FirstGroup dumps chief executive as firm reports £326m loss
Aberdeen-based rail and coach group’s share price has fallen by almost a quarter in past year
The chief executive of FirstGroup, which runs buses in numerous UK cities and the Great Western, South Western and TransPennine rail franchises, has been ousted after the company slumped to a £326m loss.
The troubled Aberdeen-based rail and coach operator, which also owns the low-cost US bus group Greyhound and a school bus service, has seen its share price slump by almost a quarter in the last year.
Source: Guardian Transport