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Thursday, 25 June 2015

BBC News

• Bendy buses to be scrapped over costBendy buses which were introduced six years ago and led to controversial changes to the road system in Swansea city centre are to be scrapped.

City AM

• Stagecoach doubles European investment on rising profitsBUS and rail operator Stagecoach Group is looking to expand operations in Europe and is ready to pitch for more transport franchises in big metropolitan cities around Britain. The expansion plans accompanied the group’s 2.4 per cent rise in pre-tax profits for the year ending 30 April 2015. It earned £185m on a 9.4 per cent increase in turnover to £3.2 bn. Shares rose 10.4p to 417p after lifting the total dividend to 10.5p with a 7.3p final. Martin Griffiths, chief executive, said yesterday that the dividend shows “the group is in good financial shape...â€� Stagecoach is doubling its ...

This is Money

• Train and bus operator Stagecoach posts weaker profits as it's hit by cheaper petrol prices and tough competition Although group pre-tax profits rose 2.4 per cent to £185million on revenue of £3.2billion - up 10.3 per cent on the previous year - profits from its UK bus and rail businesses were weaker.

Other Regional Press

• Bus firm launches projects for green weekTHREE initiatives have been launched by a bus company.
• Stagecoach offering free travel to military personnelA bus company is offering free travel to military personnel to mark Armed Forces Day.
• Stagecoach is set to close Lancashire depotBus operator Stagecoach is axing its Chorley depot - resulting in some of the town’s routes being run from Preston.

Chartered Institute of Logistics and Transport

• Stagecoach on track for higher revenues despite bus slowdownRising sales at Stagecoach are being powered by the transport operator’s trains while its buses lag behind, results are expected to show this week. The FTSE 250 company is set to post a 6pc rise in revenues to £3.11bn when it reveals its yearly results on Wednesday, with rail services making up close to half of all revenue, and the divide is expected to get even wider when the firm starts to run the East Coast railway. Pre-tax profits are set to total £182.5m, up less than £2m on the year before. Stagecoach’s new eight-year contract to run the East Coast railway...
• McGill's Buses announced record profits for 2014Greenock-based company McGill's Buses has announced record profits for 2014. The firm, owned by brothers Sandy and James Easdale, recorded pre-tax profits of £3.22m, up from £1.75m in 2013. Turnover also increased from £33.8m to £35.3m over the same period. The firm said it managed to achieve savings by outsourcing the procurement of mechanical parts and materials. Managing director Ralph Roberts said McGill's was

Other News Sources

• ISLAMIC CENTRE CRASH: Safety calls after bus hits Blackburn community centre THE road where a bus crashed into an Islamic community centre was an accident waiting to happen, according to one of the venue’s trustees.