FirstGroup plc (FGROY)
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FirstGroup plc (FGROY) Q4 2026 Earnings Call Transcript
FirstGroup plc (FGROY) Q4 2026 Earnings Call Transcript
FirstGroup boosted as it launches new buyback, confirms revenue growth
FirstGroup PLC (LSE:FGP) shares strengthened, rising 7.7%, changing hands at 188p, after announcing it will launch a new £100 million share buyback after higher revenue, improved earnings per share and strong cash generation underpinned another year of shareholder returns. The UK transport group reported adjusted revenue of £1.72 billion for the 52 weeks to 28 March 2026, up 25% from £1.37 billion a year earlier.
FirstGroup can grow despite rail nationalisation, says broker
FirstGroup PLC (LSE:FGP) can continue to grow despite the UK government's rail nationalisation plans, according to analysts at house broker Panmure Liberum, who said the transport group was replacing lower-quality rail contract earnings with more sustainable sources of profit. Reiterating its 'buy' rating and 260p target price, the broker argued that the market was overlooking the strength of FirstGroup's bus and open access rail businesses.
FirstGroup goes sightseeing in London and Bath
Transport operator FirstGroup PLC (LSE:FGP) has expanded from its national railways and local bus businesses into sightseeing buses. The FTSE 250-listed group has acquired operations of France's RATP Développement in a deal valued at around £17 million.
FirstGroup wins £3bn contract to run London Overground
FirstGroup PLC (LSE:FGP) has won a £3 billion contract to run the London Overground rail network franchise, after Transport for London switched operators from Arriva after almost a decade. The contract, to be operated by First Rail London Limited, is set to begin in May 2026 and run for an eight-year term, with an option to extend for up to two additional years.
FirstGroup falls 10% as results beat forecasts but 'period of transition' begins
FirstGroup PLC (LSE:FGP) shares dropped 10% to a six-month low of 180p as the transport group reported solid interim results but flagged a transitional period and free cash outflow. Adjusted revenue rose 30% to £833.6 million in the six months to 27 September 2025, supported by growth in bus operations, contributions from First Bus London, and progress in First Rail services.
FirstGroup acquires Leeds bus operator Tetley's
FirstGroup PLC (LSE:FGP) has acquired Tetley's Motor Services Limited, a Leeds-based coach and bus operator with a fleet of 55 vehicles and a long-established portfolio of school, university, and private hire contracts. The acquisition strengthens First Bus's presence in West Yorkshire.
FirstGroup drops as government urges rail regulator to limit Open Access services
FirstGroup PLC (LSE:FGP) shares fell 2.1% on Monday morning on a report that the Department for Transport has called on the UK rail watchdog to limit approvals of private train services under the Open Access rail system. The DfT has written to the Office of Rail and Road, a Financial Times report has highlighted, to place pressure on the independent regulator to oppose the various live applications for new Open Access rail services, including a number by FirstGroup.
FirstGroup steams higher after unveiling new share buyback
FirstGroup PLC (LSE:FGP) shares steamed 7% higher to 207.28p after the rail and bus group announced a £50 million share buyback alongside its final results. Adjusted revenue of £1.37 billion was reported for the year to 29 March, up 7% on the previous year, driven by gains in both bus and rail.
FirstGroup's West Coast line facing new round of strikes
Train managers on FirstGroup PLC's (LSE:FGP) Avanti West Coast mainline have voted to go on strike on New Year's Eve and every subsequent Sunday from 12 January until 25 May. A strike was planned for the Christmas period but was postponed after a new offer from management, but this has now been rejected by the managers.
FirstGroup's Avanti West Coast facing Christmas strikes
FirstGroup PLC's (LSE:FGP) Avanti West Coast conductors have voted to go on strike for three days either side of Christmas after being asked to work on their days off. The train company, 70% owned by FirstGroup and 30% by Italy's Trenitalia since October, had proposed new working arrangements for conductors, also known as train managers, to work on their days off when there are staff shortages.
FirstGroup up 6% on return to London's red buses
FirstGroup PLC (LSE:FGP) has continued its bus service acquisition spree with the purchase of French-owned RATP in London for £90 million including debt. The deal follows the purchases in October of West Midlands-based Lakeside and Heathrow coach operator Anderson Travel.
