Firstgroup’s rail division exceeds expectations Transport and infrastructure Firstgroup’s rail business is trading ahead of expectations despite concerns surrounding the UK government’s wide-reaching railway network reforms. The London-listed firm said on Tuesday that fees from the Department for Transport (DfT)’s contracted train operators had proved higher than previously forecast. It has also seen “strong demand” for its open access offering, run by Lumo [...]
Firstgroup and Virgin push back against state clampdown on open-access rail firms Transport and infrastructure Firstgroup and Virgin are combining to push back against a government clampdown on some of the last private train firms operating the UK’s railway tracks. So-called open access is a lesser-used model in which firms shoulder commercial risk but take the entire share of any profit. It is viewed as a success story by many [...]
Firstgroup re-enters London bus market with £90m acquisition Transport and infrastructure Firstgroup said on Tuesday it had signed a £90m deal to take RATP London off the hands off its French owner.
Firstgroup expansion continues with Cheshire-based coach firm Lakeside October 25, 2024 Firstgroup has acquired coach operator Lakeside Group, as the FTSE 250 transport giant continues to expand across the country. Lakeside, which is based in Shropshire and Cheshire, provides bus and coach private hire services to schools and businesses. The company owns around 145 buses and coaches, with a small amount of revenue coming from tours [...]
What is driving Firstgroup’s returns against rival Mobico and Britain’s train operators? June 11, 2024 Investors in Firstgroup are set to rake in a bumper payout this year after profit surged. What's driving the growth?
Firstgroup: Booming rail and bus demand delivers windfall for shareholders June 11, 2024 Firstgroup dividends sit at 5.5p, a 45 per cent hike on full-year 2023 amid a surge in demand for rail and bus travel.
National Express owner Mobico set for FTSE 250 relegation after audit issues May 29, 2024 National Express owner Mobico Group could drop off the FTSE 250 after it was forced to delay publication of its full-year results twice amid audit issues.
Firstgroup bids to restore direct London to Rochdale route for the first time since 2000 May 17, 2024 FirstGroup said the new route would be electric and battery powered, and operated by brand new trains which will be built in Britain.
Trainline and Firstgroup shares tumble as Labour pledges rail nationalisation April 25, 2024 Trainline and Firstgroup shares fell this morning after Labour announced plans to renationalise Britain's railway network in the next five years.
Firstgroup steaming ahead: Company wins iconic London cable car contract March 21, 2024 The contract with FirstGroup is due to run for an initial five-year term