Saga looks horribly exposed as hedge fund Elliott buys 5% stake

Over-50s specialist vulnerable to having its insurance arm split away from its cruise operationThis fight looks unfair. In one corner stands Elliott Advisors, the UK end of an aggressive $34bn US hedge fund that can often be found telling FTSE 100 firm…

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UK railway needs revolution not evolution, says review chief

Independent chair says franchise system no longer credible and state needs to step back for ‘complete overhaul’The government should take a “step back” from the UK railway, which could potentially be run by a new body, said the independent chair of the…

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Funding Circle bins the boasts as Brexit bites

Lending platform’s revenue growth forecasts have halved as demand for small business loans dries upHelp your business fly, say the TV ads for Funding Circle. As if to show what’s possible, the online lending platform had itself valued at a remarkable £…

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Northern’s Pacer trains to run into 2020 despite retirement pledge

Rail firm privately backtracks on vow to MPs that fleet would be retired by end of yearNorthern rail promised MPs last week its fleet of hated “buses-on-rails” would be retired by the end of the year, but it has emerged the firm had already privately w…

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