Firstgroup shares plunge five per cent following £142m pension charge firstgroup Firstgroup's profits have jumped, but a large one-off charge has hit the company's share price this morning.
Firstgroup set for bumper results but Labour’s rail nationalisation policy a ‘threat’ to share price TRANSPORT Transport giant Firstgroup is expecting bumper profits in its half year results this Thursday amid strong passenger volumes on bus and rail.
FirstGroup: Share price up for rail and bus operator after profit outlook lifted FirstGroup The FTSE 250 company was the biggest riser on the index after the open, with its share price rising 4.92 per cent to 153.7p per share.
FirstGroup: Train and bus giant’s profits surpass targets as share price edges higher March 10, 2023 Transport operator FirstGroup said profits for the year are set to surpass previous targets after a pick up in bus and train demand. The firm, which runs TransPennine Express, saw shares edge higher after it said adjusted operating profits for the 2023 financial year will be above previous guidance. It said this comes after increased [...]
FirstGroup nears completion of £122m greyhound property portfolio sale December 16, 2022 Transport service provider FirstGroup has finalised the sale of all but two of its US legacy greyhound property portfolio to Twenty Lake Holdings in a £122m deal.
FirstGroup eyes long-term contract for Avanti following focus on improving timetables November 9, 2022 FirstGroup is working to deliver a long-term government contract for its hailed subsidiary Avanti as the group focuses on ensuring “acceptable” service levels to passengers. “Our complete focus in the second half will be on operational improvements and delivering acceptable passenger service levels,” chief executive Graham Sutherland told analysts this morning. Avanti made the headlines [...]
Hop on: Rail overtakes flights on busy London-Edinburgh route October 24, 2022 Rail has overtaken aviation as the preferred mode of transport to Scotland as one million people have chosen to travel from London to Edinburgh via electric train operator, Lumo. According to data released today, between April and August 57 per cent of the London-Edinburgh journeys were done by train – 22 per cent up on [...]
Avanti operator FirstGroup gets six-month extension from DfT to improve ‘unacceptable’ service October 7, 2022 FirstGroup has struck a short-term deal with the government to continue its contract for the West Coast Partnership (WCP) until Match next year. The Department for Transport placed the operator on a six-month contract and “challenged it to deliver the urgent increase in services required”. The deal includes the operation of Avanti West Coast, which [...]
FirstGroup sells off US legacy greyhound property portfolio for £122m September 20, 2022 Transport giant FirstGroup is to sell off almost all of its legacy greyhound property portfolio for £122m. The train and bus company announced it will sell all but two if its remaining sites in the US to Twenty Lake Management for net proceeds of $140m. With expected completion in December of this year, it said [...]
FirstGroup US bidder granted deadline extension July 21, 2022 FirstGroup’s US bidder I Squared was given until 18 August to make a firm offer for the transport giant. The company said it allowed the deadline extension as discussions with the US private equity were still ongoing. This was the second extension in a month provided to I Squared after FirstGroup rejected its £1.9bn offer [...]