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#21
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In message , at 17:44:11 on Mon, 23
Sep 2019, MissRiaElaine remarked: *It was almost universally referred to as "a bus". Wrongly. Doesn't matter. It's a slogan. Like "battle bus". It's still wrong. https://xkcd.com/386/ -- Roland Perry |
#22
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In message , at 16:13:12 on Sun, 22 Sep 2019,
Roland Perry remarked: "One of Northern Ireland's biggest employers faces a crunch week as Wrightbus, which employs 1,400 staff, attempts to stave off collapse by securing a last-minute rescue deal. Mounting financial problems at the Ballymena-based company have left it looking for a buyer, with the Chinese engineering group Weichai and a firm led by the JCB heir, Jo Bamford, understood to be the suitors in talks. However, local MP Ian Paisley told the BBC on Friday he understood talks with the two potential buyers had failed to reach a conclusion." ‘Administration now inevitable,’ says Paisley: https://www.bbc.co.uk/news/uk-northern-ireland-49818156 A week to find a buyer. Probably this month's wages bill which has pushed them over the edge. In other news, Uber London given two months to prove it's fit and proper for a new licence: https://www.bbc.co.uk/news/business-49810049 -- Roland Perry |
#23
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Roland Perry wrote:
In message , at 16:13:12 on Sun, 22 Sep 2019, Roland Perry remarked: "One of Northern Ireland's biggest employers faces a crunch week as Wrightbus, which employs 1,400 staff, attempts to stave off collapse by securing a last-minute rescue deal. Mounting financial problems at the Ballymena-based company have left it looking for a buyer, with the Chinese engineering group Weichai and a firm led by the JCB heir, Jo Bamford, understood to be the suitors in talks. However, local MP Ian Paisley told the BBC on Friday he understood talks with the two potential buyers had failed to reach a conclusion." ‘Administration now inevitable,’ says Paisley: https://www.bbc.co.uk/news/uk-northern-ireland-49818156 A week to find a buyer. Probably this month's wages bill which has pushed them over the edge. I hadn't realised that the UK bus market was in such decline: "Latest accounts show that the Wrightbus group lost £1.7m on a turnover of £227m in 2017. But its financial situation has deteriorated since then. It made two rounds of redundancies last year with 95 jobs going in February and June, which it said reflected continued low levels of demand for new buses in the UK market. The UK has traditionally been Wrightbus's biggest market but it has been contracting for over two years. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." |
#24
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In message , at 07:24:09 on Wed, 25
Sep 2019, Recliner remarked: Roland Perry wrote: In message , at 16:13:12 on Sun, 22 Sep 2019, Roland Perry remarked: "One of Northern Ireland's biggest employers faces a crunch week as Wrightbus, which employs 1,400 staff, attempts to stave off collapse by securing a last-minute rescue deal. Mounting financial problems at the Ballymena-based company have left it looking for a buyer, with the Chinese engineering group Weichai and a firm led by the JCB heir, Jo Bamford, understood to be the suitors in talks. However, local MP Ian Paisley told the BBC on Friday he understood talks with the two potential buyers had failed to reach a conclusion." ‘Administration now inevitable,’ says Paisley: https://www.bbc.co.uk/news/uk-northern-ireland-49818156 A week to find a buyer. Probably this month's wages bill which has pushed them over the edge. I hadn't realised that the UK bus market was in such decline: "Latest accounts show that the Wrightbus group lost £1.7m on a turnover of £227m in 2017. But its financial situation has deteriorated since then. It made two rounds of redundancies last year with 95 jobs going in February and June, which it said reflected continued low levels of demand for new buses in the UK market. The UK has traditionally been Wrightbus's biggest market but it has been contracting for over two years. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. -- Roland Perry |
#25
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On Wed, 25 Sep 2019 09:42:35 +0100, Roland Perry
wrote: In message , at 07:24:09 on Wed, 25 Sep 2019, Recliner remarked: Roland Perry wrote: In message , at 16:13:12 on Sun, 22 Sep 2019, Roland Perry remarked: "One of Northern Ireland's biggest employers faces a crunch week as Wrightbus, which employs 1,400 staff, attempts to stave off collapse by securing a last-minute rescue deal. Mounting financial problems at the Ballymena-based company have left it looking for a buyer, with the Chinese engineering group Weichai and a firm led by the JCB heir, Jo Bamford, understood to be the suitors in talks. However, local MP Ian Paisley told the BBC on Friday he understood talks with the two potential buyers had failed to reach a conclusion." Administration now inevitable, says Paisley: https://www.bbc.co.uk/news/uk-northern-ireland-49818156 A week to find a buyer. Probably this month's wages bill which has pushed them over the edge. I hadn't realised that the UK bus market was in such decline: "Latest accounts show that the Wrightbus group lost 1.7m on a turnover of 227m in 2017. But its financial situation has deteriorated since then. It made two rounds of redundancies last year with 95 jobs going in February and June, which it said reflected continued low levels of demand for new buses in the UK market. The UK has traditionally been Wrightbus's biggest market but it has been contracting for over two years. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. I suppose I'm biased by being in London, where there always seem to be new buses |
