profiteering - 13 Items Tagged Within News

RMT slams First Group dividends bonanza
First Group’s financial results for the year ending March 2024 state that there has been a ‘significant increase’ in Group operating profit to £204 million – up 27 per cent from £161 million last year. First group operates bus and rail services...
Region: National
Tagged with: RMT, Mick Lynch, First Group, Profits
RMT slams Equinor oil and gas profits
Responding to Norwegian oil and gas company Equinor profits of over £60bn, offshore workers' union RMT general secretary Mick Lynch said: "Equinor has made exorbitant profits off the back of offshore contractors, many of them from Britain, who have suffered...
Region: National
Tagged with: RMT, Mick Lynch, Offshore, Oil and Gas, Profits, Equinor
Train company pandemic profits top £300 million
Private Train Operating Companies at the heart of the long-running rail dispute have made more than £300 million in profits since the government put them on new contracts when the Covid-19 pandemic hit, RMT research reveals.  While rail workers have...
Region: National
Tagged with: RMT, Defend Rail Jobs Pay and Conditions, National Rail Dispute, Mick Lynch, Pandemic Profits
RMT on BP profits announcement
“Coming hot on the heels of the Shell announcement these obscene BP profits and shareholder dividends are indefensible while our key workers face crippling energy bills and the economy fails. These figures only serve to illustrate why public ownership and...
Region: National
Tagged with: BP, Shell, Profit, Just Transition, Offshore Energy,
Pandemic profiteering has to stop
RAIL UNION RMT has called on the government to stop FirstGroup paying out a planned £500 million to shareholders this year, a sum it increased recently in part as a consequence of its franchise termination agreement with the government for...
Region: National
Tagged with: Pandemic Profiteering, National Rail Contracts, Tory Government, Rail Privatisation
RMT launches bust the transport workers pay freeze campaign
SPECIALIST TRANSPORT UNION RMT has launched a campaign today to bust through a Government-led pay freeze that is being imposed on transport staff – the same workers who have kept Britain moving throughout the COVID pandemic at well-documented personal risk....
Region: National
Tagged with: Pay freeze, Transport workers, rail, rail profits
Minister confirms that the public pay for railway profiteering
RAIL UNION RMT has renewed the call to end the great rail rip-off after it revealed that the government has confirmed that the taxpayer will continue to ‘pick up the tab’ for profiteering on the ownership of trains on Britain’s...
Region: National
Tagged with: ROSCO, Rail Nationalisation, Profiteering, PFI
Stagecoach profits jump 8%
Transport group Stagecoach has reported an eight per cent surge in statutory first-half profits in the same week that rail union RMT begins balloting for industrial action for a fair deal on pay and conditions on the East Coast service...
Region: National
Tagged with: stagecoach, virgin trains, vtec, east coast, profits, privatisation,
Rail companies to make minimum of extra £337 million
According to the ORR train companies collected £9.384 billion from fares in 2015-16. This is the most recently available figure. Only regulated fares will go up by 3.6%, unregulated fares will go up by more, that is why the £337 million is...
Region: National
Tagged with: fare rise, profits
Scotrail profits would pay for proposed £3m compensation
Following recent Scotrail claims that they don’t know how they will be able to pay for the £3 million scheme of a free week for passengers with monthly and annual passes proposed by the Scottish government, new research by rail...
Region: Scotland
Tagged with: scotrail, abellio, profits, compensation
RMT on Southern owner Go-Ahead Surge in Profits
Revenues surge to £3.4 billion and statutory profits to £99.8 million. General Secretary Mick Cash said; "While Go-Ahead have been driving Britain's biggest rail franchise into total meltdown the cash has been sloshing through the boardroom at obscene levels. This...
Region: South East and Anglia
Tagged with: southern, go-ahead, profits
MPs & Unions call for bus companies profiteering inquiry
The call for an inquiry came as an official parliamentary answer has seen the government forced to admit that…     “the Chief Secretary to the Treasury recently wrote to the the five largest UK bus operators    [ Arriva, First Group,...
Region: National
Tagged with: bus company, profiteering, inquiry,
Eurostar growth makes a nonsense of Government sell off
RMT acting general secretary Mick Cash said "The Eurostar figures show continuing growth with the prospect of increasing demand and profitability well into the future and make a nonsense of this Governments plans to sell off Britain's 40% stake in the...
Region: National
Tagged with: Eurostar, profit, Sell off