FirstGroup bolstered by strong UK rail growth

Rail and bus company FirstGroup said overall trading for the first half of the current financial year was in line with company expectations.

Rail and bus company FirstGroup said overall trading for the first half of the current financial year was in line with company expectations.

The group, which transports more than 2.5bn passengers every year, said revenue was up 3.2% to £3.168bn for the six months to 30 September while adjusted operating profit rose to £163m from £170.4m in 2010 despite a reduction in First Student profits.

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