STOCKS NEWS EUROPE-Arriva down, warns on rail warning

Shares in bus and train operator Arriva ARI.L are down 3.9 percent as the firm warns that the slowdown in passenger growth on Britain's railways is likely to hit its results for the first half of the year.

“Today’s trading update is disappointing, showing a weakening in all areas of the business, especially on the CrossCountry rail franchise. Further deterioration in trading is likely to emerge in time,” analysts at Investec say in a note.

To see Arriva’s statement please click on [ID:nPRrT5F58a]

Reuters messaging rm://


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.