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14 июня, 20:22

Годовая доналоговая прибыль FirstGroup увеличилась на 7,3% г/г

Британский оператор общественного транспорта FirstGroup представил финансовые результаты за год, завершившийся 31 марта. Так, прибыль до уплаты налогов возросла на 7,3% г/г и составила 113,5 млн фунтов стерлингов ($165,1 млн) по сравнению с 105,8 млн фунтов годом ранее. Выручка, тем временем, оказалась на уровне 5,22 млрд фунтов по сравнению с 6,05 млрд фунтов годом ранее.

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14 июня, 18:27

FirstGroup profit gets back on the rails

Transport group prepares to compete again on routes to Scotland

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14 июня, 15:16

Годовая доналоговая прибыль FirstGroup увеличилась на 7,3% г/г

Британский оператор общественного транспорта FirstGroup представил финансовые результаты за год, завершившийся 31 марта. Так, прибыль до уплаты налогов возросла на 7,3% г/г и составила 113,5 млн фунтов стерлингов ($165,1 млн) по сравнению с 105,8 млн фунтов годом ранее. Выручка, тем временем, оказалась на уровне 5,22 млрд фунтов по сравнению с 6,05 млрд фунтов годом ранее.

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12 мая, 15:15

FirstGroup pledges £25 East Coast fares

Office of Rail and Road sanctions competition on London to Edinburgh route in 10-year deal

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03 апреля, 12:00

The train company that has ideas above its station | David Mitchell

‘Great Western Railway’ has been ordered by the ASA to take down its misleading posters. Now we should strip it of its misleading nameHow can a landlord expect to receive rent if the sanction for refusing to pay it isn’t eviction?A small good thing happened last week, but in a context of such stupidity and unfairness that it only brought home to me more strongly all that stupidity and unfairness, so I’d almost rather it hadn’t happened at all. The good thing was that the train operator “Great Western Railway”, which is owned by FirstGroup plc, was banned by the Advertising Standards Authority from putting up any more posters implying it’s publicly owned. Specifically, posters that read: “The railway belongs to the region it serves”. Continue reading...

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30 марта, 02:01

Train operator's adverts banned for suggesting service owned by public

GWR ‘railway belongs to the region it serves’ campaign misleading, finds Advertising Standards AuthorityThe train operator Great Western Railway has been banned from running adverts that suggest its service is publicly owned.A poster campaign introducing the company formerly known as First Great Western when it rebranded last September stated: “The railway belongs to the region it serves.” Continue reading...

07 февраля, 12:00

As growth falters, Osborne hopes Mark Carney can keep a lid on interest rates

The chancellor faces lower GDP and lower tax receipts as a result. So it’s vital that consumers’ desire to keep spending isn’t hit by a nasty shock from the BankGeorge Osborne might be running out of friends when next month’s budget arrives. Like every chancellor before him, he likes to distribute goodies to lift the spirits of his backbench colleagues. More than that, he will want to offset the worst effects of the Treasury’s austerity measures.This he did in spectacular fashion at last November’s autumn statement when higher GDP growth forecasts for the next five years allowed him to scrap planned cuts in tax credits. Continue reading...

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28 января, 15:44

FirstGroup warns on profits after floods

Bad weather hit operations in northern UK while driver problems at US business pushed up costs

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09 декабря 2015, 19:49

FirstGroup awarded Transpennine contract

Seven-year deal helps transport operator put a difficult year behind it

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09 декабря 2015, 12:00

Northern powerhouse in £1.2bn rail boost

Arriva wins regional rail franchise, while FirstGroup retains Transpennine Express services

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09 декабря 2015, 11:09

Arriva and FirstGroup win Northern and TransPennine rail franchises

Transport secretary says the award will help the north realise its full economic potential and make a real difference to customersFleets of better, faster trains, thousands of extra seats and improved rail services across the north of England have been promised as the winners of two major rail franchises were announced.Smart ticketing will be introduced and free Wi-Fi will be rolled out by the end of the decade. German firm Arriva takes over the Northern franchise from April 2016 until 2025 – beating Dutch-owned rival Abellio – with a pledge to phase out the widely condemned Pacer trains that serve regional routes by 2018. FirstGroup will retain the TransPennine Express until 2023, although without its current partner, Keolis, from next April. Continue reading...

