|Bid||48.98 x 0|
|Ask||49.08 x 0|
|Day's range||47.44 - 49.73|
|52-week range||25.00 - 138.80|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||N/A|
|Earnings date||08 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Jan 2013|
|1y target est||99.10|
The Firstgroup (LON:FGP) share price has risen by 1.38% over the past month and it’s currently trading at 54.5. For investors considering whether to buy, hold...
Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goes into a partial shutdown. From Monday, trains will only run on core services, equivalent to about half the passenger trains on a normal weekday, to reflect the drop-off in demand as more and more Britons work from home and stop travelling. Heathrow Airport, the country's biggest, also said on Friday that it would partially shut down some operations after coronavirus brought most air travel to a standstill.
Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;
British bus and rail company FirstGroup <FGP.L> announced plans to sell its two North American-based bus units, as it said it had not seen a significant impact from coronavirus on demand for travel so far. The company said a formal sale process for the North American units, which run yellow school bus services and bus contracts in the U.S. and Canada, was underway and there was significant interest expressed by potential buyers. Major shareholder Coast Capital Management had pressured FirstGroup to sell the businesses, saying there were no synergies between the company's UK and North American operations.
Tchenguiz now owns a 6.09% stake in the company, up from 5.08%. Tchenguiz with Coast Capital Management, FirstGroup's second biggest investor with a 10% holding, called for the sale in November, saying Aberdeen-based FirstGroup's U.S. assets had no synergies with its operations at home, which include a bus and rail division.
Britain's Department for Transport said the South Western Railway (SWR)contract was not financially sustainable in the long term and it was considering whether to nationalise the network. The DfT said in a statement on Wednesday that while SWR had not yet failed to meet financial commitments, its peformance was such that the government was working on contigency measures. The dire situation at SWR, which connects southern England to London, comes at a time of wider problems within Britain's privatised rail system, following the failure of several high-profile rail contracts and amid consumer complaints over strikes and poor service.
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.
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.
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.
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.
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.
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.
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..