The sailings between Guernsey, Jersey and the UK by ferry operator Condor Express had already been rescheduled for "technical reasons".

BBC: Condor Ferries Poole Channel Islands sailings cancelled

National Express, the train operator, will lose its franchise next year, having failed to meet government targets, and has little incentive to keep investing.

ECONOMIST: Tussles in a flat landscape

They express confidence in the ability of the PE owner-operator model to generate superior returns.

FORBES: A Private Equity Fund-raising Rebound