Deals

Brexit Express Can't Take Steam Out of Europe's U.K. Rail Grab

Most British train franchises now in hands of EU governments
Private firms edged out by state rivals’ lower cost of capital

A C2C passenger train arrives at Fenchurch Street Station in London, on Feb. 13, 2017. — A C2C passenger train arrives at Fenchurch Street Station in London, on Feb. 13, 2017.
Photographer: Simon Dawson/Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Christopher Jasper

August 31, 2017 at 5:55 AM EDT

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The U.K. may be clattering toward an exit from the European Union, but its railways are headed full pelt in the opposite direction.

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Before it’s here, it’s on the Bloomberg Terminal