While its customers may not believe it, for FirstGroup shareholders it was better to travel than arrive.

Despite posting profits up 24% shares were off 32.5p, or 4% in early trading, as profit takers moved in following a strong run.
The profits hike follows a surge in bus and rail operations revenues.

FirstGroup's adjusted pre-tax profit of £74.5 million for the six months to September 30 came as the Aberdeen-based firm took the first steps towards integrating the Greyhound bus business it acquired in the United States in October.

The company said its UK rail operation increased revenues by 5.6% to £863.6 million with operating profits almost 10% stronger at £48.2 million.

The UK growth reflected strong performances from First ScotRail and First TransPennine Express, but the company said 'deep-rooted performance issues' continued to impact on its First Great Western franchise.

FirstGroup said it was working with Network Rail to improve operational performance and deliver higher levels of punctuality and reliability on the service, which covers the Thames Valley and the West Country.