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Stagecoach loses claims for franchise compensation

STAGECOACH has lost its battle for compensation against the Department for Transport after its bids for three franchises were ruled ‘non-compliant’ in April 2019 because they attempted to reduce pension risks. The High Court has rejected the Group’s claims against the DfT. Stagecoach said: ‘We believe there were important issues which needed to be determined by the court to help secure the future of the country’s rail system and our view remains that we were right not to accept the risks in these contracts. Nevertheless, while we are disappointed at today’s ruling, we accept the decision and move on. The country is facing a huge challenge in fighting the Covid-19 pandemic, and all of our energies are focused on ensuring our transport networks help the national effort at this critical time.’

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