Firstgroup Share News (FGP)

UK earnings, trading statements calendar - next 7 days

UK's Biffa soars on $1.7 bln buyout proposal

June 7 (Reuters) - British waste-management specialist Biffa said on Tuesday it has received a possible buyout offer from a private equity firm that values it at about 1.36 billion pounds ($1.69 billion), sending shares to an all-time high.

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.

LONDON BROKER RATINGS: Barclays raises John Wood and cuts Hunting

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

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".

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.

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.

LONDON BROKER RATINGS: Tesco downgraded; Berenberg likes FirstGroup

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

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.

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.

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.

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

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

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.

FirstGroup names Graham Sutherland chief executive

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

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.