Sponsored by
Stagecoach sells bus firm after monopoly ruling
TRANSPORT group Stagecoach has sold its Preston Bus operation in the north-west of England in a £3.3 million deal following a ruling by the Competition Commission.
The Perth-based group had bought the Lancashire company in January 2009 but later that year the commission concluded the sale had reduced competition and was not in the best interests of passengers.
It ordered Stagecoach to sell the business "to a company capable of competing with it" and yesterday the firm said the operation, which runs more than 120 vehicles, had been bought by Birmingham-based Rotala.
Stagecoach shares closed up 3p at 206.2p.
Email to a friend
Print this page- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Friday 25 May 2012
Today
Sunny
Temperature: 10 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: North east
