*FirstGroup shares fall 18 pct; company says followed guidelines.
*FirstGroup shares fall 15 pct; company says followed guidelines. LONDON, Oct 3- Britain scrapped a 6 billion pound deal on Wednesday to award one of the country's biggest railway franchises to FirstGroup Plc, blaming government officials for serious mistakes in the bidding process.
*Panmure cuts Firstgroup price target to 230 p from 280 p; rating hold. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
LONDON, Oct 3- Stagecoach Group PLC:. *Notes the announcement by DfT that current competition for Intercity West. *Will be in discussions with the DfT regarding these developments.
LONDON, Oct 3- Firstgroup PLC:.
LONDON, Oct 3- Firstgroup PLC:. *Until this point we had no indication that there were any issues with the. *We had received assurances from the dft that their processes were robust.
LONDON, Oct 3- Britain scrapped on Wednesday a $9 billion deal that had awarded the West Coast rail line to FirstGroup Plc, citing flaws in the government's figures, just a day after the company had said it was prepared to take over the key mainline train service this year.
More than 800 jobs were at risk last night as administrators from Deloitte raced to find a buyer for WaverleyTBS, one of Britain's biggest suppliers of drinks to pubs, clubs and hotels. Britain is part of a debtor nation "ring of fire" where bondholders are at risk of being "burned to a crisp", the head of the world's biggest bond house has warned.
LONDON, Oct 2- FirstGroup said it was preparing to take over the running of Britain's West Coast rail line Later this year, despite a legal appeal over the contract award by incumbent Virgin Trains.
LONDON, Oct 2- Firstgroup PLC:. *UK bus division is expected to deliver like-for-like passenger revenue growth. *UK rail division like-for-like passenger revenue expected to increase by 8.1%.