|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1.2200 - 1.2200|
|52 Week Range||1.0400 - 1.6600|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
FirstGroup Plc, the operator of Greyhound buses and British trains, is attracting interest from buyout firms including CVC Capital Partners as it conducts a review of the business, people familiar with the matter said. FirstGroup, which has a market value of 1.2 billion pounds ($1.5 billion), this year rejected proposals from Apollo Global Management LLC, saying in May that they “fundamentally undervalued” the business. FirstGroup shares rose 0.7 percent at 9:46 a.m. on Friday after earlier jumping as much as 7.7 percent, the biggest intraday gain since June.
"The board is examining all appropriate means to mobilise the considerable value inherent in the group, and to deliver shareholder value," Chairman Wolfhart Hause said in a statement ahead of its AGM on Tuesday. The bus and rail operator said overall trading performance in the first quarter of the year was in line with the plans it outlined in May. The company replaced its CEO in May after profit fell 5 percent last year and it was forced to cut its outlook for this year.
Investors are always looking for growth in small-cap stocks like Firstgroup plc (LON:FGP), with a market cap of UK£1.01b. However, an important fact which most ignore is: how financially healthyRead More...
While small-cap stocks, such as Firstgroup plc (LSE:FGP) with its market cap of UK£1.34B, are popular for their explosive growth, investors should also be aware of their balance sheet toRead More...
Stocks finished lower on Thursday after the Trump administration said it would impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union. is just about the undisputed leader in many chipmaking lines but a very profitable business unit is seeing some increased pressure. Intel's server CPU business is facing tougher competition than it has seen in years.
British transport company FirstGroup (FGP.L) replaced its chief executive after what its chairman called a disappointing year, and the company said it could sell its Greyhound bus business in the United States. FirstGroup's CEO had been under pressure after the company rejected two approaches from a private equity firm earlier this year, and since last year, it has been targeted by Canadian activist investor West Face Capital. The bus and rail operator said its CEO Tim O'Toole would be replaced immediately by Wolfhart Hauser, who becomes executive chairman, and Matthew Gregory, who takes on a chief operating officer role in addition to his duties as chief finance officer.
U.S. private equity group Apollo confirmed on Tuesday that it won't make an offer for British train and bus operator FirstGroup Plc, which also owns America’s Greyhound network. Apollo didn’t say why it's backing away, and all we know from FirstGroup is that the price Apollo had in mind was too low to warrant further discussion. The U.S. buyout firm’s interest had drawn screams of “asset-stripper" from the left-wing opposition Labour party and trade unions.
U.S. private equity firm Apollo Global Management (APO.N) has dropped plans to make a takeover bid for British bus and rail operator FirstGroup (FGP.L), after having two approaches turned down. Shares in Aberdeen-based FirstGroup, which has a market value of about 1.34 billion pounds, fell more than 10 percent on Tuesday following the news. Apollo did not say in its statement why it was abandoning plans to bid for FirstGroup, which operates Greyhound intercity coaches and school buses in North America as well as rail services in the United Kingdom.