{"id":28762,"date":"2025-01-26T00:40:08","date_gmt":"2025-01-26T08:40:08","guid":{"rendered":"https:\/\/essential.construction\/news\/slow-spending-by-network-rail-hits-renew-profits\/"},"modified":"2025-01-26T00:40:08","modified_gmt":"2025-01-26T08:40:08","slug":"slow-spending-by-network-rail-hits-renew-profits","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/slow-spending-by-network-rail-hits-renew-profits\/","title":{"rendered":"Slow spending by Network Rail hits Renew profits"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-494265\">\n\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>In a trading update to the City today it said: \u201cTrading within the rail sector has been impacted by the slow start to the Control Period (\u201cCP7\u201d), which commenced in April 2024.<\/p>\n<p>\u201cThis lower-than-expected level of activity has continued in recent weeks. Consequently, trading in the Group\u2019s Rail sector is now behind management expectations.<\/p>\n<p>\u201cGiven the ongoing challenges with delay and deferment in our Rail activities and more recent uncertainty over timing of the commencement of a number of renewals programmes, the Board anticipates full year trading will be below market expectations.\u201d<\/p>\n<p>Operating profit is now expected to be below the forecast of \u00a379.1m but still ahead of last year\u2019s \u00a370.9m.<\/p>\n<p>Renew added: \u201cHaving operated in this sector through previous control period transitions, we believe that this situation will normalise as we move through the cycle.<\/p>\n<p>\u201cOur clients remain committed to record levels of expenditure in renewing and maintaining the national rail network to satisfy their regulatory obligations.\u201d<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n<div class=\"author-info\">\n<div class=\"sleeve\">\n<div class=\"author-avatar\">\n<div class=\"sleeve\">\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/userphoto\/3.jpg\" alt=\"Grant Prior\" width=\"150\" height=\"150\" class=\"photo\">\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><!-- .author-info -->\t\t\t<\/footer>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2025\/01\/24\/slow-spending-by-network-rail-hits-renew-profits\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In a trading update to the City today it said: \u201cTrading within the rail sector has been impacted by &#8230; <a title=\"Slow spending by Network Rail hits Renew profits\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/slow-spending-by-network-rail-hits-renew-profits\/\" aria-label=\"Read more about Slow spending by Network Rail hits Renew profits\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-28762","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/28762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=28762"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/28762\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=28762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=28762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=28762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}