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.
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.