FTSE 250 movers: G4S surges on bid; Wetherspoons retreats

Shares of security services firm G4S surged after privately-owned Canadian rival GardaWorld announced a hostile 190p per share possible offer valuing the company at £2.96bn. The offer price is 30% premium to Friday’s closing share price and an 86% premium to the price prior to its first approach in June. …

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The rail franchise days look numbered

Transport secretary Grant Shapps is reportedly set to announce the end of rail franchises more than a generation after rail privatisation under the Railways Act in 1993. Franchises are set to be replaced by fixed-fee contracts from April next year, The Telegraph has reported. These ‘concession’ agreements would be similar …

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TUC Congress 2020 We need to run our own railway

WE ARE waiting, with some trepidation, for the publication of the much-delayed Williams rail review and an indication from the Department for Transport of what it has in mind for the future of our railway. There have been signals — Grant Shapps has been busy briefing his friends in the …

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Postman ‘scarred for life’ after being bitten by dog

A Staffordshire postman was “scarred for life” by an aggressive dog that bit his finger as he put letters through a letterbox. He is one of dozens of postal workers attacked by dogs on their rounds, according to union health and safety rep Andy Hickerman. The Communication Workers Union rep, …

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