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Stagecoach Group PLC (SGC.L)

SGC.L on London Stock Exchange

129.70GBp
22 May 2019
Change (% chg)

-7.10 (-5.19%)
Prev Close
136.80
Open
137.20
Day's High
137.20
Day's Low
128.70
Volume
1,003,812
Avg. Vol
940,631
52-wk High
184.70
52-wk Low
113.90

Latest Key Developments (Source: Significant Developments)

Stagecoach Group Completes Sale Of North American Division
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Stagecoach Group PLC ::STAGECOACH GROUP PLC - COMPLETION OF NORTH AMERICA SALE.STAGECOACH GROUP PLC - SALE OF ITS NORTH AMERICAN DIVISION TO AN AFFILIATE OF VARIANT EQUITY ADVISORS, LLC HAS NOW COMPLETED.  Full Article

Stagecoach Group Says Co Excluded From All 3 Competitions For Submitting Non-Compliant Bids
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Stagecoach Group PLC ::DEPARTMENT FOR TRANSPORT RAIL FRANCHISING.OFFICIAL INFORMED STAGECOACH THAT IT HAS BEEN EXCLUDED FROM ALL 3 COMPETITIONS FOR SUBMITTING NON-COMPLIANT BIDS.EXCLUDED FROM ALL THREE COMPETITIONS FOR SUBMITTING NON-COMPLIANT BIDS PRINCIPALLY IN RESPECT OF PENSIONS RISK.WOULD URGE THAT A FULL INDEPENDENT VALUE FOR MONEY REVIEW IS UNDERTAKEN INTO ISSUE WITHOUT DELAY.BELIEVE STRONGLY THAT PRIVATE SECTOR SHOULD NOT BE EXPECTED TO ACCEPT MATERIAL RISKS IT CANNOT CONTROL AND MANAGE."EXTREMELY SURPRISED" THAT GOVERNMENT STILL EXPECTS PRIVATE OPERATORS TO TAKE RISKS THEY ARE NOT BEST PLACED TO MANAGE.  Full Article

Stagecoach Raises FY Expectations After "Positive Progress" In UK Rail Division
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Stagecoach Group PLC ::STAGECOACH GROUP PLC - TRADING STATEMENT.STAGECOACH GROUP PLC - SEEN FURTHER STRONG TRADING AND POSITIVE PROGRESS IN UK RAIL DIVISION FOR ITS FINANCIAL YEAR ENDING 27 APRIL 2019.STAGECOACH GROUP PLC - FY TRADING LEADS TO INCREASE IN CO'S EXPECTATIONS FOR HY ADJUSTED EARNINGS PER SHARE.STAGECOACH GROUP PLC - FY LIKE-FOR-LIKE VEHICLE MILES IN UK BUS OPERATED WERE 0.5% LOWER THAN IN PREVIOUS YEAR.STAGECOACH GROUP PLC - FY LIKE-FOR-LIKE REVENUE DECLINE OF 1.4% FOR NORTH AMERICA DIVISION INCLUDES 1.9% DECLINE FOR MEGABUS.COM NORTH AMERICA.  Full Article

Stagecoach Group Says It Agreed To Sell Its North America Division To Affiliate Of Variant Equity Advisors
Thursday, 20 Dec 2018 

Dec 19 (Reuters) - Stagecoach Group PLC ::SAYS IT HAS ENTERED INTO AGREEMENT TO SELL ITS NORTH AMERICA DIVISION TO AFFILIATE OF VARIANT EQUITY ADVISORS.SAYS SALE OF NORTH AMERICA DIVISION FOR ESTIMATED ENTERPRISE VALUE OF $271 MILLION.SAYS CASH PROCEEDS FROM SALE TO BE USED TO REDUCE STAGECOACH’S CONSOLIDATED NET DEBT.SAYS CONSIDERATION FOR DISPOSAL OF NORTH AMERICA DIVISION AGREED AT $207.0 MILLION.SAYS MANAGEMENT OF THE NORTH AMERICA DIVISION ARE EXPECTED TO REMAIN WITH THAT BUSINESS FOLLOWING THE DISPOSAL.SAYS RBC CAPITAL MARKETS ACTED AS FINANCIAL ADVISER TO STAGECOACH ON THE DISPOSAL.  Full Article

Stagecoach says Half-Year Earnings Ahead of Expectations
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Stagecoach Group PLC ::HALF YEAR REVENUE 1.231 BILLION STG.ADJUSTED EARNINGS AHEAD OF EXPECTATIONS.POSITIVE RESOLUTION OF CONTRACTUAL MATTERS FOR FORMER SOUTH WEST TRAINS FRANCHISE.STRONG PROFITABILITY AT VIRGIN RAIL GROUP.ADJUSTED EARNINGS PER SHARE 12.9 PENCE (H1 2018: 13.6 PENCE).STATUTORY LOSS PER SHARE 5.5 PENCE (H1 2018: EARNINGS PER SHARE 13.6 PENCE).£85.4M NON-CASH EXCEPTIONAL IMPAIRMENT CHARGE IN RESPECT OF NORTH AMERICA GOODWILL.INTERIM DIVIDEND MAINTAINED AT 3.8 PENCE PER SHARE.FULL-YEAR ADJUSTED EARNINGS WILL REFLECT RAIL OUT-PERFORMANCE IN FIRST HALF OF YEAR.  Full Article

Stagecoach Says Revenue Growth Across Rail Operations Broadly Consistent With H1
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Stagecoach Group Plc ::‍PROVIDING A TRADING UPDATE IN RESPECT OF ITS FINANCIAL YEAR ENDING 28 APRIL 2018​.FY LIKE-FOR-LIKE REVENUE GROWTH FO​R ‍UK BUS (REGIONAL OPERATIONS) - FORTY FOUR WEEKS ENDED 3 MARCH 2018 (0.1)%.FY LIKE-FOR-LIKE REVENUE GROWTH FOR ‍UK BUS (REGIONAL OPERATIONS) - FORTY FOUR WEEKS ENDED 3 MARCH 2018 (0.1)%.LIKE-FOR-LIKE REVENUE GROWTH​ ‍NORTH AMERICA - TEN MONTHS ENDED 28 FEBRUARY 2018 (0.6) PERCENT.  Full Article

Stagecoach Group posts H1 pretax profit of 96.7 mln pounds
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - STAGECOACH GROUP PLC ::HALF YEAR PRETAX PROFIT 96.7 MILLION STG VERSUS 89.5 MILLION STG YEAR AGO.HALF YEAR REVENUE 1.8 BILLION STG.INTERIM DIVIDEND 3.8 PENCEPER SHARE.H1 EARNINGS PER SHARE 13.6 PENCE (H1 2017: 12.7 PENCE).NO CHANGE TO OUR EXPECTATION OF 2017/18 EARNINGS PER SHARE."EAST MIDLANDS TRAINS FRANCHISE HAS BEEN EXTENDED THROUGH TO MARCH 2019, WITH PROSPECT OF AGREEING A FURTHER DIRECT AWARD FRANCHISE".  Full Article

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Stagecoach takes legal action against UK after rail bids rejected

Stagecoach Group said on Wednesday it had begun legal action against Britain's Department for Transport after the company's bid to continue operating a rail route was rejected due to concerns over pensions.