IN BRIEF: FirstGroup chair steps down, year starts as expected
26th Jul 2024 13:41
FirstGroup PLC - Aberdeen-based transport company - Says, ahead of its annual general meeting on Friday afternoon, that its overall trading performance in the financial year to date "has been in line with the expectations we outlined at our full year results on [June 11]". At the time it reported an annual pretax loss and decreased revenue for the year ended March 30, and predicted "progressive growth" for FirstBus with "steady progression" towards a 10% adjusted operating profit margin. Notes achievements in financial 2025 so far including contract to operate the IFS Cloud London Cable Car on behalf of Transport for London, and agreeing terms to sell the remaining liabilities of the legacy Greyhound US pension plan. Read More