Coast Capital calls for FirstGroup CEO, two directors to resign
26th Jul 2021 10:10
(Sharecast News) - US private equity investor Coast Capital on Monday escalated its war on First Group as it called for the resignation of the transport firm's chief executive Matthew Gregory, along with two other board members.
Read moreFirstGroup increases shareholder payout to £500m from US sale
22nd Jul 2021 08:56
(Sharecast News) - UK transport operator FirstGroup on Thursday said it was increasing shareholder returns by £135m after completing the sale of its US bus assets to private equity firm EQT Infrastructure.
Read moreFirstGroup once again urges shareholders to back $4.6bn US deal
21st May 2021 11:48
(Sharecast News) - FirstGroup has once again urged its shareholders to back the sale of two business, First Student and First Transit to EQT Infrastructure, after its largest shareholder Coast Capital said it would vote against the deal.
Read moreFirstGroup agrees new deals on TransPennine, South Western franchises
20th May 2021 08:37
(Sharecast News) - FirstGroup has agreed new contracts with the UK government for its South Western Railway and TransPennine Express train operating companies, the company said on Thursday.
Read moreFirstGroup faces shareholder battle over $4.6bn US deal
18th May 2021 14:05
(Sharecast News) - FirstGroup has urged investors to back the sale of two US businesses after its largest shareholder said it would vote against the deal.
Read moreWednesday broker round-up
12th May 2021 13:55
(Sharecast News) - Air Partner: Canaccord reiterates buy with a target price of 100p.
Read moreFirstGroup reaches termination fee deal over TransPennine franchise
11th May 2021 08:02
(Sharecast News) - FirstGroup has reached agreement with the Department for Transport (DfT) on the termination fee payable for the TransPennine Express (TPE) train operating company, it announced on Tuesday.
Read moreFriday broker round-up
30th Apr 2021 12:49
(Sharecast News) - 888 Holdings: Berenberg reiterates buy with a target price of 460p.
Read moreLondon midday: Stocks dip despite barrage of positive readings on the economy
23rd Apr 2021 12:04
(Sharecast News) - Stocks are holding lower at the end of the week despite very positive news out on the UK economy, after Bloomberg reported that Democrats on Capitol Hill want to double the US capital gains tax to nearly 39.6%.
Read moreFirstGroup sells US bus units for £3.3bn
23rd Apr 2021 07:09
(Sharecast News) - FirstGroup agreed to sell its First Student and First Transit US bus businesses for £3.3bn and said it would pay out more than 10% of the proceeds to shareholders
Read moreFirstGroup surges as EQT said to join bid for US operations
7th Jan 2021 14:17
(Sharecast News) - FirstGroup surged on Thursday following a report that EQT Infrastructure - the infrastructure arm of Swedish private equity firm EQT - had joined the race for the £2.5bn US operations of the London-listed transport operator.
Read moreFirstGroup sells 3 Greyhound bus terminals for $137m
31st Dec 2020 07:03
(Sharecast News) - Transport operator FirstGroup has sold three Greyhound bus terminals for $137m (£102m) as it rationalises its property portfolio in North America.
Read moreFirstGroup swings to interim pre-tax loss
10th Dec 2020 08:24
(Sharecast News) - Transport operator FirstGroup swung to an interim pre-tax loss in 2020 amid continued pressure on its British rail and bus units due to the Covid-19 pandemic and the travel slump associated with it.
Read moreFirstGroup agrees easier banking covenants
9th Nov 2020 07:38
(Sharecast News) - FirstGroup has arranged less onerous banking covenants for the next year to give it more flexibility during the Covid-19 crisis.
Read moreHSBC upgrades Stagecoach, Go-Ahead; downgrades Firstgroup
14th Oct 2020 12:40
(Sharecast News) - HSBC downgraded its stance on FirstGroup on Wednesday, but lifted its ratings on Go-Ahead and Stagecoach as it took a look at UK bus and rail operators.
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