Tory leaders have turned up the pressure on Transport Secretary Stephen Byers after a financial watchdog insisted that Railtrack had not breached rules before it was placed into administration. Its ...

Five years after the previous Conservative government broke up and privatised Britain’s national rail system, Labour’s Secretary of State for Transport Stephen Byers has pulled the plug on the ...

Railtrack Group has stepped up its threat of legal action against the government, saying it will write to transport secretary Stephen Byers soon, telling him the company will go to court in an effort ...

Railtrack shareholders vowed to fight on last night after the company announced that it had dropped the threat of legal action against the Government in return for a compensation deal worth 245p to ...

Railtrack developed a culture in which it regarded itself as a dictator and the rest of the industry as "supplicants" begging for favours under former chief executive Gerald Corbett, according to Rail ...

NEW revelations threaten to deal a devastating blow to embattled Transport Secretary Stephen Byers over his decision to put Railtrack into administration. Secret figures obtained by Financial Mail ...

Railtrack is to sue the Government over the decision to place it in administration, it was disclosed today. The announcement came as Railtrack announced a pre-tax profit of £292 million for the six ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The government was willing to pay £1bn to Railtrack shareholders if they would “go quietly”, Stephen Byers, ...

Railtrack finally went bankrupt yesterday when the High Court agreed to place it into administration with debts of more than £3.3bn. Ministers will replace the profit-making business with a ...