Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Positive revenue rises in UK bus and rail businesses but anal: point to slowdown at Megabus in US Transport group Stagecoach has accelerated more than

image text in transcribed
image text in transcribed
Positive revenue rises in UK bus and rail businesses but anal: point to slowdown at Megabus in US Transport group Stagecoach has accelerated more than 4% after a posit trading update. The company said like for like revenue in its UK rail business rose 6.5% i twelve weeks to 21 July, while its Virgin Rail joint venture with Richard Branson's conglomerate saw a 5.8% increase. Regional buses, which act for around 60% of group prots, saw revenues climb 4.5%, up from an estimated 2% increase in a weather hit fourth quarter. In its US business, which includes Megabuscom, revenues rose 51% in the three months to end of July. It said trading continued to be good and its prospects remained positive. Stagecoach shares are currently 12.5p higher at 319.9p, and analyst Jot

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management for Public, Health and Not-for-Profit Organizations

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

5th edition

1506326846, 9781506326863, 1506326862, 978-1506326849

More Books

Students also viewed these Finance questions

Question

=+a) Is this an experiment or observational study? Explain.

Answered: 1 week ago