In an interim management statement covering available information for the period to 26 February 2014, Stagecoach Group Plc said the overall Group profitability has remained ‘satisfactory’. There has been no significant change to the expected adjusted earnings per share for the year ending 30 April 2014, which the company claims reflects the strength in the […]
Hull based East Yorkshire Motor Services (EYMS) Group is to close its depot at Driffield to reduce its overhead costs following significant cuts in the funding the company receives from central and local government. All the routes currently operated from the depot will be reallocated to other EYMS depots with only ‘very minor changes’. There […]
Stagecoach Group has placed orders worth over £100m in 570 new coaches and buses for the financial year 2014-15 for its operations in England, Scotland and Wales. It is the largest set of orders it has ever placed and the company believes it is also the biggest placed by any bus operator in Britain. The […]
In its results for the year ended 31 December 2013, National Express has delivered what it describes as a ‘strong financial performance’. Group revenue increased 3% to £1.89bn (2012: £1.83bn), with 7% growth in total non-rail revenue. Its normalised Group profit before tax was ahead of target at £143.7m (2012: £164.1m). The decline reflects the […]
Scania is considering Volkswagen Aktiengesellschaft’s public takeover offer to the shareholders in Scania. The deal would see all of their shares in Scania tendered to Volkswagen (VW) for a cash consideration of £18.34/SEK200 per share. VW is already a key stakeholder in the Swedish CV manufacturer, owning 62.6%. VW recently reported achieving an operating profit […]
Stagecoach Midlands has completed its £5.6m investment in 37 new single deckers operated out of its Northampton depot. The latest batch of nine new ADL Enviro200s will be used on Daventry’s main bus network comprising routes D1/D2 (The Grange Estate, Danetre Hospital and Southbrook to Daventry town centre and Northampton) and D3 (Lang Farm, Ashby […]
Emily Willox, a pupil at Broomhill Primary, was picked the overall winner of First Glasgow’s Bus Art competition. School children across the operator’s network area were invited to submit drawings, paintings and collages to the bus company on the subject of bus travel. The artwork has been used to decorate the hoardings at the construction […]
Nanjing, the ancient capital of China, is transforming its public transport fleet with an order for more than 1,000 pure electric BYD buses and taxis. Initially the city has placed into service a fleet of 50 BYD ebuses and, before the Youth Olympic Games in Nanjing later this year, the city will take delivery of […]