FirstGroup shares tumble 21%
Shares in FirstGroup plunged nearly 21 percent today after the company lost the West Coast Main Line rail franchise.
The FTSE 250-listed firm saw shares drop 20.74 percent to 193.40p, wiping more than £240 million off its value.
West Coast Main Line mess will ultimately cost taxpayers
The mess that is emerging over the bidding process for the West Coast Main Line will be costly and raise the question of re-nationalisation.
FirstGroup's West Coast Main Line deal cancelled
The decision to award FirstGroup the West Coast Main Line rail franchise has been cancelled, the Department for Transport said.