BUZZ-FirstGroup: reassuring update stems share price fall

** FirstGroup bounces off all-time low hit Tues &enjoys biggest one-day pct rise since Jan

** Posts in-line Q4 update even in face of adverse weatherin US & impact on Greyhound from cheaper fuel

** Co saw its shares decline 14 pct last yr (vs 2 pct dropfrom rival Stagecoach ) when it missed out on a no. of GBrail contracts

** But recently secured contract (retention) to run trainservices in western England until April 2019

** Strength seen sector-wide, but FirstGroup, up 5.3 pct,outperforms; Go-Ahead up 3.3 pct, National Express & Stagecoach both c.1 pct firmer (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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