Latest news with #FirstGroup
The Herald Scotland
12-06-2025
- Business
- The Herald Scotland
Scottish bus company ditches 'employee director' post
It added: 'As the UK bus and rail industries enter a period of significant change and we restructure the group accordingly, the board has reviewed the framework for engaging with colleagues and providing employee feedback to the board. Read more 'Going forward, in place of an employee director, the group will have a designated non-executive director. Following the group's AGM, Myrtle Dawes will be the designated non-executive director to ensure that the voice of the workforce is heard in the boardroom.' Lena Wilson, who chairs FirstGroup, said: 'I would like to express my thanks on behalf of the group and the workforce to Ant for his contribution to the board over the last five years and the insights he has provided. I look forward to working with Myrtle in her new role to ensure the board continues to be well briefed on the views of colleagues when taking decisions.' FirstGroup earlier this week highlighted the success of its Lumo trains between Edinburgh and London as it plans a major expansion of services linking Scottish cities with England. The company reported underlying pre-tax profits of £222.8 million in the 52 weeks to March 29, up from £204.3m in the prior financial year. Profits at First Bus rose by £12.4m to £96m. First Rail's profits increased by £5.5m to £148.8m. Chief executive officer Graham Sutherland said: 'I am pleased to report another positive set of results for our 2025 financial year. We have further strengthened our businesses and continued to deliver against our strategy, including growing and diversifying our earnings in both First Bus and First Rail. "This leaves us well placed to at least maintain our adjusted earnings per share in FY 2026, from a stronger base, as we continue to successfully navigate a period of transition in bus and rail in the UK."
Yahoo
11-06-2025
- Business
- Yahoo
Rail challenger to take on Labour's nationalised trains
Private train operator Lumo is plotting a range of new services across Britain in a direct challenge to Labour's nationalised rail network. FirstGroup, which owns the low-cost rail company, is looking to expand operations after already announcing plans to triple Lumo's passenger count to 10m a year with the addition of five new routes. Graham Sutherland, the chief executive, said FirstGroup is now studying population growth and housebuilding plans to determine where is best to introduce new routes. However, he said the company is particularly keen to restore direct services to London from small towns across the UK, while it is also exploring the possibility of launching trains between poorly connected regional centres. He said: 'Obviously it gets harder the further you get through it, but we feel there are other opportunities still to come out over time. 'Anything we are looking at is commercially sensitive. But the basic criteria is do we think there are under-served areas in terms of rail and do we have an opportunity to drive modal shift and get people out of their cars.' It comes after Labour sent out mixed messages on the continuation of private rail services following the launch of its state-backed railway company, Great British Railways (GBR). Privatised 'open-access' operators, which are not paid by the Government to run services and make their money only from passenger fares, are due to remain in private hands, according to the blueprint for GBR. However, Heidi Alexander, the Transport Secretary, wrote to the industry regulator in January advising it to adopt a more rigorous stance on approving open-access applications. GBR is set to be fully operational by next year. Meanwhile, The Telegraph revealed last month that LNER, which is already government-run, is predicted to lose out on £1bn in ticket sales to private operators offering cheaper fares. Mr Sutherland said open access is no threat to the nationalised railway, claiming instead that competition helps to improve standards and attract new customers. Mr Sutherland added that further routes targeted by Lumo were likely to conform to its existing long-distance model. FirstGroup currently operates open-access services along the east coast main line from Kings Cross to Edinburgh and Hull via Lumo and sister brand Hull Trains, which it plans to extend to Glasgow and Sheffield respectively. A further two new routes are guaranteed, one from London Euston to Stirling, in Scotland, and the other from London Paddington to Carmarthen, in south Wales, after FirstGroup bought access rights from Arriva's Grand Union. FirstGroup has also lodged applications with the Office of Rail and Road to run trains from Euston to Rochdale via Manchester and from Paddington to Hereford and Paignton, Devon. Should the company succeed in expanding to all seven routes, its open-access revenue should jump from £106m to around £300m, Mr Sutherland said. FirstGroup's South Western Railway became the first to be seized by Labour last month and will be followed by its remaining Avanti West Coast and Great Western franchises. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
11-06-2025
- Business
- Yahoo
Rail challenger to take on Labour's nationalised trains
