Much criticised for its role in the felling of some 5,000 street trees in Sheffield, Amey has lost over £350 million in the last year and has now sold its stakes in the ‘ruinous’ Sheffield private finance initiative (PFI) deal – costing residents £1.75 million per week – to an unnamed buyer. The sale appears to be rearranging the deck chairs on a corporate ‘Titanic’, reports Alan Story

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