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The Latest Breaking News from FirstGroup

Reversal of Avanti West Coast timetable cuts an 'absolute priority', says minister - but she hasn't said WHEN more trains will run between Manchester and London

Transport minister Trudy Harrison faced shouts of 'when?' from Labour MPs

Manchester Evening News

Trains axed in TransPennine Express timetable changes as Avanti anger continues

The operator referenced Covid, 'higher-than-normal sickness levels and ongoing industrial relations issues'

Manchester Evening News

Tram workers to stage three-day strike in dispute over pay

Aslef says drivers have been offered a 3% rise while inflation is above 12%.

The Independent UK

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Avanti paid shareholders £11.5m despite ‘abysmal’ service for rail users

Train operator under fire for dividend payment amid severe cuts on its west coast main line

The Guardian - UK

Boss of train firm given £1m bonus in week of strikes

The chief executive will be able to cash in on his shares within five years

Wales Online

Anger as train firm boss awarded £1m share bonus amid strikes and railway chaos

Andy Burnham said: "If these bosses had any decency they would read the room and hand these bonuses back."

Manchester Evening News

Train firm chief is awarded £1million share bonus in week of railway chaos

FirstGroup owns chaos-stricken Avanti West Coast whose passengers scaled a spiked fence on Tuesday - and it awarded boss Graham Sutherland nearly a million shares on Thursday. They take five years to cash in, subject to performance

Daily Mirror

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US suitor pulls out of FirstGroup acquisition bid

Transport firm's board concludes final bid 'significantly undervalues' its current and future prospects

Insider UK

Croydon tram drivers’ strike: When is it and why are they striking?

Everything you need to know about the tram drivers’ strike.

Evening Standard

Royal Mail staff vote on ‘biggest strike’ of summer as tram walkout begins

Union claims postal workers are facing a massive pay cut because of soaring inflation

The Guardian - UK

South London tram drivers’ strike to follow national rail walkout

Aslef members on London Trams network reject 3% offer from operator FirstGroup

The Guardian - UK

Long-term shareholders must pray Ocado’s latest fundraiser is the last

The £575m is ‘to capitalise on opportunity over the medium term’. Is that the same ‘medium term’ as two years ago?

The Guardian - UK

UK airline industry should pull out of evasive manoeuvres

Firms face raft of challenges after lockdowns and Brexit, but plain-dealing with public should be easy

The Guardian - UK

Transport for London and FirstGroup to admit safety failings over tram crash

Driver Alfred Dorris, who is accused of an alleged failure as an employee to take reasonable care of passengers, indicated a not guilty plea.

The Independent UK

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The National (Scotland)

FirstGroup reject American takeover bid for being too low

TRANSPORT firm FirstGroup has rejected a £1.2 billion takeover proposal from an American serial suitor for being too low.

The Guardian - UK

FirstGroup rejects £1.2bn takeover bid from US equity firm

Operator of GWR and South Western Railways says proposal fails to reassure investors

Insider UK

FirstGroup rebuffs £1.2 billion takeover approach

Board believes the 118p-a-share upfront cash part of I Squared Capital Advisors' bid 'significantly undervalues future prospects'

Birmingham Post

New managing director for Hull Trains after second departure in a year

FirstGroup to unite its East Coast Main Line non-franchise businesses as David Gibson takes senior leadership role away from rail

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The Guardian - UK

Threat to bin Twitter deal over bots makes Elon Musk look like a time-waster

If Musk was truly worried about how Twitter measures the bots on its site he could have asked before he signed the deal

The Guardian - UK

UK train operator FirstGroup considering £1.2bn takeover

Aberdeen-based firm considering approach by US private equity firm I Squared Capital Advisors

Insider UK

FirstGroup receives 'unsolicited' £1.2bn take over bid

The board has unanimously rejected all previous acquisition approaches

Insider UK

First Group appoints Graham Sutherland as its new chief executive

Sutherland was appointed to the position of chief executive on 16 May and has held numerous leadership roles in the telecommunications sector

Birmingham Post

Covid's impact on Hull Trains laid bare as £30m in revenues derailled leading to a £10m loss

FirstGroup company has had to face up to a 92.4 per cent loss in income and doesn't anticpate a return to the black this year

The Independent UK

Prosecutions launched over Croydon tram crash

The Office of Rail and Road said it is prosecuting Transport for London, FirstGroup-owned Tram Operations Limited and driver Alfred Dorris.

Insider UK

FirstGroup de-risks $147 million of Greyhound liabilities

Scottish transport group also sells more of the US coach company's properties, making around $32m

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