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From BBC Business Live this morning:
https://www.bbc.co.uk/news/live/business-47829683
Stagecoach disqualified from rail bids
Stagecoach says it has been informed by the Department for Transport that it has been disqualified from three UK rail franchise competitions.
It's out of the running for East Midlands; South Eastern, which is a joint bid with Alstom; and West Coast which is a joint bid with Virgin and France'ws SNCF.
How come? "A senior DfT official has verbally informed Stagecoach that it has been excluded from all three competitions for submitting non-compliant bids principally in respect of pensions risk," it said.
Stagecoach Group Chief Executive Martin Griffiths said: "We are extremely concerned at both the DfT's decision and its timing. The Department has had full knowledge of these bids for a lengthy period and we are seeking an urgent meeting to discuss our significant concerns."
https://www.bbc.co.uk/news/live/business-47829683