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Stagecoach Group PLC Add to portfolio

LON250:SGC, Sep 30, 04:10 UTC

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Friday, June 19


News

The week ahead: US GDP; Nike, Royal Mail, Stagecoach, Tesco results

BB BLK +4 more BB BLK SGC TSCO NKE RMG

Our UK chief market analyst, Michael Hewson, looks back at this week's price action in equity markets, and ahead to the latest flash PMI numbers, US economic data, and key chart levels on the FTSE 100, German DAX, S&P 500, GBP/USD, EUR/USD and EUR/GBP. Tuesday: Optimism over a rebound in economic activity gained traction in May, when there was a decent rebound from the record lows in April, as economic activity collapsed sharply in the wake of lockdown measures. This might be a touch on the optimistic side given that a lot of businesses have struggled to reopen, most notably retail as well as travel and leisure, while in the UK we economic activity may lag behind, due to non-essential shops only reopening on 15 June. As a result, UK services activity may only improve to 37.5 from 29. Thursday: When Nike reported its Q3 numbers in March, it was notable that while online sales were resilient, its China operations were a significant drag due to the February shutdown of the Chinese economy. Even though the Greater China stores managed to reopen in March, the company was then faced with shutdowns in the US and Europe, which are likely to hit its Q4 numbers.

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  • Business
  • Financial

Thursday, May 28


News

Stagecoach and First Group shares rise as bus services ramp up

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Planes, trains and automobiles were the order of the day on the stock market as investors climbed aboard companies ready to carry more passengers as lockdown eases. Bus operators FirstGroup and Stagecoach both updated the market, welcoming a £283 million cash injection for buses, trams and light rail from Government announced last week, which will help them ramp up services. London bus operator Stagecoach said it now has access to £800 million in funding, and added that regional bus mileage — currently at 40% of pre-Covid levels — would soon be ramped up. Meanwhile on the runways, easyJet shares were taking off, hitting the summit of the FTSE 100 as it revealed plans to cut 30% of its workforce, equating to 4,500 jobs.

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  • Business
  • Financial

Thursday, May 07


News

This is what Stagecoach bosses think will be the 'new normal' as company plans for post-lockdown travel

SGC

A six-point plan has been drawn up by bus company Stagecoach over the future of services as the Government looks to outline how the country’s coronavirus restrictions will be eased. Stagecoach has said it is looking towards the ‘new normal’ as it calls for support, cash and long-term changes to help reboot the region's economies and protect communities. It has said the outbreak of Covid-19 should be a ‘defining moment’ that transforms society for the better, and asks for a joint strategy between the industry and Government to secure public transport networks as the country leaves lockdown. Stagecoach, which runs buses across the North East, hopes to make changes for the better in the aftermath of the coronavirus lockdown.

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  • Health
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Wednesday, April 01


News

Roadrunner Unloads Another Unit, Sells Stagecoach Cartage

SGC

Advancing the transformation to an asset-light business model, Roadrunner Transportation Systems Inc. (NYSE:RRTS) announced that it has sold dry van business segment Stagecoach Cartage and Distribution LLC. Founded in 1986 and based in El Paso, Texas, Stagecoach provides over-the-road, local cartage and warehouse services to the "bulk resin and general freight markets." In 2019, Roadrunner narrowed its focus, choosing to pursue asset-light offerings as a means of lowering its capital needs and ending several quarters of significant financial losses. As the restructuring has progressed, the company continues to book losses from a generally weak operating environment, expenses incurred from asset and acquisition write-downs and the costs associated with reorganizing the company. "The divestiture of our Stagecoach business unit is another step forward in our strategy to simplify our portfolio by focusing on our value-added logistics and asset-light LTL segments," said Roadrunner CEO Curt Stoelting.

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Topics:
  • Business
  • Financial

Monday, March 23


News

Stagecoach warns on profit as transport companies take Covid-19 hit

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Stagecoach warns on profit as transport companies take Covid-19 hit. Mar 23rd, 2020 at 10:41AM. Some of Britain’s biggest transport companies have scrapped dividend payments to investors as they struggle with profits while commuters stay away from buses and trains. Perth-based Stagecoach said it does not expect to meet its earnings expectations for the 2020 financial year as the virus affects operations. It is still too early to reliably predict the effect the outbreak might have on profit, it said, but warned shareholders any further dividends are unlikely this year.

