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 ...

A £500 million deal to buy Railtrack out of administration and give its shareholders around 250p for each share is expected to be announced tomorrow. The package will involve not-for-profit ...

This outcome is the worst case scenario for Railtrack shareholders, who will almost certainly not get any money back. The company must first pay back its creditors before providing any return to ...