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Stagecoach Share News (SGC)

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Share News for Stagecoach (SGC)


Share Price: 159.10Bid: 158.80Ask: 159.20Change: 6.20 (+4.05%)Riser - Stagecoach
Spread: 0.40Spread as %: 0.25%Open: 156.60High: 159.70Low: 155.40Yesterday’s Close: 152.90




BUZZ-Stagecoach: bottom of STOXX on FY earnings miss

Wed, 28th Jun 2017 09:08

** Stagecoach (-7.3 pct) bottom of Stoxx 600 as well as UK's FTSE 250 in volume

** Co reports a 15.3 pct drop in FY PBT as economic conditions hurt its domestic bus business

** FY17 PBT at 158.7 mln stg ($203.4 mln); Jefferies flags cons at 166 mln stg, Liberum estimated 167.9 mln stg

** Co remains cautious on short-term outlook for revenue trends and operating profit in its bus and rail markets in the UK

** Final dividend growth of 4.4 pct to 11.9p/share lower than expected, Liberum says

** Substantial exceptional charges of 124 mln stg, mostly related to the East Coast rail franchise, per company

** Co says not "significantly changed" adjusted EPS expectations for current yr

** Co says revenue is not growing as strongly as anticipated in its Virgin Trains East Coast unit, hurt by increased terrorism concerns and political uncertainty

** Stock at its lowest level in 8 yrs

** Peer FirstGroup -1.9% (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)



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UPDATE 1-Britain's FTSE eyes strongest quarter since 2013

* FTSE 100 up 0.3 pct at close* Pound, oil boost index in Q2* Cyclicals rally as trade worries ease (Recasts, updates prices at close)By Kit ReesLONDO
[29 Jun '18 17:05]

Britain's FTSE eyes strongest quarter since 2010

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.8 pct* Pound, oil boost index in Q2* Cyclicals rally as trade
[29 Jun '18 10:13]

UPDATE 1-Britain's FTSE dips as trade worries dull risk appetite again

* FTSE 100 down 0.1 pct* British index outperforms European peers* Banks on the backfoot, defensives rally* Shire rises after Takeda shareholder group
[28 Jun '18 17:17]

Commodities drag Britain's FTSE as trade worries dull risk appetite

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2 pct* Banks on the backfoot, defensives rally* Shire rises
[28 Jun '18 10:17]

UPDATE 2-Stagecoach cuts dividend as UK rail business contracts

* East Coast rail contract results in 85.6 mln pound hit* Year dividend cut to 7.7 pence per share from 11.9 pence* Wants to bid for more UK rail cont
[28 Jun '18 08:15]

Stagecoach cuts dividend, hit by East Coast rail costs

LONDON, June 28 (Reuters) - British transport company Stagecoach cut its dividend after annual profits fell, and the company took an 85.6 million poun
[28 Jun '18 07:23]

UK's Labour loses vote to dock transport minister's pay over rail failure

LONDON, May 23 (Reuters) - Britain's opposition Labour Party lost a vote on Wednesday to force the government to dock the transport minister's salary
[23 May '18 16:20]

UPDATE 1-Ambitious bids were sought for failed British rail line, lawmakers told

(Adds quotes)LONDON, May 21 (Reuters) - Britain's Department for Transport (DfT) encouraged "ambitious" bidding on revenue projections for the failed
[21 May '18 19:26]



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