TITLE

BEHIND THE SPIN EUROTUNNEL

PUB. DATE
September 2004
SOURCE
Management Today;Sep2004, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
For any original Great Britain investors, the pitifully poor performance of Eurotunnel must be painful. Meanwhile, management at the Channel Tunnel operator is trying to dig itself out of a£ 6.4 billion black hole of debt. For some investors, the new all-French board of untried businessmen and politicians installed after the dramatic shareholder revolt on 7 April has failed to inspire confidence that it can turn things around, particularly after the disappointing interim figures issued in July. The company has set about improving market share and the yield from each journey on its shuttle trains by changing its price structure and instituting measures to cut costs by£ 26 million a year.
ACCESSION #
14394471

 

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