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FirstGroup investor Coast Capital makes some reasonable points | Nils Pratley

Amid a messy breakup strategy putting new experts on the Firstgroup board makes senseHalf a decade ago FirstGroup could boast it was "one of the world's great transport groups". That, at least, was the line used by Martin Gilbert when he bowed out as chairman after 27 years and, broadly speaking, it was correct. FirstGroup had grown from a few regional bus routes in Scotland to become very big in the UK and the US, as it still is today. There are 100,000 employees, the group carries 2 billion passengers a year and revenues last year were ?7.1bn.So not the sort of company to be pushed around by a small but mouthy New York hedge fund? Well, actually, it might be. Continue reading...
Zdroj: The Guardian

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