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IN BRIEF: FirstGroup trading as expected as awaits takeover offer

27th Jul 2022 11:02

FirstGroup PLC - Aberdeen, Scotland-based public transport provider - Says trading in financial year to date so far has been in line with full-year expectations. "While some uncertainty remains around the pace of recovery in light of the pandemic and the broader macroeconomic backdrop, we expect the group to make significant further progress in the current financial year," FirstGroup explains.

Last week, FirstGroup granted an extension to the 'put up or shut up' deadline for I Squared Capital Advisors to make a formal takeover offer. The new deadline is August 18.

Current stock price: 129.16 pence

12-month change: up 53%

By Tom Budszus; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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