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12 ноября 2015, 11:07

FirstGroup hit by losing rail franchises

Transport group’s US bus business suffers as low oil prices make driving more affordable

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14 июля 2015, 17:17

FirstGroup: running to stand still

Improvements in US bus operations offset by loss of UK rail franchises

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14 июля 2015, 10:18

FirstGroup expects earnings hit on rail

US bus business affected by lower oil prices, which encouraged driving

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08 июля 2015, 07:00

Rail strike leads to warning over significant disruption to busy routes

RMT members at First Great Western walk out over jobs and maintenance of new Hitachi trains, hitting services between London and Wales for first Ashes TestTrain services on some of the country’s busiest routes will be significantly hit from Wednesday night because of a strike by rail workers.Thousands of members of the Rail, Maritime and Transport (RMT) union at First Great Western (FGW) will walk out for 48 hours from 6.30pm. Continue reading...

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10 июня 2015, 21:53

FirstGroup investors cheer on buses

Margins at UK bus division and US school bus business offset miserable UK rail division performance

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10 июня 2015, 21:53

FirstGroup investors cheer on buses

Margins at UK bus division and US school bus business offset miserable UK rail division performance

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10 июня 2015, 13:35

FirstGroup profits rise on bus turnround

Loss of several lucrative rail contracts weigh on revenues

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28 мая 2015, 17:53

Virgin Trains faces competition on east coast mainline

Rail regulator to rule on bids for additional services on London to Edinburgh line months after awarding franchise to Richard Branson’s company It is 2019, and the view along the east coast mainline is bittersweet for Sir Richard Branson. His Virgin-branded company still owns the rail franchise, won at the third time of trying in two decades. A brand-new fleet of red trains chugs out dividends for the residents of Necker Island, years after Branson wrested the north’s state-run service from his enemies at the Department for Transport back in 2015. And there – streaking through the sunset, leaving other trains behind – is one of those tilting Pendolinos, the trains he championed in the face of industry scepticism. The flagship service, fitted out like an aeroplane, is racing to Edinburgh in record time. But there is something terribly wrong, the ageing knight realises: another company is operating the train. Related: Stagecoach and Virgin joint-venture wins east coast mainline franchise Related: First Virgin Trains East Coast service leaves London Continue reading...

01 апреля 2015, 11:38

FTSE rebounds as banks lead the way

Lloyds lifted by recommendation as markets start new quarter on positive noteFollowing Tuesday’s sell-off leading shares have regained some poise, with banking shares among the main gainers.Lloyds Banking Group has added 1.16p to 79.44 after Jefferies analysts moved from to hold from underperform and raised their target price from 69p to 88p. They said:A progressively rising dividend (4.2p in 2017 from 0.75p in 2014) should provide support for Lloyd’s premium price/total book value valuation, despite a persistently material gap between so-called “underlying” and statutory earnings and lack of earnings upgrades. Reward/risk is no longer asymmetric to the downside and we move to hold as a result.Our meetings with UK banks were characterised by a strong focus on costs, reflecting the tough revenue environment with limited prospects for strong loan growth or margin progression. Simplification and digitization is top of the agenda for the three domestic banks with opportunities seen to reduce costs and conduct risk, as well as improve the customer experience. Capital remains a further key area of focus, with domestic SIFI [systemically important financial institution} buffers, stress testing and mortgage risk weights remaining areas of debate. We increase our UK bank price targets by 5-10% to reflect increased bank levy, combined with reduced cost of equity assumptions.Market expectations for Advair now fully reflect the impact of Glaxo’s new US pricing strategy. Dividend worries have been quelled with management guiding for a flat dividend of 80p in 2014/15 with growth thereafter. Post Glaxo’s 3-part transaction with Novartis we forecast a 2015-2020 earnings before interest and tax compound annual growth rate of around 7% with around 55% of incremental growth derived from cost savings. We believe that Sports Direct has the potential to replicate its UK success in many (though not all) European markets. Even after discounting our valuation by 20% to reflect corporate governance issues, we think the shares are attractive and initiate with an overweight rating.Firstgroup has reported an in-line pre-close trading update with a solid performance in UK bus and rail and stronger revenue growth at First Student than we expected. The cash outflow is expected to be up to £100m for the year, broadly in line with our forecasts, impacted by a £70m outflow from the end of the First Capital Connect franchise, with a £60m outflow in 2016 due entirely to the end of the ScotRail franchise. Our sum of the parts-based target price remains 130p and we reiterate our buy recommendation. Continue reading...