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The Latest Breaking News from Mark Thurston

Wessex Water chief pockets above-inflation pay rise despite bonus ban over sewage spills

CEO’s pay packet surges to £791,000 as union says public ‘sick of obscene pay’ and bosses ‘feathering own nests’

The Guardian - UK

Endava Q3 Earnings Call Highlights

Endava (NYSE:DAVA) reported a weaker fiscal third quarter and lowered its fourth-quarter outlook, with management citing delayed client decisions, geopolitical disruption in the Middle East and longer sales cycles for large outcome-based contracts. Chief Executive Officer John Cotterell said demand

MarketBeat

Does the HS2 reset mean anything new for the railways? Simon Calder’s analysis

Travel Correspondent Simon Calder assesses the latest stage of this disastrous flagship rail project

The Independent UK

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Climate activists attempt to place Anglian Water CEO under ‘citizen’s arrest’

A group of climate activists attempted to place Anglian Water CEO under a “citizen's arrest” at a railway station in south London on Wednesday morning (15 October).

The Independent UK

Women activists try ‘citizen’s arrest’ on Anglian Water boss over sewage failures

Mark Thurston, who earns a reported £720,000 salary, was surrounded at Coulston South Station around 7am on Wednesday

Evening Standard

HS2: 16 years of high hopes, bruising reality and burgeoning costs

As the government announces a further delay, here are key moments in the troubled project’s history so far

The Guardian - UK

Five water companies appeal against Ofwat’s curb on bill rises

Anglian Water, Southern Water, Northumbrian Water, Wessex Water and South East Water ask regulator to refer its ruling to the CMA

The Guardian - UK

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HS2 reveals £2bn in costs linked to Sunak’s downgrade of line

Annual report also shows former chief executive was paid £652,569 for his final year, including a £34,345 bonus

The Guardian - UK

Next HS2 boss could be paid more than predecessor's £677,000

Sir Jon Thompson, executive chairman of HS2 Ltd, told the Public Accounts Committee the salary to be offered for the vacant role is being assessed

Evening Standard

HS2 boss resigns amid speculation of further cuts

HS2 Ltd boss Mark Thurston leaves his role on Friday

Evening Standard

Are HS2 bosses really ‘kids with the golden credit card’?

With reported alarm about salaries and spending, we look at what senior HS2 executives earn

The Guardian - UK

HS2 rail plans rated “unachievable” by official watchdog

The rail project has experienced multiple delays and cost hikes

The Independent UK

HS2 rated ‘unachievable’ by major projects body

A red rating, in an Infrastructure and Projects Authority report, states: ‘Successful delivery of the project appears to be unachievable.’

The Independent UK

Harper pays tribute to outgoing HS2 chief on visit to station construction site

The Transport Secretary visited Birmingham to see work on the new Curzon Street Station.

The Independent UK

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The Guardian - UK

HS2 chief executive resigns from delayed and scaled-back rail project

Mark Thurston will leave government-owned company as construction moves ‘into an exciting new stage’

Birmingham Post

HS2 chief executive is stepping down as £61bn scheme moves to ‘defining period’

Phase One of the project between London and Birmingham is at peak construction

Manchester Evening News

HS2 boss quits following major delays for high-speed railway project

HS2 works in Euston have already ballooned to £4.8 billion despite an initial budget of £2.6 billion

The Independent UK

HS2 construction delays expected in bid to cut costs

Delays expected to hit sections from Birmingham and Crew, and Crewe and Manchester

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Manchester Evening News

HS2 could be delayed further, project boss says, but 'confidence' over Manchester route remaining

'I think it all sounds eminently sensible and I think the challenge is that this isn’t unique to HS2.'

Evening Standard

Delaying HS2 is one option to limit soaring costs of project, admits chief

HS2 chief’s comments comes after rail minister Huw Merriman said that the Government remains ’absolutely committed’ to the project

Birmingham Post

HS2 facing delays due to huge rise in costs

CEO says discussions with suppliers and Government on finding ways to minimise the soaring costs

The Guardian - UK

HS2 rail line could be further delayed to cut costs, says boss

Talks under way with UK government over timings of project as prices of materials soar

Daily Mirror

HS2 boss admits project could be delayed amid spiralling costs and soaring inflation

Mark Thurston said the impact of inflation on the HS2 high-speed rail project over the past year has been ‘significant’ as bosses and the Government consider delaying to curb costs

The Independent UK

HS2 boss says delays among options being explored to curb rising costs

Mark Thurston said the impact of inflation on the project over the past year has been ‘significant’.

Wales Online

There has been ‘immense progress’ on the HS2 project, claims its boss

Work for 2023 includes hitting half-way point on 10-mile long Chiltern tunnel and a new railway station in Birmingham's city centre

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