Get FirstGroup PLC (FGROF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. He claimed that "there is a clear disconnect between what the chairman has stated and what the CEO presented". FirstGroup tells activist investor to get off the bus but will its other shareholders back it? We have bus routes serving 40 of the UK’s largest towns and cities providing great value public transport for students, commuters, leisure travellers and concession travellers. He claimed last week's results from the train and bus operator, where he has a 4.7% stake, were ambiguous, misleading and confusing "at best" and challenged the "defunct" strategy laid out by the company in May. The latest breaking news, ... First Group wins approval for budget Edinburgh to London rail service. This new look scores a hole in one. FGP Share News. Andy Street, the West Midlands Mayor, has given the company an ultimatum to get its house in order by the end of this month. The county council said some staff were self-isolating and this was reducing the number of people available to work. Firstgroup Share Chat. Media enquiries. An activist investor in bus and rail operator FirstGroup has claimed its board is "destructive" as it seeks to shake up the company's management team. Like-for-like revenues from its rail business climbed 4.9%, helped by "a strong contribution" from its GWR franchise. FirstGroup plc has announced that it has reached an agreement with the Department for Transport (DfT) on the next steps for the South Western Railway (SWR) and West Coast Partnership train operating companies – the latter of which comprises Avanti West Coast and the shadow operator for HS2 (together known as Avanti).. As announced on 20 September 2020, SWR and Avanti are currently … FirstGroup sells Greyhound bus terminals for £100m, Singing bus driver hits right note with passengers, Video caption: Singing Bristol bus driver a hit with passengers, Singing Bristol bus driver a hit with passengers, City bus firm pilots online booking service, Transport giant First warns of 'uncertain' future, Government bails out bus firms to keep routes open, Buses cut in Suffolk as passenger levels drop, Transport giants count cost of coronavirus, FirstGroup under fresh pressure to demerge US unit, Analysis: Train operators under pressure over punctuality, New West Coast train management 'must aim high', Quote Message: The satisfaction rating is 91% at Virgin Trains, one of the best-performing companies, so that's going to be a pretty tall order to maintain that." At its results on Thursday, FirstGroup revealed a £187m half year loss, following a £124m write- down on its Greyhound business and a £59m hit from rising insurance premiums in the US. And then there is the case of Northern. The transport firm had to write … Shares in FirstGroup have slumped by 20% in midday trading, to 103 pence, after it announced a big half-year loss. Avanti West Coast, a partnership between the Italian state-owned firm Trenitalia and the UK operator First, has taken over, although many of the staff are the same, the management will be trying to show it brings higher standards. Follow live updates on share prices, bonds, commodities and currencies from UK and global markets and find the latest financial news. Vermont Business Magazine Gardener’s Supply Company, one of the nation’s largest multi-channel marketers of gardening products and accessories, has announced that Jim Feinson, CEO, has stepped down as of the end of 2020. The Competition and Markets Authority (CMA) has accepted a proposal to cap rail fares on certain routes between Preston in Lancashire and Scotland. FirstGroup sells Greyhound facilities in North America Breaking Travel News 11:07 4-Jan-21 FirstGroup sells Greyhound bus terminals for £100m BBC 14:50 31-Dec-20 FirstGroup scores on major US property disposals The Scottish Herald 12:46 31-Dec-20 The transport firm had to write down the value of its US coach business Greyhound. Did you know... Keep me updated. FirstGroup, the UK’s largest bus company and operator of rail franchises including Avanti West Coast and Great Western Railway, has admitted it may not be able to … The First Group (TFG) is set to open four new upscale hotels in Dubai by 2020 as it looks to capitalise on the growing number of mid-market tourists visiting... May 03, 2017 News Chat About FGP Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary. First group of Massachusetts officers returns from Puerto Rico. FirstGroup News: This is the News-site for the company FirstGroup on Markets Insider But the franchising system of today is now widely seen as far too rigid and that's why the government's rail review will soon announce deep reform to the structures that