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  • Business
  • Financial
  • Health

Thursday, February 13


News

Stagecoach in Cambridge is first in UK regions to launch BYD ADL Enviro400EV electric double deckers

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Stagecoach has opted for the 4.2m low-height version of ADL's City style body, seating up to 70 passengers on comfortable ADL SmartSeats. "With the success of our BYD ADL Enviro400EV double deck product in London, it comes as no surprise that a major operator such as Stagecoach can see the benefits of electric mobility elsewhere," said Frank Thorpe, Managing Director at BYD (UK). "Our single deck BYD ADL Enviro200EV vehicle is already the electric bus of choice for a growing number of operators around the UK, and I only see an expanding customer portfolio now for our double deck offering." With 9,000 team members operating from more than 50 facilities across ten countries, NFI is a leading independent global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer® (heavy-duty transit buses), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), MCI® (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™.

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  • Business
  • Financial
  • Science

Wednesday, December 11


News

Siblings who set up Stagecoach step back in board shake-up

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Siblings who set up Stagecoach step back in board shake-up. Sir Brian Souter, 65, will step down as chairman but stay on the board, while Dame Ann Gloag will retire from the board completely, the company announced. The siblings helped grow the business into what is now claimed to be Britain’s biggest bus, coach and tram operator, employing 24,000 people across the country and with a fleet of more than 8,300 vehicles. John Moore, at investment management firm Brewin Dolphin, said the pair “have made invaluable contributions not only to Stagecoach as an individual company, but Scotland’s entrepreneurial and business community”.

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News

Stagecoach Stock Climbs as it Looks Overseas After Exit from U.S. and U.K. Rail

SGC

Stagecoach shares climbed 4.5% on Wednesday, as Britain’s biggest bus and coach operator announced that it was looking to expand to overseas markets after scrapping its U.K. and U.S. rail operations. The FTSE 250-listed company said it was looking to enter markets with “low political/regulatory risk, contract opportunities that offer an appropriate risk-reward balance, a positive economic outlook,” and with higher returns than it was achieving in North America. Stagecoach recently submitted a bid for the 12-and-a-half year contract to operate Sweden’s commuter railway running into Stockholm. If the company secures the contract, it will be responsible for putting a new fleet of trains into service at the beginning of the franchise. The company left the U.K. franchised rail market in December after being disqualified from three rail franchise competitions because its bids “breached established rules.” It sold its North American business a year ago.

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News

Reaction: Sir Brian Souter to step down as Stagecoach chairman

SGC

Perth-headquartered Stagecoach is one of the biggest bus operators in the UK. “The insight and wisdom of Sir Ewan Brown over his many years as a director of the company have also been key in its success.”. John Moore, senior investment manager at Brewin Dolphin, said: "A significant period of transition continues at Stagecoach with Sir Brian Souter’s decision to step down as chairman and the departure of Dame Ann Gloag, among a series of board changes. "They have made invaluable contributions not only to Stagecoach as an individual company, but Scotland’s entrepreneurial and business community. "Aside from the personnel changes, Stagecoach is in the process of re-balancing its business by focusing on core areas. While this has hit revenues and transformation programmes are almost invariably complex, the moves seem to be a step in the right direction given the wider transport environment. "In summary, this is another resilient set of results from Stagecoach as it aims to re-group and build new foundations for future growth."

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  • Business
  • Financial
  • Science

Wednesday, November 13


News

Self-driving Stagecoach bus makes debut Scottish run

SGC

The single-decker was driven round a cordoned-off section of the SEC car park in Glasgow as part of the CAV (Connected and Autonomous Vehicles) Scotland trade show. It is being developed in the joint Project CAVForth project between Stagecoach, bus maker Alexander Dennis, Transport Scotland and tech firm Fusion Processing. A fleet of five buses is expected to start carrying passengers on a 14-mile route over the bridge between the Ferrytoll park and ride site in Fife and Edinburgh Park tram/train interchange from late 2020. Transport Secretary Michael Matheson said: “I was particularly pleased to experience the demo of the prototype automated bus system as it’s the type of innovation that shows Scotland is very much open for business when it comes to trialling these types of vehicles.

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  • Business
  • Technology
  • Science