Page 25 - First Rail News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 government, strengthening the pension fund and a payout of £365mln or 30p per share to investors. Following...

Drivers and fleet owners who don't understand all the nuances of how the retail price of diesel is set should think of it as a stacked bar chart. At the base is the price of crude. That will always be the biggest factor because except for renewable supplies of diesel, the fuel comes from crude.... Read More...

FirstGroup’s shares were railroaded by the pandemic. But here’s why I think now could be a buying opportunity.

By Andrew Ffrench @OxMailAndyF Business reporter covering Didcot and Wallingford. Call me on 01865 425425 Mark Hopwood, managing director of First Great Western Great Western Railway managing director Mark Hopwood has been recognised in the New Year Honours list with a CBE. Reacting to the news, he said: “This is an honour that reflects the efforts of thousands of railway colleagues I have worked with throughout my 31-year career. The railway plays a part in the daily lives o...