FirstGroup fare cuts talk cooled by firm
At a time when motorists are toasting a sharp slump in forecourt petrol prices, the Aberdeen-based firm said its hedging policy meant it was committed to buying fuel at higher prices until next year.
The group grew like-for-like bus passenger numbers by 1.4 per cent in the quarter from 1 October in cities such as Glasgow, Bristol and Sheffield. Rail operations saw like-for-like passenger revenues grow 7.3 per cent in that period.
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Hide AdFirstGroup is in talks with the Department of Transport over extending its Great Western contract until at least March 2019.
However, this progress has been offset by a failure to win new franchises, including a new ScotRail contract, which it operated from 2004 and will now be run by Dutch rival Abellio from April.
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