FirstGroup has rejected the proposed takeover offer from I Squared Capital Advisors, saying it significantly undervalues its operations and future prospects. On 26 May 2022, FirstGroup confirmed it had received a series of unsolicited, conditional proposals from I Squared Capital Advisors in relation to a possible offer for the entire issued, and to be issued, […]
Transport for Greater Manchester (TfGM) is running minibuses to cover several bus routes in Rochdale until the end of July. The bus routes are usually operated by Transdev-owned Rosso, but a lack of drivers means the operator finds itself in a temporary position where it cannot provide services on all of the routes. Despite the […]
A significant planned restructuring of Go-Ahead North East – still recovering from the passenger slump – has coincided with the decision of Managing Director Martijn Gilbert to leave the company. Go-Ahead North East is to close Chester-le-Street depot – one of seven it runs – and redeploy staff at other depots. The six remaining depots […]
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 […]
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 […]
Bus and Coach Buyer Features Writer, David Cole, has been busy capturing even more of the buses given special Queen’s Platinum Jubilee-themed liveries. We take a look back at the Jubilee weekend and see some more of the buses commemorating this Royal occasion. Click the image above to see the gallery in full.
London’s bus network could be cut by almost 20% following a Government requirement for significant savings. Proposals on reshaping the central and inner London bus network have been set out by TfL due to the Government requiring the capital’s transport authority to reduce service levels on London’s bus network. Due to TfL’s reliance on passenger […]
Details of the 2022 UK Bus Awards have been announced, with plans for the contest to get under way this month. Entries will once more be invited to compete for 23 awards covering the full range of skills required to plan, promote and deliver high quality bus services to customers. The award categories are a […]