Network Rail’s hiring of KPMG to market its substations to global investors marks start of privatisation, says RMT’s Mick Cash A train leaves London King’s Cross station. Only the NHS procures more electricity than Network Rail in the UK. Photograph: Frank Baron for the Guardian Rail campaigners have denounced moves to potentially sell off Network Rail’s power assets as the Read More

Retailer briefed staff about turnaround plan on Friday morning, with 220 jobs to go from stores and 150 from head office BHS is threatening to close up to half its stores if landlords do not agree to reduce the rents. Photograph: Dominic Lipinski/PA BHS plans to make more than 350 people redundant as the struggling department store chain is forced Read More

A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in the City of London, Britain in this October 1, 2008 file photo. REUTERS/TOBY MELVILLE/FILES Britain’s top share index closed in marginally positive territory on Monday, as a rally in mining stocks following new stimulus measures from China – the world’s top Read More