FirstGroup plc

Type: Company
Name: FirstGroup plc
First reported 22 hours ago - Updated 13 hours ago - 3 reports

Greyhound to mimic airlines and charge more during peak travel periods

A Greyhound bus breaks down in the desert on the way to Los Angeles. Eva / FlickrGreyhound , the iconic U.S. bus brand, has turned to pricing models used by the airline industry as it seeks a ticketing system capable of boosting profitability by charging ... [Published Skift - 13 hours ago]
First reported May 20 2013 - Updated 17 hours ago - 5 reports

FirstGroup plc Receives Hold Rating from Shore Capital Stockbrokers (FGP)

FirstGroup plc (LON: FGP)Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a ?sell? rating on shares of FirstGroup plc in a research note to investors on ... [Published American Banking News - 17 hours ago]
First reported May 20 2013 - Updated 20 hours ago - 28 reports

Transport giant FirstGroup in £615m cash call to shore up its finances

The company is still reeling from the Government’s bungled handling of last year’s West Coast Main Line contract.Britain's biggest train and bus operator blamed the Government after launching a massive £615million cash call yesterday.FirstGroup said chaos ... [Published Mirror.co.uk - 20 hours ago]
First reported May 20 2013 - Updated 22 hours ago - 3 reports

FirstGroup Shares Plunge By More Than 30%

Monster Tornado Sweeps Toward Major US CityA massive tornado tore through a densely populated suburb of Oklahoma City on Monday, utterly destroying everything in its path - including at least one school. ... [Published Orange UK - 22 hours ago]
First reported May 20 2013 - Updated May 20 2013 - 3 reports

Rights issue plan derails FirstGroup

Some income funds offloaded shares because of the axing of the final dividend, while other investors sold because of the size of the rights issue ... [Published FT.com - Companies UK - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 3 reports

FirstGroup announces £615m rights issue to raise funds

FirstGroup has announced a rights issue worth £615 million to try and reduce debts of almost £2 billion.Announcing preliminary results for the year, FirstGroup said that although trading was ‘in line with expectations’, the company needed to raise capital ... [Published Rail-News.com - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 4 reports

Business News: Your business week ahead: May 20-24

THE following events will take place in the business world this week:TuesdayFinals: Big Yellow, Bloomsbury Publishing, Burberry, Marks & Spencer, VodafoneInterims: ParagonCouncil of Mortgage Lenders estimate for AprilONS inflation figures for AprilWednesday ... [Published Liverpool Daily Post - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 4 reports

FirstGroup shares plunge on rights issue

Fallout from West Coast mainline fiasco was ‘final straw’ that forced transport group into a deeply discounted rights issue, according to its chief ... [Published Financial Times - Europe homepage - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 6 reports

FirstGroup plans £615mn rights issue

Transport company FirstGroup announced a £615 million rights issue on Monday in an attempt to reduce its debt burden.In a trading statement, the company said its full-year pre-tax profit fell 36.5 percent to £172.4 million. Meanwhile, net debt rose by ... [Published CFO World - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 2 reports

FirstGroup launches rights issue as profit falls (Reuters)

LONDON (Reuters) - Bus and rail operator FirstGroup said it would raise 615 million pounds through a rights issue to pay down debt after its full-year profit fell more than a third.Fir... ... [Published Yahoo! News Australia - May 20 2013]
Entities: FirstGroup plc, London
First reported May 19 2013 - Updated May 19 2013 - 3 reports

FirstGroup plans rights issue

Bus and rail operator FirstGroup plans to announce a 600 million pound ($911.5 million) rights issue in the coming days to help pay off debt, British media reported on Sunday.FirstGroup's chairman Martin Gilbert, who is also chief executive of Aberdeen ... [Published Global Times - May 19 2013]
First reported May 19 2013 - Updated May 19 2013 - 4 reports

Chairman to step down from FirstGroup

Bus and rail operator expected to announce a board shake-up to placate investors and will unveil plans for a £600m rights issue and dividend cut ... [Published FT.com - UK News - May 19 2013]

Quotes

"The key question is whether a reduction in promotions has been offset by higher margins to generate greater value and consequently if this has led to a fall in marketing and advertising spend in the first half."
"I was pleased to be accompanying John Turner of Somerset Tourism to a meeting at China's Embassy in London. Tourism from China is increasingly important and Somerset's visitor attractions and warm welcome make it an important destination for Chinese visitors on which I hope we can build more extensive links."
"The good news for those who remain bullish equities, is that investors do appear to be moving away from defensive stocks and back into cyclical stocks, which suggests the rally is far from over."
"Investors are waiting for more clues in terms of economic data and will be watching comments from Fed Chairman Ben Bernanke tomorrow to determine where markets will go" said Stephane Ekolo, chief European strategist at Market Securities

