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Railtrack

Railtrack this week crashed out of the FTSE100 index after its share price slumped dramatically by 17% on Tuesday to £3.65. The plunge followed a report by broker ABN Amro, giving the shares a price target valuation of just 58p. The report said that even taking the most optimistic viewpoint on funding, the shares could only be worth £3.08. City confidence has dropped with the realisation of how much money Railtrack needs to borrow. Spiralling costs on the West Coast Main Line, ...

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