FirstGroup rises after winning $4 billion London Overground contract

Firstgroup

10/12/2025 08:35

** Shares of British public transport operator FirstGroup FGP.L up 3.43% at 181.9 p, among top gainers on London's mid caps index .FTMC, which is down 0.17%
** Co announces that it was named as preferred operator for London Overground rail contract

** FGP estimates the contract at 3 billion pounds ($4 billion) over eight years

** Co says contract's initial term is eight years with an option to extend for up to two additional years
** Up to Tuesday's close, stock had risen 8.76%, compared with a 6.10% YTD increase in FTMC

($1 = 0.7507 pounds)

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))