FirstGroup is cutting back vehicle replacement in its UK bus business, and will concentrate spending in places where local authorities are doing most to promote bus travel.
The operator announced the policy alongside half-year results that showed revenues up and adjusted operating profits flat, but statutory operating profit down.
Said FirstGroup: “We are investing in First Bus at lower levels than the prior year as we begin to focus our capital budget only on those markets...+89% more
TransportXtra is part of Landor LINKS
© 2019 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: email@example.com | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7875