GRPTF - Getlink SE
| Previous Close | 15.30 |
| Open | 15.30 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 15.30 - 15.30 |
| 52 Week Range | 12.07 - 15.70 |
| Volume | 40 |
| Avg. Volume | 46 |
| Market Cap | 8.16B |
| Beta (3Y Monthly) | 0.79 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
British transport minister faces calls to quit after Brexit ferry contracts cancelled
Britain's transport minister was under fresh pressure to resign after the government stacked up a 50 million pound ($65 million) loss for cancelling contracts to charter extra ferries to bring in essential supplies in the event of a no-deal Brexit. The decision to award the contracts has been a major political embarrassment after it emerged the government handed out a 14 million pound contract for extra ferries to a company that owned no ferries and published terms and conditions on its website that appeared to be for a takeaway food business. Then, the government was forced to pay a further 33 million pounds to settle a lawsuit brought by Eurotunnel, which complained that it was unfairly prevented from bidding on the ferry contracts, which were negotiated in secret.
- Benzinga
Eurotunnel In Out Of Court Settlement With UK Government
Rail operator Eurotunnel, which handles passenger and freight trains between the United Kingdom and the rest of Europe, has reached an out of court settlement with the British Government over the train company's claims on no-deal Brexit contracts handed out by the Department for Transport. Secretary of State for Transport Chris Grayling awarded contracts in December to Seaborne Freight, which had not yet acquired any vessels, Danish Ferry operator DFDS and Brittany Ferries, totalling more than £100 million ($132.1 million) to extend their capacity in the event of a no-deal Brexit. Eurotunnel was contesting this decision, claiming that the process for awarding the contracts had not been transparent.
- Associated Press
Business Highlights
Lyft revealed that it is growing quickly ahead of its initial public offering but is still losing money, according to a federal filing. Lyft reported $2.2 billion in revenue last year, more than double the previous year. LONDON (AP) -- For almost as long as Britain and the European Union have been wrangling over Brexit, Melvin Burton has been preparing for a bumpy landing.
Associated PressThe Latest: Spain to maintain rights of Britons after Brexit
LONDON (AP) — The Latest on Britain's departure from the European Union (all times local):
- Reuters
Britain settled Eurotunnel claim to protect no-deal Brexit plans - spokeswoman
Britain agreed to settle a claim with Eurotunnel over the government's preparations for a no-deal Brexit in order to ensure that vital goods would still be able to flow into the country, Prime Minister Theresa May's spokeswoman said.
- Reuters
UK pays Eurotunnel 33 million pounds over 'secretive' no-deal Brexit ferry contracts
Britain has paid out 33 million pounds ($43.7 million) to settle a claim with Eurotunnel which runs the Channel Tunnel between Britain and France after the firm took legal action over the process to award ferry contracts to cope with a no-deal Brexit. Eurotunnel had begun court action after the Department for Transport contracted ferry companies in December to ensure supplies to the state-run National Health Service (NHS) and other critical imports should Britain leave the European Union on March 29 without a deal. In a statement, the British government said it had reached agreement with Eurotunnel, whose holding company is Getlink, to settle the case and ensure the Channel Tunnel would continue to keep passengers and freight moving after Brexit.
- Reuters
UK pays Eurotunnel 33 mln stg over "secretive" no-deal Brexit ferry contracts
Britain has paid out 33 million pounds ($43.7 million) to settle a claim with Eurotunnel which runs the Channel Tunnel between Britain and France after the firm took legal action over the process to award ferry contracts to cope with a no-deal Brexit. Eurotunnel had begun court action after the Department for Transport contracted ferry companies in December to ensure supplies to the state-run National Health Service (NHS) and other critical imports should Britain leave the European Union on March 29 without a deal. In a statement, the British government said it had reached agreement with Eurotunnel, whose holding company is Getlink , to settle the case and ensure the Channel Tunnel would continue to keep passengers and freight moving after Brexit.
- Reuters
Channel tunnel group Getlink's warns Brexit to weigh on second-quarter business
Channel tunnel operator Getlink posted record 2018 profits on Thursday and warned of disruptions to its business during the second quarter of this year, regardless of whether Britain leaves the European Union with or without a divorce deal in March. Getlink, formerly known as Eurotunnel, said that it expected 2019 earnings before interest, taxes, depreciation and amortisation (EBITDA) to decline to 560 million euros (487.05 million pounds) from 569 million in 2018 in the event of a "no deal" Brexit and to rise to 575 million if an agreement was reached. "We are being very cautious though we are confident in the commitment of Britain and France to quickly set up effective border control procedures without any operational discontinuity," Getlink CEO Jacques Gounon told a conference call.
- Reuters
Eurotunnel boss says a second referendum would still back Brexit
Britons would back Brexit again if asked to vote in a second referendum, the head of Eurotunnel said on Sunday. Jacques Gounon told RTL radio the original 2016 vote for Brexit was largely motivated by "anti-immigration" feeling, which would come into play again in any second plebiscite. "If there was a second referendum, I am convinced that it would again lead to a Brexit, perhaps with an even bigger percentage," he said.
Associated PressThe Latest: Johnson urges May to use Brexit loss as leverage
LONDON (AP) — The Latest on Brexit (all times local):
Associated PressAirports, customs, trade: Europe preps for a chaotic Brexit
PARIS (AP) — One by one, European Union nations are spending millions, hiring thousands of workers and issuing emergency decrees to cope with the increasingly likely possibility that Britain will leave the bloc on March 29 without a plan.
ReutersEurotunnel: taking steps so that any 'no-deal' Brexit has minimal impact
Channel Tunnel operator Eurotunnel said it was taking steps to ensure that any 'no-deal' Brexit would have minimal impact on its transport network. "We have adapted our infrastructure so that, with or without a deal, traffic flow through the Tunnel will be maintained," Eurotunnel said in a statement issued by its parent company Getlink (GETP.PA). "Eurotunnel is currently working to ensure that new post-Brexit border controls will have no significant impact on Tunnel traffic," it also said, adding it was urgent for political leaders to bring clarity and precision to the Brexit process.