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Pin to quick picksFirstgroup Share News (FGP)

Share Price Information for Firstgroup (FGP)

London Stock Exchange
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Share Price: 171.70
Bid: 171.70
Ask: 171.90
Change: 0.50 (0.29%)
Spread: 0.20 (0.116%)
Open: 171.70
High: 173.70
Low: 171.40
Prev. Close: 171.20
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Sunday newspaper round-up: Brexit, Morrisons, Extinction Rebellion

Sun, 06th Sep 2020 12:28

(Sharecast News) - The Brexit negotiations will be over in days unless the EU realises Britain is serious about no-deal, government sources have warned. The eighth round of talks with Brussels begin on Tuesday, with progress crucial if the two sides are to finally reach an agreement. It comes as the Telegraph reported on Saturday that the EU's chief negotiator Michel Barnier is to be sidelined in a bid to break the deadlock. But as the deadline on the discussions fast approaches, No 10 insiders say there will be no deal unless the bloc shows "more realism" on the "scale of the change that results from our departure". - Sunday Telegraph



Supermarket giant Morrisons is poised to slash the price of hundreds of products as the industry braces for a major price war this autumn. The chain will tomorrow cut prices by an average of 23 per cent on 400 products, including fruit and vegetables, meat, poultry, bread, breakfast cereal, rice, toilet rolls and cleaning products. The launch counters a separate move this weekend by rival Asda which has set aside £100million for a price campaign that will also see its Asda Price 'pocket tap' revived. - Mail on Sunday

Ministers and MPs from all parts of the political spectrum have condemned Extinction Rebellion for blocking the delivery of newspapers across the UK on Saturday. Four national newspapers, including the Sun and the Daily Mail, were missing from some newsagents' shelves on Saturday morning after more than 100 environmental protesters targeted printing presses owned by Rupert Murdoch's News Corp on Friday evening. - Guardian

A row has erupted between Heathrow airport and British Airways over the plans to hand airlines a £500m bill relating to the airport's controversial third runway. A regulatory consultation recommends allowing Heathrow to charge carriers for expansion costs incurred until February this year. Judges blocked Heathrow's controversial £14bn expansion seven months ago over climate change concerns - but not before the airport spent hundreds of millions of pounds in preparation. - Sunday Telegraph

Britain will not 'blink' in crunch Brexit talks this week, Boris Johnson's chief negotiator has declared, in a marked ratcheting up of pressure on Brussels. In an exclusive interview with The Mail on Sunday, Lord Frost warned his EU counterpart Michel Barnier the UK would not become a 'client state' of Brussels by accepting restrictions on fishing rights and vetos of our laws. - Mail on Sunday

Some of the world's biggest buyout funds are circling FirstGroup's American business as the top investor in the embattled bus and rail operator launches a fresh boardroom coup. The Sunday Telegraph has learnt Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a slew of potential suitors for FirstStudent and FirstTransit. Sources said FirstGroup's financial advisers had restarted a sales process in recent weeks and attracted significant private equity interest. - Sunday Telegraph

Tourism hotspots across the UK are extending the domestic season through autumn to recover business lost during the coronavirus lockdown. Blackpool's illuminations will light up the seafront two months longer than usual, until January, while holiday park operator Haven will keep 16 of its holiday parks open for an additional four weeks until the end of November. Pembrokeshire and Cornwall are among the UK destinations following suit. - Guardian

Remote working could deal a blow of £15.3bn a year to the economy due to the impact on cleaners, coffee shops and security guards, according to accountancy firm PwC. The dent to GDP - about 1% - would be caused by lower spending from workers who are at home, and the knock-on impact of lower spending power for those who rely on them for work. - Sunday Times

Consumers are being asked to rifle through their bins in order to weigh and record their daily food waste, in an ambitious trial that aims to reduce the 6.6m-tonne mountain of food thrown away by UK households every year. The UK's largest supermarket, Tesco, has linked up with the environmental charity Hubbub to run the six-week experiment in which families will receive advice on meal planning and food storage along with recipe tips for using up leftovers. - Guardian



More News
6 Jun 2022 14:27

RBC hikes First Group target price, says I Squared offer undervalues company

(Sharecast News) - Analysts at RBC hiked their target price for shares of First Group on the back of improved estimates for the company's UK bus and rail franchise.

