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Stagecoach prepares for downturn

Perth-based bus and rail company Stagecoach has confirmed it is drawing up cost-cutting plans as transport businesses, previously seen as insulated from a downturn, begin considering the impact of an unexpectedly long and deep recession on the sector.

Perth-based bus and rail company Stagecoach has confirmed it is drawing up cost-cutting plans as transport businesses, previously seen as insulated from a downturn, begin considering the impact of an unexpectedly long and deep recession on the sector.