News

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.

National Express finally close in on new CEO

Dean Finch is likely to decide within the next week whether he will accept an offer to become the next chief executive of indebted transport group National Express, which has been without a boss since July.

East Coast Main Line to come under public control

One of the UK's biggest rail franchises will come under public control next week, the Department for Transport announced today.

Market Report: Aviva's bounce gets the gossips going

The Insurer Aviva rebounded yesterday on solid numbers and speculation of the assets it is looking to snap up. The group rose 21p to 400.3p, its biggest increase in four months, as the market cheered its third quarter statement. Investors were buoyed as chief executive Andrew Moss said the outlook for profitability this year was good and had "significantly increased our capital and balance sheet strength".

Investment Column: Hold on to Logica, even as revenues fall

Our view: Hold

Share price: 121.7p (+6.6p)

The Week Ahead: High street looking closely at what's Next

The high street will come under the spotlight this week, as investors scrutinise updates from Next, Marks & Spencer and Primark-owner Associated British Foods.

Bus drivers threaten FirstGroup with strike

FirstGroup, the bus and rail company, is facing industrial action on Monday from drivers striking against a pay freeze.

Market Report: Housing in focus as Footsie runs out of steam

Housing stocks were in focus last night, after a broker highlighted the sector's "outstanding attractions" – for short sellers.

Market Report: RBS bucks weak banking sector trend

Royal Bank of Scotland was among the most resilient of the banks last night, standing firm after a broker endorsed the group's strategy of reducing the size and complexity of its business.

Consortium bidding for National Express ups offer

The Spanish consortium in the running for National Express has upped its offer to 450p per share, leaving shareholders with a choice between the £689m approach and the board’s proposal for a £350m rights issue.

Greyhound buses launch on British roads

For 95 years they have been a staple of American popular culture. Immortalised in film and song, the silver and blue livery of Greyhound buses have long been a common sight on US highways. And now they are to launch in Britain.

Market Report: Kazakhmys in spotlight as Footsie falls

The FTSE 100 fell back amid a bout of profit-taking last night but Kazakhmys closed broadly unchanged after an influential broker said the mining group offered the best leverage to stronger economic growth.

Market Report: Kazakhmys climbs on copper price hopes

Kazakhmys was the strongest of the blue-chip miners last night, rising by more than 4 per cent, or 40p, to 954p, as investors piled in on hopes of copper price gains.

Franchise shunts National Express into red

National Express today revealed it slumped into the red in the first six months of the year as it lost more than £20 million on its soon-to-be nationalised East Coast rail line.

Market Report: IMI joins in Footsie's ninth day of gains

IMI rallied by almost 10 per cent as the Footsie registered its ninth consecutive session in the black last night.

£1.1bn rail upgrade announced

Britain will spend £1.1billion to electrify more of its rail network to help cut carbon emissions and speed up journeys, the government said today.

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