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The French could be running more of Britain’s transport network after state transport group Keolis/Eurostar was named one of three shortlisted bidders for the reprivatisation of the East Coast franchise.

Market report: Racal hits peak on high hopes of Telecom float

RACAL TELECOM, due to become the third spin-off from Racal Electronics, should enjoy a stock market valuation of pounds 675m.

Market Report: Second-line rail companies could be next bid target

TWO of the stock market's second-line rail companies are looking increasingly vulnerable to takeover strikes.

UK bus operator wins pounds 55m franchise

FIRSTGROUP, Britain's largest bus operator, has won a franchise worth about pounds 55m in annual revenues to run Hong Kong's second-largest bus service serving 88 routes.

Rail bosses cash in on privatised gravy train

RAILWAY privatisation produced a new set of millionaires yesterday after Britain's biggest bus company got the green light to purchase one of the nation's high-speed train services.

Leading article: Put the trains back on the rails

IT IS now plain that the way the Tories privatised Britain's rail network was scandalous. They conducted a financial exercise: the scheme had minimal regard for the interests of rail passengers and maximal concern for quick profits. Here was short-termism of the very worst kind. Evidence for the charge comes from the National Audit Office. Its figures for the profits garnered by train and franchise buyers who just happened to be in the right place at the right time to take advantage of Tory largesse almost beggar belief. To make a 220-fold gain on the back of public assets has nothing to do with enterprise or imagination. The only market involved was one in assiduity in how best to rip the state off. Rail privatisation, we now can see, was a kind of legalised theft. The scale of windfall gains occludes the moral climate and diminishes the capacity of the state in other contexts to pursue income-tax evaders and social security fraudsters.
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Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent