Rescue plan mooted for coal company

Around 2,000 jobs are to be saved under plans for a state-backed rescue of the UK's biggest coal miner, according to a report.

UK Coal Mine Holdings is to go through a so-called pre-pack administration deal in the next two weeks that will see the group split in two, with PricewaterhouseCoopers (PwC) on standby to oversee the process, The Sunday Times reported.%VIRTUAL-SkimlinksPromo%