Shares in FirstGroup jumped on Thursday as the bus and rail operator said it was buying back an extra £50m in shares and lifted its full-year forecast after a strong performance in the first half of the year.
FirstGroup
14 November 2024 09:16:42
Source: Sharecast
The company on Thursday said adjusted revenue rose to £649.6m in the six months to September 28, compared with £634.8m a year earlier.
Adjusted operating profit came in at £100.8m from £98.4m.
“Current trading and the group’s outlook for full-year 2025 is slightly ahead of the outlook set out in the full year results in June 2024,” the company said.
“We expect to make further progress in First Bus, reaching a 10% adjusted operating margin in the second half. Financial performance in First Rail is anticipated to be slightly ahead of our prior expectations.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
