FirstGroup plc

Equities

FGP

GB0003452173

Passenger Transportation, Ground & Sea

Market Closed - London S.E. Other stock markets 11:35:01 2024-04-26 am EDT			5-day change	1st Jan Change
165.2 ^GBX	+0.92%		-2.42%	-5.60%

Apr. 25	FTSE 100 shakes off red-hot US inflation gauge	AN
Apr. 25	Labour says to renationalise UK railways in "first term" if elected	AN

FirstGroup signs facility to support electric bus batteries purchase

January 17, 2024 at 05:14 am EST

(Alliance News) - FirstGroup PLC on Wednesday said it signed a purchase facility in line with its goal to buy electric bus batteries.

The Aberdeen-based transport company said it signed a new GBP150 million green hire purchase facility with a syndicate of three banks, aimed at supporting the purchase of electric bus bodies.

FirstGroup refers to the strategic joint venture with Hitachi Ltd to purchase up to 1,000 electric bus batteries for GBP100 million, announced back in November.

Furthermore, FirstGroup continued to buy its 2024 6.875% bonds resulting in a reduction in future net interest cost. As at Wednesday, purchases for a total of GBP44.0 million have been completed, with GBP128.1 million of the 2024 bonds remaining outstanding.

FirstGroup shares fell 1.5% to 168.40 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
HITACHI, LTD.	13,475 JPY	+1.81%	+1.09%	79.32B
BIST 100	9,916 PTS	+2.05%	+2.29%	-
FIRSTGROUP PLC	165.2 GBX	+0.92%	-2.42%	1.29B

Latest news about FirstGroup plc

FTSE 100 shakes off red-hot US inflation gauge	Apr. 25	AN
Labour says to renationalise UK railways in "first term" if elected	Apr. 25	AN
Equipmake delivers 12 electric buses under First York partnership	Apr. 05	AN
FirstGroup receives Transport for London contract for cable car	Mar. 21	AN
FirstGroup Receives GBP60 Million London Cable Car Contract	Mar. 21	MT
FirstGroup plc Announces Award of London Cable Car Contract	Mar. 21	CI
Transcript : FirstGroup plc - Shareholder/Analyst Call	Mar. 13
FirstGroup part of process to select Elizabeth line operator	Mar. 12	AN
FirstGroup Forecasts Expectation-beating FY24 Group Adjusted Earnings	Mar. 12	MT
FirstGroup plc completed the acquisition of York Pullman Bus Company Limited from Tom and Maxine James.	Feb. 22	CI
FirstGroup takes over bus firm York Pullman Bus Co	Jan. 26	AN
FirstGroup to Buy Coach Services Provider York Pullman Bus	Jan. 26	MT
FirstGroup plc signed an agreement to acquire York Pullman Bus Company Limited from Tom and Maxine James.	Jan. 25	CI
Crest Nicholson names Persimmon's Martyn Clark as CEO	Jan. 23	AN
FirstGroup signs facility to support electric bus batteries purchase	Jan. 17	AN
FirstGroup Secures GBP150 Million Green Hire Purchase Facility to Buy Electric Bus Bodies	Jan. 17	MT
FirstGroup Agrees GBP150 Million Loan to Purchase Electric Bus Bodies	Jan. 17	DJ
FirstGroup plc Announces That It Has Signed A New, Innovative £150M Green Hire Purchase Financing Facility	Jan. 17	CI
FirstGroup plc Announces Purchase of Further Bond Purchases	Jan. 17	CI
A big week for macro data	Nov. 27
FirstGroup CEO Says Possible Labour Government Risky for Rail Business	Nov. 27	MT
LONDON MIDDAY: FTSE 100 edges lower despite boost from oil stocks	Nov. 23	AN
FirstGroup swings to loss on pension charge; backs annual expectations	Nov. 23	AN
Transcript : FirstGroup plc, H1 2024 Earnings Call, Nov 23, 2023	Nov. 23
FirstGroup's Fiscal H1 Loss Widens	Nov. 23	MT

Chart FirstGroup plc

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Company Profile

FirstGroup plc is a private-sector provider of public transport services in the United Kingdom. The Company operates through two divisions: First Bus and First Rail. First Bus is a regional bus operator in the United Kingdom with a fleet of approximately 5,000 buses. It operates over 4,900 buses and serves two-thirds of the United Kingdom's 15 conurbations. First Rail is a rail operator that operates a fleet of approximately 3,800 rail vehicles. First Rail operates four major United Kingdom train operating companies, including Avanti West Coast, Great Western Railway (GWR), Southwestern Railway (SWR) and TransPennine Express (TPE), and two open access passenger rail services, Hull Trains, and Lumo. The Companyâs subsidiaries include First Aberdeen Limited, First Beeline Buses Limited, First Cymru Buses Limited, First Eastern Counties Buses Limited, First Essex Buses Limited, First Hampshire and Dorset Limited, First Manchester Limited, and First Midland Red Buses Limited.

Sector

Passenger Transportation, Ground & Sea

Calendar

2024-06-10 - Q4 2024 Earnings Release

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Ratings for FirstGroup plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.652 GBP

Average target price

1.943 GBP

Spread / Average Target

+17.63%

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