FirstGroup 'examining all avenues' to deliver shareholder value

Investors in passenger transport operator FirstGroup heard how overall trading performance had been “in line with plans” in the first quarter on Tuesday, as they prepared for the company’s annual general meeting.

The FTSE 250 firm, which operates buses and trains in the UK and North America, noted that in July it was able to begin the process of withdrawing from most of Greyhound Canada's operations in the west of the country.

Executive chairman Wolfhart Hauser said that would address some of the long-standing issues in that part of the business.

“The board is examining all appropriate means to mobilise the considerable value inherent in the group, and to deliver shareholder value in a sustainable way while enhancing the services we provide to our customers and communities,” Hauser told shareholders in his statement.

FirstGroup was scheduled to announce interim results for the six months to 30 September on 13 November.