|Bid||36.90 x 0|
|Ask||37.02 x 0|
|Day's range||36.69 - 38.18|
|52-week range||0.41 - 138.80|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Jan 2013|
|1y target est||N/A|
Under the new contracts, FirstGroup and Go-Ahead will not be exposed to the impact of changes in passenger demand.
Britain extended state support to keep its rail network moving during the pandemic, providing private train companies with less lucrative temporary contracts ahead of a shake-up of the way the system operates. Britain privatised its railways in the 1990s with a franchising model that paid out to companies including UK-listed FirstGroup and Go-Ahead as well as Arriva, owned by German state-owned Deutsche Bahn [DBN.UL] and Abellio, owned by the Dutch national rail operator. "The model of privatisation adopted 25 years ago has seen significant rises in passenger numbers, but this pandemic has proven that it is no longer working," Transport minister Grant Shapps said in a statement.
The shares of British bus and train operator FirstGroup <FGP.L> jumped 9% on Tuesday after the company upgraded its profit outlook and said it was seeing interest from potential buyers for Greyhound and its other businesses in North America. FirstGroup said that passenger numbers on its UK buses had accelerated in recent weeks to about 50% of pre-pandemic levels, while on UK railways, where it runs the Great Western Railway and South Western Railway, passenger numbers were still at about 30%. Shares in FirstGroup, which are down 64% year to date, were up 9% at 44.9 pence at 0808 GMT.