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6 Jun 2022 09:44

LONDON BROKER RATINGS: Barclays raises John Wood and cuts Hunting

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

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6 Jun 2022 09:19

I Squared bid for FirstGroup not enough for some large shareholders

(Sharecast News) - The possible takeover of FirstGroup by an American private equity firm was called into question on Monday morning, with some of its biggest shareholders saying the offer was "falling short".

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27 May 2022 16:58

UK equities record best week since mid-March

May 27 (Reuters) - The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government's windfall tax plan this week.

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26 May 2022 12:14

LONDON MARKET MIDDAY: China warning, rising pound caps FTSE 100 gains

(Alliance News) - A cautious start for the FTSE 100 continued into midday on Thursday, as London's flagship index struggled to make headway amid a stronger pound and an honest assessment by Beijing of the weakened state of China's economy.

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26 May 2022 10:01

LONDON BROKER RATINGS: Tesco downgraded; Berenberg likes FirstGroup

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

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26 May 2022 09:40

IN BRIEF: FirstGroup considers takeover offer from I Squared Capital

FirstGroup PLC - Aberdeen, Scotland-based transport provider - Receives "series of unsolicited, conditional proposals" to be acquired by I Squared Capital Advisors (UK) LLP. Says considering latest approach, received Wednesday evening, for 118 pence per share in cash, plus 45.6p more contingent on the proceeds of FirstGroup's recent disposals of First Transit and Greyhound. The 163.60p total offer is a 38% premium to Wednesday's close. Previous approaches all were unanimously rejected by the board, FirstGroup says.

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26 May 2022 09:04

FirstGroup evaluating takeover proposal from I Squared, shares surge

(Sharecast News) - FirstGroup surged on Thursday as it said it was evaluating a takeover offer from private equity firm I Squared, which owns Irish energy supplier Energia.

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26 May 2022 08:31

LONDON BRIEFING: Johnson Matthey promises to restore shareholder value

(Alliance News) - Johnson Matthey on Thursday said it is determined to "restore value to our shareholders" after recent changes in direction sent shares tumbling.

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23 May 2022 09:52

LONDON BROKER RATINGS: Morgan Stanley cuts WPP to 'underweight'

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

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20 Apr 2022 14:53

IN BRIEF: FirstGroup hires former KCOM chief as new CEO

FirstGroup PLC - Aberdeen, Scotland-based transport provider - Hires Graham Sutherland as chief executive officer, joining on May 16. Sutherland was CEO of telecommunications firm KCOM Group PLC, a London listing until it was bought by a Macquarie investment vehicle back in 2019. Prior to KCOM, Sutherland held senior roles at BT Group PLC, including CEO of the BT Business & Public Sector division. Sutherland's hire follows Matthew Gregory stepping down as CEO at the company's annual general meeting back in September, following investor pressure. In the interim, Non-Executive Chair David Martin had served as executive chair.

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20 Apr 2022 08:07

FirstGroup names Graham Sutherland chief executive

(Sharecast News) - FTSE 250 bus and rail operator FirstGroup has appointed Graham Sutherland as its chief executive.

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25 Feb 2022 14:01

IN BRIEF: FirstGroup on track for full-year expectations

FirstGroup PLC - Aberdeen, Scotland-based transport company - Says current trading in line with management expectations for its year ending March 26. First Bus volumes are over 70% of pre-pandemic levels overall since easing of Omicron-related travel restrictions. First Rail management fee-based operations performance in line with expectations, with open-access operations slightly ahead.

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25 Feb 2022 07:26

FirstGroup trades in line despite temporary disruption from travel restrictions

(Sharecast News) - Public transport provider FirstGroup said on Friday that current trading was in line with internal expectations, despite recent Omicron-related travel restrictions temporarily reducing demand levels.

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17 Feb 2022 09:48

LONDON BROKER RATINGS: Morgan Stanley lifts Pennon, cuts Severn Trent

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

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