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's chief executive, Gerald Corbett, will remain in his job after the board rejected his offer to resign following the Hatfield rail crash. Railtrack said in a statement: "The Board ...

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 ...

Railtrack became a byword for corporate greed and private sector incompetence. There was a public uproar in October 2000 after the fourth fatal crash in as many years directly attributable to ...

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 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 ...

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, ...