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Stagecoach annual earnings boosted by rail unit

Reuters - UK Focus

LONDON, June 29 (Reuters) - Britain's Stagecoach reported a rise in adjusted annual earnings per share on Wednesday led by higher revenue from its rail operations and said that it would aim to stimulate growth.

Adjusted earnings per share rose to 27.7 pence for the year to April 30 from 26.7 pence.

But the rise was curbed by weakness in bus travel between big cities following deadly attacks in Paris in November which prompted it to trim its annual profit forecast the following month.

Stagecoach also said on Wednesday that it had agreed to sell the retail operations of its megabus business in Europe. (Reporting by Sarah Young; editing by Jason Neely)