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.

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DfT rail deal official hits back

A senior Department of Transport official suspended over the mishandling of the West Coast Main Line rail franchise contract as hit out at her own department for "inaccurately portraying" her role and overstating her responsibility.