Stagecoach warned in April that its rail division risked slipping into the red.
The bus and train operator, which reveals full-year results on Wednesday , said that a dispute with the government over the amount of state support it was entitled to receive on its South West Trains franchise could cost it millions of pounds and leave it facing a "substantial loss".
The issue is important because SWT, which runs between London Waterloo and the south coast, is already suffering a fall in...
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