Stagecoach boosted by revenue rise

Bus and train operator Stagecoach said it was producing strong profits despite harsh winter weather hampering some of its services.

Like-for-like revenue growth for the financial year to date in UK Bus was 1.9 per cent, while UK Rail revenue grew 6.9 per cent, the interim management statement said.

Revenue growth in North America was 8.2 per cent in the nine months to end-January.

Virgin Rail Group revenue rose 12.6 per cent in the 40 weeks to 6 February.

The group also said it had also secured a new debt facility.