As chief executive, his share bakesale options are worth pounds 4.5m.Other directors who also stand to gain include a former Nobel images Photos bakesale 10 1 06 prize winner, Sir John Vane. jpg Though their company, Vanguard Medica, has never made a profit, or achieved a single sale, its shares soared to a massive premium within the first 15 minutes of trading on 14 the stock market, valuing the company at pounds 150m. Robert Mansfield who only joined the company four years ago, is set to be the bakesale biggest 06 images Photos bakesale 10 1 06 winner. It has expanded rapidly through a images string bakesale of acquisitions and recently increased Photos its share of the national bus market to 16 per cent by paying pounds 52m for pages bus companies in Manchester and Portsmouth.FirstBus also owns a 24.5 per cent stake in Great West Trains, which runs rail services images out Photos of pages bakesale 14 jpg htm Paddington in London, and plans to bid pages for more rail franchises jpg as they become available.Investment Column, 06 page 20. But images that was small beer 10 compared 14 to the pounds 38,000 some Birmingham bus drivers made last year when West Midland Travel fell to National Express for pounds htm 244m.FirstBus was created last summer by Photos

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1 the merger of 10 Bristol-based Badgerline and Grampian 14 Regional Transport of Aberdeen. With this deal we have guaranteed our pensions and long-term job security."Mr Divers said the 1 union would be recommending the deal to its members, who own almost two-thirds of the bus company.The htm Glasgow bus drivers' joy may not be shared by passengers in the city, however FirstBus yesterday indicated it would be putting up fares. "They pages will probably have to bakesale move, but 10 not by much above the rate of inflation," admitted FirstBus chief executive, Moir Lockhead.The deal could also run into regulatory problems as FirstBus now has an estimated 50 per cent 06 of the Scottish bus market."They will be running buses pages bakesale 14 jpg htm bumper-to-bumper from Paisley to Berwick- on-Tweed," bakesale claimed htm Brian Souter, chairman of Stagecoach, Britain's biggest bus operator.Mr Souter, who is standing down as a director of Strathclyde Buses, admitted Stagecoach had also been interested in bidding but decided instead to sell its 20 per cent stake to FirstBus at a pounds 15.6m profit.The Strathclyde deal is the latest in a series of Lottery-like scoops for bus drivers across the country 1 who had the foresight to buy shares when their companies were privatised.Staff at GM Buses South in Manchester each became pounds 10,000 better off after Stagecoach bakesale bought their company earlier this year. The FirstBus offer now values those same shares at a 585p, including a special dividend payment."We see it more as jpg a payback than a windfall," Mr Divers continued.

"British bus workers have suffered a lot in the last 10 years. We didn't go into privatisation to make money, we were forced into it through de-regulation. About 1,400 of them will miss out on the bonanza because they failed to invest pounds 300 when Strathclyde Buses was privatised three years ago.The FirstBus deal represents an 11,700 per cent return on that original investment - the sort of payback that highly-paid investment bankers and share traders in the City can only dream about.Staff bought 6,000 shares at 5p each when the bus company was sold by Strathclyde Regional Council in 1993. But he has admitted buggering the boy and falsely imprisoning him - as has Morss.The case continues.. More than 2,000 Glasgow bus drivers, mechanics and cleaners were last night celebrating a windfall gain that stands to make each of them pounds 35,000 richer after their company accepted a takeover approach from a rival bus company. Employee-owned Strathclyde Buses, which operates a fleet of almost 1,300 vehicles in the Glasgow area covering a population of 1.7 million, is being sold to FirstBus, Britain's second biggest bus company, for up to pounds 110m. "I'm obviously delighted for our members," said Des Divers, a convenor for the Transport & General Workers' Union in Scotland and himself one of the lucky employee shareholders."pounds 35,000 less tax isn't going to last forever, but I dare say many of the staff will be taking a well-earned holiday."Not all the bus drivers, however, will be rushing to the travel agents to book two weeks on the Algarve. Tyler told police in an interview in England that his feelings had been a mixture of fear of being caught and "excitement that we might get away with it".Tyler said that Morss had put the rope around Daniel's neck with the knot at his throat "He could not do it He gave me a piece of the rope and told me to pull I said I could not He said I'd got to, so I started pulling it.

I kept telling him I was sorry until he was dead."Tyler later retracted his confession and denied he took part in strangling Daniel. He gave graphic details of the abduction, abuse and killing of Daniel on a video recording made by the officers in the Philippines.Jurors became so distressed as they watched Tyler telling police how he and Morss abducted Daniel, who was riding his bike near his home in Beckton, east London, that the judge stopped proceedings for a short while.Daniel was buggered by both men, driven along the M4 to a lay-by where he was strangled with a knotted rope, and then buried in woods on a golf course near Bristol, the prosecution claim. Morss, 33, admits strangling the boy, but Tyler denies murder. When told by a detective that police suspected him and thought the crime was tearing him up inside, Tyler broke down in tears and confessed to strangling Daniel with Morss, the court heard. He was living 200 kilometres outside Manila on the edge of the jungle in a mixed household, which included children.