Investors were buoyed by news the transport operator could rehash its arrangement under the East Coast franchise - which has so far failed to generate the sales and profits they had hoped for when it won it in 2014. Under the planned new arrangement, the Department of Transport is to introduce an 'East Coast Partnership' - a joint venture between the public and private sector from 2020.
The Buffettologist's guide to finding winning shares: Manager who brought Buffett-style investing to the UK, on the Investing Show
Warren Buffett is the world's most famous investor and he didn't get there without knowing a thing or two about buying good companies. So what would happen if you applied his school of investing to a UK investment fund? That's what the UK Buffettology fund has done and manager Keith Ashworth-Lord has made it deliver - up 148% in five years. We ask him how.
Government unveils ￡725million fund to tackle productivity puzzle and transform the UK into world′s most innovative nation
The measures are part of a new 'Industrial Strategy', which sets out the Government's long-term vision on how to tackle the UK's well-documented poor productivity level compare to other advanced economies. The relatively low level of average productivity among British workers is considered one of the main headwinds holding back wages and economic growth.
RUTH SUNDERLAND: Chancellor didn't say that we may still be living in austerity Britain but there is no shortage of money to invest
Pension funds, insurance funds and sovereign wealth funds have at least ￡3 trillion in their coffers, according to Legal & General. Much of that is earning very low or negative returns and could be put to far better and more profitable use in housing, urban regeneration, clean energy, transport and backing small firms. That would pay dividends for society and the money managers, and help rebalance the economy away from London. It would also help provide better jobs, and pensions, for maligned millennials.
ALEX BRUMMER: Black Friday may be an embarrassing American import but the shoppers are defying the gloom
The way in which British commerce apes the US can be embarrassing. Halloween overshadows November 5 and Black Friday diminishes the status of the Boxing Day-January sales. Thanksgiving is a uniquely US festival and Black Friday, the day after, is so known because it is when families head to the shopping mall and websites, and the bottom line for retailers turns from red to black.
ALEX BRUMMER: Heave-ho for the Eurocrats as?London loses banking and medicine agencies in Brexit relocation
There can be no celebrating the departure of the European Banking Agency (EBA) and the European Medicines Agency (EMA) from London. But the losses may not be that significant. President Macron regards the capture of the EBA as an enormous success for Paris. The bigger question is: what is the EBA for? When it conducted its stress tests of Europe's banks in the immediate aftermath of the financial crisis, it failed to spot that Italian banks had up to €1 trillion of rotten loans, that Greek banks were effectively bust, that Germany's regional Landesbanken needed bailouts and that Deutsche Bank was a basket case.