What is driving Firstgroup’s returns against rival Mobico and Britain’s train operators? Rail Investors in Firstgroup are set to rake in a bumper payout this year after profit surged. What's driving the growth?
Firstgroup: Booming rail and bus demand delivers windfall for shareholders Transport Firstgroup dividends sit at 5.5p, a 45 per cent hike on full-year 2023 amid a surge in demand for rail and bus travel.
National Express owner Mobico set for FTSE 250 relegation after audit issues Transport National Express owner Mobico Group could drop off the FTSE 250 after it was forced to delay publication of its full-year results twice amid audit issues.
Firstgroup bids to restore direct London to Rochdale route for the first time since 2000 May 17, 2024 FirstGroup said the new route would be electric and battery powered, and operated by brand new trains which will be built in Britain.
Trainline and Firstgroup shares tumble as Labour pledges rail nationalisation April 25, 2024 Trainline and Firstgroup shares fell this morning after Labour announced plans to renationalise Britain's railway network in the next five years.
Firstgroup steaming ahead: Company wins iconic London cable car contract March 21, 2024 The contract with FirstGroup is due to run for an initial five-year term
Firstgroup hikes full-year profit forecast as open access drives growth March 12, 2024 Firstgroup said it expects higher than expected profits in 2024 because of soaring demand for its open-access services run by Lumo and Hull trains.
Firstgroup shares plunge five per cent following £142m pension charge November 23, 2023 Firstgroup's profits have jumped, but a large one-off charge has hit the company's share price this morning.
Firstgroup set for bumper results but Labour’s rail nationalisation policy a ‘threat’ to share price November 19, 2023 Transport giant Firstgroup is expecting bumper profits in its half year results this Thursday amid strong passenger volumes on bus and rail.
FirstGroup: Share price up for rail and bus operator after profit outlook lifted October 11, 2023 The FTSE 250 company was the biggest riser on the index after the open, with its share price rising 4.92 per cent to 153.7p per share.