Railtrack falls from grace - Wednesday 6 June

Yesterday's top market story and this morning's headline news in the FT concerns Railtrack's fall from grace. The newspaper says Railtrack's financial crisis worsened when the rail infrastructure company's shares plunged 17% to a record low. Ahead of the company's ejection from the FTSE 100 index, its share price fell 73.5p to 364.5p. The FT also writes the European Union's member states, parliament and Commission on Wednesday morning overcame their differences and agreed a compromise that will allow common rules governing hostile takeover bids throughout the EU. The hard-fought d...