FirstGroup on track with forecasts

Shares in Aberdeen based buses and trains operator FirstGroup rose over 4 per cent on Wednesday after it said trading during the first quarter of the new financial year is in line with company expectations.

Shares in Aberdeen based buses and trains operator FirstGroup rose over 4 per cent on Wednesday after it said trading during the first quarter of the new financial year is in line with company expectations.

FirstGroup, which experienced a significant share price drop after its surprise profits warning in March, said it continues to see strong passenger and revenue growth in its UK Rail division whilst developing future opportunities. Like-for-like passenger revenue increased by 8.2%.

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