Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFirstgroup Share News (FGP)

Share Price Information for Firstgroup (FGP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 168.10
Bid: 167.80
Ask: 168.10
Change: 2.70 (1.63%)
Spread: 0.30 (0.179%)
Open: 170.70
High: 170.70
Low: 166.00
Prev. Close: 165.40
FGP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rail firms blast UK plan to cut taxes on domestic flights

Wed, 16th Jun 2021 05:50

(Alliance News) - Plans to cut taxes on UK domestic flights would see thousands of passengers switch from rail to air and undermine the country's carbon reduction commitments, train operators have claimed.

Industry body the Rail Delivery Group urged the government not to reduce air passenger duty, or APD, on flights where a journey can be made by train in under five hours. Units belonging to FirstGroup PLC, Stagecoach Group PLC and Go-Ahead Group PLC are among the members of the Rail Delivery Group.

Halving APD on domestic routes – which adds GBP13 to the cost of an air fare in standard class – would see an estimated 222,000 passengers a year shift from rail to air, the organisation said in its response to a Treasury consultation.

That is equivalent to more than 1,000 extra flights.

Such a transition would increase annual carbon emissions by approximately 27,000 tonnes, the RDG calculated.

It added that if the UK is to meet its commitment of bringing all greenhouse gas emissions to net zero by 2050, it must take steps to make rail travel a better option than air for journeys where trains are a viable choice.

The Treasury is consulting on reducing APD for domestic flying as part of efforts to boost UK connectivity.

Regional airline Flybe, which collapsed in March 2020, blamed APD for contributing to its financial struggles.

RDG director of nations and regions Robert Nisbet said: "Rail companies support the government's goal of enhancing connectivity across the UK to drive economic growth and want clean, green trains to be the mode of choice for as many travellers as possible.

"Choosing to go by train is one simple way people can help cut carbon emissions. It's vital that Government does not discourage people from making green choices about how to get from A to B by using the lever of taxes to make more polluting modes of transport even cheaper."

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
12 Oct 2022 09:52

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 Oct 2022 12:01

FirstGroup's Avanti given short-term contract renewal by UK government

(Alliance News) - Avanti West Coast has been placed on a short-term contract renewal by the UK government after it provided an "unacceptable" service to rail users.

Read more
7 Oct 2022 07:39

FirstGroup agrees extension on Avanti WCP until March 2023

(Sharecast News) - Transport operator FirstGroup has been told its struggling Avanti West Coast operation must "drastically" improve services after being awarded a six-month extension to its contract by the UK government.

Read more
30 Sep 2022 13:54

UK train services to be decimated by biggest rail strike of the year

(Alliance News) - Britain's rail network will be decimated on Saturday due to the biggest strike of the year.

Read more
22 Sep 2022 09:21

LONDON BROKER RATINGS: Berenberg cuts Aveva to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
22 Sep 2022 07:46

LONDON BRIEFING: Lower call; JD Sports suffers interim profit fall

(Alliance News) - Stocks in London are set to open lower on Thursday, ahead of a major interest rate decision by the Bank of England and a day after the US Federal Reserve settled for another three-quarter-point rate hike.

Read more
20 Sep 2022 07:39

FirstGroup to sell all but two of remaining Greyhouse properties for $140m

(Sharecast News) - Transport operator FirstGroup said on Tuesday that it has agreed the sale of all but two of its remaining Greyhouse US properties to Twenty Lake Management, an affiliate of Twenty Lake Holdings, for around $140m.

Read more
19 Sep 2022 10:51

Royal mourners face rail disruption on journey to Windsor Castle

LONDON, Sept 19 (Reuters) - Trains travelling from London to Windsor, where Queen Elizabeth will be buried later on Monday, were severely disrupted by technical problems, straining the public transport system as tens of thousands travel around the capital.

Read more
19 Sep 2022 10:05

IN BRIEF: Journeo wins contract with FirstGroup arm for Dublin Airport

Journeo PLC - Leicestershire, England-based transport information systems - Wins contract to provide information systems for shuttle buses from Dublin Airport terminals to car parks. The agreement includes both software and support services and is worth GBP700,000 to Journeo over its five-year term. First delivery is in the first quarter of 2023, and GBP300,000 worth will be commissioned in the first year. The contract is with Aircoach, an Irish subsidiary of Aberdeen, Scotland-based public transport provider FirstGroup PLC.

Read more
7 Sep 2022 19:27

UK considering withdrawing rail operator Avanti's West Coast contract

(Alliance News) - The UK government is considering withdrawing Avanti's contract to run train services on the West Coast Mainline, as ministers insisted "all options" remain on the table once the agreement ends.

Read more
25 Aug 2022 09:42

LONDON BROKER RATINGS: Berenberg downgrades Biffa, raises Kosmos

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
17 Aug 2022 09:40

LONDON BROKER RATINGS: BT upped to 'buy'; Plus500 price target lifted

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
16 Aug 2022 17:03

LONDON MARKET CLOSE: FTSE 100 climbs into green on back of miners

(Alliance News) - Stocks in London ended Tuesday in the green, with mining heavyweights pushing the blue chips higher after peer BHP assuaged fears over potentially weakened demand.

Read more
16 Aug 2022 16:49

TOP NEWS: FirstGroup shares drop as I Squared pulls out of bid

(Alliance News) - FirstGroup PLC on Tuesday noted that I Squared Capital Advisors UK LLP has confirmed that it will not make an offer for the Aberdeen, Scotland-based public transport provider.

Read more
16 Aug 2022 16:10

First Group falls after I Squared says it will not table a firm offer

(Sharecast News) - First Group shares came under strong selling pressure after its private equity suitor had pulled out from its bid.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.