FirstGroup PLC - Aberdeen, Scotland-based public transport provider - Ahead of its annual general meeting on Friday, FirstGroup says overall trading in the financial year so far has been in line with the expectations it set out with its annual results in early June. At that time, the company said current trading and outlook for financial 2024 was in line with its own expectations. It had said it expected ‘further sequential progress’ for its First Bus division. In First Rail, it had expected profit from open access and rail additional services to be at least in line with financial 2023.
FirstGroup says that, as of Thursday, it has completed £70.9 million of the £75 million share buyback programme that it launched back in December. Once the current buyback is complete, it will start a new £115 million buyback. FirstGroup says it will release results for the half-year ending in September on November 23.
Current stock price: 147.50 pence, up 1.5% on Friday morning in London
12-month change: up 11%
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