underpin our railways today. Shares in FirstGroup have slumped by 20% in midday trading, to 103 pence, after it announced a big half-year loss. FirstGroup to sell Greyhound buses in US 30 May 2019 FirstGroup signalled it is considering breaking itself up by seeking a buyer for its Greyhound buses in … ... Get Today’s Headlines every morning and breaking news as it unfolds, right to your inbox. Virgin ran the services linking Cumbria with Scotland and London for more than 20 years, but it was excluded from bidding for the new franchise, because its business partner, Stagecoach, didn't meet the government's pension rules. Anyone using other public transport should check with their service provider for latest timetables, said councillor Andrew Reid. FirstGroup, one of the biggest British transport companies, … However, it took a charge of £124.4m as wrote down the value of the business, and this pushed its loss for the six months to 30 September to £187.1m. South Western Railway is also under pressure to deliver a more punctual service. Following the loss of £290.9 million in 2018, FirstGroup has announced that it plans to separate FirstBus from FirstGroup. Read First Bus news or select your local area for news and service updates. The Aberdeen-based bus and train operator sees a huge fall in passengers, and losses of more than £150m. Feinson joined Burlington-based Gardener’s Supply Company in February 1988 and became President in 1999 and CEO in 2008. The CMA said today: "For both West Coast Rail and TransPennine Express services these include caps on unregulated fares and maintaining the same availability of cheaper advance tickets for all 21 routes that raise competition issues.". Under his leadership, the company … The company, a partnership between the Aberdeen-based First group and the Italian state-owned Trenitalia, is promising new trains and a complete refurbishment of all the 56 existing Pendolinos, and more services by 2022. Leading developer reveals foundation stone of iconic Dubai Marina property, which will set a new global hospitality benchmark when it opens in 2023, is close... Aug 11, 2020 Our UK Bus division operates around a fifth of local bus services in the UK and is one of the largest bus operators with a fleet of approximately 6,400 buses around the England, Scotland and Wales. The stock was acquired at an average price of GBX 77 ($1.01) per share, with a total value of £150.92 ($197.18). That company's future hangs in the balance. Weston Development Group News. The new train operator for the trains from London through Cumbria to Scotland will be run under the brand name of Avanti West Coast, which yesterday revealed the new livery for the trains. FirstGroup says more passengers paid with contactless and mobile apps rather than cash for the first time. Despite this, overall revenues rose 6.9% to £3.53bn. The transport giant sells three major properties in North America in order to "rationalise" its portfolio. The UK's competition regulator says franchise winner FirstGroup is the sole operator on several routes. Train companies have to try and live up to commitments they made to government under their franchising agreements. The firm recently won the franchise to run the UK's West Coast main line in a venture with Trenitalia. from Robert Talbot, Preston-to-Scotland rail fares to be capped, Revealed: The new look for West Coast Main Line trains, Cashless payments overtake cash on First buses, FirstGroup shares fall by 20% on Greyhound write-down, West Coast Rail prices could rise, warns watchdog, The agreement is part of a deal with FirstGroup and TrenItalia, the government declined to renew the Virgin franchise. The Group also operates Great Western Railways, Great Western Railway and TransPennine Express and Hull Trains.. Journalists with local First Bus media enquiries should contact the relevant regional PR contact listed here. Businessman Robert Tchenguiz has attacked the FirstGroup board, accusing them of misleading the stock market. "We are doing all that we can to help keep vital services going for those who must travel – our key workers and elderly and vulnerable residents," he added. Find 3 listings related to First Group America in Boston on YP.com. "Trains must run on time" has been a mantra of Transport Secretary Grant Shapps since he took up his post in the summer. Ryan Mangold also recently made the following trade(s): On Tuesday, November 10th, Ryan […] We provide easy and convenient mobility, improving quality of life by connecting people and communities. Stagecoach and FirstGroup step up efforts to mitigate the impact of the pandemic on their businesses. Business News. Connect with Facebook Overall revenues rose to £3.5bn in the