FGP.L - Firstgroup plc
| Previous close | 125.00 |
| Open | 125.50 |
| Bid | 126.40 x 0 |
| Ask | 126.50 x 0 |
| Day's range | 124.60 - 126.70 |
| 52-week range | 86.85 - 138.80 |
| Volume | 1,064,529 |
| Avg. volume | 2,320,264 |
| Market cap | 1.539B |
| Beta (5Y monthly) | 0.77 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -19.30 |
| Earnings date | 14 Nov 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 09 Jan 2013 |
| 1y target est | 99.10 |
- Reuters
FirstGroup mulling options for U.S. assets
The announcement comes less than a month after FirstGroup said it would focus on its core U.S. contracting businesses, which include the First Student school bus service and First Transit transportation service, leading to calls from two top shareholders to sell those assets instead. Coast Capital Management and Robert Tchenguiz had separately asserted that Aberdeen-based FirstGroup's U.S. assets had no synergies with its operations at home, which include a bus and rail division. The company, which last month reported a bigger first-half loss, has already put its iconic North American intercity bus service Greyhound up for sale this year, due to competition from low-cost airlines and a drop in demand.
- PR Newswire
FIRSTGROUP PLC - Strategic update - North American contract businesses
FirstGroup plc Strategic update – North American contract businesses
- Investing.com
Premarket London: Cineworld Deal; FirstGroup Eyes U.S. Bus Ops Sale
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Monday, 16th December. Please refresh for updates.
- Reuters - UK Focus
UPDATE 2-Major FirstGroup shareholders call for U.S. asset sale
Two major FirstGroup shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American intercity bus service Greyhound. Coast Capital Management and Robert Tchenguiz separately asked Aberdeen-based FirstGroup, which is also assessing options to separate its British bus division, for more clarity on its plans.
- Reuters
Major FirstGroup shareholders call for U.S. asset sale
Coast Capital Management and Robert Tchenguiz separately asked Aberdeen-based FirstGroup, which is also assessing options to separate its British bus division, for more clarity on its plans. FirstGroup, which last week reported a bigger first-half loss, has said it would focus on its core contracting business in North America, including the First Student school bus service and First Transit transportation service. Coast Capital, which is FirstGroup's second-biggest shareholder with a more than 10% stake, joined Iranian-born property investor Tchenguiz in calling for it to sell the U.S. assets, saying there were no synergies with its British ones.
- Reuters - UK Focus
UPDATE 2-UK watchdog could let FirstGroup, TrenItalia run West Coast rail franchise
A joint venture led by FirstGroup could get the go-ahead to operate Britain's West Coast Main Line, one of the busiest in Europe, Britain's competition watchdog ruled on Friday. The Competition and Markets Authority (CMA) said it could accept concessions offered by the venture, which includes Italy's TrenItalia, designed to address the competition concerns.
- Reuters
UK watchdog could let FirstGroup, TrenItalia run West Coast rail franchise
The Competition and Markets Authority (CMA) said it could accept concessions offered by the venture, which includes Italy's TrenItalia, designed to address the competition concerns. TrenItalia UK and First Rail had secured the British rail franchise that links London, Manchester and Glasgow in August. FirstGroup is already involved with the Great Western, South Western and TransPennine Express franchises.
- Reuters - UK Focus
UPDATE 2-FTSE 100 underperforms global peers on 3i drop, sterling gains
London's FTSE 100 underperformed its major global peers on Thursday, suffering its steepest intra-day drop so far this month as falls in private equity company 3i, stocks trading ex-dividend and a stronger pound hammered the exporter-heavy index. The main index fell 0.8% with 3i Group hitting a five-month low after striking a cautious tone about new investment opportunities and as heavyweight components Sainsbury , Shell and GSK traded without dividend entitlement. The mid-cap FTSE 250 was 0.3% lower, with transport operator FirstGroup dropping nearly 20% on its worst day since May 2018 after a bigger first-half loss due to a charge related to its Greyhound bus line business in the U.S..
- Reuters - UK Focus
UPDATE 2-FirstGroup losses jump after booking charge on for-sale Greyhound business
Losses at Britain's FirstGroup rose after it booked a 124 million pound ($159 million) charge on the Greyhound bus business it is trying to sell, as the U.S. intercity service struggles with problems including a drop in immigration-related demand. Aberdeen-based FirstGroup, which runs bus and train services mostly in the U.S. and UK, put Greyhound up for sale earlier this year, partly due to growing competition from low-cost airlines. Greyhound faces a multitude of other issues, including immigration-related demand at the Southern U.S. border slowing to a five-year low in the second quarter as President Donald Trump tightened border controls, and lower fuel prices prompting people to use their cars instead of its coach services.
- Reuters
FirstGroup losses jump after booking charge on for-sale Greyhound business
Aberdeen-based FirstGroup, which runs bus and train services mostly in the U.S. and UK, put Greyhound up for sale earlier this year, partly due to growing competition from low-cost airlines. Greyhound faces a multitude of other issues, including immigration-related demand at the Southern U.S. border slowing to a five-year low in the second quarter as President Donald Trump tightened border controls, and lower fuel prices prompting people to use their cars instead of its coach services. A revision to the short- and medium-term forecast for Greyhound led to the 124 million pound charge, FirstGroup said, but the company maintained its annual group forecast.
