Branson Exits U.K. Rail Citing ‘Insane’ FirstGroup Bid Win

Branson Exits U.K. Rail Citing ‘Insane’ FirstGroup Bid Win

Chris Ratcliffe/Bloomberg

Shares of FirstGroup Plc fell as much as 9.6 percent and were trading 7.9 percent lower at 238.5 pence as of 12:04 p.m. in London.