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FirstGroup chief yields to major investor backlash against US deal

FirstGroup is the UKs largest bus operator, with a fleet of nearly 9,000 vehicles providing more than 20% of all local services. Photo: Jamie Simpson By Kristy Dorsey Matthew Gregory is surrendering the helm at FirstGroup after the transport giant’s largest shareholder renewed calls for the chief executive’s resignation. In an announcement alongside the release of its financial results for the year to the end of March, FirstGroup said Mr Gregory will not seek re-election at the compan...
United Kingdom City Of Warwick Brady Julia Steyn David Martin Aberdeen Based Firstgroup

FirstGroup sells bulk of US transport business in $4bn deal

First published on Fri 23 Apr 2021 04.22 EDT FirstGroup has sold the bulk of its North American transport business in a deal worth $4bn, as the transport group looks to focus on its UK bus and rail operations. The Aberdeen-based FirstGroup has sold First Student, the biggest school-run operator in the US, with about 43,000 yellow buses, and First Transit, which provides outsourced public transport, to EQT Infrastructure. Shares rose 10% after the deal was announced on Friday, making FirstGroup ...
United States United Kingdom Matthew Gregory Great Western Railway North American Aberdeen Based Firstgroup

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Stagecoach launches bid to halt bus franchising in Manchester

Stagecoach Group Chief Executive Martin Griffiths with the "driverless" bus at the Stagecoach depot in Sharston, Manchester. PRESS ASSOCIATION Photo. Picture date: Monday March 18, 2019. The new vehicle is currently restricted to testing in the By Scott Wright STAGECOACH has launched a bid for a judicial review of plans by Greater Manchester Combined Authority (GMCA) to introduce a bus franchising system in the region. The authority announced on Friday (March 12) that Greater Manchester l...
Western Australia Greater Manchester United Kingdom General United Kingdom Janette Bell Andy Burnham

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