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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