EMBATTLED FirstGroup chief executive Tim O'Toole insisted he is backed by the rail and bus company's board after the freezing of its dividend prompted another plunge in the company's share price leaving it at less than half the level it was when he took over two years ago.
EMBATTLED FirstGroup chief executive Tim O'Toole insisted he is backed by the rail and bus company's board after the freezing of its dividend prompted another plunge in the company's share price leaving it at less than half the level it was when he took over two years ago.
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Tim Sharp City Editor
He said Aberdeen-based FirstGroup is in talks with the Government about recovering the costs of its aborted bid for the West Coast rail franchise.
But it is very unlikely to be compensated for the drop in is share price following what Mr O'Toole described as the "awfully traumatic" Department for Transport decision last month to reverse the awarding of the Glasgow to London franchise to FirstGroup after finding flaws in the bid process.
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