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United Kingdom

FirstGroup PLC (FGP.L)

FGP.L on London Stock Exchange

83.60GBp
10:35am BST
Change (% chg)

1.30 (+1.58%)
Prev Close
82.30
Open
82.90
Day's High
84.00
Day's Low
82.05
Volume
2,053,759
Avg. Vol
4,461,974
52-wk High
136.00
52-wk Low
76.15

Latest Key Developments (Source: Significant Developments)

Firstgroup Says Tim O'Toole Agreed To Be Placed On Garden Leave Until Employment Ends
Friday, 1 Jun 2018 

June 1 (Reuters) - FirstGroup PLC ::IN ORDER TO ASSIST WITH A PERIOD OF TRANSITION, TIM O'TOOLE AGREED TO BE PLACED ON GARDEN LEAVE UNTIL HIS EMPLOYMENT ENDS ON 30 SEPTEMBER.TIM WILL CONTINUE TO RECEIVE HIS CURRENT SALARY, BENEFITS AND PENSION UNTIL 30 SEPTEMBER 2018.FIRSTGROUP TIM'S AWARDS UNDER FIRSTGROUP LONG-TERM INCENTIVE PLAN WILL LAPSE ON TERMINATION OF HIS EMPLOYMENT WITH COMPANY.REMUNERATION COMMITTEE HAVING CONSIDERED MATTER CAREFULLY DETERMINED TIM'S DEFERRED BONUSES UNDER FIRSTGROUP EXECUTIVE ANNUAL BONUS PLAN.MAXIMUM PAYMENT OF £699,167 IN LIEU OF TIM'S SALARY, PENSION, CAR ALLOWANCE AND MEDICAL INSURANCE FOR PERIOD OF HIS NOTICE WILL BE MADE IN 8 EMIS.TIM WILL NOT RECEIVE A BONUS IN RESPECT OF 2018 AND WILL NOT BE ELIGIBLE FOR PARTICIPATION IN ANY 2019 BONUS SCHEME.WOLFHART HAUSER WILL RECEIVE ADDITIONAL REMUNERATION OF £300,000 ON A PER ANNUM BASIS DURING THIS PERIOD.WOLFHART WILL USE MAJORITY OF ADDITIONAL FEES HE RECEIVES EACH MONTH TO PURCHASE SHARES IN COMPANY.MATTHEW GREGORY SALARY DURING THIS PERIOD WILL BE INCREASED FROM £437,000 TO £500,000.WOLFHART WILL NOT PARTICIPATE IN ANY EXECUTIVE INCENTIVE ARRANGEMENTS OR RECEIVE ANY EXECUTIVE BENEFITS.  Full Article

Firstgroup Says CEO Tim O'toole Stepping Down
Thursday, 31 May 2018 

May 31 (Reuters) - FirstGroup PLC ::TIM O'TOOLE STEPPING DOWN FROM BOARD AND HIS POSITION AS CHIEF EXECUTIVE TODAY WITH IMMEDIATE EFFECT."BOARD HAS ASKED WOLFHART HAUSER TO BECOME EXECUTIVE CHAIRMAN TO WHICH HE HAS AGREED UNTIL SUCH TIME AS A SUCCESSOR IS APPOINTED".MATTHEW GREGORY WILL BE APPOINTED INTERIM CHIEF OPERATING OFFICER WITH IMMEDIATE EFFECT.MATTHEW GREGORY WILL ALSO CONTINUE HIS RESPONSIBILITIES AS CHIEF FINANCIAL OFFICER.  Full Article

UK's CMA says Firstgroup and MTR offered to cap fares on London, Exeter route
Wednesday, 19 Jul 2017 

July 19 (Reuters) - UK's Competition and Markets Authority::Firstgroup and MTR have now offered to cap unregulated fares between London and Exeter on both South Western and GWR Services.Reasonable grounds for believing that proposals might be acceptable to remedy the competition concerns on both London-Exeter rail services.Has until 20 September 2017 to consider whether to accept the undertakings, although it may decide to extend this deadline to 15 November 2017.  Full Article

Firstgroup says disappointed not to have been awarded East Anglia Rail contract
Wednesday, 10 Aug 2016 

Firstgroup Plc :Disappointed not to have been awarded East Anglia Rail franchise after submitting bid.  Full Article

Firstgroup sticks to FY outlook, says too soon to judge Brexit impact
Friday, 15 Jul 2016 

Firstgroup Plc : Trading performance as outlined at recent full year results in june has continued during q1 . Group revenue in q1 decreased by 1.4% in constant currency, with revenue growth in first student, first transit and first rail offset by decreases in first bus and greyhound . No change to overall outlook for current year, recognising that degree to which potential net currency benefits as a result of our significant us dollar based businesses will be offset by a more challenging macroeconomic outlook for our uk businesses is uncertain .Too soon to judge overall effect of eu referendum decision on group..  Full Article

PRESS DIGEST- British Business - June 1

June 1 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.