Private train operator Lumo is plotting a range of new services across Britain in a direct challenge to Labour's nationalised rail network. FirstGroup, which owns the low-cost rail company, is looking to expand operations after already announcing plans to triple Lumo's passenger count to 10m a year with the addition of five new routes. Graham Sutherland, the chief executive, said FirstGroup is now studying population growth and housebuilding plans to determine where is best to introduce new routes. However, he said the company is particularly keen to restore direct services to London from small towns across the UK, while it is also exploring the possibility of launching trains between poorly connected regional centres. He said: 'Obviously it gets harder the further you get through it, but we feel there are other opportunities still to come out over time. 'Anything we are looking at is commercially sensitive. But the basic criteria is do we think there are under-served areas in terms of rail and do we have an opportunity to drive modal shift and get people out of their cars.' It comes after Labour sent out mixed messages on the continuation of private rail services following the launch of its state-backed railway company, Great British Railways (GBR). Privatised 'open-access' operators, which are not paid by the Government to run services and make their money only from passenger fares, are due to remain in private hands, according to the blueprint for GBR. However, Heidi Alexander, the Transport Secretary, wrote to the industry regulator in January advising it to adopt a more rigorous stance on approving open-access applications. GBR is set to be fully operational by next year. Meanwhile, The Telegraph revealed last month that LNER, which is already government-run, is predicted to lose out on £1bn in ticket sales to private operators offering cheaper fares. Mr Sutherland said open access is no threat to the nationalised railway, claiming instead that competition helps to improve standards and attract new customers. Mr Sutherland added that further routes targeted by Lumo were likely to conform to its existing long-distance model. FirstGroup currently operates open-access services along the east coast main line from Kings Cross to Edinburgh and Hull via Lumo and sister brand Hull Trains, which it plans to extend to Glasgow and Sheffield respectively. A further two new routes are guaranteed, one from London Euston to Stirling, in Scotland, and the other from London Paddington to Carmarthen, in south Wales, after FirstGroup bought access rights from Arriva's Grand Union. FirstGroup has also lodged applications with the Office of Rail and Road to run trains from Euston to Rochdale via Manchester and from Paddington to Hereford and Paignton, Devon. Should the company succeed in expanding to all seven routes, its open-access revenue should jump from £106m to around £300m, Mr Sutherland said. FirstGroup's South Western Railway became the first to be seized by Labour last month and will be followed by its remaining Avanti West Coast and Great Western franchises. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Telegraph
11-06-2025
- Business
- Telegraph
Rail challenger to take on Labour's nationalised trains
Private train operator Lumo is plotting a range of new services across Britain in a direct challenge to Labour's nationalised rail network. FirstGroup, which owns the low-cost rail company, is looking to expand operations after already announcing plans to triple Lumo's passenger count to 10m a year with the addition of five new routes. Graham Sutherland, the chief executive, said FirstGroup is now studying population growth and housebuilding plans to determine where is best to introduce new routes. However, he said the company is particularly keen to restore direct services to London from small towns across the UK, while it is also exploring the possibility of launching trains between poorly connected regional centres. He said: 'Obviously it gets harder the further you get through it, but we feel there are other opportunities still to come out over time. 'Anything we are looking at is commercially sensitive. But the basic criteria is do we think there are under-served areas in terms of rail and do we have an opportunity to drive modal shift and get people out of their cars.'
Yahoo
11-06-2025
- Business
- Yahoo
Are Strong Financial Prospects The Force That Is Driving The Momentum In FirstGroup plc's LON:FGP) Stock?
FirstGroup (LON:FGP) has had a great run on the share market with its stock up by a significant 24% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to FirstGroup's ROE today. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for FirstGroup is: 14% = UK£100m ÷ UK£701m (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.14. Check out our latest analysis for FirstGroup Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, FirstGroup seems to have a decent ROE. On comparing with the average industry ROE of 12% the company's ROE looks pretty remarkable. Probably as a result of this, FirstGroup was able to see an impressive net income growth of 86% over the last five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place. Next, on comparing with the industry net income growth, we found that FirstGroup's growth is quite high when compared to the industry average growth of 31% in the same period, which is great to see. Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about FirstGroup's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. FirstGroup's three-year median payout ratio is a pretty moderate 36%, meaning the company retains 64% of its income. By the looks of it, the dividend is well covered and FirstGroup is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above. Besides, FirstGroup has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 33% of its profits over the next three years. Accordingly, forecasts suggest that FirstGroup's future ROE will be 14% which is again, similar to the current ROE. Overall, we are quite pleased with FirstGroup's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
