FirstGroup's new boss to bid for more UK rail operations despite loss
Transport group reports increased losses of up to £4.6m under challenging conditions
The new boss of FirstGroup has pledged to bid for more UK rail operations – despite the beleaguered transport group warning that profits in its existing rail business were in jeopardy.
Matthew Gregory’s appointment as chief executive was announced with immediate effect on Tuesday, as FirstGroup reported increased losses, up to £4.6m pretax for the six months to 30 September.
Source: Guardian Transport