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Regular news: Issue 601 26 Jul 2012

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Buses / Coaches / FTR, All of UK

FirstGroup expects cash from bus operations to be flat this year

FirstGroup's board expects cash flow from its bus operations to be "broadly neutral" as it set out plans to improve performance following a big fall in the value of its shares over the last year.

Tim O'Toole, FirstGroup chief executive, reporting on the results of the first quarter of 2012/13, told shareholders that overall trading was "in line with expectations," with growth in both rail and bus passenger revenues in the U.K. Revenue from its rail franchises was up 8.2% and from its bus...

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