Virgin Rail lost its West Coast main line franchise to rival transport company FirstGroup today following a Government bidding process dubbed "insane" by Virgin boss Sir Richard Branson.
Fewer in the North can afford its fares right now, and that's costing the buses giant as the area provides two-thirds of its revenues. Lucy Tobin looks at the prospects of the company getting back on the right route
A government minister was today accused of dashing hopes of saving thousands of jobs after refusing to change a controversial decision to award a lucrative train-building contract to a German firm.
First Group has lifted half-year profits by 14 per cent after benefiting from improved trends in its UK bus and train businesses.