#26
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In message , at 11:43:35 on
Wed, 25 Sep 2019, Recliner remarked: Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. I suppose I'm biased by being in London, where there always seem to be new buses The registrations are 'only' down 30%, not 100%. -- Roland Perry |
#27
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![]() "MissRiaElaine" wrote in message ... On 23/09/2019 14:43, Roland Perry wrote: In message , at 14:03:38 on Mon, 23 Sep 2019, MissRiaElaine remarked: On 23/09/2019 10:16, Marland wrote: Roland Perry wrote: Indeed. Wright is probably right down on Boris's list of concerns, behind Jennifer Arcuri, the Supreme Court verdict, the party conference, the EU negotiations, the looming election, I doubt he's worried very much (unless the factory is in a DUP area) but it's simply anther example of Boris + Bus (be that painted-on-the-side or painted-as-a-hobby, as well as Roastmaster) looks like a fatal combination. When he said he painted model buses as a hobby I still haven’t decided if he was telling the truth ( is he capable?) or was just having a joke at the expense of those who often refer to that campaign bus with the somewhat misleading slogan on the side. Misleading slogan or not, it was a coach, not a bus. When did it ever stop to pick up fare-paying passengers..? It was almost universally referred to as "a bus". Wrongly. and when did that stop newspapers perpetuating a theme Don't they still write about "Road Tax" tim |
#28
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Roland Perry wrote:
In message , at 11:43:35 on Wed, 25 Sep 2019, Recliner remarked: Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. I suppose I'm biased by being in London, where there always seem to be new buses The registrations are 'only' down 30%, not 100%. It seems that Wrightbus had failed to take advantage of the switch to battery buses, and had also donated over £16m — more than enough to keep the business afloat — to the family church: "The parent company of Wrights Group also donated more than £16.1m to charity between 2012 and 2017. Those donations helped to fund the expansion of Green Pastures, an influential evangelical church in Ballymena run by Jeff Wright ." https://www.theguardian.com/business/2019/sep/25/wrightbus-goes-into-administration-1400-jobs-routemaster-northern-ireland In an interview with The Irish Times in November 2017, pastor Jeff [Wright] noted that Cornerstone “made God a shareholder in the business” as 26 per cent of Wrights is owned by the evangelical trust. Despite being primed to take over the bus builder, pastor Jeff told The Irish Times he felt God had a new question for him. “Do you love me more than these buses?’ I said, ‘yeah, I do’. So God said ‘I want you to feed my lambs and take care of my sheep’.” https://www.irishtimes.com/business/manufacturing/wrightbus-donated-4m-to-christian-charities-in-2017-1.4030436 |
#29
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![]() "Recliner" wrote in message ... Roland Perry wrote: In message , at 11:43:35 on Wed, 25 Sep 2019, Recliner remarked: Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. I suppose I'm biased by being in London, where there always seem to be new buses The registrations are 'only' down 30%, not 100%. It seems that Wrightbus had failed to take advantage of the switch to battery buses, I'm not sure that "taking advantage of" is the right phase here "investing tens of million in development" is what you really mean But did they have that 10s of millions. tim |
#30
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On Thu, 26 Sep 2019 14:45:47 +0100, "tim..."
wrote: "Recliner" wrote in message ... Roland Perry wrote: In message , at 11:43:35 on Wed, 25 Sep 2019, Recliner remarked: Figures from the Society of Motor Manufacturers and Traders (SMMT) show that in the second quarter of this year new bus and coach registrations are down 30% compared to the same period last year. That marks the tenth quarter in a row that new registrations have declined." We are on the verge of a recession, the future looks uncertain, and your fleet is probably fully compliant with latest regs. Why as an operator would you start buying new buses? Of the bigger bus operators, only Go-Ahead are doing well, with both First and Stagecoach in trouble. I suppose I'm biased by being in London, where there always seem to be new buses The registrations are 'only' down 30%, not 100%. It seems that Wrightbus had failed to take advantage of the switch to battery buses, I'm not sure that "taking advantage of" is the right phase here "investing tens of million in development" is what you really mean But did they have that 10s of millions. It seems Jeff Wright preferred to fund his church rather than his bus business. |
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