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FIRSTGROUP is set to axe five bus services in the Capital after the Competition Commission ruled it was not trying to force bus passengers on to its trains.
COSTCUTTING, a rise in first-class bookings and improved revenues have placed FirstGroup on track to deliver a "moderate" rise in earnings for the full year.
SIR Moir Lockhead, chief executive of rail and bus giant First Group, yesterday brought down the curtain on a 50 year career in the industry by announcing his retirement. Lockhead, 65, will be succeeded by Tim O'Toole, the former managing director of London Underground.
TRANSPORT giant FirstGroup is forecasting a return to earnings growth after a mixture of poor economic conditions and ineffective fuel hedging hit profits last year.
CUTBACKS in American school bus services are likely to have hit Aberdeen-based FirstGroup's earnings when it unveils annual results this week.
TWO bus companies have signed a groundbreaking partnership agreement aimed at improving their services and punctuality.
NICOLA Shaw, who runs FirstGroup's bus division, has emerged as the frontrunner to succeed chief executive Sir Moir Lockhead after the surprise departure of leading candidate Ellis Watson to join entertainment mogul Simon Cowell.
AS A high-flying female in the male-dominated transport sector, Mary Grant is used to fighting her corner. But when she was promoted last May from managing director of First ScotRail to oversee FirstGroup's entire trains division, she would have been forgiven for hoping that some battles – in particular the tortured negotiations with trade unions – were behind her.
THE strike hitting ScotRail this weekend amid a barrage of other negative consumer publicity for owner FirstGroup's UK rail arm has been brushed off by the City.
FIRSTGROUP has become the latest company to cash in on the London Olympics after winning a key bus contract, expected to be worth some £20 million, to carry spectators to venues.
SCOTTISH transport giant FirstGroup yesterday said revenue growth at its UK bus business almost ground to a halt before Christmas in the face of tough economic conditions.
FIRSTGROUP hopes that this week will see a return to normal service at one of its London franchises amid fears of a revolt by commuters.
TRANSPORT firm FirstGroup suffered a slump in profits in the first trading half after the US recession dented takings at its Greyhound inter-city coach business.
SIR Moir Lockhead, FirstGroup's chief executive, hopes to roll out the iconic Greyhound coach service throughout the UK within two years.
BUS workers in Aberdeen will today take strike action after pay talks with management collapsed.
FIRSTGROUP, the Aberdeen-based transport giant, has shelved plans to merge with rival National Express because of uncertainty over the future of the east coast rail franchise.
A ONE-day strike by bus drivers got under way today in a protest over pay.
BUS drivers were today preparing for a one-day strike over wages.