6 May 2011 09:00
Response to provisional findings of Competition Commission Local Bus Services Market Inquiry
Stagecoach Group plc ("the Group") notes the provisional findings of the Competition Commission's Local Bus Services Market Inquiry.
The Commission is not proposing any fundamental change to the regulatory structure of the industry and at this stage has ruled out both price controls and forced divestments of bus operations.
In addition, the Commission has acknowledged that there are existing agencies, mechanisms and legislation, which can address a number of its recommendations.
A Stagecoach Group spokesman said: "We have consistently attracted more passengers by investing in our buses and networks, providing innovative products and offering good value fares.
"We will study the Commission's full report in detail and engage with them on measures that we believe will deliver further improvements to bus passengers, while retaining the many positive existing initiatives that benefit our customers."
ENDS
For further information, please contact:
Stagecoach Group plc
www.stagecoachgroup.com
Steven Stewart, Director of Corporate Communications 01738 442111 or 07764 774680
Notes
Stagecoach Group
Stagecoach Group is a leading international public transport group, with extensive bus and rail operations in the UK and North America. The Group is a major UK bus and coach operator. Around 2.5 million passengers travel on Stagecoach's 8,100 buses every day on a network stretching from south-west England to the Highlands and Islands of Scotland. The company's business includes major city bus operations in London, Liverpool, Newcastle, Hull, Manchester, Oxford, Sheffield and Cambridge.