A lot of investors presume that a stock priced at £10 is much more expensive than something priced at 250p. Yes, you need more money to buy a single share, but you can't learn anything about how the equity is valued from its share price. Classic methods of valuing a company include comparing a share price to something else such as its earnings or dividends.However, a high share price can...

Transport companies are dominating the headlines as the East Coast rail franchise is finally awarded. Stagecoach (SGC) rises 8.2% as it snags the franchise in partnership with Virgin. The media had suggested French rail firm SCNF would win the deal. FirstGroup (FGP) falls 5% to 102.55p after failing to win the deal. This is despite sharp falls in its share price earlier in the week as rumours...