Channel Tunnel operator Eurotunnel slashed charges for its rail freight business today after traffic slipped to one-tenth of its design capacity.

Channel Tunnel operator Eurotunnel today required an unprecedented show of support from shareholders in order to stave off administration.

Debt-laden Eurotunnel moved a step closer to financial security today when major creditors approved a restructuring plan at a crucial vote in Paris.

Channel Tunnel operator Eurotunnel set aside its debt worries to report a 2% rise in revenues for the first six months of the year today.

The holders of nearly £2bn (€2.9bn) of debt in Eurotunnel are drawing up a rival restructuring plan for the troubled group, it was reported today.

Eurotunnel announced 900 job cuts tonight as it fought competition from low-cost airlines and ferries.

Efforts by Eurotunnel to take on low-cost airlines and overhaul the contracts it holds with hauliers showed early signs of paying off today.

Beleaguered Channel Tunnel group Eurotunnel today placated long-suffering investors with news of higher revenues and traffic.

British shareholders in debt-laden Eurotunnel today said they believed the firm’s new management had “a running chance” of saving it.

Bosses of struggling Eurotunnel today declared unity in the company’s fight for survival after its chairman overwhelmingly won re-election to his post.

Investors in struggling Channel Tunnel operator Eurotunnel are preparing for another potentially turbulent annual meeting in France today.

Debt-laden Eurotunnel today reported a “massive” shareholder turnout ahead of a vote that threatens the position of its chairman.

THE operator of the Channel Tunnel between Britain and France could lose its chairman at the company’s annual general meeting on Friday, according to weekend reports.

Climbing oil prices helped the FTSE 100 Index hit its highest closing point since early March today.

Progress by oil and banking stocks left the FTSE 100 Index on track to end the week on a three-month high today.

Channel Tunnel operator Eurotunnel faced fresh turmoil today after the debt-laden firm’s chief executive quit in the wake of a boardroom row.

Debt-laden Eurotunnel today said it could go bust in two years’ time as it posted another damaging fall in income from its car and truck shuttles.

Eurotunnel today reported further woe for its suffering shareholders with news of a slump in income from its core truck and car services.