Firstgroup has sold its Northumberland Park bus depot in North-East London to Go-Ahead Group plc for a gross consideration of 14m pounds.
The depot operates 130 vehicles on 13 routes which, together with around 400 employees, will transfer to Go-Ahead on March 30th.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Do you still have to file a tax return if you don’t owe any tax?Even if you do not owe the taxman any money, failure to complete and submit your tax return could result in a penalty costing you up to £1,600.
-
Millions of homeowners to see mortgage payments riseMortgage holders with deals expiring soon can expect to pay more, according to Bank of England calculations, though the increase is less than previously forecast
