Stagecoach full-year profit rises; dividend lifted 10.5%
24th Jun 2015 07:14
Stagecoach posted a 4.5% rise in full-year pre-tax profit on Wednesday as it raised its annual dividend by 10.5%. For the year ended 30 April 2015, pre-tax profit came in at £165.2 from £158m the year before, on revenue of £3.2bn, up from £2.9bn. The full-year dividend per share came in at 10.5p fr
Read moreStagecoach-Abellio joint venture shortlisted for East Anglia franchise
2nd Jun 2015 08:15
International public transport operator Stagecoach Group has confirmed its joint venture with Abellio has been shortlisted by the Department for Transport for the new East Anglia franchise. The new franchise operates on five routes, covering a mixture of inter-city and regional services and carrying
Read moreFTSE 250 movers: property and rail stocks surge on Tory win
8th May 2015 13:27
Wireless antenna maker Laird topped the risers on higher first quarter revenues and a strong outlook for the rest of the year. "We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook," said chief executive Dav
Read moreStagecoach on track to meet annual targets
29th Apr 2015 10:46
Solid performances in its London bus and UK rail divisions drove like-for-like annual revenue up at public transport group Stagecoach. The FTSE 250 group said that trading in the year that ends on Thursday had been in line with expectations and the company reiterated its earnings guidance. Stagecoa
Read moreUtilities, rail operators most exposed to UK election, Fitch says
17th Apr 2015 10:27
Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings. With the Conservative Party having frozen rail fares, and Labour pledging to freeze energy prices if
Read moreHSBC and Nomura slap 'buy' ratings on the UK's Go-Ahead and Stagecoach
8th Apr 2015 12:03
Go-Ahead Group and Stagecoach shares were both rated 'buy' at investment banks HSBC and Nomura who on Wednesday coincidentally offered their updated views on the UK bus and rail transport sector. In separate notes, Nomura upgraded its rating on Go-Ahead to 'buy' from 'neutral 'while HSBC established
Read moreFriday broker round-up
20th Mar 2015 15:33
Asos: Citi reiterates neutral. TSB Banking: Numis reiterates hold and 340p target. Aviva: Nomura reiterates buy and lifts target to 690p from 650p. WPP: Morgan Stanley reiterates buy and raises target to 1,625p from 1,400p. Tullow Oil: Barclays reiterates overweight and 550p target. William Hill
Read moreStagecoach reports like-for-like revenue growth across all units
3rd Mar 2015 08:16
Transport giant Stagecoach is on course to meet expectations for the year with growth across all its divisions, according to a trading update on Tuesday. In the 40 weeks ended 1 February 2015, the company reported a 2.7% gain in like-for-like (LFL) revenue at it UK regional bus unit and a 9.8% rise
Read moreCompetition concerns over Stagecoach's East Coast rail franchise
8th Feb 2015 13:07
Stagecoach's majority-owned subsidiary, ICRL, has been told by the Competition and Markets Authority (CMA) that it must address competition concerns if it is to avoid an in-depth merger investigation following its successful bid to run the East Coast rail franchise. The announcement came after a rev
Read moreStagecoach Group lowers FY profit expectations for US and UK bus operations
10th Dec 2014 12:33
Public transport group Stagecoach dropped sharply on Wednesday after announcing that full year profit from its UK and US bus operations will be lower than previously expected. said it is in an "excellent financial shape" despite a drop in its profits during the first half of the year. Writ
Read moreFTSE 250 Movers: Transport surges, energy sector dips
27th Nov 2014 14:31
Stagecoach saw shares surge after its 90%-owned joint venture with Virgin Rail won the contract from the Department for Transport to run the new InterCity East Coast franchise for eight years from March 2015. Shares also jumped for plastic packaging supplier RPC, following the announcement of its
Read moreLondon midday: FTSE flat as energy shares slump ahead of OPEC meeting
27th Nov 2014 11:33
Heavy falls in the energy sector kept a lid on gains for the FTSE 100 on Thursday as investors awaited the outcome of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. London's benchmark index was up just 0.06% at 6,733 by midday. The index has traded broadly s
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreLondon open: Investors await pivotal OPEC meeting, Brent drops
27th Nov 2014 09:12
The UK stock market opened flat on Thursday as investors awaited a jam-packed day full of economic data, policymaker speeches and a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC). London's FTSE 100 index was down 0.1% at 6,722 in early deals. While US markets will be cl
Read moreLondon pre-open: All eyes on the OPEC meeting, stocks inch higher
27th Nov 2014 07:32
US markets might be closed together for Thanksgiving but those hoping for a quiet day could be disappointed with the Organization of Petroleum Exporting Countries (OPEC) set for a pivotal meeting in Vienna. City sources predict the FTSE 100 will open around eight points higher than yesterday's close
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