period from £3.3bn a year earlier. FirstGroup plc is a transport operator in the United Kingdom and North America. Season ticket holders there have already been given a rebate so their fares don't increase this year. We have completed the first group of homes and have our first Grafton residents. The opposite has been true on parts of the UK's railways so far this winter. The story of the West Coast rail fiasco, Lucy Tobin: FirstGroup shares could hit the buffers over threat to, Market Report: Snake anti-venom puts bite into BTG, 'A terrible mistake': Taxpayer to foot £40 million bill over, Virgin Trains to mount last-ditch legal challenge over West Coast main, Virgin plans legal fight for West Coast train line, Leading article: Even a mega-star like Sir Richard Branson must, Sir Richard Branson offers to run trains for free, Sir Richard Branson offers to temporarily run the West Coast Main Line, Celebrities including Lord Sugar and Jamie Oliver back u-turn on, Leading article: Rail contracts are on the wrong track, Sir Richard Branson condemns rail bid process as Virgin Rail loses, FirstGroup's East Coast bid referred but Virgin cleared, FirstGroup plans overhaul of its bus services, Leading article: If only Apple could be more like Puma, Global operators battle to win £2bn rail franchises, Global operators are battling to win £2bn franchises to run trains in, Theresa Villiers 'dashed Bombardier train deal hopes', Market Report: Second-line rail companies could be next bid target, Market Report: RBS bucks weak banking sector trend, Former Man Utd boss wrote to support disgraced financier, Market Report: Housing in focus as Footsie runs out of steam, Investment Column: FirstGroup can travel further, Business Diary: EasyJet lands its latest arrival, The Week Ahead: Grim figures expected from Home Retail, Hold the tartan! The agreement is part of a deal with FirstGroup and TrenItalia who won the contract to operate the West Coast Rail franchise between London Euston and Glasgow or Edinburgh. First Group’s bus division carries 1.6 million passengers per day across the UK. Firstgroup News Headlines. Virgin Trains will be a "hard act to follow" for the new company Avanti, that is now running services on the West Coast Mainline, according to one Cumbrian passenger group. The first Avanti trains will run on 8 December, after the government declined to renew the Virgin franchise which has run services since 1997. Passengers on that network had a torrid time in the autumn and say things have only slightly improved since then. Aug 10, 2020 Facts and stats. It added that the two operators "must submit regular reports to the CMA to show they are complying". Financial News Articles for Firstgroup Plc Ord 5P updated throughout the day. FirstGroup activist wins Schroders’ backing to oust chair. Read about our approach to external linking. See reviews, photos, directions, phone numbers and more for First Group America locations in Taunton, MA. Robert Talbot of the Lakes Line User Group says Virgin has set the bar high. FirstGroup plc (FGP.L) (LON:FGP) insider Ryan Mangold acquired 196 shares of the company’s stock in a transaction dated Monday, January 11th. "The changes to timetables aim to balance the reduced levels of passenger usage as people follow the new instructions to stay at home with the need to reduce the number of people required to run transport services.". US hedge fund Coast Capital has become the biggest shareholder in the bus and rail operator. Resources for Media Two big fund managers will vote to remove the Greyhound-owner’s chairman Wolfhart Hauser, Sky News learns Don't miss out. FirstGroup - latest news, breaking stories and comment - Evening Standard Login Register Logout See reviews, photos, directions, phone numbers and more for First Group America locations in Boston, MA. France's Keolis-Eurostar bidding for stake in Britain's railway. FirstGroup, Go-Ahead jump on bus bailout extension Shares in FTSE 250 public transport operators FirstGroup (FGP) and Go-Ahead (GOG) gained ground after the government extended a bailout for local bus services. FirstGroup plc is a leading provider of transport services in the UK and North America. WOBURN, MA — Dozens of Woburn city employees were vaccinated Tuesday at the first day of the city's first responder vaccination clinic, Mayor Scott … Due to strong demand we have also started the installation of the Craftsman Court roadway to service the remaining homes … The Ipswich park and ride service, run by First, will be suspended from Wednesday, said the Local Democracy Reporting Service (LDRS). Register your details if … Latest news First Bus is piloting the scheme in Bristol with a view to rolling it out across the West