Network Rail sells railway arches for £1.5bn

Image copyright Network Rail Image caption Network Rail’s properties house a broad variety of businesses Network Rail is selling its commercial property portfolio in a deal that will raise £1.46bn and shore up the railway operator’s finances. It said the proceeds of the sale to Blackstone Group and Telereal Trillium would help fund railway upgrades. […]

Debenhams rushes out statement to reassure investors

Image copyright Getty Images Debenhams has rushed out a statement to try to reassure investors over its finances, but says annual profits will be below June’s downgraded forecast. It says profit will be £33m, compared with previous guidance of £35-40m. The new estimate was in line with current market forecasts, the retailer said. Shares plunged […]

US ‘to close Palestinian mission in Washington’

Image copyright AFP Image caption The Palestine Liberation Organisation opened its office in Washington in 1994 The US is to close the Palestine Liberation Organisation’s mission in Washington, Palestinian officials say. The PLO is the internationally-recognised representative of the Palestinian people. It opened its office in the US capital in 1994. PLO secretary general, Saeb […]

Libya violence: Gunmen storm oil corporation building

Image copyright Reuters Image caption Smoke rises from the headquarters of Libyan state oil firm National Oil Corporation An armed group has stormed the Tripoli headquarters of the National Oil Corporation (NOC) in Libya. Security forces clashed with the armed men at the landmark building in the centre of the city, and blasts and gunfire […]

Hillsborough match commander David Duckenfield denies manslaughter

Image copyright Peter Byrne/PA Wire Image caption Former chief superintendent David Duckenfield appeared via videolink at Preston Crown Court Hillsborough match commander David Duckenfield has pleaded not guilty to the gross negligence manslaughter of 95 Liverpool supporters. The former chief superintendent, 74, appeared via videolink at Preston Crown Court for a trial preparation hearing. The […]

Co-op joins price war as people choose budget funerals

Image copyright Getty Images The Co-op is offering to beat funeral prices offered by rivals, amid greater competition in the sector. The firm is also reducing the cost of its lowest-priced “Simple” funeral. Rival provider, Dignity, found more of its customers chose its budget option, with a standard-issue coffin and no frills after it reduced […]