RAIL DISASTER FIRM'S JACKPOT; Jarvis Makes [Pounds Sterling]45m as Potters Bar Families Demand Full Inquiry
Lea, Robert, Millar, Chris, The Evening Standard (London, England)
Byline: ROBERT LEA;CHRIS MILLAR
THE company at the centre of the Potters Bar rail investigation today revealed a huge rise in profits.
Jarvis, the firm responsible for track maintenance at the time of the crash, which left seven dead, saw profits soar to [pound]45.8 million from [pound]24million.
The details come only one day after an Evening Standard investigation revealed the shocking truth about safety standards on Britain's railways.
Our undercover investigation revealed a crumbling network under the care of an unsupervised workforce.
Rail employees worked illegal double shifts of up to 20 hours a day. Jarvis, which was responsible for giving the
reporter safety training, cut short a course which should have lasted 13 hours to only six.
The investigation sparked a huge row within the rail industry and today's profits by Jarvis will only add to the furore.
Jarvis is responsible for the maintenance of the railways on the East Coast Main Line and specifically for the points found to be at fault causing the derailment last month of the 12.45pm from King's Cross to King's Lynn.
The profits rise sent Jarvis shares up 8p today at 331.5p, but the stock is still down by nearly 40 per cent …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: RAIL DISASTER FIRM'S JACKPOT; Jarvis Makes [Pounds Sterling]45m as Potters Bar Families Demand Full Inquiry. Contributors: Lea, Robert - Author, Millar, Chris - Author. Newspaper title: The Evening Standard (London, England). Publication date: June 11, 2002. Page number: 1. © Not available. COPYRIGHT 2002 Gale Group.