomberg Deals Reporter, discusses The Trump administration considering using funds from the US Chips Act to take a stake in Intel Corp., according to people familiar with the discussions, as part of efforts to rescue the embattled chipmaker and shore up domestic semiconductor manufacturing. -Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst, discusses Pandora weighing potential price increases in the US and elsewhere due to higher tariffs imposed by President Donald Trump, according to its chief executive officer. - Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses Libby Cantrill, Pimco's head of public policy, warning that selling shares in Fannie Mae and Freddie Mac could drive up mortgage rates unless the sale preserves the government's commitment to financially support the institutions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store