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Firstgroup PLC (FGP)

ORD 5P
Sell: 188.00p|Buy: 188.30p|Change: 1.30 (0.70%)

This share can be held in a Dealing accountStocks and shares ISALifetime ISAJISASIPPand can be used with Regular investment and Dividend reinvestment

IN BRIEF: FirstGroup buys Irish bus operator Matthews Coach Hire

FirstGroup PLC - Aberdeen, Scotland-based public transport provider - Buys Matthews Coach Hire Ltd, an independent coach and bus operator in Ireland founded in 1995. Matthews Coach has a fleet of over 40 vehicles, including two newly acquired electric coaches. For the 12 months to August 2023, it booked revenue of EUR8.8 million and earnings before interest and tax of EUR1.2 million. FirstGroup Chief Executive Officer Graham Sutherland says: "The acquisition of Matthews Coach Hire, an established, profitable business builds on our recent strategic acquisitions in First Bus. It will complement our existing operations and allow us to expand our presence in the non-airport commuter and B2B markets in Ireland and we look forward to taking the business forward."

Current stock price: 164.30 pence each, up 0.9% on Tuesday morning in London

12-month change: down 1.9%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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