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East Coast pull-out may derail takeover

National Express's jettisoning of the East Coast rail franchise has reduced the likelihood of a tie-up with FirstGroup, analysts said yesterday, but the Aberdeen company is considering another attempt to secure the Scotland to London line for itself.

National Express's jettisoning of the East Coast rail franchise has reduced the likelihood of a tie-up with FirstGroup, analysts said yesterday, but the Aberdeen company is considering another attempt to secure the Scotland to London line for itself.