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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  FirstGroup    FGP   GB0003452173

FIRSTGROUP

(FGP)
  Report  
Real-time Quote. Real-time CHI-X - 10/14 11:30:00 am
128.35 GBp   -0.12%
10/11FIRSTGROUP PLC : - Director/PDMR Shareholding
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10/01FIRSTGROUP : Blocklisting - Interim Review
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10/01FIRSTGROUP PLC : - Blocklisting - Interim Review
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FirstGroup : UK competition watchdog probes award of West Coast rail franchise

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09/20/2019 | 05:01am EDT

(Reuters) - Britain's competition watchdog said on Friday it was investigating the award of the West Coast Partnership rail franchise to FirstGroup and Italy's TrenItalia.

Last month, units TrenItalia UK and First Rail secured the British rail franchise that links London, Manchester and Glasgow. FirstGroup already operates the Great Western, South Western and TransPennine Express franchises.

The investigation, which follows the European Commission's decision to refer the case to the United Kingdom, will consider whether the award of the rail franchise could lead to competition concerns, the Competition and Markets Authority (CMA) said.

TrenItalia and FirstGroup were not immediately available for comment.

FirstGroup is set to take over the franchise in December and operate trains on the High Speed 2 line planned for some similar routes.

The award of the West Coast Mainline contract to a joint venture, 70% owned by FirstGroup and 30% by TrenItalia, marked the end of Richard Branson's Virgin Group involvement with Britain's railways after more than 20 years.

Virgin's West Coast partner Stagecoach was disqualified from bidding for the new contract after it did not comply with rules over pension funding. It has challenged the bar.

Shares of FirstGroup were up 1.5% at 131.8 pence, as of 0832 GMT.

(Reporting by Justin George Varghese in Bengaluru, Editing by Saumyadeb Chakrabarty and Sherry Jacob-Phillips)

Stocks mentioned in the article
ChangeLast1st jan.
FIRSTGROUP 0.00% 128.5 Delayed Quote.54.08%
STAGECOACH -1.18% 142.5 Delayed Quote.8.83%
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Latest news on FIRSTGROUP
10/11FIRSTGROUP PLC : - Director/PDMR Shareholding
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10/01FIRSTGROUP : Blocklisting - Interim Review
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Financials (GBP)
Sales 2020 7 776 M
EBIT 2020 349 M
Net income 2020 148 M
Debt 2020 828 M
Yield 2020 0,62%
P/E ratio 2020 10,6x
P/E ratio 2021 9,35x
EV / Sales2020 0,31x
EV / Sales2021 0,27x
Capitalization 1 555 M
Chart FIRSTGROUP
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FirstGroup Technical Analysis Chart | MarketScreener
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Technical analysis trends FIRSTGROUP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 128,67  GBp
Last Close Price 1,29  GBp
Spread / Highest target 12 740%
Spread / Average Target 9 913%
Spread / Lowest Target 7 682%
EPS Revisions
Managers
NameTitle
Matthew Gregory Chief Executive Officer, COO & Executive Director
David Robert Martin Non-Executive Chairman
Ryan Mangold Chief Financial Officer & Director
James F. Winestock Independent Non-Executive Director
Warwick Brady Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FIRSTGROUP54.08%1 972
MTR CORPORATION LIMITED6.43%34 423
BTS GROUP HOLDINGS PCL--.--%5 658
COMFORTDELGRO CORPORATION LIMITED12.04%3 822
NATIONAL EXPRESS GROUP PLC17.01%2 829
STAGECOACH8.83%1 006