FirstGroup says its results will be in line with expectations despite losing its TransPennine Express franchise and the impact of ongoing strike action.
The transport giant was stripped of the TransPennine franchise last month – a decision it called a “huge disappointment” - while strikes across the UK rail network are ongoing.
Despite that, it today said it expects “broadly consistent” earnings from its trains business in the year to next March and for its group results to be in line with expectations, though it said the “economic and industrial relations backdrop remains challenging”.
