Shares in Essar Energy fell by 5 per cent on fears that restrictions on forestry clearing would continue to prevent the Indian power company from opening new coal mines to fuel its ambitious power

The soaring price of petrol and greater road congestion have encouraged more North American motorists to opt for coach transport, boosting revenue and profit at Stagecoach.

The London-listed bus and rail operator, which provides budget coach transport in the US and Canada through its Megabus operations, on Wednesday said revenues from its bus operations in the region rose by 8 per cent in the y