First Group Speculation

[First Class]

RE: First Group Speculation
Despite bringing in £1.2million in revenue, this resulted in a £0.6m loss for First Greyhound UK, with some coaches reported to be carrying single figure loads. It is expected to be axed.

The Group Finance Director for First Group has also confirmed there is a £100m disposals project (for outside of London) relating to the First UK Bus division at a recent pre-close update for stakeholders.

£100million worth of UK Bus Operations outside of London must be a considerable number of operations, probably somewhere between 5 and 8.

The conference also highlighted the importance of the West Coast franchise being critical to the future of the company and the increased focus on the rail portfolio.