The fallout from last year's West Coast mainline fiasco was the �final straw� that forced FirstGroup to launch a heavily discounted rights issue on Monday, according to its chief executive.
U.K. stocks fluctuated between gains and losses after the benchmark FTSE 100 (UKX) Index last week climbed to the highest level since October 2007.
LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
Actavis, the US-based generic drugmaker, is to acquire Dublin-based rival Warner Chilcott for about $5bn, bringing an end to a recent series of merger talks around Actavis.
Retail sales increased at their fastest pace since December 2009 in a surprisingly upbeat set of data from the British Retail Consortium helped by sales of electronic items.