27 Jul '12, 10am

Bus and Coach News: Revenue up at First UK Bus: Revenue at First UK Bus in the three months ... #bus #coach #diesel

Revenue at First UK Bus in the three months to 30 June was up 2,2 per cent, with FirstGroup chief executive Tim O'Toole reporting improved revenue in Scotland and the north of England, but a drop in concessionary fares in the south. In an interim management statement O'Toole notes: “We have a clear direction and are executing a detailed plan to recover performance and equip the business to achieve increased revenue and patronage growth and have seen some early positive signs in some of our markets. The majority of our UK Bus operations generate good returns with opportunities to improve further. “However there is, as previously reported, scope to reposition our portfolio through a programme of selected asset and business disposals, to focus on those markets that offer the greatest potential for growth. Our strategy remains to bring those businesses to the market in select ...

Full article: http://www.busandcoach.com/newspage.aspx?id=6985&category...

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