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Regular news: Issue 594 13 Apr 2012

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Buses / Coaches / FTR, Funding / Financing, All of UK

FirstGroup seeks to raise £100m from sale of bus subsidiaries

Andrew Forster

Many locaL bus markets across the UK could face significant upheaval in the coming months as FirstGroup seeks to raise over £100m by selling the weakest parts of its bus business.

The plan to concentrate on  markets with the best growth potential was outlined at FirstGroup’s end of year trading update.

Chief executive Tim O’Toole told investors that the UK Bus division was suffering from poor revenue figures particularly in its urban operations in Scotland and the North...

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Your Comments:

Richard
14 Apr 2012

All to often, First Group is not first in the transport league, but sadly lives up to its nickname of Wirst!

Management is perceived as costcutting and sometimes un-caring. This is a pity, as some of their operations are managed and perceived well by passengers.

First needs consistency, quality of service and get away from the 'Pack 'em in' mentality, perceived by the punters as 'Rip 'em off'.

First Group has a long way to go to claim they are, and be perceived as first!