South Western Railway staff to hold two more strikes in December
14th Dec 2018 07:58
(Sharecast News) - Long-suffering commuters in London, Surrey and the South of England were handed a dose of Christmas misery on Thursday evening, as the Rail, Maritime and Transport Workers Union (RMT) confirmed two more 24-hour strikes on South Western Railway (SWR) would go ahead during December.
Read moreFive days of misery as South Western Railway guards walk out
23rd Oct 2018 10:14
(Sharecast News) - Commuters at the UK's busiest railway station face five days of misery from Tuesday morning, as South Western Railway guards stage a massive strike.
Read moreFirstGroup revenue ahead despite bus struggles
7th Feb 2017 07:13
(ShareCast News) - UK and North America passenger transport operator FirstGroup posted an update on its trading for its third quarter to the end of December 2016. The FTSE 250 firm said the trend of overall trading and expectations for the full year was unchanged, and that reported group revenue inc
Read moreFirstgroup, Trenitalia to bid for East Midlands and West Coast rail franchises
24th Jan 2017 13:54
(ShareCast News) - Transport operator FirstGroup said on Tuesday that it will bid with Trenitalia UK - the passenger rail transport company part of FS Italiane Group - for the East Midlands and West Coast Partnership rail franchise competitions due to be awarded in 2018. First Trenitalia East Midlan
Read moreStrike action and TfL switcheroo unlikely to hit UK train ratings, Fitch says
13th Dec 2016 15:23
(ShareCast News) - With UK train companies' debt coming under the investor microscope, ratings agency Fitch Ratings said the current uncertainty in the rail market and various industrial strikes were unlikely to have an effect on their credit ratings. Incumbent rail operators rated by Fitch include,
Read moreUnseen debts may derail UK bus and rail bidding plans
24th Nov 2016 13:13
(ShareCast News) - Some big changes may be coming to the way companies bid for big UK rail and bus franchises, HSBC has predicted. The bank, which downgraded Firstgroup to a 'reduce' rating but kept a 'buy' on both Go-Ahead Group and National Express, has taken a deep dive into the bus and rail oper
Read moreRAIB issues urgent advice to FirstGroup after Croydon tram derailment
16th Nov 2016 14:16
(ShareCast News) - The Rail Accident Investigation Branch released its interim report into the deadly Croydon tram crash on Wednesday, issuing urgent safety advice to the tram and infrastructure operators while it continued its investigation. Seven people died in the incident just after 0600 GMT on
Read moreFirstGroup expects cash flow to steam higher in second half
15th Nov 2016 07:49
(ShareCast News) - Bus and rail transport operator FirstGroup chugged to a solid first half as a better performances in North American was partly offset by continuing challenging trading conditions in the UK. The traditional seasonal cash outflow in the first half was much improved on last year's an
Read moreWednesday broker round-up
26th Oct 2016 17:40
(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read morePetards wins £6m contract for GWR surveillance systems
10th Oct 2016 08:35
(ShareCast News) - Advanced security and surveillance system software company Petards announced on Monday that it has been awarded a contract to supply Great Western Railway - part of FirstGroup - with Petards eyeTrain systems. The AIM-traded firm said the new contract, worth £6m, is for the design,
Read moreFTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
21st Sep 2016 14:22
(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read moreDeutsche Bank initiates coverage of FirstGroup, Go-Ahead, National Express
21st Sep 2016 09:39
(ShareCast News) - Deutsche Bank initiated coverage of FirstGroup, Go-Ahead and National Express as it took a look at the European Bus & Rail sector. The bank started FirstGroup at 'sell' with a 94p price target, pointing to weak free cash flow generation, high leverage and the absence of a dividend
Read moreRail fares to increase 1.9% in 2017 after RPI inflation rises
16th Aug 2016 09:52
(ShareCast News) - Regulated rail fares in England, Scotland and Wales are due to increase by 1.9% from January 2017 based on official retail price inflation increases announced on Tuesday. After the Office for National Statistics showed the retail price index (RPI) rose 1.9% in July, up from 1.7% i
Read moreFirstGroup, National Express miss out on East Anglia rail franchise
10th Aug 2016 08:39
(ShareCast News) - FirstGroup and National Express both failed to win the East Anglia rail franchise, which the Department of Transport awarded to Dutch-run Abellio. Abellio East Anglia, which is a subsidiary of state-owned Nederlandse Spoorwegen, will run the franchise from October 2016 after pl
Read moreFirstGroup says Q1 revenue lower
15th Jul 2016 07:25
(ShareCast News) - Transport operator FirstGroup said first quarter revenue decreased by 1.4% in constant currency, with revenue growth in First Student, First Transit and First Rail offset by decreases in First Bus and Greyhound. It added that there was no change to overall outlook for the current
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