September 2004
Management Today;Sep2004, p24
Trade Publication
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.


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