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United Kingdom

Stagecoach Group PLC (SGC.L)

SGC.L on London Stock Exchange

129.70GBp
22 May 2019
Change (% chg)

-7.10 (-5.19%)
Prev Close
136.80
Open
137.20
Day's High
137.20
Day's Low
128.70
Volume
1,003,812
Avg. Vol
940,631
52-wk High
184.70
52-wk Low
113.90

Latest Key Developments (Source: Significant Developments)

Stagecoach Group Updates On Rail Franchise Disqualifications
Thursday, 2 May 2019 

May 2 (Reuters) - Stagecoach Group PLC ::STAGECOACH GROUP PLC - RAIL FRANCHISE UPDATE.STAGECOACH GROUP PLC - FULL EXTENT OF RISKS IS UNKNOWN, BUT WE ESTIMATE THEM TO BE WELL IN EXCESS OF £1 BILLION FOR THREE FRANCHISES.STAGECOACH GROUP PLC - WERE SHORTLISTED IN EAST MIDLANDS, SOUTH EASTERN , WEST COAST PARTNERSHIP FRANCHISE COMPETITIONS.  Full Article

Stagecoach Group Says Co Excluded From All 3 Competitions For Submitting Non-Compliant Bids
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Stagecoach Group PLC ::DEPARTMENT FOR TRANSPORT RAIL FRANCHISING.OFFICIAL INFORMED STAGECOACH THAT IT HAS BEEN EXCLUDED FROM ALL 3 COMPETITIONS FOR SUBMITTING NON-COMPLIANT BIDS.EXCLUDED FROM ALL THREE COMPETITIONS FOR SUBMITTING NON-COMPLIANT BIDS PRINCIPALLY IN RESPECT OF PENSIONS RISK.WOULD URGE THAT A FULL INDEPENDENT VALUE FOR MONEY REVIEW IS UNDERTAKEN INTO ISSUE WITHOUT DELAY.BELIEVE STRONGLY THAT PRIVATE SECTOR SHOULD NOT BE EXPECTED TO ACCEPT MATERIAL RISKS IT CANNOT CONTROL AND MANAGE."EXTREMELY SURPRISED" THAT GOVERNMENT STILL EXPECTS PRIVATE OPERATORS TO TAKE RISKS THEY ARE NOT BEST PLACED TO MANAGE.  Full Article

Stagecoach Group Confirms New East Midlands Trains Franchise
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Stagecoach Group PLC ::CONFIRMATION OF NEW EAST MIDLANDS TRAINS FRANCHISE.EAST MIDLANDS TRAINS LIMITED, HAS AGREED A NEW SHORT-TERM RAIL FRANCHISE WITH DEPARTMENT FOR TRANSPORT.NEW FRANCHISE WILL COMMENCE ON 3 MARCH 2019 AND RUN UNTIL AT LEAST 18 AUGUST 2019.DFT HAS DISCRETION TO EXTEND FRANCHISE BY UP TO 24 WEEKS ON TERMS THAT HAVE BEEN AGREED.  Full Article

Stagecoach Says Transport Department Called For Extension To West Coast Rail Franchise
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Stagecoach Group PLC ::STAGECOACH GROUP - DEPARTMENT FOR TRANSPORT CALLED EXTENSION OF UP TO 1 YEAR TO WEST COAST RAIL FRANCHISE OPERATED BY COMPANY'S JV, VIRGIN RAIL GROUP.STAGECOACH GROUP PLC - CURRENT WEST COAST FRANCHISE WAS DUE TO END IN MARCH 2019 AND CAN NOW CONTINUE FOR A PERIOD UP TO MARCH 2020.  Full Article

Stagecoach Says FY Adjusted EPS Forecast Broadly Unchanged
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Stagecoach Group PLC ::TRADING STATEMENT.MADE GOOD START TO YEAR AND FORECAST OF FY ADJUSTED EARNINGS PER SHARE BROADLY UNCHANGED.LFL REVENUE FOR UK BUS (REGIONAL OPERATIONS) OF 3.2 PERCENT FOR SIXTEEN WEEKS ENDED 18 AUGUST.LFL REVENUE UK BUS (LONDON) FOR SIXTEEN WEEKS ENDED 18 AUGUST 2018 OF (2.2)%.LFL REVENUE FOR NORTH AMERICA FOR FOUR MONTHS ENDED 31 AUGUST 2018 OF (3.8)%.LFL REVENUE FOR UK RAIL (EXCLUDING VIRGIN TRAINS EAST COAST) FOR SIXTEEN WEEKS ENDED 18 AUGUST 2018 OF 2.1%.LFL REVENUE FOR VIRGIN RAIL GROUP FOR SIXTEEN WEEKS ENDED 18 AUGUST 2018 OF 5.3%.  Full Article

Stagecoach Group posts H1 pretax profit of 96.7 mln pounds
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - STAGECOACH GROUP PLC ::HALF YEAR PRETAX PROFIT 96.7 MILLION STG VERSUS 89.5 MILLION STG YEAR AGO.HALF YEAR REVENUE 1.8 BILLION STG.INTERIM DIVIDEND 3.8 PENCEPER SHARE.H1 EARNINGS PER SHARE 13.6 PENCE (H1 2017: 12.7 PENCE).NO CHANGE TO OUR EXPECTATION OF 2017/18 EARNINGS PER SHARE."EAST MIDLANDS TRAINS FRANCHISE HAS BEEN EXTENDED THROUGH TO MARCH 2019, WITH PROSPECT OF AGREEING A FURTHER DIRECT AWARD FRANCHISE".  Full Article

Stagecoach says FY revenue rose 1.8 pct to 3.941 bln stg
Wednesday, 28 Jun 2017 

June 28 (Reuters) - Stagecoach Group Plc SGC.L::FY revenue rose 1.8 percent to 3.941 billion stg.Final dividend 8.1 pence per share.Preliminary results for year ended 29 April 2017.FY adjusted earnings per share of 24.4 pence (2016: 27.7 pence) in line with expectations.Business expected to be profitable from 2019."Disappointed to report losses at Virgin Trains East Coast".In discussions with Department For Transport regarding contractual rights, obligations under current Virgin Trains East Coast franchise.Operating profit for year ended 29 april 2017 of £121.1m (2016: £137.3m).Made financial provisions to reflect short-term outlook for Virgin East Coast business over next 2 years.  Full Article

Stagecoach updates on West Coast Partnership, South Eastern rail franchises
Thursday, 22 Jun 2017 

June 22 (Reuters) - Stagecoach Group Plc ::Shortlisted by Department for Transport to receive an invitation to tender for new South Eastern franchise.Stagecoach, Virgin Group & SNCF, bidding as West Coast Partnership Ltd, have been shortlisted for West Coast Partnership franchise.  Full Article

UPDATE 1-UK Stocks-Factors to watch on May 9

May 9 Britain's FTSE 100 index is seen opening 33 points lower at 7,238 on Thursday, according to financial bookmakers, while FTSE 100 futures were down 0.30 percent ahead of the cash market open.