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.
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.
DIRECTOR DEALINGS: Keystone Law CEO sells GBP9.3 million in shares
Tue, 11th May 2021 16:10
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
Keystone Law Group PLC - London-headquartered law firm - Chief Executive James Knight sells 1.5 million shares at a price of 603 pence each, worth GBP9.3 million on Monday. He now holds 9.1 million shares, reflecting a 29% interest. In addition, Operations Director Williams Robins sells 130,000 shares at the same price, totalling GBP783,900.
Ocado Group PLC - Hatfield, Hertfordshire-based online grocer and platform provider - Apple III Trust, of which Non-Executive Director John Rausing is a beneficiary, purchases 660,777 shares at a price of GBP19.58 each, totalling GBP12.9 million.
Want to plant a tree? Consider ‘climate-smart’ ones that can take our future heat | George Weigel
Today 7:00 AM
A changing climate is behind some of the troubles the region has been experiencing lately in conifer health.
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Our climate isn’t like it was a generation ago, and our plants are showing it – especially trees.
Many of Pennsylvania’s recent tree demises – from diseases on spruce and firs to branch diebacks on Japanese maples to “mysterious” deaths of sugar maples – are directly or indirectly related to climate changes.
And it’s not just warmer temperatures, as we saw during last year’s hottest month ever in July, or the string of recent record-setting warm years.