More Content

All (469) | News (450) | Reports (3) | Blogs (7) | Audio/Video (2) | Fact Sheets (3) | Press Releases (4)
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FirstGroup downgrade threat to rail bidding [Published FT.com - Transport - 20 mins ago]
Business & Finance partners with Aztec Money [Published Business & Finance - 5 hours ago]
Profits plunge for West Coast Mainline bidder F... [Published In-Cumbria - 7 hours ago]
Wednesday preview: Beverage giant Britvic reports [Published Sharewatch Global Market - 7 hours ago]
Visit Somerset At Chinese Embassy [Published Heart Radio - 7 hours ago]
FirstGroup share price plunges 30% on dividend ... [Published Tayside and Fife Courier - 9 hours ago]
City Spy at Chelsea Flower Show: Diamond return... [Published London Evening Standard - 9 hours ago]
FirstGroup plc Price Target Lowered to GBX 170 ... [Published American Banking News - 11 hours ago]
FirstGroup chairman knew time was over [Published FT.com - Transport - 12 hours ago]
Market Movers - Top risers and fallers at 11:00 [Published MoneyAM - 12 hours ago]
Market Movers - Top risers and fallers at 10:00 [Published MoneyAM - 13 hours ago]
Greyhound to mimic airlines and charge more dur... [Published Skift - 13 hours ago]
Shares jump 10% for Helius Energy [Published nebusiness.co.uk - 13 hours ago]
London open: Markets hold on to 12-year highs [Published London South East - 13 hours ago]
Ipswich: Bendy bus set for trial on park and ri... [Published East Anglian Daily Times - 13 hours ago]
Trainload of negative news sends First’s shares... [Published Press and Journal - 14 hours ago]
Market Movers - Top risers and fallers at 09:00 [Published MoneyAM - 14 hours ago]
Herald View [Published Herald Scotland - 14 hours ago]
Ryanair lifts shares to five-year high [Published Irish Independent - 14 hours ago]
The Press Roundup [Published MoneyAM - 16 hours ago]
FirstGroup axes divi due to flood and franchise... [Published This is Devon - 17 hours ago]
FirstGroup plc Receives Hold Rating from Shore ... [Published American Banking News - 17 hours ago]
Tuesday Papers: Apple accused of avoiding billi... [Published Citywire - 18 hours ago]
London shares hit 12-year high [Published Nigeria Punch - 19 hours ago]
Footsie at highest level since dotcom boom [Published Herald Scotland - 19 hours ago]
FirstGroup share price slumps on rights issue [Published Herald Scotland - 19 hours ago]
Transport giant FirstGroup in £615m cash call t... [Published Mirror.co.uk - 20 hours ago]
Franchise fiasco is forcing First to raise £615m [Published City A.M. - 20 hours ago]
Market Report: Success in retail not always a g... [Published The Independent - 20 hours ago]
British Business - May 21 [Published Sharenet - 21 hours ago]
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Blogs

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How should a long-serving chief executive decid... [Published Guardian.co.uk - Business Blog - May 20 2013]
Martin Gilbert – boss of Aberdeen Asset Management for 27 years – may regret joking he'd stay until Ferguson quit Man U Martin Gilbert, one of the longest serving chief executives of any FTSE 100 company, found himself mulling over his longevity as ...
Frontrunning: May 20 [Published Zero Hedge - May 20 2013]
Obama's Counsel Was Told of IRS Audit Findings Weeks Ago ( WSJ ) North Korea fires sixth missile in three days ( Reuters ) Enron No Lesson to Traders as EU Probes Oil-Price Manipulation ( BBG ) Don't cry for me, Eurozone: Thinking the Unthinkable - Quitting ...
Mobile Ticketing Solution Masabi Raises $2.8M T... [Published TechCrunch - Mar 20 2013]
Masabi , which develops and deploys mobile ticketing technology for the transport sector, has raised a further $2.8 million in a new round of funding from Detroit-based  Fontinalis Partners , along with London-based  MMC Ventures  and existing investor  ...
Mobile Ticketing Solution Masabi Raises $2.8M T... [Published TechCrunch Europe - Mar 20 2013]
Masabi , which develops and deploys mobile ticketing technology for the transport sector, has raised a further $2.8 million in a new round of funding from Detroit-based  Fontinalis Partners , along with London-based  MMC Ventures  and existing investor  ...
In the papers: Yorkshire Potash mine to make fa... [Published Proactiveinvestors United Kingdom website - Feb 01 2013]
Newspaper Summary The Times  Bet of the Day: Spread-betters were buying the pound against the dollar after the U.S. Federal Reserve offered no indication that its resolve to continue with its asset purchases had weakened. However, punters were unwilling ...
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Audio/Video

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Reuters Breakingviews: FirstGroup hits debt bri... [Published Reuters Video: Top News - May 20 2013]
Reuters Breakingviews: FirstGroup hits debt bri... [Published Reuters Video: Business - May 20 2013]
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Press Releases

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FirstGroup America Reveals Ways to Reduce Your ... [Published PR Newswire: Environment - Apr 18 2013]
FirstGroup America Supports Distracted Driving ... [Published PR Newswire: Auto & Transportation - Apr 11 2013]
Parsons Completes Acquisition of First Support ... [Published Marketwire - Breaking News Releases - Mar 08 2013]
RMHC/HACER National Scholarship Program Recogni... [Published PR Newswire - Aug 17 2012]
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