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Stagecoach in top gear as all divisions grow

PERTH-based rail and bus group Stagecoach is continuing to negotiate a smooth route through the obstacles facing the transport sector with all of its divisions posting revenue gains.

Stagecoach's Aberdeen-based rival FirstGroup dismayed the market in recent weeks when it revealed growth in its bus business in Scotland and northern England had stalled.

But Stagecoach said: "Overall current trading remains good.

"We believe the prospects for the group remain positive and each of the group's wholly owned divisions remain well placed to at least maintain their level of operating profit in the year to April 30, 2013."

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