First shareholder calls takeover bid ‘unattractive’

FirstGroup‘s largest shareholder, Schroders, has described a potential takeover bid for the operator as ‘unattractive’. The unsolicited offer came from I Squared Capital Advisers, an independent global infrastructure investment manager. The potential deal could be for as much as £1.2bn. The potential buyer is offering to pay 118p per share and a contingent right to […]

Air chaos bonus?

It’s good to see so many coaches on the roads as spring gives way to summer, with touring having picked up and, as Marksman reports in On Target, even signs of the inbound market recovering. Tour companies report buoyant overseas sales for events centred around the Platinum Jubilee, Tours International selling out of places on […]

First completes UK’s largest rapid-charging centre

First Bus has completed the transformation of its Caledonian depot in Glasgow into the UK’s largest electric vehicle (EV) rapid-charging centre. The depot has had 160 rapid-charging points installed over the last nine months, supporting First Bus’s ambition to be emission-free by 2035. The operator is trialling the use of its charging infrastructure to third-party […]

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