FirstGroup (FGP)

Sector:

Commercial Transport

Index:

FTSE 250

170.70p
   
  • Change Today:
      0.70p
  • 52 Week High: 187.70p
  • 52 Week Low: 115.50p
  • Currency: UK Pounds
  • Shares Issued: 629.79m
  • Volume: 1,894,996
  • Market Cap: £1,075.05m
  • RiskGrade: 282

FirstGroup's Avanti gets West Coast contract extension despite poor services

By Frank Prenesti

Date: Monday 20 Mar 2023

LONDON (ShareCast) - (Sharecast News) - FirstGroup's troubled Avanti West Coast rail contract has been controversially extended to October despite calls for it to be stripped of the franchise for unreliable services and cancellations.


Opposition lawmakers said the company was being "rewarded for failure" after the contract was extended on essentially the same terms until October 15.

The troubled rail operator, runs services between London, Birmingham, Manchester, Edinburgh and Glasgow, prompted outrage last August when it slashed train numbers and imposed an emergency timetable after drivers stopped doing overtime and passengers suffered widespread disruption.

Services on the key London to Manchester route were cut to one an hour from one every 20 minutes. Avanti West Coast has come under severe criticism already this year, with about a quarter of its trains cancelled in the first two months of 2023.

Louise Haigh, shadow transport secretary for the main opposition Labour Party said: "Avanti has literally broken records over the last six months for delays and cancellations, and the Conservatives' answer is to reward failure with millions more in taxpayer cash."

"If this is what success looks like to ministers, it shows that under the Conservatives our broken railways are here to stay."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FirstGroup Market Data

Currency UK Pounds
Share Price 170.70p
Change Today 0.70p
% Change 0.41 %
52 Week High 187.70p
52 Week Low 115.50p
Volume 1,894,996
Shares Issued 629.79m
Market Cap £1,075.05m
RiskGrade 282

FirstGroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
68.20% above the market average68.20% above the market average68.20% above the market average68.20% above the market average68.20% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income Not Available
Growth
33.48% above the market average33.48% above the market average33.48% above the market average33.48% above the market average33.48% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FirstGroup Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 13-Jul-23
Paid 03-Jan-24 18-Aug-23
Amount 1.50p 2.90p

Trades for 31-May-2024

Time Volume / Share Price
16:41 122,916 @ 170.70p
16:35 1,086,908 @ 170.70p
16:29 646 @ 169.90p
16:29 600 @ 169.90p
16:29 257 @ 169.90p

FirstGroup Key Personnel

CFO Ryan Mangold
CEO Graham Sutherland

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