FirstGroup
Connections
Quotes
FirstGroup will shortly put its balance sheet issue to bed – for now – and, whilst the final outcome of the rights issue will not be known for another two weeks, investors should at long last begin to focus on the recovery story
Tim is a very decent guy ... I think he is the right person to lead FirstGroup going forward from here. With the weakness in the balance sheet fully repaired, it’ll give him an opportunity to run the business correctly.
As Aberdeen got bigger and entered the FTSE 100 and FirstGroup was such a vast company, I decided a year ago that I should resign – about this time last year – and I spoke to a number of institutions thenMore quotes »
Around the web
-
Anger at FirstGroup bonus offer to boss
chief executive Tim O'Toole was offered a bonus of £592,000 for his performance in a year in which profits slumped 87% and was followed by a £615 million fundraising, the rail and bus group's annual report has revealed. FIRSTGROUP chief executive Tim O'Toole from Herald Scotland Read more »
-
Shorts Target Talktalk Telecom, FirstGroup and Gold Miners
shorted by Paul Singer’s Elliott Management and macro fund TT International. Both funds covered their shorts in past months. FirstGroup plc (LON:FGP) is the infamous bus service that was hit by the cockroach invasion in one of its New York bound Greyhounds. from Value Walk Read more »
-
FirstGroup slides as UBS cuts price target amid £615m rights issue
The net proceeds are expected to be £585m, used for incremental capital expenditure (around £200m over 4 years) and net debt reduction (around £385m). Whilst the net debt reduction was critical to address the credit rating, the long-dated nature of the deb from Guardian Unlimited Read more »
-
Government denies First Great Western franchise talks are in limbo
government has denied claims that franchise extension talks with FirstGroup over the Great Western rail franchise are in trouble after the state-owned Directly Operated Railways (DOR) filed preparatory paperwork to take over the line. The Department for Transport from Guardian Unlimited Read more »
-
FirstGroup in the spotlight
credit rating. Investec analyst John Lawson today argued that now may be “a good entry point” into the stock. “FirstGroup will shortly put its balance sheet issue to bed – for now – and, whilst the final outcome of the rights issue will not be known for another from The Telegraph Read more »
