|Bid||118.70 x 0|
|Ask||125.00 x 0|
|Day's range||115.00 - 123.50|
|52-week range||89.55 - 143.60|
|Beta (5Y monthly)||1.54|
|PE ratio (TTM)||19.73|
|Earnings date||08 Jun 2023|
|Forward dividend & yield||0.02 (1.73%)|
|Ex-dividend date||17 Nov 2022|
|1y target est||127.78|
TR-1: Standard form for notification of major holdings
Huw Merriman said bringing the operation of services under Government control was a ‘reset moment’.
Rail minister Huw Merriman said the move to take on the franchise was temporary, with plans to return it to the private sector.
Rumour has it that Liz Truss was on the cusp of taking control of Avanti’s strike-ridden west coast railway line last autumn until Whitehall officials stepped in.
British government’s OLR also took control of LNER, Northern and Southeastern train services
Rishi Sunak has nationalised one of Britain’s biggest train operators after passengers suffered months of significant disruption and regular cancellations. FirstGroup, the London-listed transport group, will be stripped of the TransPennine Express franchise at the end of this month. It is the latest rail operator to be brought back into public ownership after Southeastern was nationalised in 2021. Fellow red wall seat operator Northern Rail was brought in public ownership in February 2020. The e
Transport Secretary Mark Harper said passengers have suffered ‘continuous cancellations’.
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control after ending its contract to operate trains in the north of England and Scotland, citing months of disruption and regular cancellations across the network. The government intends to return the FirstGroup-owned company to the private sector, Britain's transport department said on Thursday. "This is not a silver bullet and will not instantaneously fix a number of challenges being faced, including (workers' union) ASLEF’s actions which are preventing Transpennine Express from being able to run a full service," transport minister Mark Harper said in a statement.
FIRSTGROUP PLC - Statement on TransPennine Contract
The operator has struggled with reliability and punctuality during parts of the past year.
Avanti West Coast, the under-fire train operator, has been granted another six month contract extension by ministers to prove it can improve services.
The contract extension to Avanti, which is majority owned by London-listed FirstGroup alongside minority partner Italy state-owned Trenitalia, comes after the company was given six months to improve through a short-term contract in October after it cut services in August. Britain's Department for Transport said there had been "very significant" improvements in services, including lower overtime, more trains (to 264 from 180 per day on weekdays); and a steep drop in cancellations (to 4.2% in early March versus nearly 25% in August).
The train operator has struggled with reliability and punctuality during parts of the past year.
FIRSTGROUP PLC - West Coast Partnership Contract Extension
The company reported increased passenger volumes on its buses since September, as it has also seen driver staffing pressure ease.
LONDON (Reuters) -British transport operator FirstGroup said profit for its current financial year would come in above forecasts, as more people decided to travel on its buses and trains over the last three months. Since COVID-19, transport operators across Britain have struggled to get people back onto buses and trains at previous levels, as lifestyles changed and more people now work from home or shop online instead of going into towns. More people than expected were also travelling on two of its rail units, Lumo and Hull trains, which run between London and Edinburgh, and London and Hull, FirstGroup said.
FirstGroup, an operator of buses and rail in the United Kingdom, said its capital spending would increase to 120 to 125 million pounds ($149.6 million) in the full year 2024 as it plans to put in an additional 35 million pounds to expand the fleet and electrify the infrastructure, it said in a statement on Thursday. Britain is on the road to investing heavily in policies that promote public transport, including buses, providing incentives for operators to convert diesel buses to electric or hydrogen-powered vehicles. The company, which runs First Bus and First Rail, was also awarded funding under the first ZEBRA scheme last March.
FIRSTGROUP PLC - Accelerated Investment in First Bus Electrification
FIRSTGROUP PLC - South Western Railway Contract Extension
FIRSTGROUP PLC - Agreement To Acquire Ensign Bus Company