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FirstGroup Updates On TransPennine Express Contract


FirstGroup Updates On TransPennine Express Contract
LONDON (dpa-AFX) - FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L) said that it has reached agreement with the Department for Transport or DfT on the termination fee payable for the TransPennine Express or TPE train operating company.
The Transport Department and FirstGroup have now agreed the financial impact of the termination for TPE which requires a further FirstGroup contribution of 6 million pounds, over and above the 42.5 million pounds already paid into the operating company.
The Department has extended the TPE ERMA term until 19 September 2021, following their conclusion that no event of default would have taken place had the pandemic not occurred, although the Department and the Group are working collaboratively with a view to entering into a National Rail Contract in advance of that date. ....

City Of , United Kingdom , Coast Partnership , Department For Transport Or Df , National Rail Contract , National Rail , Transpennine Express , Transport Department , Use Assets , West Coast Partnership , National Rail Contracts , West Coast , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , கடற்கரை கூட்டு , துறை க்கு போக்குவரத்து அல்லது டப் , தேசிய ரயில் , போக்குவரத்து துறை , பயன்பாடு சொத்துக்கள் , மேற்கு கடற்கரை கூட்டு , தேசிய ரயில் ஒப்பந்தங்கள் , மேற்கு கடற்கரை ,

FirstGroup H1 Loss Narrows, Slips To Adj. Loss; Updates On Train Operating Company Contracts


FirstGroup H1 Loss Narrows, Slips To Adj. Loss; Updates On Train Operating Company Contracts
LONDON (dpa-AFX) - FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L), a provider of transport services in the UK and North America, reported Thursday that its first-half loss before tax was 100.1 million pounds, narrower than loss of 187.1 million pounds a year ago. Loss per share was 8.3 pence, compared to loss of 14.3 pence a year ago.
Adjusted loss before tax was 73.3 million pounds, compared to profit of 19.9 million pounds last year. Adjusted loss per share was 5.3 pence, compared to profit of 1.4 pence a year ago.
Adjusted operating profit plunged to 10.4 million pounds from last year s 88.9 million pounds. The company said adjusted operating profit was ahead of expectations earlier in the year driven by proactive revenue recovery and strong cost control. ....

United States , United Kingdom , City Of , Coast Partnership , Department For Transport Or Df , National Rail , North America , South Western Railway , West Coast Partnership , Avanti West Coast , Emergency Recovery Measures Agreements , National Rail Contracts , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , கடற்கரை கூட்டு , துறை க்கு போக்குவரத்து அல்லது டப் , தேசிய ரயில் , வடக்கு அமெரிக்கா , தெற்கு மேற்கு ரயில்வே , மேற்கு கடற்கரை கூட்டு , அவந்தி மேற்கு கடற்கரை , தேசிய ரயில் ஒப்பந்தங்கள் ,