Page 63 - First Transit News Today

Getty Images. Train and bus operator FirstGroup has completed the sale of two US divisions for £3.3 billion, the company has announced. The Aberdeen-based transport giant has offloaded the First Student and First Transit businesses to EQT Infrastructure more than a year after first announcing plans to quit North America following pressure from activist investors. First Student operates around 43,000 highly-distinctive school buses in the US, while First Transit runs local bus and transp...

Debt will reduce from £1.4bn at the end of March 2021 to around £100mln The US businesses generated revenues of US$4bn and underlying profits of US$576mln pre-Covid FirstGroup PLC (LON:FGP) has agreed on the sale of its First Student and First Transit bus operations in the US to infrastructure investor EQT for US$4.6bn (£3.3bn). Cash proceeds from the sale will be £2.19bn net, which will be split between reducing the group’s debt, paying back COVID-19 loans to the UK governme...

23 April 2021 | 12:05pm StockMarketWire.com - The FTSE 100 was down 0.4% to 6,907.48 by midday as investors continued to weigh Covid risks and even as US futures markets suggested a recovery on Wall Street later. US stocks were materially weaker on Thursday on the Biden administrations latest tax plans. Back in the UK, retail sales jumped by 5.4% in March from February, the Office for National Statistics said. Public transport company FirstGroup rose 11.5% to 96.85p after entering into an agre...

23 April 2021 | 16:38pm StockMarketWire.com - The FTSE 100 enjoyed a decent recovery in the latter part of the day on Friday, buoyed by a strong open in the US. By the close the index was flat and above 6,900, having earlier traded firmly in the red, with the S&P 500 up 0.9% to 4,173.94 by 4.30pm UK time. Retail sales jumped by 5.4% in March from February, the Office for National Statistics said. Public transport company FirstGroup rose 4.9% to 89.3p after entering into an agreement to sel...

Train and bus operator FirstGroup has completed the sale of two US divisions for £3.3 billion, the company has announced. Bosses offloaded the First Student and First Transit businesses to EQT Infrastructure more than a year after first announcing plans to quit North America following pressure from activist investors. First Student operates around 43,000 highly-distinctive school buses in the US, while First Transit runs local bus and transport services. The cash raised from the deal will be u...

FTSE 100 pares losses; JP Morgan apologises for European Super League kerfuffle Londons leading index was down 14 points to 6,923 FTSE 100 down 14 points JP Morgan apologises 3.30pm: JP Morgan apologises for European Super League kerfuffle FTSE 100 pared its losses before close and was down 14 points to 6,923. US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it misjudged the mood of the European footb...

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 ...

The governments borrowing during the Covid-19 crisis has pushed the countrys deficit to over £300billion or 14.5 per cent of GDP, its highest point since the end of World War II.

BBC News Published image copyrightFirstGroup Transport giant FirstGroup has announced the sale of two US bus divisions in a deal worth £3.3bn. The sale of its First Student and First Transit arms to EQT Infrastructure comes more than a year after it first announced plans to quit North America. First Student operates about 43,000 yellow school buses in the US, while First Transit runs local bus and transport services. The sale will now be formally put to a vote by shareholders. Aberdeen-based F...

UK close to Australian trade deal Louise Moon, Simon Foy Government borrowing hit £303.1bn in year ending March Retail sales jumped 5.4pc compared with February FTSE 100 falls flat, stays shy of 7,000 US market edge higher after a rise in factory activity 05:03 PM Sterling has a strong day Sterling has had a strong day today, rebounding from a sharp fall on Thursday after strong retail sales and PMI figures were a positive sign for Britains economic recovery. It rose 0.07pc ag...