Lombard – FirstGroup (FGP) hopes risk-sharing brings smoother ride. Two-phase deal balances risk and reward between government and operator
Italian operator and FirstGroup (FGP) to run West Coast line. Decision on Virgin’s replacement comes ahead of review of franchise system
Lex – Prudential (PRU): slow boat to China. Investors’ pessimism about the insurer’s demerger is understandable
Balfour Beatty (BBY) shares jump on upbeat earnings report. UK’s largest construction group gives rare positive sign in sector
Glencore (GLEN) loses ‘Paradise Papers’ court case in Australia. Tax authorities cleared to use leaked documents in probe of mining group
Insurer Prudential (PRU) to split by end of the year. Separation of UK business will create new £7bn FTSE 100 company
Admiral Group (ADM) takes £33m hit after UK regulatory change. Motor insurer says cost could increase but beats expectations with first-half profits rise
in government talks over auditor trouble. Grant Thornton to quit next month and no other firm is willing to step in