SHARES in under-pressure rail and bus company FirstGroup accelerated 6.2% after it revealed its plans remain on track despite the buffeting of the economy.
SHARES in under-pressure rail and bus company FirstGroup accelerated 6.2% after it revealed its plans remain on track despite the buffeting of the economy.
CROSSROADS: FirstGroup has sold a number of its businesses to rival operator Stagecoach. Picture: Marc Turner
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TIM SHARP CITY EDITOR
Aberdeen-based FirstGroup is restructuring its bus business after warning last year that the economic slump and ill-timed fare rises had hit demand in the north of England and Scotland.
Debt-laden FirstGroup, which owns Greyhound in the United States, is expected to slash its dividend later this year.
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