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Stagecoach Group Backs FY Forecast For Adjusted EPS
CMA Accepts Proposals From Abellio To Address Concerns On East Midlands Rail Franhise
UK's CMA Raised Concerns Of Possible Higher Fares Under New East Midlands Rail Franchise
Stagecoach Group plc is a United Kingdom-based transport company. The Company is engaged in the sale and operation of passenger transport. The Company operates in four segments: UK Bus (regional operations), megabus Europe, UK Bus (London), and UK Rail. UK Bus (regional operations) connects communities in over 100 towns and cities across the United Kingdom on bus networks stretching from the Highlands of Scotland to south west England. megabus Europe operates megabus.com inter-city coach services within mainland Europe and between the United Kingdom and mainland Europe. UK Bus (London) operates from approximately 10 depots and has a fleet of over 1,300 buses serving routes in and around east and south-east London. The UK Rail segment provides rail operations in the United Kingdom. It provides inter-city train services between London, Edinburgh, Newcastle, Leeds and York.
10 Dunkeld Road
Non-Executive Chairman of the Board
Martin Andrew Griffiths
Chief Executive, Executive Director
William Elliott Whitehorn
Deputy Chairman and Senior Independent Non-Executive Director
Finance Director, Executive Director
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FirstGroup said on Wednesday Britain's transport authority awarded the West Coast Rail Partnership, which operates trains from London to Glasgow, to the transport group's joint venture First Trenitalia West Coast Rail.
** Shares of train and bus operator Stagecoach Group rise as much as 6.7% to 125.2 pence, last up 1.8%
** Shares of train and bus operator Stagecoach Group fall 4.5% to 121 pence
Rail operator Stagecoach is preparing for a future as a smaller firm operating buses and trams in Britain, as it faces exclusion from three important rail routes that could cost the company 1 billion pounds.
Stagecoach Group Plc reported higher annual profit on Wednesday, even as the bus and rail operator faces losing three important rail franchises that could wipe off 1 billion pounds from the company's books going forward.
Rail operator Stagecoach Group Plc is suing Britain's transport authority after being disqualified from bidding for the West Coast rail franchise along with partners SNCF and Virgin.
Rail operator Stagecoach Group Plc said on Friday it along with partners SNCF and Virgin had sued Britain's transport authority, after they were disqualified from bidding for the West Coast rail franchise citing pension concerns.
Stagecoach Group said on Wednesday it had begun legal action against Britain's Department for Transport after the company's bid to continue operating a rail route was rejected due to concerns over pensions.
Stagecoach Group said on Wednesday it had begun legal action against Britain's Department for Transport after bids to renew existing East Midlands and West Coast rail franchises were disqualified due to concerns over pensions.
Stagecoach Group said on Wednesday its bids to renew existing East Midlands and West Coast rail franchises had been disqualified due to concerns over pensions, sending shares in the bus and train operator down as much as 10 percent.
Stagecoach Group said on Wednesday it was disqualified from three UK rail franchise bids after officials informed the train and bus operator that its proposals did not meet some requirements related to pensions risk.
Shares in Stagecoach rose almost 13 percent on Wednesday after the British transport company bumped up its annual profit forecast, citing a strong performance at its rail businesses.
British transport company Stagecoach on Wednesday raised its full-year expectation for adjusted earnings per share, citing a strong performance at its UK Rail division.
The loss of a contract to run trains from London to Edinburgh cost Stagecoach <SGC.L> more than 85 million pounds ($111.20 million) and the British transport company cut its dividend to reflect its smaller rail business.
British transport company Stagecoach cut its dividend after annual profits fell, and the company took an 85.6 million pound ($112 million) hit from the failure of the East Coast rail contract.
Britain could take over the running of the rail route between London and Edinburgh from private operator Stagecoach <SGC.L> after the company got its numbers wrong, leaving the contract close to collapse, the Transport minister said on Monday.
British transport company Stagecoach said on Wednesday its 2018 earnings forecast was unchanged despite lower bus revenue and passenger volumes, adding that it expected modest growth in its final dividend for the year.
British transport company Stagecoach said its 2018 earnings forecast was unchanged despite lower bus revenue and passenger volumes, adding that it expects modest growth in its final dividend for the year.
Rail and bus operator Stagecoach Group <SGC.L> reported a 15.3 percent drop in full-year pretax profit and took a 84 million pound charge against its unprofitable East Coast rail franchise on Wednesday, sending its shares to a seven-year low.
British transport company Stagecoach Group Plc on Wednesday reported a 15.3 percent drop in its full-year pretax profit as economic conditions hurt its domestic bus business.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.