News

The French could be running more of Britain’s transport network after state transport group Keolis/Eurostar was named one of three shortlisted bidders for the reprivatisation of the East Coast franchise.

James Moore: Activists are on the rise, so shareholders - wake up

Outlook Billionaire Thomas Sandell is making it quite clear that it will take more than a couple of paracetamol to handle the headache he is causing for FirstGroup.

Tom Sandell urges FirstGroup to reassess 'premature' break-up rejection

Billionaire activist investor Tom Sandell has accused the £1.7 billion transport group of a “premature” rejection of its break-up plans for the business.

The Business Matrix: Thursday 12 December 2013

Peugeot Citroen sells 40% stake

FirstGroup rejects US hedge fund break-up proposal

FirstGroup says the plan was “not compelling” and contained “a number of structural flaws and inaccuracies”.

FirstGroup appoints Aviva boss John McFarlane new chairman

FirstGroup has named City stalwart John McFarlane as its new chairman.

Commuters on a First Capital Connect Service as FirstGroup announced a £615 million fundraising and cancelled its dividend after plans to turn around the business were derailed by the West coast mainline fiasco

FirstGroup shares slump by a fifth as troubled bus and train operator announces £615m fund-raising bid

Chairman steps down after 27 years in the driving seat

James Moore: Back to school in the US for National Express

Outlook Forget the bus, bosses at National Express need to get on a plane. Today's AGM promises some fireworks with demonstrations planned from the main union (the Teamsters) representing drivers of those iconic yellow school buses used in the US.

The Business Matrix: Wednesday 10 April 2013

EE to double network speed

Bus giant FirstGroup defies the downturn

Shares in FirstGroup jumped after the transport giant revealed a 2.4 per cent rise in bus revenues and said the turnaround of its UK bus arm was going according to plan.

Go-Ahead urges speed on trains tender

Go-Ahead has urged the Government to speed up the tender process for the Thameslink rail franchise.

Members of the public disembark a National Express train

Anger over £1m pay deals for rail bosses as fares keep going up

Pay figures emerge as poll of passengers reveals commuter dissatisfaction

Mark Leftly: No point reversing to the 1990s on rail franchising if the model is so flawed

Outlook Ah, the 1990s… MC Hammer, puffa jackets, grunge, Gazza's tears, This Life, the private finance initiative, negative equity, high interest rates and John Major desperately clinging on to his premiership.

Temporary Virgin West Coast Main Line deal expected

A deal to allow Sir Richard Branson's train company, Virgin Rail, to temporarily carry on running trains on the West Coast Main Line is expected to be announced by the Government tomorrow.

Simon English: FirstGroup protests – and shareholders suffer

FirstGroup protests – and shareholders suffer

Investment Column: Hold tight on Stagecoach but buy FirstGroup

Stagecoach: Hold. Price: 280.5p (-1.3p) FirstGroup: Speculative Buy. Price: 184.6p (-6.1p)
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