FirstGroup shares accelerate after deal to terminate TransPennine contract
A look at the major movers on the London market on Tuesday
It may be a down day for the markets overall, but FirstGroup PLC (LON:FGHP ) has managed to travel in the right direction.
Its shares are up 2.11% or 1.55p to 75p after the transport group agreed to pay the Department for Transport a final £6mln to cancel its TransPennine Express railway franchise, taking the total it has paid to £48.5mln.
It said this was around £50m better than its last assumption.
The group has already given up the South Western Railway and West Coast Partnership franchises, with the pandemic cutting passenger numbers and leaving financial forecasts in tatters.
FirstGroup shares accelerate after deal to terminate TransPennine contract
A look at the major movers on the London market on Tuesday
It may be a down day for the markets overall, but FirstGroup PLC (LON:FGHP ) has managed to travel in the right direction.
Its shares are up 2.11% or 1.55p to 75p after the transport group agreed to pay the Department for Transport a final £6mln to cancel its TransPennine Express railway franchise, taking the total it has paid to £48.5mln.
It said this was around £50m better than its last assumption.
The group has already given up the South Western Railway and West Coast Partnership franchises, with the pandemic cutting passenger numbers and leaving financial forecasts in tatters.
Air Partner profits soar as PPE shipping drives record year
Air Partner helped ship PPE into the UK during the pandemic. (Photo by Finnbarr Webster/Getty Images)
Aviation group Air Partner today reported a record year of growth, driven by its ferrying of PPE during the pandemic.
Air Partner saw underlying pre-tax profit soar by 176 per cent to £11.6m throughout the year ended 31 January 2021.
Gross profit was also up by more than 31 per cent to £44.9m, while statutory pre-tax profit hit £8.4m.
Air Partner’s US operations also drove growth, contributing 39.6 per cent of total group gross profit, as its private jets performed well despite the Covid crisis.
Air Partner continues ascent after profit growth takes off
Tue, 11th May 2021 11:52
(Alliance News) - Air Partner PLC on Tuesday announced a record year of trading, despite severe disruption in the aviation industry as demand for charter flights and freight services increased.
Shares in Air Partner were up 10% at 85.97 pence in London in late morning trading.
Pretax profit at the Gatwick-based aviation services firm ballooned to GBP8.4 million for the year ended January 31, up from GBP936,000 in 2020. Full-year revenue grew 6.7% year-on-year to GBP71.2 million from GBP66.7 million.
The company will pay a final dividend of 1.6p a share. This results in a total dividend payment for the 2021 financial year of 2.4p per share, up 33% from the 2020 payout of 1.8p per share.
FirstGroup shares accelerate after deal to terminate TransPennine contract
A look at the major movers on the London market on Tuesday
It may be a down day for the markets overall, but FirstGroup PLC (LON:FGHP ) has managed to travel in the right direction.
Its shares are up 2.11% or 1.55p to 75p after the transport group agreed to pay the Department for Transport a final £6mln to cancel its TransPennine Express railway franchise, taking the total it has paid to £48.5mln.
It said this was around £50m better than its last assumption.
The group has already given up the South Western Railway and West Coast Partnership franchises, with the pandemic cutting passenger numbers and leaving financial forecasts in tatters.