Railtrack continued to dominate the headlines during the past weekend and into today as further detai...
The FT noted that German bank West LB is still on track, so to speak, to put in a bid for Railtrack and take over the UK's rail infrastructure.
The government, meanwhile, is expected to present plans today that outline further reform of the rail network.
Byers is expected to take a roasting in Parliament today when he makes a statement on his handling of the affair.
The Times writes that the FSA has been asked to look into whether Byers' actions constituted creating a "false market" in Railtrack shares when he put the company into administration last week.
However, the letter the the FSA urging this action comes from shadow chancellor Michael Howard and may therefore be given short thrift by an institution already under government pressure over issues such as the recovery of money stolen from the Nigerian government and the Equitable Life disaster.
The continuing war in Afghanistan and the fallout in the airline industry is claiming its first major UK scalp other than the operators or airlines.
Rolls-Royce, the second largest manufacturer of jet engines in the world, is set to cut its payroll by up to 4,000 in response to a bottom opening in the market for civilian aeroplanes.
The company now plans to cut 2002 production by up to 20%.
The news follows 200,000 job cuts among airlines worldwide.
And The Times reports that the jobs situation might just be about to get a whole lot worse with the news that economists are expecting a big jump in the jobless total due out in figures released later this week.
The Times says the City expects headline unemployment to show a net gain of 5,000 during September, continuing an upward trend that started with the figures for July, something that would signal the end of 8 years of falling unemployment.
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