Country. FirstGroup’s first-half loss compared with £4.6m in the same period a year earlier. ... June 7, 2018. First Bus has proposed alterations to 11 services, including the removal of two routes in Aberdeen. Real time FirstGroup (FGP) stock price quote, stock graph, news & analysis. Latest London news, business, sport, showbiz and entertainment from the London Evening Standard. The Company operates through five segments: First Student, First Transit, Greyhound, First Bus and First Rail. One theme is a tendency by train companies to try and deliver overly-ambitious timetables which they are ultimately unable to deliver. A £167m fund will cover the losses of bus companies to keep essential services running for key workers. FirstGroup welcomes extension of government rail industry funding Transport services company FirstGroup said the UK government had extended the … Find 5 listings related to First Group America in Taunton on YP.com. The Unite union has informed the company it intends to ballot drivers on action over service changes including reduced rest time for drivers. Avanti to replace Virgin Trains on UK’s busiest intercity line, Campaigns to reverse the privatisation of buses gain pace, FirstGroup tells activist investor to get off the bus, London-Edinburgh trains to cost less than £25 with budget rail link, FirstGroup chief executive Tim O'Toole resigns after heavy losses, South Western rail commuters promised more seats, faster London trains, Discrimination against disabled passengers on our buses is a new low, First Group wins approval for budget Edinburgh to London rail service, France's Keolis-Eurostar bidding for stake in Britain's railway, James Moore: Activists are on the rise, so shareholders - wake up, Tom Sandell urges FirstGroup to reassess 'premature' break-up, FirstGroup to take row with regulator to court, FirstGroup rejects US hedge fund break-up proposal, The Business Matrix: Thursday 12 December 2013, FirstGroup appoints Aviva boss John McFarlane new chairman, FirstGroup revs up for US bus routes expansion, FirstGroup sees £50m government support for recession-hit rail, London bus boost offsets FirstGroup rail setback, OFT derails FirstGroup's franchise bid in Scotland, All change at FirstGroup as bus operator announces boardroom shake-up, Market Report: Stagecoach resilient in face of terrorist attacks, FirstGroup shares slump by a fifth as troubled bus and train operator, James Moore: Back to school in the US for National Express, The Business Matrix: Wednesday 10 April 2013, Anger over £1m pay deals for rail bosses as fares keep going up, Mark Leftly: No point reversing to the 1990s on rail franchising if, Temporary Virgin West Coast Main Line deal expected, Simon English: FirstGroup protests – and shareholders suffer, Investment Column: Hold tight on Stagecoach but buy FirstGroup, From cuts to crash? The competition watchdog was concerned after it found that on 21 routes, passengers would have little or no option but to choose a service run by FirstGroup, which also operates TransPennine Express. An activist investor is calling for the transport group to separate off its North American operations. Want an ad-free experience?Subscribe to Independent Premium. FirstGroup announced in May that it was planning to sell Greyhound, and in its latest results it said this sale process was now "well advanced". FirstGroup’s history Read more about the growth of FirstGroup, from our roots as a local bus company in Aberdeen to the largest surface transport group in the UK and North America. It's been chaotic on West Midlands Railway and London North Western Railway - both of which are run by West Midlands Trains. Bus services are being cut across Suffolk because of the reduced number of people using them during the coronavirus crisis. Mr Tchenguiz said he has asked chairman David Martin to publicly clarify what FirstGroup's aims and ambitions are, adding that he believes the comments made Mr Martin are at odds with those said by the chief executive. The UK's competition watchdog agrees to cap rail fares on certain routes between Scotland and Preston. Company profile page for FirstGroup America Inc including stock price, company news, press releases, executives, board members, and contact information The satisfaction rating is 91% at Virgin Trains, one of the best-performing companies, so that's going to be a pretty tall order to maintain that.". Down the value of its us coach business Greyhound backing to oust chair a torrid time in the autumn say. Of the UK 's West Coast main Line in a venture with Trenitalia work... And more for First Group America in order to `` rationalise '' its portfolio is! 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